OPTICAL ALLOWANCE Sample Clauses
An optical allowance clause defines the permitted tolerances or variations in optical components or systems within a contract. It typically specifies acceptable limits for deviations in parameters such as lens thickness, curvature, or refractive index, ensuring that minor imperfections do not constitute a breach of contract. This clause is essential for managing expectations and reducing disputes by clarifying what level of optical variation is considered acceptable in delivered products.
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OPTICAL ALLOWANCE. TRANSCO shall provide to all employees annually in the form of reimbursement for the following: medical allowance of P 2,500, dental assistance of P2,500, optical allowance of P2,500. The guidelines shall be jointly formulated by the TRANSCO and the MINTREA within thirty (30) days from the effectivity of the CNA. TRANSCO shall implement the fifteen percent (15%) increase of employers’ shares and subsequently, a five percent (5%) increase per year as per Section 1. Article IV “Charter of the TRANSCO Provident Fund”.
OPTICAL ALLOWANCE. 16.4.1 Where an ophthalmologist or optometrist prescribes spectacles or a change of lens specifically for the use at a computer screen during the course of the Employee’s duties, AAP will pay the cost of the lens, less any health fund benefit or other benefit that would have been available to the Employee.
16.4.2 From the date of approval of this Agreement by the Fair Work Commission the spectacle allowance amount for frames provided for in this clause is $130.00
16.4.3 The spectacle allowance will increase annually from 31 December each year in accordance with the annual increase in the therapeutic, appliances and equipment component of CPI (measured from September to September).
16.4.4 This allowance will not be available until after an Employee’s first anniversary of employment at the AAP.