TOOL RENTAL Clause Samples
The TOOL RENTAL clause establishes the terms under which one party rents tools or equipment from another. It typically outlines the duration of the rental, the responsibilities for maintenance and care, and the conditions for returning the tools, such as in good working order or by a specific date. This clause ensures both parties understand their obligations, helps prevent disputes over tool condition or late returns, and allocates responsibility for loss or damage during the rental period.
TOOL RENTAL. Employees who are employed as School Bus and Vehicle Maintenance Technicians or Transportation Shop Assistant shall be paid $1100.00 prorated monthly for personal tool rental. To be eligible for such payment, employees must provide at their own expense the tools as specified on the Tool List agreed upon by the Employer and Association on file in the Transportation Office.