OVERAGES AND SHORTAGES Sample Clauses

OVERAGES AND SHORTAGES. All employees who are required to handle revenue transactions shall abide by the following procedures. (a) The Bus Drivers and Ticket Sales staff will be issued a float consisting of tickets and/or cash which is the property of GO Transit and are required to submit a completed sales report signed by the employee at the end of each shift, or as directed. The float must be maintained at its full value and used only to provide change coincident with the sale of tickets. (b) In Station Operations, unclaimed overages will be applied to offset shortages as outlined in (h). In Bus Operations, employees will be issued Cash Shortage and/or Cash Overage Vouchers depending on the circumstances. (206.06 Driver's Manual) (c) GO Transit staff are required to forward all funds accumulated during the shift to GO Transit at the end of each shift and to reimburse GO Transit for all shortages for which they are responsible as a result of ticket sales transactions. (d) A supplementary notification of a Shortage/Overage will be issued by Revenue Accounting Office for amounts of $25.00 or more whenever an overage or shortage is incurred that is not reported by the employee on his/her sales report. (e) When an employee submits a report with a shortage or overage or receives a supplementary notice from Revenue Accounting, which the employee believes he/she is not responsible for, the employee shall immediately explain the reason for the difference and request the amount be written off. The employee's supervisor will consider each request and where a fair and reasonable explanation has been given, the difference will be written off. In the event the supervisor does not grant the requested adjustment and the employee disputes his responsibility for the shortage, the matter may be grieved in accordance with the collective agreement. (f) Staff and trainees will not be responsible for shortages attributable to training. Where communal floats are in existence and shortages occur that cannot, after investigation by appropriate authorities, be attributed to a particular employee, the shortage will also be subject to the write-off procedure. (g) In Station Operations, in order to summarize overages/shortages incurred, statements will be issued monthly and overages /shortages accumulated by quarters. In Bus Operations, vouchers are issued as identified. (h) In Station Operations, at the end of each quarter (March, June, September and December), employees will be required to settle the net ...

OVERAGES AND SHORTAGES. 12 The Department agrees that unit members assigned to receive 13 and/or disburse funds for the Department shall not be held liable 14 for shortages, except in the case of fraud, embezzlement, or any 15 other illegal act. All overages shall be the property of the 16 Department. This section does not relieve the unit member from 17 being accountable for errors for purposes of performance evaluations 18 and disciplinary actions. 19

OVERAGES AND SHORTAGES. At the end of each Month, Carrier will calculate and Shipper shall confirm the difference, if any, between the volume of LPG delivered by Shipper at the Receipt Point and the volume of LPG delivered by Carrier to Shipper’s designated customer together with the amount of inventory held at the Matamoros Terminal (the “LPG Variance”). If the LPG Variance results in a shortage of more than one (1.0%) percent, Carrier will reimburse Shipper for the shortage of volume outside measurement tolerance in accordance with Section 6.12 quarterly. If the LPG Variance results in an overage of more than one (1.0%) percent, then such volume shall be the property of Carrier. These procedures shall be in addition to, and not in lieu of, any other provisions of this Agreement requiring Carrier to account to Shipper for all volumes delivered hereunder, but in no event shall the foregoing procedure result in Carrier accounting to Shipper more than once for the same volume.

OVERAGES AND SHORTAGES. If LST purchases by delivery of firm purchase orders more than the minimum purchase requirements for any quarter, then the excess amount shall be applied to the minimum purchase requirements of the immediately subsequent quarter. If LST purchases by delivery of firm purchase orders less than the minimum purchase requirements for any quarter, then the LST may make up such deficiency in the immediately subsequent quarter by purchasing that number of Lasers which equals the amount of such deficiency, exclusive of the minimum purchase requirements for that subsequent quarter.

OVERAGES AND SHORTAGES. ARTICLE TERM OF AGREEMENT ............. AND PAYPERIODS SCHEDULE ..........

OVERAGES AND SHORTAGES. Keystone shall deliver and account to Lessee for 100% of Petroleum stored for its account subject to any actual gains or losses due to evaporation or shrinkage due to normal operations at the Tank Facilities. Adjustments for overages or shortages will be determined on a tank by tank basis. In addition to any direct gains or losses due to evaporation or shrinkage during terminalling or incident to Keystone transportation or other services provided by Keystone, the account of Lessee shall be subject to the application of a financial loss allowance equal to 0.05% of all Receipts from Lessee at the Tank Facilities. The financial loss allowance shall be included for the purposes of balancing shipper positions in accordance with Section 5.4 of the Rules and Regulations Governing the Transportation of Petroleum contained in the tariff of TransCanada Keystone Pipeline, LP, an Affiliate of Keystone, in effect at the relevant time. Overages or shortages will be calculated and prorated to Net Standard Volumes on a Monthly basis.