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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, provided at hire and confirmed electronically on each purchase request. 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.