Growth Incentive. Exclusive Suppliers only Item 12 of the Details; and
Growth Incentive. If the Supplier is able to increase either or both of their Milk Solids in Fresh Milk or Grade 2 Milk during the Growth Incentive Period, the Supplier may be eligible for a Growth Incentive under this section 2.7. The Growth Incentive is calculated on any increase in either or both of the Milk Solids in Fresh Milk or Grade 2 Milk which are accepted by Tatura in the Growth Incentive Period over and above the average of the relevant Milk Solids in such milk supplied during the previous two Financial Years (Growth Incentive Baseline). If the Supplier is a new supplier to Tatura, the Growth Incentive Baseline is set out in Item 11 of the Details and, if the Supplier commences supplying Tatura part way through a Financial Year, then Growth Incentive will be calculated based on: • the Supplier’s Prior Deemed Milk Supply as set out in Item 13 of the Details; and • Fresh Milk and Grade 2 Milk accepted by Tatura during the Term, (Total Annual Milk). The Supplier will then be paid a pro-rata proportion of the Growth Incentive calculated on the proportion of the Total Annual Milk that was accepted by Tatura during the Term. The rates for the Growth Incentive and an example of the way in which the Growth Incentive operates are set out in Item 10 of the Details. If there is more than one Farm listed in Item 1 of the Details, Tatura will group all those Farms together for the purposes of calculating the Growth Incentive, unless there is a different Sharefarmer Supplier or Sharefarmer Suppliers associated with any of the Farms in which case the Growth Incentive will be calculated and paid on a per Farm basis. To determine whether the Supplier will receive a Growth Incentive, at the end of the Growth Incentive Period, the Supplier will be assessed against both the criteria for the New Milk Incentive and the criteria for the Growth Incentive. If the Supplier would have received more money from Tatura under the New Milk Incentive, the Supplier will not also be paid a Growth Incentive. If the Supplier would have been paid more money from Tatura under the Growth Incentive, the Supplier will receive a top up payment as soon as reasonably practicable after the end of any relevant Financial Year, being the difference between what the Supplier would have been paid under the Growth Incentive less what they have been paid under the New Milk Incentive.
Growth Incentive. Seller agrees to offer Customer a growth rebate based on annual net purchases (excluding any returns, freight and handling charges of any kind) of Catalog products (specifically excluding any Non-Catalog Products or Third Party Products) by Contractor (Net Purchases) for each contract year of the term of this Agreement as compared with the Net Purchases for the previous contract year. Seller will measure Contractor’s Net Purchases for each contract year of the term of this Agreement and will compare the current year’s Net Purchases (Current Net Purchases) against the previous contract year’s Net Purchases (Previous Net Purchases). In the event that Contractor’s Current Net Purchases meet or exceed the Previous Net Purchases, Contractor will be entitled to a Growth Rebate calculated by multiplying the incremental Net Purchases (Current Net Purchases minus Previous Net Purchases) by five percent (5%). Notwithstanding the foregoing, regardless of the actual Current Net Purchases by Contractor in any year, in no event will the Previous Net Purchases ever be lower than the Net Purchases by Contractor in 2018 for purposes of calculating this incentive. The Contractor will not be entitled to a Growth Rebate in any calendar year in which the Current Net Purchases fail to exceed the Previous Net Purchases. Seller will make payment of any earned Growth Rebate to Contractor no later than forty-five (45) days following the end of each contract year.
Growth Incentive. Upon completion of the first year of business (first year will begin November 4, 2002 and will conclude at the end of 52 weeks. Payment will be made to Nathan's by December 15th after each year), USF will offer to pay to Nathan's corporate 1% of sales over the established base on an annual basis (exclusive of any acquisition of current USF customers; however, any acquisition will be included in that year's final numbers that will be treated as next year's base). *FIRST YEAR BASE - $56,000,000 (*TO BE VERIFIED) EXAMPLE: ACTUAL SALES $66,000,000 $56,000,000 LESS BASE $10,000,000 SALES OVER BASE $ 100,000 PAY OUT! The actual sales for the first year will serve as the base for the second year.
Growth Incentive percent (6%) annual incremental gross revenue cap shall be used in calculating the Growth Incentive Payment. The Growth Incentive Payment shall be calculated as follows: For the year ending December 31, 1996 1996 Gross Revenue in Service Lanes 9-14 - 1995 Gross Revenue in Service Lanes 9-14 Difference (if positive) x 10% = Growth Incentive Payment For the year ending December 31, 1997 1997 Gross Revenue in Service Lanes 9-14 minus the lesser of (a) the 1996 Gross Revenue in Service Lanes 9-14 or (b) the 1995 Gross Revenue in Service Lanes 9-14 x 1.06 (which becomes the 1996 Base Revenue) Difference (if positive) x 10% = Growth Incentive Payment For the year ending December 31, 1998 1998 Gross Revenue in Service Lanes 9-14 minus the lesser of
(a) the 1997 Gross Revenue in Service Lanes 9-14 or (b) the 1996 Gross Revenue in Service Lanes 9-14 x 1.06 (which becomes the 1997 Base Revenue) Difference (if positive) x 10% = Growth Incentive Payment The Growth Incentive Payment for subsequent years will be calculated using the same methodology.
Growth Incentive
