Project/Milestones Clause Samples
The project-milestones clause defines key stages or deliverables that must be completed during the course of a project. It typically outlines specific tasks, deadlines, and criteria for evaluating progress, such as submitting a prototype by a certain date or achieving regulatory approval before moving to the next phase. This clause ensures that both parties have a clear understanding of expectations and timelines, helping to track progress and manage accountability throughout the project.
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Project/Milestones. Taxpayer is a wholesale produce importer, processor, and distributor. Taxpayer has certified in its application that absent award of the California Competes Tax Credit, its project may occur in another state. Further, Taxpayer has certified that at least 75% of its net increase of full-time employees will work at least 75% of the time in Fresno. Fresno was an Area of High Unemployment and/or an Area of High Poverty at the time Taxpayer submitted its application. In consideration for the Credit, Taxpayer agrees to hire full-time employees and invest in tenant improvements, solar panels, vehicles, heavy equipment, and computer equipment as part of its expansion in Fresno, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”). In addition, Taxpayer must maintain the three (3) employee-based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full- Time Employees Hired,” and “Cumulative Average Annual Wage of California Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full- time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Wage of California Full-time Employees Hired,” Taxpayer may use the wages of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Wage of California Full-time
Project/Milestones. Taxpayer provides refrigerated warehousing and logistic distribution services to clients throughout the United States. In consideration for the Credit, Taxpayer agrees to invest in a new refrigeration and distribution facility in the ▇▇▇▇▇▇▇▇▇ Park area of Sacramento, California, and hire full-time employees (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” Taxpayer may use the salaries of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the salary of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.
Project/Milestones. Taxpayer is a package delivery and global supply chain management company. In consideration for the Credit, Taxpayer agrees to hire full-time employees and invest in a facility and specialized equipment as part of its expansion in Moreno Valley, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full- time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Wage of California Full-time Employees Hired,” Taxpayer may use the wages of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Wage of California Full-time
Project/Milestones. Taxpayer provides architectural and urban design services for the healthcare, education, and commercial industries. In consideration for the Credit, Taxpayer agrees to hire full-time employees and invest in computer equipment, software licenses, furniture and fixtures, office space, and tenant improvements as part of its expansion in Sacramento and Roseville, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full- time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” Taxpayer may use the salaries of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time
Project/Milestones. Taxpayer is an HVAC installation and repair service company. In consideration for the Credit, Taxpayer agrees to hire full-time employees and invest in office space, vehicle accessories, vehicles, furniture and fixtures, and computer equipment as part of its expansion in Auburn, Elk Grove, Fairfield, Manteca, and Mather, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full- time Employees Hired,” Taxpayer may use the salaries of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the salary of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.
Project/Milestones. Taxpayer, located in Anaheim, California, is a complete HVAC and plumbing contracting firm that specializes in large-scale commercial industrial projects. In consideration for the Credit, Taxpayer agrees to expand its warehouse facility and office headquarters. In addition, Taxpayer will invest in tenant improvements, manufacturing equipment, computer equipment, vehicles and hire full time employees to support its expansion (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit “A” (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full- time Employees Hired,” Taxpayer may use the salaries of any of the Full-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by the taxpayer for the entire taxable year shall be annualized.
Project/Milestones. Taxpayer offers planning, civil engineering, and land surveying services. In consideration for the Credit, Taxpayer agrees to hire full-time employees and invest in construction equipment, vehicles, and computer equipment as part of its expansion in Roseville, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” Taxpayer may use the salaries of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time
Project/Milestones. Taxpayer is a manufacturer and distributor of eyeglass lenses. In consideration for the Credit, Taxpayer agrees to hire full-time employees and invest in manufacturing equipment, computer equipment, furniture and fixtures, and tenant improvements as part of its expansion in Torrance and Los Angeles County, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Wage of California Full-time Employees Hired,” Taxpayer may use the wages of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Wage of California Full-time Employees Hired” and
Project/Milestones. The Taxpayer, located in Modesto, California, designs, engineers, and installs integrated computer systems for industrial businesses, predominantly in the food and beverage industries. In consideration for the Credit, Taxpayer agrees to invest in software licenses, computer equipment, and the expansion of its facility in Modesto, California. Additionally, Taxpayer will hire full-time employees to support its expansion goals (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit “A” (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” Taxpayer may use the salaries of any of the Full-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by the taxpayer for the entire taxable year shall be annualized.
Project/Milestones. The ROCU Modern Slavery Programme Lead and the Police Transformation Unit Commander are responsible for delivering specific milestones in accordance with the Programmes Key Deliverables. Each team’s milestones are captured within an overarching Project Plan, recording activity running up until the end of the grant funding period. The Project Plan is agreed by the Programme Senior Responsible Officer (SRO) and is reviewed and maintained on a quarterly basis through the MS Programme Board. The Project Plan is a live document that can be amended through a formal change control process which is governed by the MS Programme Board. The Project Plan can be made accessible to participating bodies upon request, at the discretion of the Programme Director, on behalf of the Programme SRO.