New Milk Incentive. Exclusive Suppliers only Exclusive Suppliers are eligible to receive a New Milk Incentive if they satisfy the requirements set out in this section. Non-Exclusive Suppliers are not entitled to a New Milk Incentive. If an Exclusive Supplier is entitled to a New Milk Incentive and there is a Sharefarmer, we will pay you and the Sharefarmer the New Milk Incentive in accordance with the Relevant Percentage. If you are able to increase either or both of the Milk Solids in the Milk accepted by us during any month in the Term compared to the Milk Solids accepted by us during the same month in the previous Financial Year (New Milk Baseline), you will be eligible for a new milk incentive at the rates set out in Item 8 of the Details (New Milk Incentive). The New Milk Incentive will be paid on the amount of Milk Solids in Milk which is accepted by us during each month of the Term over and above the New Milk Baseline. If you are a new supplier to us, the New Milk Baseline applicable for the purpose of calculating the New Milk Incentive in respect of the period from 1 July 2022 to 30 June 2023 is set out in Item 9 of the Details and is based on the evidence provided by you of your supply to your previous processor for that period. You will provide us with updated New Milk Baseline data as and when available from the supply to your previous processor so that the information can be included in the New Milk Baseline table in Item 9 of the Details. If there is more than one Farm listed in Item 1 of the Details, we will group all those Farms together for the purposes of calculating the New Milk Incentive, unless there is a different Sharefarmer Supplier or Sharefarmer Suppliers associated with any of the Farms in which case the New Milk Incentive will be calculated and paid on a per Farm basis.
New Milk Incentive. If the Supplier is able to increase either or both of their Milk Solids in Milk accepted by Tatura during any month in the Term compared to the Milk Solids accepted by Tatura during the same month in the previous Financial Year (New Milk Baseline), the Supplier will be eligible for a new milk incentive at the rates set out in Item 8 of the Details (New Milk Incentive). The New Milk Incentive will be paid at the same time as payments are made under the Applicable Pay Rate. The New Milk Incentive will be paid on the amount of Milk Solids in Milk which is accepted by Tatura during each month of the Term over and above the New Milk Baseline. If the Supplier is a new supplier to Tatura, the New Milk Baseline applicable is set out in Item 9 of the Details and is based on the evidence provided by the Supplier to Tatura of their supply to their previous processor for that period. Suppliers paid under either MPS 1 or MPS 9/3 are eligible to receive the New Milk Incentive. 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 New Milk Incentive, unless there is a different Sharefarmer Supplier or Sharefarmer Suppliers associated with any of the Farms in which case the New Milk Incentive will be calculated and paid on a per Farm basis.
New Milk Incentive. Norco will pay a growth incentive which is calculated and paid quarterly based on the growth in volume in litres of Milk supplied in a quarter during the Supply Period above the volume in litres of Milk supplied in the equivalent quarter in the base year (2020/2021 financial year), in line with the table below. NEW MILK INCENTIVE CPL OF MILK SUPPLIED IN THE QUARTER RATE (CENTS PER LITRE) For the Quarter Jul-Sep 2022 and Quarter Oct-Dec 2022 5.00 For the Quarter Jan-Mar 2023 and Quarter Apr-Jun 2023 15.00 The New Milk Incentive is paid on all in-specification milk.
New Milk Incentive. If the Supplier is able to increase either or both of their Milk Solids in Premium or Choice Milk during any month in the Term compared to the Milk Solids supplied during the same month in the previous Financial Year (New Milk Baseline), the Supplier will be eligible for a new milk incentive at the rates set out in Item 8 of the Details (New Milk Incentive). The New Milk Incentive will be paid at the same time as payments made under the Applicable Pay Rate on total Milk Solids in Premium and Choice Milk which are accepted by Tatura during each month of the Term over and above the New Milk Baseline. If the Supplier is a new supplier to Tatura, the New Milk Incentive Baseline applicable is set out in Item 9 of the Details and is based on the evidence provided by the Supplier to Tatura of their supply to their previous processor for that period. Suppliers paid under either MPS 1 or MPS 9/3 are eligible to receive the New Milk Incentive. 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 New Milk Incentive.
