Common use of Compensation for Loss of Tools Clause in Contracts

Compensation for Loss of Tools. The Company will replace all Employee tools stolen, destroyed by fire or vandalism whilst in a room of securely stored building, premises, job, workshop, company vehicle, gang box or in a lock up. If the Employee has additional tools, the Employee will provide the Company with a copy of their tool list to enable their additional tools to be covered. It is the Employee’s responsibility to look after tools provided and to ensure that tools are locked away in the company provided facility at the end of each work day, up to a maximum of $2422.88. Payment will only be made for compensation for loss of stolen tools where the Employee provides to the Employer a copy of a police report.

Compensation for Loss of Tools. The Company will shall compensate an Employee to replace all Employee tools stolen, destroyed lost by fire or vandalism breaking and entering whilst securely stored at the Company’s direction in a room of securely stored building, or building on the Company’s premises, jobjobsite, workshop, company vehicle, gang box workshop or in a lock uplock-up up to a value of $383.67. If Where evidence is produced by the Employee has additional toolsthat they have suffered a greater loss, the Employee will provide Company shall pay the additional amount. This clause only applies where the Employee, at the request of the Company, has supplied the Company with a copy list of their tool list to enable their additional tools required to be covered. It is kept on the Employee’s responsibility to look after tools provided and to ensure that tools are locked away in the company provided facility at the end of each work day, up to a maximum of $2422.88. Payment will only be made for compensation for loss of stolen tools where the Employee provides to the Employer a copy of a police reportjob.

Compensation for Loss of Tools. ‌ The Company will shall compensate an Employee to replace all Employee tools stolen, destroyed lost by fire or vandalism breaking and entering whilst securely stored at the Company’s direction in a room of securely stored building, or building on the Company’s premises, jobjobsite, workshop, company vehicle, gang box workshop or in a lock uplock-up up to a value of $376.00. If Where evidence is produced by the Employee has additional toolsthat they have suffered a greater loss, the Employee will provide Company shall pay the additional amount. This clause only applies where the Employee, at the request of the Company, has supplied the Company with a copy list of their tool list to enable their additional tools required to be covered. It is kept on the Employee’s responsibility to look after tools provided and to ensure that tools are locked away in the company provided facility at the end of each work day, up to a maximum of $2422.88. Payment will only be made for compensation for loss of stolen tools where the Employee provides to the Employer a copy of a police reportjob.