Common use of Exclusive Suppliers only: Productivity Incentive Clause in Contracts

Exclusive Suppliers only: Productivity Incentive. (Section 2.4) Productivity Incentive rates (exclusive of GST) We will determine the cents per litre (cpl) rate for the Productivity Incentive applicable during a Financial Year based on your Forecasted Volume for that Financial Year in accordance with the above table. Your Productivity Incentive will then be paid monthly at that rate on the basis of your Forecasted Volume for that month. If your actual monthly volume falls below (or above) your monthly Forecasted Volume for one or more months during a Financial Year, we may apply a revised cpl rate for the remainder of that Financial Year, with your written agreement. The Productivity Incentive that may be payable for the final July and August of the Term shall be calculated at the Productivity Incentive rate applicable for the final June of the Term.

Appears in 5 contracts

Samples: Supply Agreement, Supply Agreement, Supply Agreement

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