Incentive No. 4 Type: Requirement Volume above Contract Minimum Description: Incentive earned for establishing, for any specific Product as of June 1 preceding a Contract Year, a Requirement Volume equal to or greater than 80% of the Sales Target Volume. This multiplier percentage is specific by Product and is available for application to Incentives Xx. 0, Xx. 0, and No. 3 Product: Ammonia, urea, UAN solution (as equivalent 28%), DAP, MAP
Incentive No. 2 Type: Timing of actual purchases under Supplier's Forward Pricing Program (FPP) Description: Incentive earned on a Product if (i) that Product is purchased in accordance with the terms and conditions of Supplier's FPP and (ii) a minimum period of time exists between the date the Customer places the order and the first day of the contract ship month as defined in Table II. Product: Ammonia, urea, UAN solution (as equivalent 28%) Time of Payment: No later than forty-five (45) days after the end of the Contract Year in which the Product was scheduled for shipment (i.e., contract ship month) Incentive Allowance by Product: Table II $ Per Ton No. Of Months between Order Date on FPP & 1st Day of Contract Ship Month 12 months or greater Greater than 6 months but less than 12 months Greater than 4 months but less than or equal to 6 months Greater than or equal to 1 months but less than or equal to 4 months Ammonia ***** ***** ***** ***** Urea ***** ***** ***** ***** UAN-28 ***** ***** ***** *****
Incentive No. 3 Type: Actual purchase volumes under Supplier's Forward Pricing Program Description: Incentive earned on a Product if Customer purchases a minimum of 25% of that Product's Sales Target Volume for a Contract Year in accordance with the terms and conditions of the Supplier's FPP. Only those tons with a contract ship month which falls within the current Contract Year, and only those tons purchased in accordance with the terms and conditions of the Supplier's FPP are eligible for this incentive. If the minimum (or next threshold level e.g., 51%) is satisfied, the then applicable per ton Product incentive is earned on the total eligible volume. Product: Ammonia, urea, UAN solution (as equivalent 28%), DAP, MAP Time of Payment: No later than forty-five (45) days after the end of a Contract Year. Incentive Allowance by Product: Table III $ Per Ton FPP tons as a Percent of Annual Sales Target Volume 25% or greater but less than or equal to 50% Greater than 50% but less than or equal to 75% Greater than 75% Ammonia ***** ***** ***** Urea ***** ***** ***** UAN-28 ***** ***** ***** DAP/MAP ***** ***** *****
Incentive No. 1: An Economic Development Incentive of One Thousand Dollars ($1,000.00) for each new Full-Time Employee employed at the Facility over the Company’s Forty (40) current Full-Time Employees, up to, but not to exceed, Thirty Five (35) new Full- Time Employees, will be paid to Company upon completion of the following Performance Requirements for Incentive No. 1, provided, however, that the total cumulative amount of all economic incentives to be paid to Company under this Agreement shall not exceed Thirty Five Thousand Dollars ($35,000.00) in the aggregate under any circumstances:
Incentive No. 4: An Economic Development Incentive of One Thousand Dollars ($1,000.00) for each new Full-Time Employee employed at the Facility over the highest number of Full-Time Employees previously reported, up to, but not to exceed, Thirty-Five
Incentive No. 1 Type: Actual purchase volume versus Sales Target Volume Description: Incentive earned on a Product if (i) that Product is purchased in accordance with the Take Pattern and (ii) the total volume of that Product purchased for a Contract Year equals a minimum percentage of that Product’s Sales Target Volume. Product: Ammonia, urea, UAN solution (as equivalent 28%), DAP, MAP Time of Payment: Forty-five (45) days after the end of a quarter or semi-annual period, unless actual shipment of the Product purchased enabling the Customer to earn the incentive occurs after the expiration of the quarter or semi-annual period, whereby payment will then be made 45 days from the date of the next quarter ending.
Incentive No. 2 Type: Timing of actual purchases under Supplier’s Forward Pricing Program (FPP) Description: Incentive earned on a Product if (i) that Product is purchased in accordance with the terms and conditions of Supplier’s FPP and (ii) a minimum period of time exists between the date the Customer places the order and the first day of the contract ship month as defined in Table II. Product: Ammonia, urea, UAN solution (as equivalent 28%) Time of Payment: Forty-five (45) days after the end of the Contract Year, unless actual shipment of the Product purchased enabling the Customer to earn the incentive occurs after the expiration of the Contract Year, whereby payment will then be made within 45 days from the date of the next quarter ending. Incentive Allowance by Product: Table II $ Per Ton No. Of Months between Order Date on FPP & 1st Day of Contract Ship Month 12 months or greater Greater than 6 months but less than 12 months Greater than 4 months but less than or equal to 6 months Greater than or equal to 1 months but less than or equal to 4 months Ammonia ***** ***** ***** ***** Urea ***** ***** ***** ***** UAN-28 ***** ***** ***** ***** Exclusion: Ammonia purchases from Supplier’s Tampa Ammonia terminal, UAN solution purchases from Supplier’s terminals at Baltimore, Chesapeake, Wilmington and any future East Coast or Canadian terminal, and any vessel purchases delivered to XX Xxxx Xxxxx, XX Xxxx Xxxxx, XX Xxxxx Xxxxx xxx Xxxxxxx Xxxxxx — both actual and Sales Target Volume amounts – are excluded from all calculations for incentive allowances available per Performance Incentive No. 2.
Incentive No. 3 Type: Actual purchase volumes under Supplier’s Forward Pricing Program Description: Incentive earned on a Product if Customer purchases a minimum of 25% of that Product’s Sales Target Volume for a Contract Year in accordance with the terms and conditions of the Supplier’s FPP. Only those tons with a contract ship month which falls within the current Contract Year, and only those tons purchased in accordance with the terms and conditions of the Supplier’s FPP are eligible for this incentive. If the minimum (or next threshold level e.g., 51%) is satisfied, the then applicable per ton Product incentive is earned on the total eligible volume. Product: Ammonia, urea, UAN solution (as equivalent 28%), DAP, MAP Time of Payment: Forty-five (45) days after the end of the Contract Year, unless actual shipment of the Product purchased enabling the Customer to earn the incentive occurs after the expiration of the Contract Year, whereby payment will then be made within 45 days from the date of the next quarter ending. Incentive Allowance by Product: Table III $ Per Ton FPP tons as a Percent of Annual Sales Target Volume 25% or greater but less than or equal to 50% Greater than 50% but less than or equal to 75% Greater than 75% Ammonia ***** ***** ***** Urea ***** ***** ***** UAN-28 ***** ***** ***** DAP/MAP ***** ***** ***** Exclusion: Ammonia purchases from Supplier’s Tampa Ammonia terminal, UAN solution purchases from Supplier’s terminals at Baltimore, Chesapeake, Wilmington and any future East Coast or Canadian terminal and any vessel purchases delivered to XX Xxxx Xxxxx, XX Xxxx Xxxxx, XX Xxxxx Xxxxx xxx Xxxxxxx Xxxxxx – both actual and Sales Target Volume amounts – are excluded from all calculations for incentive allowances available per Performance Incentive No. 3.
