George Brown College Employee Purchase Plan
The George Brown College Employee Purchase Plan allows eligible College employees to receive loans for the purchase of Apple or Dell Computers, peripherals and accessories through payroll deduction.
Eligibility
Full-time employees who have at least ONE FULL YEAR (12 consecutive months) of service at the College are eligible for loans for computer purchases. Employees on a one-year, part-time, and contract appointment are NOT eligible to participate. • Any employee who purchases a computer must assure he/she meets the eligibility requirements, as outlined above.
Loan Details and Payment Plans
The financing limit is $5,000. The purchase price will include appropriate tax and other charges (i.e. shipping). Loans are repaid through payroll deduction (total load amount including shipping charges and taxes divided by 52 consecutive pay period. This is ONLY available for Dell Computer or Apple Computer systems (this also includes peripherals, software and accessories at the time of system purchase). 1. Get a quotation from Dell by: • Visit the Dell EPP website at www.dell.ca/epp (print system details of the computer you have chosen and attach it with EPP Application) When purchasing please refer to our Dell EPP# 4117403 2. Then Contact Dell dedicated EPP Sales B.R.NAGENDRA PRASAD at 1-800-847-4096 ext-4161437. or email: nagendra_br@dell.com– get the Quotation Number from Dell and write it on the Payroll Deduction Authorization Form. IMPORTANT: Print the quotation summary that was emailed you and attach it with your form. 3. Fill out and sign the Payroll Deduction Authorization Form Fax or E-mail both the signed Payroll Deduction Authorization Form with Dell System summary with part numbers to Michael Trillanes. • Fax: 416-415-2664 • E-mail as a PDF scan to stjamescomputerstore@georgebrown.ca Orders will be processed when GBC Finance Department approves the request. This may take up 14 days. Once a system is ordered by the Computer Store – no changes can be made nor can it be canceled. Note: In the event that you recieved the invoice from Dell, please send it via inter-office mail to: Attn: Michael Trillanes Bookstore - 200 King St. East.
Three EASY STEPS to Order your DELL SYSTEM:
Additional Details:
GBC Employee Purchase Plan DOES NOT allow the following purchases: • Consumer Electronics ( such as LCD TV, Digital Camera, Camcorders, MP3 Players, PDA, GPS) • Computer Games • Projectors If any of the items mentioned above are on the order/ quotation – it will be automatically DENIED. Orders will only be processed during the ordering window:November 2 - 13, 2009 The College does not guarantee product availability or delivery dates. Prices are in effect only during this ordering window date.
George Brown College Employee Purchase Plan 1
GBC Employee Purchase Plan Payroll Deduction Authorization Form
Employee Name ________________________________________ Employee#_______________ Work Phone____________________ Home Phone___________________ Delivery Information (Please print) .................................................................................................................................................................................................. .................................................................................................................................................................................................. .................................................................................................................................................................................................. Dell Model (Quote#): _______________________________________ ____________________ (Dell System Option Sheet should be attached with the application) Options/ Upgrades: Any item(s) that has “BOOKSTORE” would be supplied by GBC Bookstore. ____________________________________________ ____________________ ____________________________________________ ____________________ ____________________________________________ ____________________ ____________________________________________ ____________________ ____________________________________________ ____________________ ____________________________________________ ____________________ Sub-total (A) ___________________ PST @ 8% of (A) ___________________ GST @ 5% of (A) ___________________ Ontario WEEE Fee + 8% Tax ___________________ Less: Payment, if any ___________________ Loan Request Amount ___________________
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George Brown College for the time period involved. I understand, and agree, that upon delivery of my computer or upgrade, I shall be the owner of the computer equipment and the computer equipment purchased under this plan is my equipment to keep, to maintain, to insure and to repair at my expense, and that George Brown College is in no way responsible for and cannot guarantee the quality of the equipment purchased or its suitability for my needs. I acknowledge and agree that neither I, or any subsequent owner of my computer or upgrade, shall have no recourse whatsoever against George Brown College. I understand that any savings I realize from borrowing the money from George Brown College is a taxable benefit under current tax legislation. The amount of taxable benefit is based on Canada Revenue Agency’s prescribed rate and will appear on my annual statement of remuneration (T4 slip) as a taxable benefit. By signing this Payroll Authorization form I have read and agree to the Terms and Condition of the George Brown College Employee Purchase Plan. All purchases under this plan are for personal use only and are not for resale.
George Brown College Employee Purchase Plan terms and conditions:
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I understand that my loan will be repaid to George Brown College over a 52 consecutive Pay Period. My employer, George Brown College, shall and is hereby authorized to deduct from my bi-weekly pay an amount equal to the total purchase price divided by the number of pays in the next 52 Consecutive Pay Period. I understand, and agree, that on any payroll date during the term of this agreement, I may, if I wish, pay the loan off in its entirety. I understand, and agree, that in the event of termination of my employment with the George Brown College for any reason, including death, the balance of the amount payable at that time shall immediately become payable, and George Brown College is hereby authorized to deduct this from my final pay, including vacation pay, and in the event my final pay is not sufficient to cover the balance I, or my estate, shall immediately pay directly to George Brown College the amount outstanding to settle the debt. In the event of the suspension of my employment with George Brown College, for whatever reason, including but not limited to maternity leave, worker’s compensation leave, long term disability leave, leave of absence, strike or lockout, I shall provide George Brown College with a series of post-dated cheques to cover the payments I would otherwise have made to
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Employee Signature__________________________________________ Date______________________ Payroll Use Only Authorizing Signature__________________________________________ Date______________________
George Brown College Employee Purchase Plan GBC EPP: November 2 - 13, 2009 2