Incentive Agreements Sample Clauses
Incentive Agreements. Subtenant shall not violate any of the Incentive Agreements. In addition, Subtenant shall comply with all covenants and obligations, on behalf of Sublandlord, under the Incentive Agreements pertaining to the Subleased Space, Subtenant’s operations at the Project (collectively, the “Subtenant Incentive Obligations”), including, without limitation, the timely provision of any and all employment information related to Subtenant’s employees required for submission pursuant to any compliance reports or other obligations under the Incentive Agreements and all insurance and maintenance requirements. Subtenant shall indemnify, defend and hold harmless the Landlord and Sublandlord from and against all third party claims (including, but not limited to, claims by the County) and resulting liabilities arising or resulting from Subtenant’s violation of the Incentive Agreements or Subtenant’s failure to comply with and satisfy all of the Subtenant Incentive Obligations or Subtenant’s default under this section or any of the Incentive Agreements. Notwithstanding anything to the contrary, Subtenant agrees to maintain seventy-five percent (75%) (“Subtenant’s QJ Share”) of the “Qualifying Jobs” as that term is defined in the Incentive Agreements, and Sublandlord agrees to maintain twenty-five percent (25%) (“Sublandlord’s QJ Share”) of the Qualifying Jobs.
(i) Subtenant shall pay any increase in the PILOT Payments owed by Sublandlord, any increase in the Project Property Taxes owed by Sublandlord, and any other amounts owed by Sublandlord under the Incentive Agreements (collectively, the “Incentive Recapture Obligation”) to the extent the Incentive Recapture Obligation is due solely to Subtenant’s violation of the Incentive Agreements, the Subtenant Incentive Obligations or this section;
(ii) Sublandlord shall pay any Incentive Recapture Obligation to the extent the Incentive Recapture Obligation is due solely to Sublandlord’s violation of the Incentive Agreements or this section; and
(iii) If Sublandlord and Subtenant both fail to maintain the number of Qualifying Jobs required under this section, based on Subtenant’s QJ Share and Sublandlord’s QJ Share, and there is any Incentive Recapture Obligation owed by Sublandlord due to such failure, then Subtenant shall pay a portion of such amounts as determined by the following formula:
(A) multiply Subtenant’s QJ Share by the total number of Qualifying Jobs required to be maintained in the applicable year pursuant to the Incent...
Incentive Agreements. There can be made additional incentive agreements according to Telenor’s at any time prevailing policy.
Incentive Agreements. Employee shall be eligible to participate in stock or other incentive programs of Employer made available to similarly situated employees of the Employer generally which provide opportunities to receive cash and/or stock incentives on terms and conditions that are substantially similar to the terms and conditions applicable to similarly situated employees of the Employer generally.
Incentive Agreements. In the event of any conflict or ambiguity between the terms of this Agreement and the terms of a specific Local Incentive agreement, the terms of the Local Incentive agreement shall prevail.
Incentive Agreements. Copies of the Incentive Agreement have been provided to Buyer as part of the Property Information From and after the Closing Date, Buyer agrees to assume the obligations, agreements, covenants and restrictions under the CRA Agreement as to the Property, which Buyer shall evidence such assumption by executing an assumption agreement substantially in the form of "Assumption Agreement" attached as Exhibit C to the CRA Agreement, which is also attached hereto as Exhibit B (as may be modified pursuant to Seller's undertaking set forth below). Buyer acknowledges and agrees that from and after the Closing Date, Buyer, as the Owner (as defined in the TIF Agreement) of the Property, shall be responsible for payment of Service Payments (as defined in the TIF Agreement) under the TIF Agreement as to the Property, but Seller shall retain all other obligations and all benefits of the Company under the TIF Agreement, including, without limitation, the Company's right to reimbursement from Service Payments Buyer also acknowledges that Buyer will not be assigned and will not assume the obligations, agreements, covenants and restrictions of Seller or the Company under the Compensation Agreement or the JEDZ Reimbursement Agreement. Seller hereby discloses to Buyer, and Buyer hereby acknowledges and agrees that:
a. the Property is subject to an income tax levied by the JEDZ Board, which income tax is levied based on income earned by persons working in the JEDZ and on the net profits of business located in the JEDZ;
b. the rate of income tax is the rate levied by the City in effect on the date of adoption of resolution levying the income tax;
c. from and after the Closing, Buyer and Buyer's employees, if any, working at the Property will be subject to the income tax levied by the JEDZ Board;
d. the Compensation Agreement prohibits lessees and assignees of the Property from challenging the validity of the agreement creating the JEDZ or the JEDZ income tax;
e. Buyer shall be subject to the obligations of Seller under Section 4 of the Compensation Agreement to the same extent as is Seller; and
f. notwithstanding the Closing, except as expressly provided otherwise in this Section 4.10 of this Agreement, Seller and/ or Company, as applicable, shall retain all benefits and obligations of Seller and/or Company under the Incentive Documents. Seller and/or Company shall have the right to further modify or assign to Seller some or all of the Incentive Agreements during the pendency of ...
Incentive Agreements. Prior to Substantial Completion, Landlord will comply with the terms of the Incentive Agreements and file all forms and take all actions necessary for Tenant to realize the benefit of the incentives granted under the Incentive Agreements. In addition, Landlord shall cause Contractors and all of their respective subcontractors, vendors and suppliers furnishing materials, supplies or other items in connection with ▇▇▇▇▇▇▇▇’s Work to submit all forms and take all actions necessary for Tenant to realize the benefit of all sales tax abatements and rebates granted under the Incentive Agreements.
Incentive Agreements. Seller shall retain or assume, as applicable, responsibility for payment of any bonus or other incentive compensation payable with respect to a Transferred Employee under any bonus or other incentive compensation plan or program maintained by ACS or its Affiliates (including the Acquired Entities or ACS Defense) (an "ACS Bonus Program") to the extent such payment relates to a period prior to the Closing. Prior to the Closing, Seller shall, or shall cause its Affiliates to, terminate any bonus or other incentive compensation program maintained by an Acquired Entity or ACS Defense to the extent such plan or program would be applicable to Transferred Employees.
Incentive Agreements. An Incentive Agreement (IA) is a joint statement of the plans, intentions, and commitments of the Agencies and the participant regarding the implementation of any requested regulatory flexibility or other incentives. The IA contains detailed information necessary for the implementation of any regulatory flexibility. It is not a legally binding document or contract, and does not create legal rights or obligations for the signatories. Any IA that outlines regulatory flexibility must also be accompanied by a legally enforceable and binding document. Utah DEQ will take the lead in specifically defining the purpose and details of any proposed flexibility through a Clean Utah! IA. EPA will take the lead in specifically defining the purpose and details of any proposed flexibility through a NEPT IA. The Agencies will jointly identify the appropriate legal mechanisms that render the regulatory flexibility effective. The designated representatives from Utah DEQ and EPA will meet as necessary to identify the most efficient legal mechanisms consistent with federal and
Incentive Agreements. Borrower has furnished to the Administrative Agent true, complete and correct copies of the Incentive Agreements, which Agreements are unmodified and in full force and effect. Borrower and Co-Borrower have engaged in discussions with Osceola County to amend and modify the PIP to create a direct economic incentive-based agreement with the intention of alleviating the requirement of a bond validation process. Borrower and Co-Borrower do not anticipate that the substantive economic terms of the PIP will be changed in connection with such amendment. Borrower and Co-Borrower acknowledge and agree that they will not cause, permit or agree to any amendment to the PIP without the prior consent of the Administrative Agent, which shall not be unreasonably withheld or delayed.
Incentive Agreements. Not later than May 15, 2000 the Company shall have entered into the Incentive Cash Compensation Agreements and the Incentive Stock Agreements. Such agreements shall be prepared by Telecomm, conform to the principal terms set forth on Exhibit 4.11 and be in form and substance reasonably satisfactory to PentaStar.