Production Targets Sample Clauses
The Production Targets clause sets specific output goals or benchmarks that a party, typically a manufacturer or supplier, is required to meet within a defined timeframe. It outlines the quantity, quality, and delivery schedule for goods or services, and may include mechanisms for monitoring progress or addressing shortfalls, such as periodic reporting or corrective action plans. This clause ensures that both parties have clear expectations regarding production performance, helping to prevent disputes and maintain consistent supply.
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Production Targets. Production targets referred to in this and other reports are underpinned by estimated Mineral Resources which have been prepared by competent persons in accordance with the requirements of the JORC Code. The production targets in this and other reports are sourced from both Indicated and Inferred Mineral Resources and it should be noted that there is a low geological confidence associated with Inferred Mineral Resources and there is no certainty that further exploration work will result in the determination of Indicated Mineral Resources or that the production target will be realised.
Production Targets. Reservoirs located within the Commercial Field discovered and that have tested as commercial producers.
Production Targets. As of the end of the Investment Period, the Recipient shall have used its CMF Award for Affordable Housing Activities resulting in Affordable Housing, financed and/or supported with a CMF Award, that is set aside to be leased or owned, as applicable, by Eligible-Income Families in a number of units that is no less than the number set forth in Schedule 1 of this Assistance Agreement.
Production Targets i. Production targets will be reviewed quarterly by the review committee made up of the head of department and team leaders from the respective work station and representatives of the local union
ii. The Head of department in consultation with the Supervisor, team leaders and shops stewards could adjust daily targets with reference to circumstance as may be presented.
iii. Achieving or exceeding of daily targets may attract a bonus compensation
iv. Persistent non target achieving workers will first be laid off in case of redundancy or could also not have employment confirmation if casuals or contract renewal upon expiration.
v. Records of target performance will have 50% weight during appraisals.
Production Targets. Are the reservoirs, located within the discovered Commercial Field, and proven as commercial producers.
Production Targets. Stage 2 shall take effect when the most recent 12 month Company production from the MPWRS is greater than the then- current annual production target as determined in Table XV-1 of MPWMD Rule 160 but no greater than 105% of the annual production target. The amount of voluntary reduction shall equal the percentage overage of the annual production.