Tool Allowance for Mechanics Sample Clauses

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Tool Allowance for Mechanics. Each full-time mechanic shall receive a total two hundred fifty dollars ($250.00) per school year for the purchase of tools. This allowance will be paid no later than September 30th of each contract year.
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Tool Allowance for Mechanics. The COUNTY shall provide an annual tool allowance of Three Hundred Fifty Dollars ($350.00) for each Mechanic, payable by the second payday in July. This allowance is to cover the cost of the purchase of new tools or the replacement cost of tools rendered unusable due to breakage, wear-and-tear, and/or loss.
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Tool Allowance for Mechanics. All employees in the City Garage EXCEPT for ID 4585, will supply their own hand tools. An annual allowance of two hundred fifty dollars ($250.00) will be paid to each employee in the City Garage Section who is required to supply personal hand tools. Such allowance will be paid with the first pay cheque in January of each year. Employees who commence employment at the City Garage after January 1st in any year will not be entitled to the annual allowance in the calendar year in which they became employed or were transferred. Discounted tool prices from tool suppliers which are normally available to the Employers will be made available to the employee at the employee’s option and expense. Each employee paid a tool allowance will provide and maintain a lockable tool box, a complete set of mechanics hand tools in accordance with the following list and description. On January 1st of each year, each employee will provide to the Employers an up-to-date list of inventory stored in their tool box. The Employers will maintain insurance coverage on each employee’s hand tools, including the lockable box, to a maximum liability of ten thousand dollars ($10,000.00) per employee. Any claims for stolen or damaged tools under the terms of the insurance policy will be made by the employee through their supervisor. The deductible portion of the claim, which is currently two-hundred fifty dollars ($250.00) per claim, as determined by the insurance policy, will be paid by the employee. If the tools and/or the locked tool box is damaged within, or stolen from, the locked tool storage room, the Employers will pay the deductible portion of the claim. Each employee will be responsible for the condition, replacement and safe keeping of their personal hand tools. The Employers will not replace hand tools which are lost, stolen or damaged. Items generally recognized in this industry as consumables will be replaced by the Employers (eg. drill bits, electrical fittings, hacksaw blades, welding tip cleaner) at the Employers’ expense. ID 4585 will be excluded from these provisions. This employee may continue the present practice of using tools supplied by the Employers; however, this employee, at any time, may supply his own personal hand tools in accordance with the provisions of this section. If he chooses to do so, he will be paid a one thousand dollar ($1000.00) lump sum payment to assist him in purchasing his personal hand tool kit. If he elects to furnish his own personal Mechanic’s...
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Related to Tool Allowance for Mechanics

  • Tool Allowance (a) A tool allowance as set in the relevant Wage Tables in Appendix A per week shall be paid for all purposes to:- (i) Electrical workers at Grade EW 5 and beyond; (ii) Electrical workers performing the duties of: (A) Television Antenna Installer/Erector; (B) Television/Radio/Electronic Equipment Servicemen; and (iii) Apprentices - Contained within the relevant Apprentice Wage Rates.

  • Aid Allowance An employee who has been appointed by the Employer and trained to render first aid and who is the current holder of appropriate first aid qualifications such as a certificate from the St. ▇▇▇▇'s Ambulance or similar body shall be paid weekly an allowance as detailed in Appendix A. The Employer will always appoint the appropriate number of First Aid Officers as required by relevant legislation and Code of Practice.

  • Allowance for Loan Losses The Company's allowance for loan losses is, and shall be as of the Effective Date, in compliance with the Company's existing methodology for determining the adequacy of its allowance for loan losses as well as the standards established by applicable Governmental Authorities and the Financial Accounting Standards Board and is and shall be adequate under all such standards.

  • Overtime Meal Allowance Employees required to work more than two (2) hours overtime consecutive with a shift shall be provided with a meal by the Employer.

  • Allowance for Possible Loan Losses The allowance for possible loan or credit losses (the “Allowance”) shown on the consolidated balance sheets of each Subsidiary, as applicable, included in the most recent SEC Documents dated prior to the date of this Agreement was, as of the dates thereof, adequate (within the meaning of GAAP and applicable regulatory requirements or guidelines) to provide for all known, reasonably anticipated or probable losses relating to or inherent in the loan and lease portfolios (including accrued interest receivables) of such Subsidiary and other extensions of credit (including letters of credit and commitments to make loans or extend credit) by such Subsidiary as of the date thereof; provided, however, that there can be no assurance that future losses will not exceed the Allowance, or that additional provisions for loan losses will not be required in future periods, and provided, further, that it is understood that the Company’s determination of the Allowance is subject to review by the Company’s bank regulator, which can require the establishment of additional general or specific allowances.