Examples of milk solids in a sentence
During the Term, we will pay you the Monthly Minimum Prices set out in Item 6 of the Details for Milk supplied to us, based on both the Milk Solids and total litres of that Milk.
If production in a month does not exceed 3,000 kg of Milk Solids, then no Productivity Incentive is paid for that month.
If you commence supplying Bega part way through a Financial Year, then the Growth Incentive will be calculated based on: • your Prior Deemed Milk Supply as set out in Item 12 of the Details; and • Milk Solids in Milk accepted by us during the applicable Growth Incentive Period, (Total Annual Milk).
The New Milk Incentive will be paid on the amount of Milk Solids in Milk which is accepted by us during each month of the Term over and above the New Milk Baseline.
The Growth Incentive is calculated on any increase in either or both of the Milk Solids which are accepted by us in each Growth Incentive Period over and above the average of the relevant Milk Solids in such Milk supplied during the previous two Financial Years (Growth Incentive Baseline).
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 you are able to increase either or both of the Milk Solids in the Milk accepted by us during any month in the Term compared to the Milk Solids accepted by us during the same month in the previous Financial Year (New Milk Baseline), you will be eligible for a new milk incentive at the rates set out in Item 8 of the Details (New Milk Incentive).
When production in a month exceeds 3,000 kg of Milk Solids, then the Productivity Incentive will be paid on all the Milk Solids you supplied in that month.
If you are a new supplier to us or you have not been a supplier to us for the previous two Financial Years, you will be taken to have supplied to us the Milk Solids set out in Item 11 of the Details during the previous two Financial Years for the purposes of calculating the Growth Incentive.
The method for determining the Productivity Incentive rate to be paid per kg of Milk Solids (including the maximum rate) is set out in Item 7 of the Details.