Common use of Productivity Incentive Clause in Contracts

Productivity Incentive. For Exclusive Suppliers only Exclusive Suppliers are eligible to receive a Productivity Incentive. Non-Exclusive Suppliers are not eligible to receive a Productivity Incentive. If you are eligible for a Productivity Incentive and there is a Sharefarmer, we will pay you and the Sharefarmer the Productivity Incentive in accordance with the Relevant Percentage. The rates for the Productivity Incentive are set out in Item 7 of the Details. The rate applicable during a Financial Year will be based on your Forecasted Volume for that Financial Year. The Productivity Incentive will then be calculated and paid monthly at that rate in relation to each of the Farm(s) on an individual basis based on the Forecasted Volume for that month. Where your actual monthly Milk volume is less or more than your monthly Forecasted Volume for one or more months during a Financial Year, we may, with your written agreement, apply a revised Productivity Incentive rate for the remainder of the Financial Year if it is apparent that your anticipated actual Milk volume for the Financial Year will qualify you for a different Productivity Incentive rate band set out in Item 7 of the Details. The Productivity Incentive that may be payable for the final July and August of the Term shall be calculated at the Productivity Incentive rate applicable for the final June of 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 in the manner described above, 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.

Productivity Incentive. For Exclusive Suppliers only Exclusive Suppliers are eligible to receive a Productivity Incentive. Non-Exclusive Suppliers are not eligible to receive a Productivity Incentive. If you are eligible for a Productivity Incentive and there is a Sharefarmer, we will pay you and the Sharefarmer the Productivity Incentive in accordance with the Relevant Percentage. The rates for the Productivity Incentive are set out in Item 7 of the Details. The rate applicable during a Financial Year will be based on your Forecasted Volume for that Financial Year. The Productivity Incentive will then be calculated and paid monthly at that rate in relation to each of the Farm(s) on an individual basis based on the Forecasted Volume for that month. Where your actual monthly Milk volume is less or more than your monthly Forecasted Volume for one or more months during a Financial Year, we may, with your written agreement, apply a revised Productivity Incentive rate for the remainder of the Financial Year if it is apparent that your anticipated actual Milk volume for the Financial Year will qualify you for a different Productivity Incentive rate band set out in Item 7 of the Details. The Productivity Incentive that may be payable for the final July and August of the Term shall be calculated at the Productivity Incentive rate applicable for the final June of 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 in the manner described aboveIncentive, 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.