Almcoe Tool Program Authorization

Existing Balance Authorization

Almcoe purchased tools on your behalf under the Tool Purchase Program and you have an open balance. This sheet confirms your repayment schedule and your written authorization for the payroll deductions. Read the Tool Purchase Program Policy, review your schedule, and sign at the bottom.

Technician

Remaining balance today

Your Payback Schedule

Payroll Deduction Authorization

By signing below, I acknowledge that I have read and understand the Almcoe Technician Tool Purchase Program Policy. I confirm the remaining balance shown above for tools purchased on my behalf, and I authorize Almcoe Refrigeration to deduct from my wages the repayment amounts shown in the payback schedule above until my balance is repaid in full.

I further authorize Almcoe Refrigeration to deduct the full remaining balance from my final paycheck, or from any wages owed to me, if my employment ends for any reason before my balance is repaid, to the extent permitted by law. If my final wages are insufficient to cover the balance, I agree to repay the remaining amount within 30 days of my separation date.

No deduction under this program will reduce my pay below the applicable minimum wage or required overtime compensation in any workweek; any remaining amount will carry to the following pay period. This authorization remains in effect for the duration of my employment and also applies to any future purchases I make under the program.

I have read the Tool Purchase Program Policy and the authorization above. I confirm my remaining balance and agree to the payback schedule and payroll deductions, including deduction of any remaining balance from my final paycheck if I leave the company. Signature, type your full legal name Last four of your Social Security number Draw your signature

Sign here with your finger or mouse

Signed electronically as of today's date.

Almcoe Refrigeration

Technician Tool Purchase Program Policy

Purpose

Almcoe Refrigeration provides technicians access to the tools required to perform their work safely and professionally. This policy defines which tools the company provides, which tools technicians are responsible for, and how the voluntary Tool Purchase Program operates.

Company Provided Tools

Almcoe purchases, owns, and maintains the five major tools assigned to each technician. These tools remain company property, are tracked by serial number, and must be returned in working condition upon separation from employment. Loss or damage resulting from negligence may be charged to the technician with signed authorization.

Technician Owned Hand Tools

Technicians are responsible for providing their own hand tools. New technicians will receive the required hand tool list at hire and must be fully tooled within 90 days. Hand tools purchased by the technician are the technician's personal property.

Voluntary Tool Purchase Program

To assist technicians, Almcoe offers a voluntary, interest free purchase program. Almcoe will purchase approved hand tools at company cost on the technician's behalf, and the technician repays the balance through payroll deduction under the following terms:

Maximum outstanding balance of $1,500 per technician. No new program purchases until the current balance is at least 50 percent repaid.

Purchases under $50 are deducted in full from the next regular paycheck.

Repayment deductions are the greater of $100 per pay period or one sixth of the original purchase balance, so each purchase is repaid within six months.

Deductions begin on the first payroll following the purchase.

Tools purchased through the program become the technician's personal property once repaid in full.

Participation is voluntary. No deduction under this program will reduce a technician's pay below the applicable minimum wage or required overtime compensation in any workweek; any remaining amount will carry to the following pay period.

Authorization and Payroll Deduction

Participation requires a signed payroll deduction authorization. For technicians with an existing balance, this signature sheet serves as that written authorization, covering the remaining balance and any future purchases under the program. The authorization includes consent to deduct any remaining balance from the technician's final paycheck at separation, to the extent permitted by law, with any shortfall repaid within 30 days of the separation date.

Authorization signed

This link is not available