Monsanto loyalty program

Unless otherwise specifically identified in specific BayerValue Programs, eligible products for all BayerValue Programs for each Crop Season must be purchased between October 1 of the year prior to the Crop Season and September 30 of the Crop Season and used in the applicable Crop Season on the land referenced in the definition of grower and identified by the grower to Bayer. Products that have been purchased from Retail and then returned or resold are not eligible under the BayerValue Program.

Grower will earn or obtain entitlements under the BayerValue Program only where the grower and all Partners qualify for and meet all terms and conditions of the BayerValue Program. Bayer takes commercially reasonable efforts to provide for the accuracy of payments.

As all calculations for total rebates are based on the purchase information supplied at a given point in time, adjustments to these purchase credits are always a possibility due to a variety of factors not necessarily under the control of Bayer. For any debits owing to the grower from a Crop Season that is outstanding as of March 31 of the next Crop Season, Bayer will endeavor to pay such amounts within 30 days. Any debits incurred after that date will be processed as part of the then current Crop Season.

If a grower has discrepancies to report respecting a payment received, the grower must report these within 60 days of receiving payment, after which date the grower will agree that Bayer shall not be obligated to issue any credit for or provide payment respecting any discrepancies.

Growers can call Bayer toll-free at or email us at rebate. Replacement cheques will not be provided nor owed to the grower. Notwithstanding anything in this BayerValue Program, Bayer may delay payment of any entitlements earned under the BayerValue Program until the cumulative amount owing to a grower exceeds certain minimal amounts determined by Bayer CropScience from time to time in its sole discretion. Bayer shall endeavor to make payment of such earned entitlements at the next scheduled issuance of BayerValue payments.

Transactional Information Bayer will verify all transactions. Where payments are made using transactional data as supplied by the Retailer, payment will only be made on data that has been validated by such Retailer. The grower acknowledges that Bayer may contact the Retail from which the grower purchased product relevant to the BayerValue Program to confirm and obtain the particulars for and documentation of such sale s.

Grower agrees that Bayer and its agents may utilize electronic means and technology computer systems, internet applications, etc. Where approved Retail does not supply Bayer with required information, grower shall submit copies of invoices or receipts for all applicable product purchases prior to any BayerValue Program payment. The terms and conditions of the BayerValue Program shall apply to Other Grower Programs unless and to the extent otherwise determined and communicated by Bayer.

In the event of any inconsistency between the terms and conditions of the BayerValue Program and of the Other Grower Programs, the terms and conditions of the BayerValue Program shall prevail unless and to the extent otherwise determined and communicated by Bayer. If the grower wishes to revoke consents associated with Required Purposes or Other Purposes the grower may: expressly advise the Bayer privacy officer at rebate. Any personal information provided by the grower under the BayerValue Program, will be collected, used and disclosed by Bayer in accordance with applicable privacy legislation, Bayer privacy policies and the stated purposes for which such information was sought.

Bayer shares information with the Bayer Group for specific purposes specified in the terms and conditions. For further information on the nature of the Affiliated Services please contact the Bayer privacy officer using the contact information outlined below.

Bayer may also use cloud-based Affiliated Services from third parties. The BayerValue Program terms and conditions do not derogate from or vary the terms of the TSA and the terms and conditions of the TSA remain separately enforceable as against growers and Partners. Hide comments. More information about text formats. Text format Comments Plain text.

Web page addresses and e-mail addresses turn into links automatically. Lines and paragraphs break automatically. Leave this field blank. Hartke and former sales executive Jonathan W. Nienas also agreed to pay civil penalties for Stay ahead of the curve In the legal profession, information is the key to success. Access to case data within articles numbers, filings, courts, nature of suit, and more.

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Sign up now for free access to this content Enter your details below and select your area s of interest to stay ahead of the curve and receive Law's daily newsletters. First Name Last Name. Password at least 8 characters required Confirm Password. Already have access? In fiscal Monsanto also offered distributors a rebate on their total purchase of Roundup if they met specific volume targets.

Each distributor had a separate agreement. Throughout the firm accrued substantial amounts for the rebates in accord with the applicable accounting standards. The rebates were to be recognized as a reduction of Roundup revenue for the year. In the last few months of the year, however, the company reversed a large portion of the accruals because seven customers failed to meet their goals. The next year Monsanto created a program for the seven customers to earn back the rebates.

The rebates were prepaid. With three customers the firm entered into side agreements under which they failed to meet the minimum targets for the program but were promised the rebates.

This meant that in Monsanto reversed the accruals, boosting earnings. At the same time the company deferred recording the rebate liabilities.