Productivity Incentive definition

Productivity Incentive means the productivity incentive to be paid in accordance with clause 3(a) and Item 5 of the Details. Supermarket Retailer Own Brand (ROB) Levy means the Supermarket Retailer Own Brand (ROB) Levy to be paid in accordance with clause 3(d) and Item 10. You or Supplier means the person, partnership or corporate entity named on page one of this document as the Supplier. your milk means all of the milk produced at the Farm(s) excluding milk used for the rearing of calves on the Farm(s) or milk used or consumed on the Farm(s) for domestic or household purposes. A reference to the singular includes the plural and a reference to the plural includes the singular. A reference to a person includes a natural person, partnership, firm, body corporate or other entity. Test Result from Result to Demerit points Test Application Total Plate Count (Units 000cfu/ml) 0 15000 0 Highest Official Test per month excluded. Then demerit points (if any) are applied to each other official test. There are normally three official tests each month. 15001 24000 1 24001 39000 2 39001 64000 4 64001 and over 8 Somatic Cell Count or Bulk Milk Cell Count (Units '000/ml) 0 200 0 Average per 10 day Period is calculated. Highest average for the month is excluded. The points are applied to each remaining average. There are normally three weighted averages/month. Milk is not accepted from herds with a recurrent BMCC of 400,000 per ml or more based on current DFMC Milk Policy Guidelines (which is based on EU requirements). 201 250 1 251 300 3 301 350 6 351 400 10 401 and over 15
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Productivity Incentive means the incentive, the details for which are set out in section 2.4. QA System Audit has the meaning in section 6.6(b).
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Productivity Incentive means the incentive, the details for which are set out in section 2.5.
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Examples of Productivity Incentive in a sentence

  • If you have multiple farms, you may elect one farm to which the Productivity Incentive will be credited.

  • If you have multiple farms, DFMC will amalgamate milk solids for the purposes of calculating the Productivity Incentive as long as farms are owned by the one entity.

  • The Productivity Incentive will be paid at the rates set out in Item 5 of the Details.

  • In addition to the Minimum Milk Price, you will be paid a Productivity Incentive based on the total number of milk solids in your milk that you supply to DFMC each Month during the Term that complies with the Quality Standards.

  • The rates for the Productivity Incentive are set out in Item 7 of the Details.

  • The Supplier will not be eligible to receive the Productivity Incentive.

  • The formula to calculate the Productivity Incentive is $0.02 per kg MS per 1000 kg MS supplied during a month.

  • 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.

  • 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.

  • For Exclusive Suppliers only Exclusive Suppliers are eligible to receive a Productivity Incentive.


More Definitions of Productivity Incentive

Productivity Incentive means the productivity incentive to be paid in accordance with clause 3(a) and Item 5 of the Details. Supermarket Retailer Own Brand (ROB) Levy means the Supermarket Retailer Own Brand (ROB) Levy to be paid in accordance with clause 3(d) and Item 6. You or Supplier means the person, partnership or corporate entity named on page one of this document as the Supplier. your milk means all of the milk produced at the Farm(s) excluding milk used for the rearing of calves on the Farm(s) or milk used or consumed on the Farm(s) for domestic or household purposes. A reference to the singular includes the plural and a reference to the plural includes the singular. A reference to a person includes a natural person, partnership, firm, body corporate or other entity. Annexure A – Quality Demerit Points Test Result from Result to Demerit points Test Application Total Plate Count (Units 000cfu/ml) 0 15000 0 Highest Official Test per month excluded. Then demerit points (if any) are applied to each other official test. There are normally three official tests each month. 15001 24000 1 24001 39000 2 39001 64000 4 64001 and over 8 Somatic Cell Count or Bulk Milk Cell Count (Units '000/ml) 0 200 0 Average per 10 day Period is calculated. Highest average for the month is excluded. The points are applied to each remaining average. There are normally three weighted averages/month. Milk is not accepted from herds with a recurrent BMCC of 400,000 per ml or more based on current DFMC Milk Policy Guidelines (which is based on EU requirements). 201 250 1 251 300 3 301 350 6 351 400 10 401 and over 15 Repeat offenders over 50,000 cfu/ml and 400,000 SCC may be suspended. Annexure B – DFMC’s Milk Policy MILK POLICY JULY 2020 DAIRY FARMERS MILK CO-OPERATIVEMETRONOME CONTENTS 1 GLOSSARY 2 2 MILK QUALITY 3 3 ADULTERATED MILK 5 4 MILK SUPPLY SYSTEM 7 5 ANIMAL WELFARE AND COMPLIANCE 11 6 GENERAL 13 7 QUESTIONS 15 8 CONTACT LISTS 15 9 APPENDIX 17 1 GLOSSARY‌ 1.1 ORGANISATIONAL DFMC Dairy Xxxxxx’x Milk Co-operative LDD Lion Dairy and Drinks RM Regional Manager FSO Farm Services Officer $ per kg Fat Dollars per kilogram of fat $ per kg MS Dollars per kilogram of milk solids $ per kg Protein Dollars per kilogram of protein BMCC or SCC Bulk Milk Cell Count or Somatic Cell Count refers to the concentration of white blood cells in the bulk milk and is measured as cells/ml Cfu Colony forming unit Cpl Cents per litre MRL Maximum Residue Levels MS Milk solids MSA Milk Supply Agreement Reference litre Fo...
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Productivity Incentive means the productivity incentive to be paid in accordance with clause 3(a) and Item 5 of the Details. Supermarket Retailer Own Brand (ROB) Levy means the Supermarket Retailer Own Brand (ROB) Levy to be paid in accordance with clause 3(d) and Item 6. You or Supplier means the person, partnership or corporate entity named on page one of this document as the Supplier. your milk means milk produced at the Farm(s). A reference to the singular includes the plural and a reference to the plural includes the singular. A reference to a person includes a natural person, partnership, firm, body corporate or other entity. Annexure A – Quality Demerit Points Test Result from Result to Demerit points Test Application Total Plate Count (Units 000cfu/ml) 0 15000 0 Highest Official Test per month excluded. Then demerit points (if any) are applied to each other official test. There are normally three official tests each month. 15001 24000 1 24001 39000 2 39001 64000 4 64001 and over 8 Somatic Cell Count or Bulk Milk Cell Count (Units '000/ml) 0 200 0 Average per 10 day Period is calculated. Highest average for the month is excluded. The points are applied to each remaining average. There are normally three weighted averages/month. Milk is not accepted from herds with a recurrent BMCC of 400,000 per ml or more based on current DFMC Milk Policy Guidelines (which is based on EU requirements). 201 250 1 251 300 3 301 350 6 351 400 10 401 and over 15 Repeat offenders over 50,000 cfu/ml and 400,000 SCC may be suspended. Annexure B – DFMC’s Milk Policy MILK POLICY JULY 2020 DAIRY FARMERS MILK CO-OPERATIVEMETRONOME CONTENTS 1 GLOSSARY 2 2 MILK QUALITY 3 3 ADULTERATED MILK 5 4 MILK SUPPLY SYSTEM 7 5 ANIMAL WELFARE AND COMPLIANCE 11 6 GENERAL 13 7 QUESTIONS 15 8 CONTACT LISTS 15 9 APPENDIX 17 1 GLOSSARY‌ 1.1 ORGANISATIONAL DFMC Dairy Xxxxxx’x Milk Co-operative LDD Lion Dairy and Drinks RM Regional Manager FSO Farm Services Officer $ per kg Fat Dollars per kilogram of fat $ per kg MS Dollars per kilogram of milk solids $ per kg Protein Dollars per kilogram of protein BMCC or SCC Bulk Milk Cell Count or Somatic Cell Count refers to the concentration of white blood cells in the bulk milk and is measured as cells/ml Cfu Colony forming unit Cpl Cents per litre MRL Maximum Residue Levels MS Milk solids MSA Milk Supply Agreement Reference litre For comparative purposes, a reference litre comprises 4% Fat and 3.2% Protein RAM Ruminant Animal Material Simply Perfect LDD Farm Quality Assurance ...
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Productivity Incentive means the incentive payment of that name, as announced by MGC from time to time and as further described in clause 5.
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Related to Productivity Incentive

  • Availability Incentive Payments has the meaning set forth in the CAISO Tariff.

  • Density bonus means a floor area ratio bonus over the otherwise maximum allowable density permitted under the applicable zoning ordinance and land use elements of the general plan of a city, including a charter city, city and county, or county of:

  • Economic development incentive means a financial incentive,

  • AIP means the Company's Annual Incentive Plan as it exists on the date hereof and as it may be amended, supplemented or modified from time to time or any successor plan.

  • Long-Term Incentive Award means an Award described in Section 6(g) hereof that is based upon a period in excess of one year.

  • STIP means the Company’s short-term incentive plan under Section 8 of the Company’s 2007 Omnibus Incentive Plan, effective May 8, 2007, as may be amended from time to time, or any successor plan, program or arrangement thereto.

  • Incentive Management Fee shall have the meaning set forth in Section 9.2(e) hereof.

  • Incentive Compensation means any compensation that is granted, earned or vested based wholly or in part upon the attainment of a Financial Reporting Measure.

  • Strategic Plan means the plan which the Integration Joint Board is required to prepare and implement in relation to the delegated provision of health and social care services to adults in accordance with section 29 of the Act;

  • Performance Indicators means the indicators for Project monitoring and evaluation set forth in the Operational Manual.

  • Key Executives means Xxxxx Xxxxxxx and Xxxxxxx Xxxxxxxxx, jointly and severally.

  • Performance Monitoring System has the meaning given to it in paragraph 1.1.2 in Part B of Schedule 6 (Service Levels, Service Credits and Performance Monitoring);

  • Goals means the annual level of participation by SBEs in City Contracts as established in this chapter, the SBE Regulations, or as necessary to comply with applicable federal and state nondiscrimination laws and regulations. Goals for individual Contracts may be adjusted as provided for in this chapter and shall not be construed as a minimum for any particular Contract or for any particular geographical area.

  • Incentive Pay means an annual amount equal to the aggregate annual bonus, in addition to Base Pay, made or to be made in regard to services rendered in any calendar year or performance period pursuant to any bonus plan of the Company.

  • MIP has the meaning set forth in Section 3(b) of the Agreement.

  • Long-Term Incentive Plan or “LTIP” means a plan providing compensation intended to motivate performance over a period greater than one financial year. LTIPs do not include option or SAR plans or plans for compensation through shares or units that are subject to restrictions on resale;

  • Average Incentive Compensation means the average of the annual incentive compensation under Subparagraph 3(a) received by Executive for the three (3) immediately preceding fiscal years or such fewer number of complete fiscal years as Executive may have been employed by the Company. In no event shall “Average Incentive Compensation” include any sign-on bonus, retention bonus or any other special bonus. Notwithstanding the foregoing, if the Executive breaches any of the provisions contained in Paragraphs 4 and 5 of this Agreement, all payments of the Severance Amount shall immediately cease. Notwithstanding the foregoing, in the event Executive terminates his employment for Good Reason as provided in Subparagraph 6(e), he shall be entitled to the Severance Amount only if he provides the Notice of Termination provided for in Subparagraph 6(f) within thirty (30) days after the occurrence of the event or events which constitute such Good Reason as specified in clauses (A), (B), (C), (D), (E) and (F) of Subparagraph 6(e);

  • Incentives means those payments made by the Program Administrator to Customers pursuant to the Program and these Terms and Conditions.

  • Key Performance Indicators or “KPIs” means the performance measurements and targets set out in Part 3 of Schedule 1 (Services) of this Framework Agreement;

  • Bid incentive means an amount deducted, for bid evaluation purposes only, from the contract base bid in order to calculate the bid price to be used to evaluate the bid on a competitively bid contract.

  • Incentive means a term or condition whose purpose is to motivate the Contractor to provide supplies or services at lower costs, and in certain instances with improved delivery or technical performance, by relating the amount of profit or fee earned to the Contractor’s performance.

  • Performance Indicator means a measure of HSP performance for which a Performance Target is set; technical specifications of specific Performance Indicators can be found in the MSAA Indicator Technical Specifications document;

  • Management Incentive Plan means 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 Payment means the payment to a STGU, including an AOBC Generation Unit, for RPS class I Renewable Generation Attributes and/or Environmental Attributes produced by these units, calculated pursuant to Section 7.0 below.

  • Covered Executives means the Company’s current and former executive officers, as determined by the Administrator in accordance with the definition of executive officer set forth in Rule 10D-1 and the Listing Standards.

  • Incentive Compensation Plan means any plan, agreement or other arrangement that provides for the grant or issuance of equity or equity-based awards and that is now in effect or is hereafter adopted by the Company or the Manager for the benefit of any of their respective employees or other service providers (including directors, advisers and consultants), or the employees or other services providers (including directors, advisers and consultants) of any of their respective Affiliates or Subsidiaries.