Common use of Measuring Clause in Contracts

Measuring. The baseline number of Middle-Wage Jobs on the Subject Properties is 754 per the Quarterly Census of Employment and Wages of 2022. Net Middle-Wage Jobs are new jobs meeting the above criteria created on the Subject Properties over the baseline. For each reporting year (5, 7, 12), if there are fewer than 754, baseline jobs, than the net Middle-Wage Job Quota for that reporting year will increase by a corresponding amount.

Appears in 2 contracts

Sources: Public Benefits Agreement, Public Benefits Agreement

Measuring. The baseline number of Middle-Wage Jobs on the Subject Properties is 754 per the Quarterly Census of Employment and Wages of 2022. Net Middle-Wage Jobs are new jobs meeting the above criteria created on the Subject Properties over the baseline. For each reporting year (57, 710, 12), if there are fewer than 754, baseline jobs, than the net Middle-Wage Job Quota for that reporting year will increase by a corresponding amount.

Appears in 1 contract

Sources: Public Benefits Agreement