Level of Reimbursement. All items of personal property listed in Table 1 which are damaged, lost, or stolen will be reimbursed at a formula rate, as provided for in Tables I and II. Such a formula will be based on the age, replacement costs, life expectancy, and condition of the article at the time it was lost, damaged, or stolen. The formula is derived by the use of the following table: TABLE 1 LIFE EXPECTANCY RATE MEN’S WEAR WOMEN’S WEAR Item Rate (Years) Item Rate (Years)
Appears in 7 contracts
Samples: Memorandum of Agreement, Memorandum of Agreement, Memorandum of Agreement
