Common use of Point Allotments Clause in Contracts

Point Allotments. (a) The Annual Point Allotment Per Employee will be based on the total dollar value of the items listed in the standard issue list set out in Section 1. Based on present costs, excluding applicable taxes, and the frequency of distribution, this point allotment is set at forty (40) per Employee per year, with one (1) point representing $10.00. (b) Entitlement Each Employee shall receive a full allotment of forty (40) points per year. (c) Unused Points May be carried over from year to year provided that the number of points carried forward, plus the Employee’s annual allotment, does not exceed a total of ninety (90) points. Any points in excess of ninety (90) shall be forfeited. (d) Account Balance It will be the responsibility of the Employer to notify each Employee of any points carried over from one year to another. Employees will be notified of these carry over points when they receive their annual order form. (e) Extended Absence Employees absent due to leave of absence or illness for periods in excess of three (3) months will have their allotment pro-rated accordingly.