Common use of Personal Property Loss Fund Clause in Contracts

Personal Property Loss Fund. The Board agrees to maintain a Personal Property Loss Fund of $10,000. Guidelines for utilization of the fund shall be in compliance with Board Policies governing such expenditure of funds. Loss or damage to personal property (exclusive of personal vehicle, cash, and tools) during the regular working day is to be covered. The parties further agree to establish, jointly, guidelines for the administration of the Personal Property Loss Fund.

Personal Property Loss Fund. The Board agrees to maintain a Personal Property Loss Fund of $10,000. Guidelines for utilization of the fund shall be in compliance with Board Policies Rules governing such expenditure of funds. Loss or damage to personal property (exclusive of personal vehicle, cash, and tools) during the regular working day is to be covered. The parties further agree to establish, jointly, guidelines for the administration of the Personal Property Loss Fund.