Logistics Incentive Sample Clauses

A Logistics Incentive clause establishes rewards or bonuses for parties who meet or exceed specified logistics-related performance targets, such as timely delivery, efficient handling, or cost savings in transportation. Typically, this clause outlines the criteria for earning incentives, the calculation method for bonuses, and the timeframe for assessment, applying to activities like shipping, warehousing, or supply chain management. Its core function is to motivate parties to optimize logistics operations, thereby improving efficiency and reliability while aligning the interests of all involved parties.
Logistics Incentive. We will pay you a 1.5 cents per litre (cpl) logistics incentive in addition to the Monthly Minimum price in your monthly milk payment, based on the number of litres of Milk you supply us under this Agreement.
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Logistics Incentive. We will pay you the following cents per litre (cpl) Logistics Incentive in addition to the Monthly Minimum price in your monthly milk payment, based on the number of litres of Milk you supply us under this Agreement and the location of your Farm(s) as situated within the below regions:
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Logistics Incentive. We will pay you the following cents per litre (cpl) Logistics Incentive in addition to the Monthly Minimum price in your monthly milk payment, based on the number of litres of Milk you supply us under this Agreement and the location of your Farm(s) as situated within the below regions:
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Related to Logistics Incentive

  • Performance Incentive 4.10.1 If the Seller delivers Coal to the Purchaser in excess of ninety percent (90%) of the ACQ in a particular Year, the Purchaser shall pay the Seller an incentive (“Performance Incentive”/ “PI”), to be determined as follows: PI = P x Additional Deliveries x Multiplier Where: PI = The Performance Incentive payable by the Purchaser to the Seller P = The Base Price of Highest Grade, as shown in Schedule II Additional Deliveries = Quantity [in tonnes] of Coal delivered by the Seller in the relevant Year in excess of 90% of the ACQ. Multiplier shall be 0.15 for Additional Deliveries between 90%-95% of ACQ and 0.30 for Additional Deliveries in excess of 95% of ACQ. 4.10.2 With respect to part of a Year in which the term of this Agreement begins or ends, the relevant quantities in Clause 4.10.1, except the Multiplier, shall apply pro-rata. 4.10.3 Within thirty (30) days of expiry of a Year, the Seller shall submit an invoice to the Purchaser with respect to the PI payable in terms of Clause 4.10.1 and the Purchaser shall pay the amount so due within thirty (30) days of the receipt of the invoice. In the event of non-payment of PI by the due date, the Seller shall have the right to suspend Coal supplies without absolving the Purchaser of its obligations under this Agreement.

  • Long-Term Incentive Program During the Term, the Employee shall participate in all long-term incentive plans and programs of the Group that are applicable to its senior executives in accordance with their terms and in a manner consistent with his position with the Company.

  • Management Incentive Plan “Management Incentive Plan” shall mean the Company’s bonus program, as implemented by the Company’s board of directors from time to time and pursuant to which the Executive may receive incentive-based compensation at fiscal year end.

  • Incentive Program Members who are rated as either Level I, Level II or Level III in every phase of the Physical Fitness Test are eligible to participate in the Incentive Program.

  • Long-Term Incentive Plans During the Employment Period, the Executive shall be eligible to participate in any long term incentive compensation plan maintained by the Company on the terms established from time to time by the Board or the Compensation Committee of the Board, as applicable.