Climate Contract Playbook Edition 3
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Additional Definitions Annual Service Payment means the sum in pounds sterling calculated in accordance with [♦]. Business Days means a day other than a Saturday, Sunday or public holiday [in the UK]. Commencement Date means [♦]. Commencement Volume has the meaning given to it in clause 1.2. Employer means [♦]. First Measurement Period means the period of [three (3)/six (6)/twelve (12)] consecutive months commencing on [the Commencement Date/[♦]]. MaximumAt Risk Amount means [♦]% of the Service Payment paid in that Measurement Period. Measurement Period means each period of [three (3)/six (6)/twelve (12)] consecutive months following the expiry of the First Measurement Period. Plastic means a material consisting of a polymer within the meaning of Article 3(5) of Regulation (EC) No 1907/2006, to which additives or other substances may have been added, and which can function as a main structural component of final products, with the exception of natural polymers that have not been chemically modified. Reduction Target has the meaning given to it in clause 1.4. Service Payment Deduction means a deduction from a Service Payment. Service Provider means [♦]. Service Failure means any breach by the Service Provider of its obligations to provide the Services in accordance with this Agreement and in particular in accordance with the Service Level Specifications. Service Payment means the sum in pounds sterling payable by the Employer to the Service Provider for the provision of the Services in accordance with this Agreement. Services means [♦]. Single Use Plastics means a product that is made wholly or partly from Plastic and that is not conceived, designed or placed on the market to accomplish, within its life span, multiple trips or rotations by being returned to the producer for refill or reused for the same purpose for which it was conceived. Supplies means [♦].
Clauses 1. Reduction of Single Use Plastics
1.1 Over the course of the First Measurement Period, the Parties shall assess and identify the volume by weight [and/or other measurements] of Single Use Plastics in the provision of the Services [and/or Supplies] during the First Measurement Period. 1.2 The Parties shall (acting reasonably) agree in writing the volume by weight [and/or other measurements] of Single Use Plastics used in the First Measurement Period and this volume shall be the Commencement Volume. 1.3 The Service Provider shall provide the Employer with a [monthly/quarterly/annual] service report within [five (5) days] [of the end of each Measurement Period] indicating the then current volumes by weight [and/or other measurement]of Single Use Plastic used in the Services.
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