Common use of Productivity Payment Clause in Contracts

Productivity Payment. 4.5.1 In addition to the Minimum Price or the ACM2 Price (as applicable), a Productivity Payment will be paid monthly by ACM to Supplier if the Supplier meets the conditions for payment set out below. 4.5.2 The Productivity Payment will be paid based on the volume of Milk which the parties anticipate will be supplied under this Agreement throughout the Term as set out in the following table: Total Volume of Milk supplied over 2023/24 0 to 1 million litres > 1 - 2 million litres > 2 – 3 million litres > 3 - 4 million litres > 4 - 5 million litres > 5 - 6 million litres > 6 million litres Productivity Payment per litre Zero 0.5 cents 1 cent 1.5 cents 2 cents 2.5 cents 3 cents 4.5.3 Calculation of any applicable Productivity Payment will be made on the basis of the total amount of Milk supplied by Supplier to ACM during the 2023/2024 financial year. If the Supplier did not supply Milk to ACM during the 2023/2024 year, calculation of any applicable Productivity Payment will be made on the basis of what ACM, acting reasonably and in consultation with Supplier, estimates will be the total amount of Milk to be supplied under this Agreement during the Term.

Productivity Payment. 4.5.1 4.4.1 In addition to the Minimum Price or the ACM2 Price (as applicable), a Productivity Payment will be paid monthly by ACM to Supplier if the Supplier meets the conditions for payment set out below. 4.5.2 4.4.2 The Productivity Payment will be paid based on the volume of Milk which the parties anticipate will be supplied under this Agreement throughout the Term as set out in the following table: Total Volume of Milk supplied over 2023/24 2022/23 0 to 1 million litres > 1 - 2 million litres > 2 – 3 million litres > 3 - 4 million litres > 4 - 5 million litres > 5 - 6 million litres > 6 million litres Productivity Payment per litre Zero zero 0.5 cents 1 cent 1.5 cents 2 cents 2.5 cents 3 cents 4.5.3 4.4.3 Calculation of any applicable Productivity Payment will be made on the basis of the total amount of Milk supplied by Supplier to ACM during the 2023/2024 2022/2023 financial year. If the Supplier did not supply Milk to ACM during the 2023/2024 2022/2023 year, calculation of any applicable Productivity Payment will be made on the basis of what ACM, acting reasonably and in consultation with Supplier, estimates will be the total amount of Milk to be supplied under this Agreement during the Term.

Productivity Payment. 4.5.1 In addition to the Minimum Price or the ACM2 Price (as applicable), a Productivity Payment will be paid monthly by ACM to Supplier if the Supplier meets the conditions for payment set out below. 4.5.2 The Productivity Payment will be paid based on the volume of Milk which the parties anticipate will be supplied under this Agreement throughout the Term as set out in the following table: Total Volume of Milk supplied over 2023/24 0 to 1 million litres > 1 - 2 million litres > 2 – 3 million litres > 3 - 4 million litres > 4 - 5 million litres > 5 - 6 million litres > 6 million litres Productivity Payment per litre Zero zero 0.5 cents 1 cent 1.5 cents 2 cents 2.5 cents 3 cents 4.5.3 Calculation of any applicable Productivity Payment will be made on the basis of the total amount of Milk supplied by Supplier to ACM during the 2023/2024 financial year. If the Supplier did not supply Milk to ACM during the 2023/2024 year, calculation of any applicable Productivity Payment will be made on the basis of what ACM, acting reasonably and in consultation with Supplier, estimates will be the total amount of Milk to be supplied under this Agreement during the Term.