Voucher system Clause Samples

Voucher system. Prior to July 1, 2002, a Labor/Management Committee will formulate a voucher system for the purchase of duty weapons. This committee will formulate a policy for this purpose which will include a required safety check prior to issuance of any voucher. The voucher system will provide a specified “amortized life” of a weapon and associated accessories, and an amortization schedule for reimbursement to the Department. In the event a regular employee leaves the Department prior to the expiration of the “amortized value” of the weapon and associated accessories, the employee will be responsible for reimbursing the Department for the remaining “amortized value.” This reimbursement will occur as an automatic deduction from the employee’s final paycheck. If there are insufficient funds to fulfill the reimbursement obligation, the employee will be billed for the remaining balance.

Voucher system. 5.1 The first sentence of Article 4(f) of the License Agreement shall be deleted and the following sentence shall be substituted in its place and stead: "Licensor shall have no obligation to handle discount coupons, rebates or other promotional items of any kind." 5.2 Notwithstanding anything to the contrary in the License Agreement or License Modification Agreement, Licensor and Licensee mutually agree to implement a voucher system which shall be effective no earlier than January 1, 2000, and continue for the term of this Agreement. 5.3 Licensee shall make an initial deposit of twenty thousand ($20,000.00) dollars into Licensor's bank account designated by Licensor for the purpose of purchasing Observatory Tickets from Licensor ("Observatory Voucher Bank Account"). At present, Licensor intends to use Fleet Bank. 5.4 When a customer purchases a Combination Ticket from Licensee to both the Attraction and the Observatory, Licensee shall provide the customer with a printed Observatory Voucher ("Observatory Voucher"). The Observatory Voucher shall contain an identical serial number on both ends of its face, and shall contain information as required by Article 44 of the lease for rooms 216-WP232 and 325-328. Licensee shall retain one-half of a sold Observatory Voucher (containing the serial number on one end) to a customer; the other half (containing the serial number on the other end) shall be given to the customer who, in turn, shall remit such partial Observatory Voucher to Licensor or its agents to gain admittance to the Observatory. 5.5 For each Observatory Voucher remitted to Licensor, Licensor shall deduct the cost of an Observatory Ticket (in accordance with the terms and conditions set forth in Article 1(D) of the License Modification Agreement and Article 4 herein) from the Observatory Voucher Bank Account. (a) Licensor shall authorize Licensee to check the balance of the Observatory Voucher Bank Account on a daily basis and shall forward Licensee a copy of all bank statements for such account. (b) Following the expiration of each month, Licensor shall submit to Licensee a statement, certified by a duly authorized representative of Licensor, setting forth the number of Observatory Vouchers it received from customers for the applicable period (the "Observatory Voucher Statement").