Examples of Productivity Incentive in a sentence
The Productivity Incentive is paid to eligible Exclusive Suppliers monthly based on the amount of Milk Solids accepted by us for each month during the Term.
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 Productivity Incentive, unless there is a different Sharefarmer Supplier or Sharefarmer Suppliers associated with any of the Farms in which case the Productivity Incentive will be calculated and paid on a per Farm basis.
If Milk supplied under this Agreement fails to meet the Quality Standards for Grade 1 Milk, we will also make further deductions from the monthly payments made to you in accordance with section 2.9. For Exclusive Suppliers only, any Productivity Incentive, Growth Incentive, Logistics Incentive or New Milk Incentive (if applicable) will be added by us to the monthly payments made to you, in accordance with sections 2.4, 2.5, 2.6 and Appendix B.
For Exclusive Suppliers paid under MPS 9/3 only Exclusive Suppliers that have selected the MPS 9/3 payment system are eligible to receive a Productivity Incentive.
The Productivity Incentive rate is determined on the basis of $0.02/kg MS per 1,000 kg MS accepted from you for the relevant month.
Non-Exclusive Suppliers and Exclusive Suppliers paid under the MPS Flat 1:2 and MPS Flat 1:1 payment systems are not eligible to receive a Productivity Incentive.
For Exclusive Suppliers only Exclusive Suppliers are eligible to receive a Productivity Incentive.
The rates for the Productivity Incentive are set out in Item 7 of the Details.
If production in a month does not exceed 5,000 kg of Milk Solids, then no Productivity Incentive is paid for that month.
Non-Exclusive Suppliers are not eligible to receive a Productivity Incentive.