Friend of Toro Order Policy
|
POLICY
In order to promote Corporate goodwill, it is Toro's policy to grant special pricing of 10% premium over distributor net discount on new equipment purchases to certain special customers at the discretion of an officer or the division controller of The Toro Company. Moral, ethical, and/or legal standards will receive full consideration prior to granting such a price. (Refer to: Code of Conduct). An Officer of the Company is defined as a Vice President or higher in Toro (all divisions, subsidiaries, etc.)
PROCEDURE
- A person outside the Company who wishes to purchase a Toro product under this plan must have the approval of an officer or the division controller.
- Any employee may login to the online Employee Store to request a Friends of Toro order. The employee must log in, select the product the Friend of Toro wishes to purchase and then select "I want to place an order for a Friend of Toro Co" at the check out.
- Under this policy, equipment is picked up from a Toro facility at no charge or shipped to the special customer. The individual purchasing the product pays a price of 10% premium over distributor net.
The employee is responsible for final approval of the purchase request. A copy of the Friends of Toro request will be cc'd to the employee's supervisor.
Bad debts (the Special Customer not paying) are charged to the cost center of the person requesting the sale and a copy of the bad debt charge is forwarded to the Division Controller and the Corporate Treasurer.
|
|