Cycle Counting Sample Clauses

Cycle Counting. The parties have discussed the matter of cycle counting during these 2001 negotiations. While we know it would be desirable to assign the duties and responsibility to either bargaining unit people or non-bargaining unit people, it is not practical to do so at this time. This is a function of a perpetual inventory control system. It is in the best interest of both parties to continue to share the responsibilities for physical inventory in the same spirit that we are mutually responsible for quality. Xxxx X. Xxxxxx General Manager Wichita Clutch Addendum F 401(k) SAVINGS PLAN FOR HOURLY/UNION EMPLOYEES The Company established a Savings Plan for the bargaining unit employees of Warner Electric, Wichita Falls, Texas Plant. The Plan will be established and administered by the Company who will bear the fiduciary responsibility and the cost of its administration, arrange for a record keeper and trustee, produce and record all required reports filings and plan documentation, name a plan administrator, and arrange for audits as may be needed from time to time. It is understood and agreed that the Company through any communications that it may use to promote the plan, is not offering financial advice to any plan participant. A description of this plan is included herein, referred to as Addendum F. OUTLINE OF SAVINGS PLAN PROVISIONS ELIGIBILITY AND ENROLLMENT: All bargaining unit employees will be eligible to enroll in the Savings Plan after the completion of their probationary period, or the effective date of this plan, which ever is later. Enrollments for employees already on the payroll will be effective as soon as practical following their execution of the appropriate enrollment and authorization forms provided by the Company. Each participant who enrolls will be provided an account in their name. CONTRIBUTIONS: Each eligible participant will be entitled to have withheld from their pay up to fifty percent (50%) of their gross pay on a pre-tax basis (under section 401-K of the Internal Revenue Tax Code), and up to ten percent (10%) of gross pay on an after-tax basis. The Company will forward employee contributions to the record keeper/trustee, to be deposited in each employee’s account, as soon as possible following the end of each month. Enrollments and contributions will be cancelled or changed effective the first pay period following written authorization by the employee. Changes in contribution amounts will be allowed at any time. Re-enrollment after cancellat...

Cycle Counting. Xxxxx responsibilities: •[*] The cycle count process is included in Appendix K—‘IPC02 Cycle Counting

Cycle Counting. 12.2.1. SCS will maintain a cycle count program in accordance with SCS's standard practice. Goods stored at the Facilities will be physically counted each week on the basis of a [**] cycle, such that each inventory location will be counted at least [**] times each year. SCS will generate the weekly cycle count report at the Facility through the WMS. SCS will maintain records of all counts taken and provide results to Customer as requested.