Common use of MONITORING OF THIS AGREEMENT Clause in Contracts

MONITORING OF THIS AGREEMENT. 12.1 Operation of the Performance Related Payments scheme will be monitored by the parties on a periodic basis. 12.2 The parties agree to treat information relating to business performance as confidential. 12.3 Should the situation arise whereby disagreement arises about the operation of the scheme, the matter will be progressed by the parties through the procedures for resolving issues and disputes. 12.4 In the event of a catastrophe (such as a major fire) which occurs after performance ranges have been set for a quarter, there will be a review of the performance ranges so that they are "reasonably achievable" notwithstanding the effects of the catastrophe.

MONITORING OF THIS AGREEMENT. 12.1 Operation of the Performance Related Payments scheme Scheme will be monitored by the parties on a periodic basis. 12.2 The parties agree to treat information relating to business performance as confidential. 12.3 Should the situation arise whereby disagreement arises about the operation of the scheme, the matter will be progressed by the parties through the procedures Procedures for resolving issues Resolving Issues and disputesDisputes. 12.4 In the event of a catastrophe (such as a major fire) which occurs after performance ranges have been set for a quarter, there will be a review of the performance ranges so that they are "reasonably achievable" notwithstanding the effects of the catastrophe.