COMPUTER LOAN FUND Sample Clauses

COMPUTER LOAN FUND. The City of Xxxxxxx has established a computer purchase loan program for its employees. The City encourages the use of computers by employees, where such use will result in a more efficient use of time and an improved work product. City personnel will have the opportuntity to acquire desktop and laptop computers and accessories that will enhance their personal and professional skills. Participation in the loan program is voluntary and subject to the following conditions:
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COMPUTER LOAN FUND. The CITY has established a computer purchase loan program for its employees. The CITY encourages the use of computers by employees, where such use will result in a more efficient use of time and an improved work product. CITY personnel will have the opportuntity to acquire desktop and laptop computers and accessories that will enhance their personal and professional skills. Participation in the loan program is voluntary and subject to the following conditions: • Eligilble employees may receive a loan of up to $2,000 (two thousand dollars) for the purchase of a computer (desktop or laptop), printer, digital camera, software and other related equipment as provided under the minimum standards as defined under CITY policy. The specific items to be purchased must be approved in advance by the City Administrator (or his designee). • The equipment must meet minimum standards established by the CITY: Minimum standards are subject to revision by the CITY as necessary to maintain current technology. Revision to the standards will be via changes to CITY policy approved by City Council. • The term of the loan shall be 24 months and interest free. The loan repayment schedule shall start with the payroll period following the month in which the CITY paid for the equipment. • The Finance Department will deduct payments from the employee’s paycheck in equal installments. The employee may may payments in excess of the minimum necessary to satisfy the loan in 24 months. • The loan agreement, included as an exhibit in the original 1998 Resolution approving the loan program must be signed. The loan agreement is included in the CITY policy and may be changed immaterially from time to time based on the circumstances of a particular loan. • The Security Agreement, included as an exhibit in the original 1998 Resolution approving the loan program must be signed. The Security Agreement is included in the CITY policy and may be changed immaterially from time to time based on the circumstances of a particular loan to adequately identify the security of the loan. • The Computer Loan Program was originally incorporated into the MOU between the CITY and UNION in the 1998-1999 fiscal year and was previously included as Exhibit C of the 2001-2005 MOU.
Sample 1
COMPUTER LOAN FUND. The purpose of the computer loan fund is to enable CCLS staff to purchase computer systems for use at home. The program will encourage and assist staff in purchasing a computer system since skills learned at home are directly transferable to the office. The ground rules for the computer loan fund are as follows:
Sample 1

Related to COMPUTER LOAN FUND

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