Common use of PERFORMANCE EVALUATION PLAN Clause in Contracts

PERFORMANCE EVALUATION PLAN. 15.1.1 The parties will jointly develop a PERFORMANCE EVALUATION PLAN to assess the performance of selected varieties developed pursuant to this SCHEDULE relative to a jointly agreed upon reference variety (the “STANDARD”), with the goal to determine the percent increase in biomass relative to the STANDARD. A template of the PERFORMANCE EVALUATION PLAN is attached hereto as Attachment B. (a) Either party may propose modifications to the PERFORMANCE EVALUATION PLAN to achieve the mutual goals of assessing the performance and/or range of selected varieties developed pursuant to this SCHEDULE. (b) The MANAGEMENT COMMITTEE shall review the PERFORMANCE EVALUATION PLAN at least annually and modify it as appropriate.