Common use of Tool Insurance Deductible Clause in Contracts

Tool Insurance Deductible. The deductible portion payable by an employee for a claim under Tool Insurance will be no greater than one hundred dollars ($100.00) per occurrence. In order to qualify for payment of a claim, an up-to-date inventory list must be on file with the Company and will be subject to verification with the Company. Further, with respect to an employee being required to modify a tool in order to perform their normal duties, the Company will replace such tools at no cost to the employee, at which time the modified tool becomes the property of the Company.

Appears in 5 contracts

Samples: Collective Agreement, Collective Agreement, Collective Agreement

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