Volume Incentive definition

Volume Incentive has the meaning given in clause 6(b). “$” means Australian dollars.

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Volume Incentive shall have the meaning ascribed in Section 4(a) hereof.

Volume Incentive. This incentive may be earned by individual customers with annual spend of $1M or greater. Districts and multi-unit customers who make purchasing decisions as a group are considered one entity and may earn volume incentive based on group, district, or system total annual spend. Volume Incentive for K-12 and Early Learning determines their mark-up schedule and are reflected in the schedule. (see fee per case schedule). Annual Volume $1-$2M= -.25% Annual Volume $2-$3M= -.40% Annual Volume $3-$5M= -.60% Annual Volume $5M+ = -.75% Prompt Pay Incentive: US Foods offers SOURCEWELL members a Prompt Pay off invoice incentive. This incentive can be applied off invoice in the form of a line-item deduction off the total invoice or can be paid in the form of a credit memo upon request. The payments incentives listed below would be applied as a percentage to each invoice as earned and are re-evaluated on a quarterly basis. A program upcharge for DSO performance of 31 days+ would be reflected as an increase in the applicable program fee per case schedule. Incentive: 0-10 day DSO= -.30% 11-15 day DSO= -.25% 16-20 day DSO= . -10% 21-30 day DSO= 0% Upcharge: 31-45 day DSO= .25% 46-60 day DSO= .50% Prepayment incentive= -.60% Average Delivery Size: This incentive is calculated using each delivery location's average delivery size over a period of one quarter, based on purchasing practices for the previous quarter. This incentive can be applied off invoice in the form of a line-item deduction off the total invoice or can be paid in the form of a quarterly credit memo upon request. Avg delivery size $3000-$3499= -.15% Avg delivery size $3500-$3999= -.25% Avg delivery size $4000-$5499= -.35% Avg delivery size $5500-$6999= -.50% Avg delivery size $7000-$10999= -.65% Avg delivery size $11000-$15999= -.95%

Examples of Volume Incentive in a sentence

However, the Supplier is only allowed to claim for the Volume Incentive under one agreement.
Subject to any contribution to the breach by the Company, the Supplier will not be entitled to any compensation or payment as a consequence of any such termination, other than payment for milk already supplied and the pro rata payment of any entitlement to the Volume Incentive.
Should there be more than one agreement between the Supplier and the Company for the supply of milk solids, the Volume Incentive shall be calculated based on the combined quantity of all existing agreements between the parties.
Title: NY–NJ/Chilean Line Containerized Banana Volume Incentive Agreement.
The Company will pay a Volume Incentive in accordance with clause 9(b) and Appendix 2, provided the Supplier supplies the Company with the agreed quantities of milk solids.
If the PPI or the FERC Oil Pipeline Index is no longer published, the HollyFrontier Entities and the Partnership Entities shall negotiate in good faith to agree on a new index that gives comparable protection against inflation or deflation and the same method of adjustment for increases in the new index shall be used to calculate increases in the Minimum Pipeline Revenue Commitment, tariff rates, the Volume Incentive Tariff, Tankage Revenue Commitment, or Roswell Terminal Payment, as applicable.
The amount of the Volume Incentive Payment will be calculated and paid quarterly (the “Quarterly Payment”) and will be equal to three (3%) percent of the incremental amount of purchases of Products over and above the level of purchases of Products from such Seller in the same Seller fiscal quarter for the preceding fiscal year.
A committee of three representatives of the Board and three representatives of the Union will meet to make recommendations for a process to study the feasibility of implementing a TTC Volume Incentive Program.
The tariff rates specified in Section 2(b)(i) and the Volume Incentive Tariff shall be adjusted on the first day of each Contract Year (commencing on July 1, 2008 in the case of tariff rates and commencing July 1, 2010 in the case of the Volume Incentive Tariff), by an amount equal to the percentage change, if any, between the two (2) immediately preceding calendar years, in the FERC Oil Pipeline Index.
To evidence the Parties’ agreement to each adjusted Minimum Pipeline Revenue Commitment, tariff rate, Volume Incentive Tariff, Tankage Revenue Commitment, or Roswell Terminal Payment, the Parties may, but shall not be required to execute an amended, modified, revised or updated Schedule or Exhibit, as applicable and attach it to this Agreement.

More Definitions of Volume Incentive

Volume Incentive as defined in Section 4.3.

Volume Incentive. If more than 100,000 tons of coal are shipped in any Contract Period, Carrier will refund $[xxx] NT on all tons shipped during such Contract Period. Such amount shall be due within thirty (30) days after the receipt of the verification certificate referred to in Paragraph 7 hereof.

Volume Incentive has the meaning ascribed in section 4(a).

Volume Incentive. Volume Achievement Forecast: $12M 4% CERTIFICATION INCENTIVE: Gold (3%) Silver (2%) 3% SPECIALIZATION INCENTIVE: WAN (2%) ___% Security (including Advanced Security and VPNs) (2%) ___% SNA/IP (2%) ___% Voice Access (2%) ___% Network Management (2%) ___% Wireless LAN (2%) 2% Cable (2%) ___% IP Telephony (2%) 2%