Computer Loans Sample Clauses
The 'Computer Loans' clause establishes the terms under which computers or related equipment are temporarily provided to individuals or entities. It typically outlines the responsibilities of the borrower, such as proper use, maintenance, and timely return of the equipment, and may specify conditions for liability in case of loss or damage. This clause ensures that both parties understand their obligations and helps prevent disputes by clearly defining the rules for borrowing and returning computer equipment.
Computer Loans. To assist with the training process, staff are encouraged to have a PC at home. Interest-free loans to purchase personal computer equipment are available to employees who qualify for regular staff loans. The terms and conditions are the same as for other staff loans, except as follows:
(a) Loan Amount: maximum five thousand dollars ($5,000);
(b) Amortization: maximum two (2) years;
(c) Term: maximum two (2) years;
(d) Payments: are by payroll deduction;
Computer Loans. Buyer will reimburse Seller in the Settlement Payment for 50% of the outstanding computer loan balance for those Seller employees it hires and will amortize the employees' payment of those loans based on continued employment with Seller on terms that it will define.
Computer Loans. Employees in Pool X and higher shall be eligible to participate in the College computer loan program. Such loans shall be for a period of two (2) years from the date of the loan. The Federation shall indemnify the College in the event it must take any legal action to recover funds loaned under this article. [NOTE: THE FOLLOWING IS THE TEXT OF A MEMO WHICH APPEARS AS “EXHIBIT B” IN THE PRINTED VERSION OF THE ADJUNCT CONTRACT.] DATE: October 6, 1995 TO: ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇ FROM ▇▇▇▇▇ ▇▇▇▇▇ [Original document initialed: STJ] RE: College insurance contributions for credit-free teaching In our recent conversation, we agreed that the following guidelines apply to benefits for part-time faculty who teach credit-free courses: When a part-time teacher has taught 23 clock hours in a semester or session (that is, the amount that would allow them to earn a seniority unit) they are also eligible to earn the full amount of insurance benefits available to faculty in their pool. For teachers who teach less than 23 contact hours in a semester or session, the amount of insurance benefits to which they are entitled is pro-rated to the number of hours they work.
Computer Loans. A computer loan package will be available to regular employees of the Employer with the following conditions:
(1) Maximum $3500.00
(2) Interest payable on the outstanding balance, with rate payable based on the prescribed rate as determined by Revenue Canada on a quarterly basis.
(3) Limit of two (2) purchases during this contract.
(4) Employee required to sign a reimbursement agreement to repay loan during a three year period or less. The outstanding balance becomes payable immediately if employment is terminated for any reason.
Computer Loans. Computers may be purchased at the Vassar College Computer Store with the same loan option made available by the College for faculty and administration.