basis of compensation

The shares are held in the trust and allocated to the accounts of employees on the basis of compensation, years of service or other formulas.

It is wholly concerned with the process of compensation; it does not alter the basis of compensation.

Use the value of the land declared by the landlord for tax purposes as the basis of compensation for expropriated land.

The resulting legislation (the Town and Country Planning Act 1959) restored 'fair market price' as the basis of compensation for compulsory acquisition.

The Act is concerned exclusively with "qualifying liability in tort" and affirms Parliament's view that fault based liability should remain the basis of compensation for clinical mishaps.