Common use of Level of Reimbursement Clause in Contracts

Level of Reimbursement. All items of personal property listed in Table 1 which are damaged, lost, or stolen will be reimbursed at a formula rate, as provided for in Tables I and II. Such a formula will be based on the age, replacement costs, life expectancy, and condition of the article at the time it was lost, damaged, or stolen. The formula is derived by the use of the following table: MEN’S WEAR WOMEN’S WEAR Item Rate (Years) Item Rate (Years) 1. Coats & Jackets - Leather & Suede 34 1. Coats & Jackets - Leather & Suede 34 2. Hats 1 2. Blouses 1.5 3. Neckties 1 3. Dresses 2 4. Rainwear - Plastic - Fabric 12 4. Rainwear - Plastic - Fabric 12 5. Shoes 1.5 5. Shoes 9 mo 6. Shirts 1.5 6. Shirts 2 7. Slacks 2 7. Slacks 1.5

Appears in 6 contracts

Samples: Memorandum of Agreement, Memorandum of Agreement, Memorandum of Agreement

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Level of Reimbursement. All items of personal property listed in Table 1 which are damaged, lost, or stolen will be reimbursed at a formula rate, as provided for in Tables I and II. Such a formula will be based on the age, replacement costs, life expectancy, and condition of the article at the time it was lost, damaged, or stolen. The formula is derived by the use of the following table: MEN’S WEAR WOMEN’S WEAR Item Rate (Years) Item Rate (Years) 1. Coats & Jackets - Leather & Suede 34 1. Coats & Jackets - Leather & Suede 34 2. Hats 1 2. Blouses 1.5 3. Neckties 1 3. Dresses 2 MEN’S WEAR WOMEN’S WEAR Item Rate (Years) Item Rate (Years) 4. Rainwear - Plastic - Fabric 12 4. Rainwear - Plastic - Fabric 12 5. Shoes 1.5 5. Shoes 9 mo 6. Shirts 1.5 6. Shirts 2 7. Slacks 2 7. Slacks 1.5

Appears in 2 contracts

Samples: Memorandum of Agreement, Memorandum of Agreement

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