Purchase of Weapon Clause Samples
The 'Purchase of Weapon' clause outlines the terms and conditions under which a buyer acquires a weapon from a seller. It typically specifies the type of weapon being purchased, the agreed price, payment terms, and any legal requirements such as background checks or permits that must be satisfied before the transaction is completed. This clause ensures that both parties understand their obligations and that the sale complies with applicable laws, thereby reducing the risk of disputes or illegal transfers.
Purchase of Weapon. Upon retirement from the Police Division (with ten (10) years or more of service), each Bargaining Unit Member shall have the right to purchase their service weapon and related magazines. The price of the weapon will be based on a depreciation schedule of twenty percent (20%) per service year, with a minimum value of one dollar ($1.00). The Chief shall maintain a record of make, model and serial number of said weapon in the name of the retired officer.
Purchase of Weapon. Upon retirement, after twenty (20) years of service with the ▇▇▇▇▇▇ Police Department, a bargaining unit member will be allowed to purchase the member's service weapon for ten percent (10%) of the weapon's initial cost.