Loss Prevention Clause Examples
The Loss Prevention clause establishes the obligation of parties to take reasonable measures to avoid or minimize damage, injury, or loss during the performance of a contract. In practice, this may require implementing safety protocols, maintaining equipment, or promptly addressing hazards to prevent accidents or property damage. Its core function is to reduce the likelihood and impact of losses, thereby protecting both parties’ interests and potentially limiting liability.
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Loss Prevention. The Fund may provide loss prevention services to Fund Member. Fund Member agrees to adopt the Fund’s reasonable and customary standards for loss prevention and to cooperate in implementing any and all reasonable loss prevention and statutory compliance recommendations or requirements. The Fund makes no warranty on Fund loss prevention recommendations.
Loss Prevention. The Manager will arrange for and coordinate loss prevention services as agreed with the Company, including furnishing assistance and professional consultation to participating insureds, in developing loss prevention systems, making inventories and surveys regarding exposures and risks covered under the Company program, analyzing claim causes and trends, including frequency and severity, developing and conducting training programs, and other information for loss prevention. The type of services which will be provided to individual insureds to help them to develop loss prevention systems will include review and analysis of past claims, management controls and development of recommendations to improve risk management.
Loss Prevention. Within 30 days from the Effective Date of this Contract, Provider shall submit for review by the Board a risk management and loss prevention program designed to prevent the misappropriation, loss, or damage of Capital Equipment and/or Capital Improvements. The Board shall review risk management and loss prevention program plan and shall provide a written response to Provider, within thirty (30) days of requesting edits to the plan and stating the basis for such requests. Provider shall reimburse the Board for any Capital Equipment or Capital Improvement damaged or destroyed as a result of the acts or omissions of Provider and/or its agents, volunteers, and employees. Provider shall be financially responsible to the Board for all losses of Capital Equipment and Capital Improvements that occur due to the negligent or intentional acts of Provider and/or its agents, volunteers, or employees, and not due to reasonable wear and tear.
Loss Prevention. Nothing in this Article shall restrict the Company's right to require an employee to work in another department during the employee's shift. In all departments listed, the 6" shift will be offered in department first, before going to Extra Shift Availability list Extra Shift Availability List Where an extra shift is available in a department and employees in the department are not available to work it, the Company shall follow the procedure set out below: employees who are interested in extra shifts must sign the Extra Shift Availability List which will be kept in the office and posted in the staff lounge; only regular part-time employees and auxiliary employees, who are passed their probationary period, are eligible for extra shifts pursuant to this provision; extra shifts worked pursuant to this provision shall not result in overtime rates being paid; consistent with efficiency of operation within each department and classification, the extra shift shall be offered to the most senior employee in the classification who has the qualifications and ability to do the work and who is on a scheduled day and under no circumstances shall an extra shift be offered to an employee if it will result in that employee working more than thirty-seven and one-half (37%) hours in a week.
Loss Prevention. Service Provider shall, upon written notice from Pace specifying and documenting claims or other evidence of incompetence, inattention, carelessness or other fault on the part of Service Provider or any of Service Provider's employees, promptly take all lawful and reasonable steps to prevent claims or losses as a result of such incompetence,. inattention, carelessness or other fault. This Section shall not, however, be construed to require Service Provider to take any action in violation of its obligations under any labor agreement or other employment contract.
Loss Prevention. Loss Prevention Supervisors and Loss Prevention Officers will be excluded from the bargaining unit.
Loss Prevention. Protect its physical assets from loss, damage or prolonged incapacity that may interrupt business-critical activities or seriously affect performance; provide plans, resources and capabilities to minimise the risk of events such as explosions, fires and release of materials arising from processes, bulk storage facilities or utilities and disruption arising from all such events in line with EHS risks; and provide adequate resources and capabilities to respond to emergencies and implement measures to safeguard the environment, people and property.
Loss Prevention. Protect its physical assets f rom loss, damage or prolonged incapacity that may interrupt business-critical activities or seriously affect performance; provide plans, resources and capabilities to minimise the risk of events such as explosions, fires and release of materials arising f rom processes, bulk storage facilities or utilities and disruption arising f rom all such events in line with EHS risks; and provide adequate resources and capabilities to respond to emergencies and implement measures to safeguard the environment, people and property.
Loss Prevention. Major Security Breach Management -Xxxxx Fargo Management Fee (third part forensic investigation occurs; cost not covered in the fixed fee per incident) $15,000 fixed fee per incident [***] Indicates that text has been omitted which is the subject of a confidential treatment request. The text has been separately filed with the Securities and Exchange Commission. Minor Security Breach Management -Xxxxx Fargo Management Fee (no third party forensic investigation occurs) $2,500 fixed fee per incident ACH Services To be provided by Treasury Management Earnings Credit Non-interest bearing accounts maintained at Xxxxx Fargo Bank for the purpose FAPS’s bankcard settlements will earn “Earnings Credits” to offset fees described in this proposal. The Earnings Credit Rate (ECR) Index for Wholesale Banking customers is set internally, on a monthly basis at the bank’s discretion, and is applied to the month’s average daily ledger balance. The ECR Index is calculated after evaluating a combination of factors, including 91-Day Treasury xxxx, Fed Funds rate, Sweep rates and other market indicators. The Index may be adjusted during the month to react to market changes. The earnings credit in any month may not be more than the total monthly fees.
Loss Prevention. Lessee shall implement the loss prevention recommendations from Lessor's insurers (or their designated representative) as it pertains to Lessee's property or operations, within a reasonable period of time. Any increase in premium to Lessor from Lessee's noncompliance with this section will be borne by Lessee.