Stocktake. (a) An employee may be required to work a Stocktake or Interim Stocktake provided they have received at least 14 days notice of the requirement.
(b) At times of Stocktake the minimum hours for a shift for part time employees or casual employees is 2 hours.
(c) An employee may be exempt from Stocktake if they can show genuine hardship that is acceptable to Xxxxxxx Xxxx. Part 6 Public Holidays
6.1 Public Holiday Payment
(a) When an employee works on a Public Holiday that is gazetted within his or her region the employee will be paid 250% of their ordinary rate of pay for any hours worked as a Public Holiday.
(b) Public Holiday and Easter Sunday work is voluntary provided:
(i) If there are not enough volunteers for Xxxxxxx Xxxx operational requirements then Xxxxxxx Xxxx will firstly approach casual employees to check their availability.
(ii) If there are not enough casual employees available then Xxxxxxx Xxxx will approach permanent employees on a rotating basis.
(iii) Xxxxxxx Xxxx will be mindful of the employee’s family and individual reasons for not wishing to work on a particular Public Holiday.
Stocktake. (Specials maximum twice a year)
Stocktake. (a) The Buyer and the Seller Representative must cause management of the Company to cause a physical stocktake of all trading stock to be undertaken by the Group as at the Adjustment Statement Date ("Stocktake").
(b) Representatives of the Seller, including an auditor nominated by the Seller Representative (" Seller's Auditor"), the Buyer, the Auditor and the Buyer's auditor, PricewaterhouseCoopers, will be entitled to be present at the Stocktake to observe details recorded on the stock sheets.
(c) The Stocktake must be undertaken in all jurisdictions in which the Group trades and carried out on or around the Adjustment Statement Date or over the immediately preceding weekend. Full stock counts must be conducted (as opposed to regular cycle counting) except that in relation to the Stocktake for that part of the Business conducted in Australia, this must be designed to utilise the benefit of the weekly cycle count procedures in place generally for that part of the Business.
Stocktake. 7.01 Within the period beginning five (5) Business Days prior to the Effective Date or as otherwise agreed in writing by the parties, the Purchaser (or its representatives) and the Vendor (or its representatives) shall conduct a physical stocktake and shall prepare an inventory of the Stock-in-Trade and the Fixed Assets. The Purchaser and the Vendor shall each be entitled to appoint such number of representatives as each may require to attend and participate in the physical stocktake.
7.02 The Purchaser shall procure the Purchaser’s Accountants to:
(a) prepare the Completion Certificate forthwith following the completion of the physical stocktake; and
(b) deliver a copy of the Completion Certificate to each of the Purchaser and the Vendor no later than fourteen (14) days from the Completion Date.
7.03 The Completion Certificate shall be prepared by the Purchaser’s Accountants in accordance with International Financial Reporting Standards and the corporate group and accounting policies of the Purchaser. As shown in the Completion Certificate and determined by the Purchaser’s Accountants, the value of the Stock-in-Trade shall be the lower of its actual cost or net realizable value and the value of the Fixed Assets shall be its depreciated cost.
7.04 The Completion Certificate shall be final and binding on the parties hereto and the Purchaser’s Accountants shall be deemed to act as an expert and not as an arbitrator.
7.05 The costs of the Purchaser’s Accountants in respect of the preparation and determination of the amount and value of the Stock-in-Trade and the Fixed Assets shall be borne by the Purchaser.
7.06 Forthwith following the completion of the physical stocktake, and in any event no later than fourteen (14) days from the Completion Date, the Vendor shall deliver written statements issued by each of the suppliers of the Stock-in-Trade (with such statements being in a form and manner acceptable to the Purchaser) confirming that:
(a) all such Stock-in-Trade has been fully paid for by the Vendor or the Relevant Companies;
(b) no amounts are due, owing and outstanding by the Vendor or the Relevant Companies to the suppliers; and
(c) all such Stock-in-Trade are free from any Encumbrance or other third party rights.
Stocktake. (a) Within the period of one month from the date of this agreement, the Commonwealth must give, and must procure that AN gives, the Purchaser a reasonable opportunity at the Purchaser's cost to inspect and take a count of all items of Plant and Inventory. During or after that inspection and prior to the Condition Fulfilment Date the Purchaser may give to the Commonwealth written notice specifying any Specified Locomotive which the Purchaser has been unable to inspect. If the Commonwealth agrees or it is determined that more than three of the Specified Locomotives described in schedule 6A are unable to be located, then the Commonwealth will arrange for the Auction Value of those locomotive to be determined within 10 Business Days of receipt by the Commonwealth of that notice and then subject to paragraph (b) the Purchaser will be entitled to a deduction from the Purchase Price of the amount of the aggregate of the Auction Values of those locomotives, up to a maximum of 30% of the Purchase Price. If no notice is given by the Purchaser under this clause before the Condition Fulfilment Date, then the Purchaser shall have no right to a deduction from the Purchase Price as contemplated by this clause.
(b) If relevant Auction Values for the purposes of paragraph (a) have not been determined at Completion, the Purchaser must pay the full Purchase Price and the Commonwealth must repay to the Purchaser the aggregate of the Auction Values as soon as practicable when it has been ascertained up to the relevant maximum percentage of the Purchase Price specified in paragraph (a) above. -------------------------------------------------------------------------------- COMMERCIAL IN CONFIDENCE COMMERCIAL IN CONFIDENCE --------------------------------------------------------------------------------
Stocktake. At the close of business on the fourth last Business Day prior to the Completion Date, the Vendor must commence a physical stocktake of all of the Stock. The Vendor and the Purchaser must use their respective reasonable endeavours to complete the Stocktake within 5 Business Days after the Completion Date.
Stocktake. During stocktake, an employee may volunteer to work at a location other than their usual place of work if such work is directly associated with the stocktake at that alternate location. Employees who volunteer to work at an alternate location shall not be entitled to the payment of travelling time or travelling expenses in respect of their travel to that alternate location.
Stocktake. (a) The Vendor must arrange for a physical stocktake of the Stock to be carried out not more than 2 Business Days before the Completion Date.
(b) The Stock must be valued on the basis of the principles in schedule 1.
(c) The Vendor must ensure that the Purchaser and the Purchaser's Auditors are given unrestricted access during normal business hours (and subject to usual security and safety requirements) to observe the stocktake.
Stocktake. For the purposes of preparing the Completion Balance Sheet, the parties will undertake that a stocktake of all Inventory of the Brand Companies is carried out on the Stocktake Dates by employees of the Brand Companies. The following provisions apply in relation to the stocktake:
(a) the stocktake must be attended by a Representative of the Subscribers and a Representative of the Companies;
(b) all Inventory on hand must be recorded in stock sheets which must be signed by the person carrying out the stocktake and must be verified by the Auditor; and
(c) the Inventory recorded in the stock sheets verified by the Auditor must be valued in accordance with the policies, principles and practices referred to in clause 8.2 for the purposes of preparing the Completion Balance Sheet.
Stocktake. Minimum Standard = Accurate processing of spare parts I
