Letter Tool Allowance Sample Clauses

Letter Tool Allowance. The Company will determine and supply those tools required by an apprentice in a Trade or Craft apprenticeship course and an employee receiving train- ing under an Assigned Maintenance Training Pro- gramme, where the total cost of such tools equals or exceeds one hundred and fifty dollars An individual whose employment is terminated prior to or within three years following the successful com- pletion of his apprenticeship course or training pro- gramme will be required to reimburse the Company fifty percent of the cost of such tools. The Company will also pay fifty percent of the cost of a required tool which is broken in the perform- ance of normal duties by a Trade and Craft or Assigned Maintenance employee where the total cost of the tools required by such employee equals or exceeds one hun- dred and fifty dollars and where the cost of the broken tool exceeds ten dollars up to a total annual cost of three hundred The broken tool must be submitted at the time the employee obtains a replacement tool. Where, in accordance with the above provisions, the Company requires an employee to purchase metric tools, the Company agrees to the cost of such tools less any government rebate to which the employee be entitled. The Company will determine, select, order, and make available as it considers necessary, such tools for pur- chase by Trade and Craft and Assigned Maintenance employees.