Just Compensation - Page 3 - Law Dictionary

Compensation and market value

Compensation and market value, market value cannot be equated to compensation. The market value is only one of the components in the determination of the amount of compensation, Periyar and Pareekanni Rubber Ltd. v. State of Kerala, (1991) 4 SCC 195 (211)....

Retrenchment compensation

Retrenchment compensation, 'retrenchment com-pensation' is not a retirement benefit at all. As the expression 'retrenchment compensation' indicate it is compensation paid to a workman on his retrenchment and it is intended to give him some relief and to soften the rigour of hardship which retrenchment inevitably causes, Indian Hume Pipe Co. Ltd. v. Workmen, AIR 1960 SC 251 (253): (1960) 2 SCR 32. (Industrial Disputes Act, 1947, s. 25F)...

workman's compensation

workman's compensation : workers' compensation ...

Compensation for loss of employment

Compensation for loss of employment, expression 'compensation for loss of employment' used in explanation 2 to s. 7 refers to any payment made, whether under a legal liability or voluntarily, to compensate or act as a solatium for the loss of employment suffered by the employee', Commissioner of Income Tax v. E.D. Sheppard, AIR 1963 SC 1343 (1347): (1964) 1 SCR 163. (Income-tax Act 1922, s. 7, Expl. 2)...

workmen's compensation

workmen's compensation : workers' compensation ...

workers' compensation insurance

workers' compensation insurance : insurance purchased by an employer or created through self-insurance that provides coverage for workers' compensation claims by injured employees ...

deferred compensation

deferred compensation : current compensation (as wages or salary) deferred until a later time usually for the purpose of investment (as in a retirement plan) ...

longshore and harbor workers' compensation act

longshore and harbor workers' compensation act The federal act designed to provide workers' compensation benefits to employees, other than seamen, who work in maritime employment upon the navigable waters of the United States. (33 U.S.C.A. Sec. 901) Source: FindLaw ...

overtime compensation

overtime compensation A higher rate of pay (usually 1.5 or 2 times the regular hourly rate) an employer is obligated to pay employees who work more than a certain number of hours in a day or week. ...

Damages

Damages, constitute the sum of money claimed or adjudged to be paid in compensation for loss or injury sustained, the value estimated in money, of something lost or withheld, Divisional Controller K.S.R.T.C. v. Mahadeva Shetty, (2003) 7 SCC 197 (202).The expression 'damages' is neither vague nor over-wide. It has more than one signification but the precise import in a given context is not difficult to discern. A plurality of variants stemming out of a core concept is seen in such words as actual damages, civil damages, compensatory damages, consequential damages, contingent damages, continuing damages, double damages, excessive damages, exemplary damages, general damages, irreparable damages, pecuniary damages, prospective damages, special damages, speculative damages, substantial damages, unliquidated damages. But the essentials are (a) detriment to one by the wrongdoing of another, (b) reparation awarded to the injured through legal remedies, and (c) its quantum being determined by t...

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