MPS 1 definition

MPS 1 means the payment system described by that name in Item 4 of the Details and with the associated pricing set out in Item 6 of the Details. MPS 9/3 with Productivity means the payment system described by that name in Item 4 of the Details and with the associated pricing set out in Item 6 of the Details.
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MPS 1 means the payment system described in section 2.3.
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MPS 1 means the payment system described in section 2.3. MPS 9/3 means the payment system described in section 2.3. New Milk Baseline means the new milk baseline as defined in section 2.6. New Milk Incentive means the incentive, the details for which are set out in section 2.6.
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Examples of MPS 1 in a sentence

  • If the Supplier elects to be paid under MPS 1, the Supplier will be eligible to receive the Productivity Incentive.

  • Suppliers paid under either MPS 1 or MPS 9/3 are eligible to receive the New Milk Incentive.

  • If there is a Sharefarmer Supplier under this Agreement, the Tatura Supplier and the Sharefarmer Supplier must both be paid under the same payment system being either MPS 1 or MPS 9/3 and if MPS 9/3 then under the same variation of it.

  • Subject to clause 2.3A, the Supplier has a choice to be paid under one of two payment systems: • MPS 1 (Milk Payment System 1): MPS 1 provides for stronger out of peak payments to support those suppliers with management systems which result in flatter supply patterns.

  • Subject to clause 2.3A below, the Supplier has a choice to be paid under one of two payment systems: • MPS 1 (Milk Payment System 1): MPS 1 provides for stronger out of peak payments to support those suppliers with management systems which result in flatter supply patterns.

  • If there is a Sharefarmer Supplier under this Agreement, the Bega Supplier and the Sharefarmer Supplier must both be paid under the same payment system being either MPS 1 or MPS 9/3 and if MPS 9/3 then under the same variation of it.

  • If there is a Sharefarmer Supplier under this Agreement, the Bega Supplier and the Sharefarmer Supplier must both be paid under the same payment system being either MPS 1 or MPS 2.

  • Suppliers paid under either MPS 1 or MPS 2 are eligible to receive the New Milk Incentive.

  • The Supplier has a choice to be paid under one of two payment systems: • MPS 1 (Milk Payment System 1): MPS 1 provides for stronger out of peak payments to support those suppliers with management systems which result in flatter supply patterns.