By signing below, I acknowledge that I have read and understand the Almcoe Technician Tool Purchase Program Policy. I voluntarily elect to participate in the program and authorize Almcoe Refrigeration to deduct from my wages the repayment amounts described above for the tool purchase requested on this form and for any tools purchased on my behalf under this program.
I further authorize Almcoe Refrigeration to deduct the full remaining balance of any tool purchases 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 applies to each purchase I make under the program. I may stop future participation at any time by written notice, which will not affect repayment of amounts already owed.
Technician Tool Purchase Program Policy
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.
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.
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.
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:
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.
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.