Personal Property Loss Fund. A. The BOARD agrees to establish a fund of $500.00 to be used in settling claims of teachers for loss or damage to their personal property brought to their work location to be used in their work assignment, if prior written notification has been given to the administrator, or if it is required in a teacher's assignment. B. The claim shall be filed with the Superintendent setting forth the extent of the loss or damage, the absence of the employee's negligence and lack of insurance coverage. C. If the total claims for the year exceed the fund, each shall be covered on a prorated basis. D. Personal property shall not include cash. Also, all claim settlements shall be based on fair market value and no claim shall be filed on a loss less than $5.00.
Appears in 11 contracts
Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement
