Production Point definition
Examples of Production Point in a sentence
Notwithstanding the foregoing and for the purposes of clarity, no Annual Bonus will be paid or accrue for any period of time that precedes the Ethanol Production Point.
Liquefied Natural Gas measured at the Controlled Production Point.
The differences between a shipper’s Production Point NGL components and the weighted average NGL components for all of the Production Points upstream from the various Receipt Points on Transporter’s Facility shall then be adjusted by applying representative component recovery factors to provide a likely NGL volume which would be available after theoretical processing (“Theoretical NGL Recovery”).
For each calendar year during the Term after the first two ethanol production facilities of the Company become operational (the “Ethanol Production Point”), Executive shall be eligible to receive incentive compensation (an “Annual Bonus”) from the Company, with a target bonus opportunity of one hundred seventy-five percent (175%) of Base Salary (pro rated for any portion of the year that occurs after the Ethanol Production Point).
For each calendar year during the Term after the first two ethanol production facilities of the Company become operational (the “Ethanol Production Point”), Executive shall be eligible to receive incentive compensation (an “Annual Bonus”) from the Company, with a target bonus opportunity of two hundred percent (200%) of Base Salary (pro rated for any portion of the year that occurs after the Ethanol Production Point).