Common use of Project/Milestones Clause in Contracts

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

Appears in 2 contracts

Sources: California Competes Tax Credit Allocation Agreement, California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a wholesale produce importerfood producer and full line grocery store chain, processor, and distributor. Taxpayer has certified in proposing to expand 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 applicationin- house food manufacturing. In consideration for the Credit, Taxpayer agrees to maintain at least 44 full-time employees, determined on an annual full-time equivalent basis, at its Merced food manufacturing facility; and, to hire full-time employees and invest in a research and development equipment, manufacturing equipment, tenant improvements, solar panels, vehicles, heavy equipment, and computer equipment a facility as part of its expansion in FresnoMerced and/or Riverside, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy that for the purposes of satisfying the milestones as described in Exhibit A (“Milestones”). In addition, Taxpayer will only count jobs and investment at its Merced food manufacturing facility and/or a new food manufacturing facility in Riverside, and that no other jobs or investment at any retail or other facility can be counted. For the purposes of calculating the number of full-time employees, no employee transferred from another affiliate, facility, or entity owned, related to, or controlled by the Taxpayer shall be included in the calculation. Taxpayer shall not be entitled to any portion of the Credit if it fails to maintain at least 44 full-time employees, determined on an annual full-time equivalent basis, at its Merced facility for the entire duration of the agreement. Further, Taxpayer agrees to satisfy the Milestones and 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

Appears in 2 contracts

Sources: California Competes Tax Credit Allocation Agreement, California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a wholesale produce importerdevelops and manufactures various products for use in the defense, processor, aerospace 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 applicationsecurity industries. In consideration for the Credit, Taxpayer agrees to expand its operations at various locations throughout California, including El Segundo, Redondo Beach, Palmdale, Sunnyvale, Woodland Hills, Azusa and Rancho ▇▇▇▇▇▇▇▇. As part of its expansion, Taxpayer will invest in manufacturing equipment, computer and electrical equipment and make tenant improvements to the above facilities. Additionally, Taxpayer will 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 “A” (“Milestones”). In addition, Taxpayer ) and 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- Full- time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Wage Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Wage Salary of California Full-time Employees Hired,” Taxpayer may use the wages salaries of any of the fullFull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Wage Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Wage Salary of California Full-timetime Employees Hired,” the salary of any full-time employee that is not employed by the taxpayer for the entire taxable year shall be annualized. In addition, ▇▇▇▇▇▇▇▇ agrees that any full-time employee hired after the effective date of this agreement that is a “qualified full-time employee” (as defined in RTC section 23636) shall be excluded from the calculation of the net increase of full-time employees required by this Agreement if Taxpayer claims the credit allowed by RTC section 23636.

Appears in 2 contracts

Sources: California Competes Tax Credit Allocation Agreement, California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a wholesale produce importer, processor, and distributorlithium metal cells manufacturer. Taxpayer has certified in its application that absent award of the California Competes Tax CreditGrant, 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 CreditGrant, Taxpayer ▇▇▇▇▇▇▇▇ agrees to hire full-time employees and invest in tenant improvements, solar panels, vehicles, heavy research and development equipment, laboratory equipment, manufacturing equipment, facilities, and computer equipment tenant improvements as part of its expansion in Fresno, San Leandro and an unknown location in 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

Appears in 1 contract

Sources: California Competes Grant Agreement

Project/Milestones. Taxpayer is a wholesale produce importer, processor, commercial solar and distributorbattery energy storage system manufacturer. Taxpayer has certified in its application that absent award of the California Competes Tax Credit, its project may occur in another state. Further; and, Taxpayer has certified that at least 75% it may terminate all or a portion of its net increase employees in California or relocate all or a portion of full-time its 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 applicationCalifornia to another state. In consideration for the Credit, Taxpayer agrees to hire full-time employees and invest in tenant improvementsa facility, solar panelsmanufacturing equipment, laboratory equipment, software licenses, computer equipment, research & development equipment, furniture and fixtures, vehicles, intellectual property, heavy equipment, and computer equipment tenant improvements as part of its expansion in FresnoCampbell and the Central Valley, 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- 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- 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-timetime Employees Hired,” the wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage 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.

Appears in 1 contract

Sources: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a wholesale produce importerdesigner and manufacturer of footwear, processorapparel, and distributoraccessories for outdoor sports and work environments. Taxpayer has certified in its application that absent award of the California Competes Tax Credit, its project may will 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 improvementsoffice space, solar panels, vehicles, heavy computer equipment, furniture and computer equipment fixtures, and tenant improvements as part of its expansion in FresnoSan Leandro, 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- 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- 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-timetime Employees Hired,” the wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage 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.

Appears in 1 contract

Sources: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer Taxpayer, located in San Diego, California, is a wholesale produce importer, processor, pharmaceutical manufacturer and distributorcontract filler of drugs in syringes/vials. Taxpayer has certified in its application that absent award of the California Competes Tax Credita CCTC award, its project it may occur in another state. Further, Taxpayer has certified that at least 75% terminate or relocate all or a portion 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 applicationCalifornia. In consideration for the Credit, Taxpayer agrees to invest in tenant improvements, laboratory instruments, furniture, software licenses, manufacturing equipment, and 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 ) and 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- full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Wage Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Wage Salary of California Full-time Employees Hired,” Taxpayer may use the wages salaries of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Wage Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Wage Salary of California Full-timetime 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.

Appears in 1 contract

Sources: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a wholesale produce importerdesigns and manufactures custom chassis, processorspecialty automobiles, and distributortruck bodies for fleet vehicles. Taxpayer has certified in its application that absent award of the California Competes Tax Credit, its project may occur in another state. Further; and, Taxpayer has certified that at least 75% it may terminate all or a portion of its net increase employees in California or relocate all or a portion of full-time its 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 applicationCalifornia to another state. In consideration for the Credit, Taxpayer agrees to hire full-time employees and invest in tenant improvements, solar panels, vehicles, heavy equipment, and computer manufacturing equipment as part of its expansion in Fresno▇▇▇▇▇▇ and Montebello, 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-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-timetime Employees Hired,” the wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage 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.

Appears in 1 contract

Sources: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a wholesale produce importer, processor, and distributorbracelet manufacturer. Taxpayer has certified in its application that absent award of the California Competes Tax CreditCCTC, its project may occur in another state. Further; and, Taxpayer has certified that at least 75% it may terminate all or a portion of its net increase employees in California or relocate all or a portion of full-time its 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 applicationCalifornia to another state. In consideration for the Credit, Taxpayer agrees to hire full-time employees and invest in tenant improvements, solar panels, vehicles, heavy equipmentfurniture and fixtures, and computer equipment as part of its expansion in FresnoLakewood, 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-employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full- 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- 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-timetime Employees Hired,” the wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage 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.

Appears in 1 contract

Sources: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a wholesale produce importer, processor, and distributorrenewable hydrogen manufacturer. 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 FresnoLancaster. Fresno Lancaster 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 manufacturing equipment as part of its expansion in FresnoLancaster, 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- 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- 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-timetime Employees Hired,” the wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage 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.

Appears in 1 contract

Sources: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a wholesale produce importer, processor, and distributoran exercise equipment manufacturer. Taxpayer has certified in its application that absent award of the California Competes Tax Credit, its project may occur in another state; and, it may terminate all or a portion of its employees in California or relocate all or a portion of its employees in California to 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 manufacturing equipment, software licenses, and computer equipment tenant improvements 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

Appears in 1 contract

Sources: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a wholesale produce importer, processor, service provider of live and distributoron-demand streaming for media organizations. 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 Fresnothe city of San ▇▇▇▇ Obispo. Fresno San ▇▇▇▇ Obispo 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 improvementssoftware licenses, solar panels, vehicles, heavy computer equipment, and computer equipment office space as part of its expansion in FresnoSan Luis Obispo, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”). In addition, Taxpayer ) and 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- 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-timetime Employees Hired,” the wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage 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.

Appears in 1 contract

Sources: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a wholesale produce importer, processor, and distributormedical device manufacturer. 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 taxpayer submitted its application. In consideration for the Credit, Taxpayer agrees to hire full-time employees and invest in intellectual property and tenant improvements, solar panels, vehicles, heavy equipment, and computer equipment improvements 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-employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full- 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- 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-timetime Employees Hired,” the wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed

Appears in 1 contract

Sources: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a wholesale produce importer, processor, biotechnology research and distributordevelopment business that engineers microalgae to make biofuels. Taxpayer has certified in its application that absent award of the California Competes Tax CreditGrant, its project may occur in another state. Further, Taxpayer has certified that at least 75% of its net increase of full-full- time employees will work at least 75% of the time in FresnoCalipatria. Fresno Calipatria was an Area of High Unemployment and/or an Area of High Poverty at the time Taxpayer submitted its application. In consideration for the CreditGrant, Taxpayer ▇▇▇▇▇▇▇▇ agrees to hire full-time employees and invest in tenant improvements, solar panels, vehicles, heavy equipment, research and computer development equipment and facilities as part of its expansion in FresnoCalipatria and La Jolla, 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

Appears in 1 contract

Sources: California Competes Grant Agreement

Project/Milestones. Taxpayer is a wholesale produce importer, processor, and distributordrone manufacturer. Taxpayer has certified in its application that absent award of the California Competes Tax Credit, its project may occur in another state. Further; and, Taxpayer has certified that at least 75% it may terminate all or a portion of its net increase employees in California or relocate all or a portion of full-time its 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 applicationCalifornia to another state. In consideration for the Credit, Taxpayer agrees to hire full-time employees and invest in tenant improvementssoftware licenses, solar panelsmanufacturing equipment, vehiclesfurniture and fixtures, heavy research and development equipment, and computer equipment tenant improvements as part of its expansion in FresnoHayward and San Mateo, 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- Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full-Full- Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full- 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-timetime Employees Hired,” the wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage 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.

Appears in 1 contract

Sources: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a wholesale produce importer, processor, and distributorlight rail vehicle manufacturer. 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, a facility and computer manufacturing equipment and as part of its expansion in FresnoPittsburg, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”). Taxpayer disclosed that it may enter into a Co-Employer Agreement with an unknown professional employer organization (PEO) to administer Taxpayer’s employee management responsibilities. For purposes of satisfying the milestones, terms, and conditions of this Agreement, Taxpayer is deemed the legal employer of those employees with whom Taxpayer and any future PEO, share joint employment. In addition, Taxpayer must maintain the three (3) employee-employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full- 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- 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-timeand

Appears in 1 contract

Sources: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a wholesale produce importeran underwater camera, processorlighting equipment, 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 applicationsurveillance system manufacturer. In consideration for the Credit, Taxpayer agrees to hire full-time employees and invest in facilities, tenant improvements, solar panelsfurniture and fixtures, computer equipment, software licenses, vehicles, heavy equipment, and computer manufacturing equipment as part of its expansion in FresnoSan Diego, 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-employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full- 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- 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-timetime Employees Hired,” the wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage 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.

Appears in 1 contract

Sources: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is operates a wholesale produce importer, processor, number of websites that provide family history and distributorgenealogical research services. Taxpayer has certified in its application that absent award of the California Competes Tax CreditCCTC, 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 computer equipment, software licenses, and computer equipment furniture and fixtures as part of its expansion in FresnoSan Francisco, 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-employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full- 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- 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-timeand

Appears in 1 contract

Sources: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a wholesale produce importercoffee roaster and tea purveyor located in Oakland, processor, and distributorCalifornia. Taxpayer has certified in its application that absent award of the CCTC, it may terminate all or a portion of its employees in California Competes Tax Credit, or relocate all or a portion of its employees in California to another state and the 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 expand its operations through the purchase or lease of a new facility near Stockton or Oakland, California. As part of this expansion, Taxpayer will invest in manufacturing equipment and make tenant improvements to its new facility. Additionally, Taxpayer will 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 “A” (“Milestones”). In addition, Taxpayer ) and 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- Full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Wage Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Wage Salary of California Full-time Employees Hired,” Taxpayer may use the wages salaries of any of the fullFull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Wage Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Wage Salary of California Full-timetime Employees Hired,” the salary of any full-time employee that is not employed by the taxpayer for the entire taxable year shall be annualized.

Appears in 1 contract

Sources: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a wholesale produce importerdevelops and produces animated films used for advertising on television, processorinternet, and distributorlive events. Taxpayer has certified in its application that absent award of the California Competes Tax Credit, its project may will occur in another state. Further; and, Taxpayer has certified that at least 75% it may terminate all or a portion of its net increase employees in California or relocate all or a portion of full-time its 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 applicationCalifornia to another state. In consideration for the Credit, Taxpayer agrees to hire full-time employees and invest in tenant improvements, solar panels, vehicles, heavy computer equipment, software licenses, and computer equipment furniture and fixtures as part of its expansion in FresnoCulver City, 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-employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full- 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- 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-timetime Employees Hired,” the wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage 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.

Appears in 1 contract

Sources: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a wholesale produce importer, processor, and distributormillimeter-wave power amplifier manufacturer for wireless communication networks. Taxpayer has certified in its application that absent award of the California Competes Tax Credit, its project may occur in another state; and, it may terminate all or a portion of its employees in California or relocate all or a portion of its employees in California to 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 FresnoDavis. 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 manufacturing equipment, and computer equipment a facility as part of its expansion in FresnoDavis, 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- Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full-Full- Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full- 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-timetime Employees Hired,” the wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage 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.

Appears in 1 contract

Sources: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a wholesale produce importer, processor, battery energy storage system designer and distributorassembler. Taxpayer has certified in its application that absent award of the California Competes Tax Credit, its project may occur in another state. Further; and, Taxpayer has certified that at least 75% it may terminate all or a portion of its net increase employees in California or relocate all or a portion of full-time its 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 applicationCalifornia to another state. In consideration for the Credit, Taxpayer agrees to hire full-time employees and invest in a facility, tenant improvements, solar panelssoftware licenses, vehicles, heavy computer equipment, and computer manufacturing equipment as part of its expansion in FresnoRancho Santa Margarita, 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- 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- 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-timetime Employees Hired,” the wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage 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.

Appears in 1 contract

Sources: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a wholesale produce importerfull service general engineering contractor, processorlocated in West Sacramento, California, that specializes in all types of drilling and distributor. Taxpayer has certified in its application that absent award of the California Competes Tax Creditshoring, its project may occur in another state. Furtherincluding sheet pile, 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 applicationbeam and plate/lagging, soil nailing and deep excavation. In consideration for the Credit, Taxpayer agrees to invest in trucks, construction/excavation equipment, and to hire full-time employees and invest in tenant improvements, solar panels, vehicles, heavy equipment, and computer equipment as part of to support its expansion in Fresno, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”). In addition, Taxpayer ) and 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- full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Wage Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Wage Salary of California Full-time Employees Hired,” Taxpayer may use the wages salaries of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Wage Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Wage Salary of California Full-timetime 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.

Appears in 1 contract

Sources: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is produces large containers made from corrugated cardboard with a wholesale produce importerwaterproof liner. These "boxes" can be used by aircraft with cargo capacity to drop water on wildfires; or, processorwhen filled with gravel, 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 applicationfor emergency flood control barriers. In consideration for the Credit, Taxpayer agrees to invest in manufacturing equipment, facility construction, and tenant improvements, and 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 ) and 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- full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Wage Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Wage Salary of California Full-time Employees Hired,” Taxpayer may use the wages salaries of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Wage Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Wage Salary of California Full-timetime 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.

Appears in 1 contract

Sources: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a wholesale produce importerdesigns, processormanufactures, and distributorconstructs prefabricated modular housing units with a focus on moderate and low-income households. 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, manufacturing equipment and computer equipment a facility as part of its expansion in Fresno, an unknown location in 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-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

Appears in 1 contract

Sources: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a wholesale produce importersemiconductor manufacturing equipment research, processordevelopment, and distributormanufacturing business. Taxpayer has certified in its application that absent award of the California Competes Tax CreditGrant, 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 CreditGrant, Taxpayer agrees to hire full-time employees and invest in tenant improvements, solar panels, vehicles, heavy equipment, facilities and computer research and development equipment as part of its expansion in FresnoSunnyvale, Fremont, and Santa Clara, 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-timetime Employees Hired,” the wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage 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.

Appears in 1 contract

Sources: California Competes Grant Agreement

Project/Milestones. Taxpayer is a wholesale produce importer, processor, and distributordata management software developer. 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 office space, tenant improvements, solar panelsfurniture and fixtures, vehicles, heavy computer equipment, and computer equipment software licenses as part of its expansion in Fresnothe Bay Area, 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- 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- 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-timetime Employees Hired,” the wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage 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.

Appears in 1 contract

Sources: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a wholesale produce importer, processor, retail and distributoronline apparel company. 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, California. 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, furniture and computer equipment fixtures and facility improvements as part of its expansion at its distribution facility in Fresno, California and its headquarters in San Francisco, California (collectively, the “Project”). Taxpayer agrees that for the purposes of satisfying the milestones in Exhibit A (“Milestones”), Taxpayer will only count jobs and investment at its Fresno distribution facility and its headquarters in San Francisco, and that no other jobs or investment at any other facility or retail location can be counted. For the purposes of calculating the number of full-time employees at its Fresno distribution facility and San Francisco headquarters, no employee of Taxpayer transferred to its Fresno distribution facility and/or San Francisco headquarters from any other facility or retail location in California or employee employed at the Fresno distribution facility and/or San Francisco headquarters that was previously employed by Taxpayer at any other facility or retail location in California shall be included in the calculation. Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”). In addition, Taxpayer must maintain the three (3) employee-employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full- Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full-Full- Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full- 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-timethan

Appears in 1 contract

Sources: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a wholesale produce importer, processor, prepares and distributordelivers meal kits that include fresh organic ingredients with recipes for customers to ▇▇▇▇ at home. Taxpayer has certified in its application that absent award of the California Competes Tax CreditCCTC, its project may occur in another state. Further, Taxpayer has certified in its application that at least 75% of its net increase of full-time employees will work at least 75% of the time in the city of 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 computer equipment, a facility, tenant improvements, solar panels, vehicles, heavy equipment, and computer food processing 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 ) and 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- 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-timetime Employees Hired,” the wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage 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.

Appears in 1 contract

Sources: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a wholesale produce importer, processor, and distributorrare earth minerals mining company. 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, manufacturing equipment and computer equipment software as part of its expansion in FresnoMountain Pass, 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-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

Appears in 1 contract

Sources: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a wholesale produce importer, processor, and distributoran electric vehicle charging station manufacturer. Taxpayer has certified in its application that absent award of the California Competes Tax Credit, its project may will occur in another state; and, it will terminate all or a portion of its employees in California or relocate all or a portion of its employees in California to 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 intellectual property, research and development equipment, computer equipment, manufacturing equipment, software licenses, furniture and fixtures, vehicles, tenant improvements, solar panels, vehicles, heavy equipment, and computer equipment a facility 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-employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full- 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- 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-timeand

Appears in 1 contract

Sources: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is will construct a wholesale produce importer, processor, facility on the Salton Sea to extract lithium and distributorother minerals from geothermal brine. Taxpayer has certified in its application that absent award of the California Competes Tax Credit, it may terminate all or a portion of its project may occur employees in California or relocate all or a portion of its employees in California to 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 FresnoCalipatria and Imperial. Fresno was Calipatria and Imperial were each 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 a facility as part of its expansion in FresnoCalipatria and Imperial, 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- 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- 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-timetime Employees Hired,” the wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage 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.

Appears in 1 contract

Sources: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a wholesale produce importer, processor, manufacturer of parts and distributormechanical components used in process and motion control and water management. Taxpayer has certified in its application that absent award of the California Competes Tax Credit, its project may occur in another state. Further; and, Taxpayer has certified that at least 75% it may terminate all or a portion of its net increase employees in California or relocate all or a portion of full-time its 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 applicationCalifornia to another state. In consideration for the Credit, Taxpayer agrees to hire full-time employees and invest in manufacturing equipment, facilities, tenant improvements, solar panels, vehicles, heavy equipment, and computer research and development equipment as part of its expansion in FresnoSimi Valley, Ontario, and Paso ▇▇▇▇▇▇, 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-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

Appears in 1 contract

Sources: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a wholesale produce importerdeveloper, processormanufacturer, and distributormarketer of medical technology products focused on the treatment of neurovascular diseases and cerebral aneurysms. Taxpayer has certified in its application that absent award of the California Competes Tax Credit, its project may will 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 panelsfurniture and fixtures, vehicles, heavy computer equipment, software licenses, and computer equipment facilities as part of its expansion in FresnoAliso Viejo, 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- 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- 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-timetime Employees Hired,” the wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage 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.

Appears in 1 contract

Sources: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a wholesale produce importerTaxpayer, processorlocated in Stockton and La Habra, California, manufactures and distributor. Taxpayer has certified distributes chemical sanitation products used primarily 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 applicationfood and dairy industries. In consideration for the Credit, Taxpayer agrees to invest in tenant improvements, fleet vehicles, computer equipment, software licenses, office furniture, laboratory instruments, forklifts, bulk storage tanks, packaging equipment, a soft water system, a piping system and other manufacturing equipment related to sanitation of food processing equipment. Taxpayer will also reconstruct its existing facility in La Habra, California, to improve fleet vehicle access points. Additionally, Taxpayer will hire full-time employees and invest in tenant improvements, solar panels, vehicles, heavy equipment, and computer equipment as part of to support its expansion in Fresno, California goals (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A “A” (“Milestones”). In addition, Taxpayer ) and 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- Full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Wage Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Wage Salary of California Full-time Employees Hired,” Taxpayer may use the wages salaries of any of the fullFull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Wage Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Wage Salary of California Full-timetime Employees Hired,” the salary of any full-time employee that is not employed by the taxpayer for the entire taxable year shall be annualized.

Appears in 1 contract

Sources: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a wholesale produce importer, processor, rocket manufacturer and distributorsatellite launch service provider. Taxpayer has certified in its application that absent award of the California Competes Tax Credit, its project may will occur in another state. Further; and, Taxpayer has certified that at least 75% it may terminate all or a portion of its net increase employees in California or relocate all or a portion of full-time its 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 applicationCalifornia to another state. In consideration for the Credit, Taxpayer agrees to hire full-time employees and invest in tenant improvementsfurniture and fixtures, solar panelsmanufacturing equipment, vehicles, heavy research and development equipment, and computer equipment tenant improvements as part of its expansion in FresnoAlameda, Fairfield, and ▇▇▇▇▇▇▇▇▇▇ Air Force Base, 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- 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- 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-timetime Employees Hired,” the wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed

Appears in 1 contract

Sources: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a wholesale produce importer, processor, and distributormobile battery energy storage system manufacturer. Taxpayer has certified in its application that absent award of the California Competes Tax Credit, its project may occur in another state. Further; and, Taxpayer has certified that at least 75% it may terminate all or a portion of its net increase employees in California or relocate all or a portion of full-time its 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 applicationCalifornia to another state. In consideration for the Credit, Taxpayer ▇▇▇▇▇▇▇▇ agrees to hire full-time employees and invest in manufacturing equipment and tenant improvements, solar panels, vehicles, heavy equipment, and computer equipment improvements as part of its expansion in FresnoRichmond and Los Angeles, 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- 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- 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-timetime Employees Hired,” the wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage 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.

Appears in 1 contract

Sources: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a wholesale produce importer, processor, pharmaceutical developer and distributor. Taxpayer has certified manufacturer specializing 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 applicationvaccines and gene therapies. In consideration for the Credit, Taxpayer agrees to hire full-time employees and invest in a facility and tenant improvements, solar panels, vehicles, heavy equipment, and computer equipment improvements as part of its expansion in FresnoCarlsbad, 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-employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full- 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- 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-timetime Employees Hired,” the wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage 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.

Appears in 1 contract

Sources: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a wholesale produce importer, processor, develops 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 applicationintends to manufacture electric vehicles including competitive racing and electric consumer automobiles. In consideration for the Credit, Taxpayer ▇▇▇▇▇▇▇▇ agrees to hire full-time employees and invest in tenant improvementscomputer and manufacturing equipment, solar panelsreal property, furniture and fixtures, vehicles, heavy equipment, and computer equipment tenant improvements as part of its expansion in Fresnoat various locations throughout California, California including Gardena, Rancho ▇▇▇▇▇▇▇▇▇, and San ▇▇▇▇ (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”). In addition, Taxpayer ) and 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- full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Wage Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Wage Salary of California Full-Full- time Employees Hired,” Taxpayer may use the wages salaries of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Wage Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Wage Salary of California Full-timetime 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.

Appears in 1 contract

Sources: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a wholesale produce importer, processor, and distributorhealthcare provider focusing on the healthcare needs of veterans. Taxpayer has certified in its application that absent award of the California Competes Tax Credit, its project may occur in another state. FurtherSpecifically, Taxpayer has certified administers the federal Patient-Centered Community Care program that at least 75% of its net increase of full-time employees will work at least 75% of makes civilian provider networks available to supplement the time in Fresno. Fresno was an Area of High Unemployment and/or an Area of High Poverty at the time Taxpayer submitted its applicationVeterans Administration medical centers. In consideration for the Credit, Taxpayer ▇▇▇▇▇▇▇▇ agrees to invest in furniture and fixtures, software licenses, computer equipment, and tenant improvements, and hire full-time employees and invest in tenant improvements, solar panels, vehicles, heavy equipment, and computer equipment as part of its expansion in FresnoRancho ▇▇▇▇▇▇▇ and San Diego, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”). In addition, Taxpayer ) and 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- full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Wage Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Wage Salary of California Full-time Employees Hired,” Taxpayer may use the wages salaries of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Wage Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Wage Salary of California Full-timetime 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.

Appears in 1 contract

Sources: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a wholesale produce importer, processor, and distributorflooring product manufacturer. Taxpayer has certified in its application that absent award of the California Competes Tax Credit, its project may occur in another state. Further; and, Taxpayer has certified that at least 75% it may terminate all or a portion of its net increase employees in California or relocate all or a portion of full-time its 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 applicationCalifornia to another state. In consideration for the Credit, Taxpayer agrees to hire full-time employees and invest in manufacturing equipment, vehicles, tenant improvements, solar panels, vehicles, heavy equipment, and computer equipment a facility as part of its expansion in FresnoOrange, 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- 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- 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-timetime Employees Hired,” the wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage 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.

Appears in 1 contract

Sources: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a wholesale produce importer, processor, and distributormapping software developer. Taxpayer has certified in its application that absent award of the California Competes Tax CreditCCTC, its project may will occur in another state. Further; and, Taxpayer has certified that at least 75% it may terminate all or a portion of its net increase employees in California or relocate all or a portion of full-time its 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 applicationCalifornia to another state. In consideration for the Credit, Taxpayer ▇▇▇▇▇▇▇▇ agrees to hire full-time employees and invest in tenant improvementsfurniture and fixtures, solar panels, vehicles, heavy equipmentsoftware licenses, and computer equipment as part of its expansion in FresnoIrvine, 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-employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full- 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- 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-timetime Employees Hired,” the wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage 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.

Appears in 1 contract

Sources: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a wholesale produce importer, processor, and distributorquartz slab manufacturer. Taxpayer has certified in its application that absent award of the California Competes Tax CreditGrant, its project may occur in another state; and, it may terminate all or a portion of its employees in California or relocate all or a portion of its employees in California to 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 FresnoBarstow. Fresno Barstow was an Area of High Unemployment and/or an Area of High Poverty at the time Taxpayer submitted its application. In consideration for the CreditGrant, Taxpayer ▇▇▇▇▇▇▇▇ agrees to hire full-time employees and invest in tenant improvements, solar panels, vehiclesfacilities, heavy equipment, and computer manufacturing equipment as part of its expansion in FresnoBarstow, 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

Appears in 1 contract

Sources: California Competes Grant Agreement

Project/Milestones. Taxpayer is a wholesale produce importer, processor, designer and distributor. Taxpayer has certified in its application that absent award manufacturer 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 applicationtechnical outdoor apparel for water sports and highly specialized protective apparel for government and military customers. In consideration for the Credit, Taxpayer agrees to hire full-time employees and invest in tenant improvements, solar panels, vehicles, heavy manufacturing equipment, furniture and computer equipment fixtures, and software licenses as part of its expansion in FresnoArcata, 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-employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full- 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- 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-timetime Employees Hired,” the wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage 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.

Appears in 1 contract

Sources: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a wholesale produce importerdesigns and manufactures custom chassis, processorspecialty automobiles, and distributortruck bodies for fleet vehicles. Taxpayer has certified in its application that absent award of the California Competes Tax Credit, its project may occur in another state. Further; and, Taxpayer has certified that at least 75% it may terminate all or a portion of its net increase employees in California or relocate all or a portion of full-time its 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 applicationCalifornia to another state. In consideration for the Credit, Taxpayer ▇▇▇▇▇▇▇▇ agrees to hire full-time employees and invest in tenant improvements, solar panels, vehicles, heavy equipment, and computer manufacturing equipment as part of its expansion in Fresno▇▇▇▇▇▇ and Montebello, 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-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-timetime Employees Hired,” the wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage 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.

Appears in 1 contract

Sources: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a wholesale produce importer, processor, and distributorpower conversion technology developer. Taxpayer has certified in its application that absent award of the California Competes Tax Credit, its project may occur in another state. Further; and, Taxpayer has certified that at least 75% it may terminate all or a portion of its net increase employees in California or relocate all or a portion of full-time its 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 applicationCalifornia to another state. In consideration for the Credit, Taxpayer agrees to hire full-time employees and invest in tenant improvements, solar panels, vehicles, heavy computer equipment, furniture and computer equipment fixtures, software licenses, manufacturing equipment, office space, and tenant improvements as part of its expansion in FresnoRedwood City, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”). Taxpayer disclosed that it is engaged in a Co-Employer Agreement with a professional employer organization (PEO) to administer Taxpayer’s employee management responsibilities. For purposes of satisfying the milestones, terms, and conditions of this Agreement, Taxpayer is deemed the legal employer of those employees with whom Taxpayer and PEO share joint employment. In addition, Taxpayer must maintain the three (3) employee-based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full- 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- 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-timetime Employees Hired,” the wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage 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.

Appears in 1 contract

Sources: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is recycles plastic waste into a wholesale produce importervariety of products, processorincluding oil, fuel, diesel, and distributorsteel. Taxpayer has certified in its application that absent award of the California Competes Tax Credit, its project may will 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 improvementsland, solar panels, vehicles, heavy equipmentfacilities, and computer manufacturing equipment as part of its expansion in FresnoAdelanto, Redding, and additional unknown locations in 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-timetime Employees Hired,” the wage of any full-time employee that is not employed by Taxpayer for the entire taxable

Appears in 1 contract

Sources: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a wholesale produce importermanufactures precision casting parts for computers, processorjewelry, radar, and distributoraerospace equipment in Burbank, California. Taxpayer has certified in its application that absent award of the CCTC, it may terminate or relocate all or a portion of its employees in California Competes Tax Credit, its project may occur in to 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 invest in tenant improvements, purchase manufacturing equipment, and 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 ) and 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- full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Wage Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Wage Salary of California Full-time Employees Hired,” Taxpayer may use the wages salaries of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Wage Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Wage Salary of California Full-timetime 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.

Appears in 1 contract

Sources: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a wholesale produce importermaterial handling provider that sells and installs pallet racking, processorcantilever racking, mezzanines, conveyors, and distributorpermit services to distribution and warehouse companies. 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 Fresnothe city of Perris. Fresno Perris was an Area area of High Unemployment high unemployment and/or an Area of High Poverty poverty at the time Taxpayer submitted its application. In consideration for the Credit, Taxpayer agrees to hire full-time employees and invest in tenant improvementssoftware licenses, solar panelsfleet vehicles, vehiclesfurniture and fixtures, heavy equipment, manufacturing equipment, tenant improvements, and computer equipment a facility as part of its expansion in FresnoPerris, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”). In addition, Taxpayer ) and 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- 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

Appears in 1 contract

Sources: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a wholesale produce importer, processor, and distributorcardboard manufacturer. 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 manufacturing equipment, and computer equipment as part of its expansion in FresnoModesto, 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- Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full-Full- Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full- 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-timetime Employees Hired,” the wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage 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.

Appears in 1 contract

Sources: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a wholesale produce importerfull-service boatyard, processorsupporting multiple sectors in the maritime industry including yachts, commercial and distributorgovernment ships; focused primarily on repairing and constructing boats up to 220’ in two boatyards located in Chula Vista and National City, California. Taxpayer has certified in its application that absent award of the CCTC, it may terminate all or a portion of its employees in California Competes Tax Credit, or relocate all or a portion of its project may occur employees in California to 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 expand its business through investment in new and upgraded boat docks, heavy equipment, and make tenant improvements to both of its California facilities. Additionally, Taxpayer will 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 “A” (“Milestones”). In addition, Taxpayer ) and 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- Full-time employees, determined on an annual full-full- time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Wage Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Wage Salary of California Full-time Employees Hired,” Taxpayer may use the wages salaries of any of the fullFull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Wage Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Wage Salary of California Full-timetime Employees Hired,” the salary of any full-time employee that is not employed by the taxpayer for the entire taxable year shall be annualized.

Appears in 1 contract

Sources: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a wholesale produce importer, processor, develops and distributorbuilds bio-conversion facilities. 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 facilities as part of its expansion in FresnoMerced, Hanford, and Lemoore, 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-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

Appears in 1 contract

Sources: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a wholesale produce importer, processor, and distributorrare earth minerals mining company. 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, manufacturing equipment and computer equipment software as part of its expansion in FresnoMountain Pass, 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-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

Appears in 1 contract

Sources: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a wholesale produce importer, processor, healthcare information technology 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 applicationrevenue management service provider. In consideration for the Credit, Taxpayer agrees to invest in computer equipment and software licenses throughout California, and hire full-time employees and invest in tenant improvements, solar panels, vehicles, heavy equipment, and computer equipment as part of its expansion in FresnoCarlsbad, Garden Grove, and Culver City, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”). In addition, Taxpayer ) and 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- full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Wage Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Wage Salary of California Full-Full- time Employees Hired,” Taxpayer may use the wages salaries of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Wage Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Wage Salary of California Full-timetime 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. Notwithstanding any other provision of this Agreement to the contrary, in addition to the “Total California Full-Time Employees” and the corresponding “Net Increase of Full- Time Employees Compared to the Base Year,” as identified in Exhibit A, Taxpayer agrees to employ additional California full-time employees pursuant to an agreement (provided to GO-Biz on October 5, 2015) with a 3rd party as follows: 756, 1,300, and 1,300 California full-time employees in its 2017, 2018, and 2019 taxable years ▇▇▇▇ ▇ ▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ respectively, determined on an annual full-time equivalent basis. The Credit award and allocation will be subject to this additional requirement and the three year maintenance provisions of section 4.

Appears in 1 contract

Sources: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a wholesale produce importer, processor, titanium and distributoraluminum forger of large aerospace parts. Taxpayer has certified in its application that absent award a CCTC award, it may terminate or relocate all or a portion of the California Competes Tax Creditits employees in California; and, 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 invest in tenant improvements, purchase manufacturing equipment, and 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 ) and 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- full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Wage Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Wage Salary of California Full-time Employees Hired,” Taxpayer may use the wages salaries of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Wage Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Wage Salary of California Full-timetime 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.

Appears in 1 contract

Sources: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a wholesale produce importerbiotechnology company that formulates vaccines, processorantibodies, proteins, and distributorpeptides. Taxpayer has certified in its application that absent award of the California Competes Tax CreditCCTC, its project may occur in another state. Further; and, Taxpayer has certified that at least 75% it may terminate all or a portion of its net increase employees in California or relocate all or a portion of full-time its 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 applicationCalifornia to another state. In consideration for the Credit, Taxpayer ▇▇▇▇▇▇▇▇ agrees to hire full-time employees and invest in manufacturing equipment and tenant improvements, solar panels, vehicles, heavy equipment, and computer equipment improvements as part of its expansion in FresnoCamarillo, 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-employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full- 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- 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-timetime Employees Hired,” the wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage 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.

Appears in 1 contract

Sources: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer designs and implements enterprise grade “experience-as-a-service” marketing platforms. Specifically, these platforms send customized information to the user’s smartphone or other wireless device while the customer is participating in some type of event, such as a wholesale produce importertheme park, processorproviding the user with coupons and reminders of show start times, while simultaneously tracking what the user saw 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 applicationexperienced. In consideration for the Credit, Taxpayer agrees to invest in office space, computer equipment, and furniture and fixtures, and hire full-time employees and invest in tenant improvements, solar panels, vehicles, heavy equipment, and computer equipment as part of its expansion in FresnoSan Diego, California California. (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”). In addition, Taxpayer ) and 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- full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Wage Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Wage Salary of California Full-time Employees Hired,” Taxpayer may use the wages salaries of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Wage Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Wage Salary of California Full-timetime 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.

Appears in 1 contract

Sources: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a wholesale produce importervisual effects service provider for the film, processortelevision, commercial, and distributorgaming industry. Taxpayer has certified in its application that absent award of the California Competes Tax Credit, its project may occur in another state. FurtherSpecifically, Taxpayer has certified that at least 75% of its net increase of fulloffers visual representations, such as sketches and diagrams for complex sequences or shots, 3D animation and effects, matte painting and digital environment creation, and high-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 applicationend compositing and finishing. In consideration for the Credit, Taxpayer agrees to invest in computer equipment, software licenses, office furniture, and tenant improvements for its facility in Burbank, California. In addition, Taxpayer agrees to hire full-time employees and invest in tenant improvements, solar panels, vehicles, heavy equipment, and computer equipment as part of to support its expansion in Fresno, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”). In addition, Taxpayer ) and 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- full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Wage Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Wage Salary of California Full-time Employees Hired,” Taxpayer may use the wages salaries of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Wage Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Wage Salary of California Full-timetime 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.

Appears in 1 contract

Sources: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a wholesale produce importer, processor, manufacturer and distributoroperator of high-speed passenger train systems. 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 improvementsfacilities, solar panels, vehiclesmanufacturing equipment, heavy equipment, furniture and computer equipment fixtures, and vehicles as part of its expansion in FresnoVictorville or Apple Valley, 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-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

Appears in 1 contract

Sources: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a wholesale produce importer, processor, paper envelope and distributorpaper drinking straw manufacturer. Taxpayer has certified in its application that absent award of the California Competes Tax Credit, its project may occur in another state. Further; and, Taxpayer has certified that at least 75% it may terminate all or a portion of its net increase employees in California or relocate all or a portion of full-time its 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 applicationCalifornia to another state. In consideration for the Credit, Taxpayer agrees to hire full-time employees and invest in tenant improvements, solar panels, vehicles, heavy equipment, improvement and computer manufacturing equipment as part of its expansion in FresnoOntario, 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- 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- 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-timetime Employees Hired,” the wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed

Appears in 1 contract

Sources: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a wholesale produce importer, processor, and distributormanufacturer of mobile refueling stations that are installed above ground. Taxpayer has certified in its application that absent award of the California Competes Tax Credit, its project may will occur in another state; and, it will terminate all or a portion of its employees in California or relocate all or a portion of its employees in California to 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 FresnoShafter. Fresno Shafter 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 manufacturing equipment, a facility, and computer equipment vehicles as part of its expansion in FresnoShafter and Bakersfield, 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-employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full- 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- 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-timeand

Appears in 1 contract

Sources: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer Taxpayer, located in San Diego, California, is a wholesale produce importer, processor, pharmaceutical manufacturer and distributorcontract filler of drugs in syringes/vials. Taxpayer has certified in its application that absent award of the California Competes Tax Credita CCTC award, its project it may occur in another state. Further, Taxpayer has certified that at least 75% terminate or relocate all or a portion 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 applicationCalifornia. In consideration for the Credit, Taxpayer ▇▇▇▇▇▇▇▇ agrees to invest in tenant improvements, laboratory instruments, furniture, software licenses, manufacturing equipment, and 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 ) and 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- full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Wage Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Wage Salary of California Full-time Employees Hired,” Taxpayer may use the wages salaries of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Wage Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Wage Salary of California Full-timetime 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.

Appears in 1 contract

Sources: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is provides nationwide merchandising design and purchasing services for a wholesale produce importer, processor, chain of online and distributor. Taxpayer has certified retail stores specializing 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 applicationclothing and accessories for young women. 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 and software licenses as part of its expansion in Fresnothe City of Industry, 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-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

Appears in 1 contract

Sources: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a wholesale produce importer, processor, polymer materials designer and distributorproduces engineered compounds for the plastics and fiber industries. Taxpayer has certified in its application that absent award of the California Competes Tax CreditCCTC, its project may will 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 manufacturing equipment, furniture and computer equipment fixtures, and tenant improvements as part of its expansion in FresnoRancho ▇▇▇▇▇▇▇▇▇, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”). In addition, Taxpayer ) and 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- full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Wage Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Wage Salary of California Full-Full- time Employees Hired,” Taxpayer may use the wages salaries of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Wage Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Wage Salary of California Full-timetime 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.

Appears in 1 contract

Sources: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a wholesale produce importerlive entertainment and media group that provides artist management, processormusic rights, and distributormusic production services. 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 office space, furniture and fixtures, tenant improvements, solar panels, vehicles, heavy equipment, and computer equipment as part of its expansion in FresnoLos Angeles, 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-employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full- 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- 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-timetime Employees Hired,” the wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage 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. ▇▇▇▇ ▇ ▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇

Appears in 1 contract

Sources: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a wholesale produce importer, processor, and distributorsolar-powered technology product manufacturer. Taxpayer has certified in its application that absent award of the California Competes Tax Credit, its project may occur in another state; and, it may terminate all or a portion of its employees in California or relocate all or a portion of its employees in California to 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 FresnoDavis. 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 improvementsland, facilities, office space, solar panels, vehicles, heavy equipment, and computer research and development equipment as part of its expansion in FresnoDavis, 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- 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- 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-timetime Employees Hired,” the wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage 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.

Appears in 1 contract

Sources: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a wholesale produce importercyber-security company that provides services to state and federal government and commercial entities. Specifically, processor, Taxpayer develops intellectual property protection and distributorthreat mitigation technology for microelectronic devices. Taxpayer has also certified in its application that absent award of the California Competes Tax CreditCCTC, its the project may occur in another state. Further, Taxpayer has certified state and that at least 75% it may terminate or relocate all or a portion 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 applicationCalifornia to another state. In consideration for the Credit, ▇▇▇▇▇▇▇▇ agrees to invest in software licenses and patents for its security technology. In addition, Taxpayer agrees to hire full-time employees and invest in tenant improvements, solar panels, vehicles, heavy equipment, and computer equipment as part of to support its expansion in Fresno, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”). In addition, Taxpayer ) and 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- full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Wage Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Wage Salary of California Full-time Employees Hired,” Taxpayer may use the wages salaries of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Wage Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Wage Salary of California Full-timetime 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.

Appears in 1 contract

Sources: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a wholesale produce importer, processor, and distributorcanned food manufacturer. Taxpayer has certified in its application that absent award of the California Competes Tax Credit, its project may occur in another state. Further; and, Taxpayer has certified that at least 75% it may terminate all or a portion of its net increase employees in California or relocate all or a portion of full-time its 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 applicationCalifornia to another state. In consideration for the Credit, Taxpayer agrees to hire full-time employees and invest in tenant improvements, solar panels, vehicles, heavy equipment, improvements and computer food processing equipment as part of its expansion in FresnoFontana or Ontario, 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- 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- 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-timetime Employees Hired,” the wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage 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.

Appears in 1 contract

Sources: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a wholesale produce importer, processor, and distributormobile wastewater treatment system manufacturer. Taxpayer has certified in its application that absent award of the California Competes Tax Credit, its project may occur in another state. Further; and, Taxpayer has certified that at least 75% it may terminate all or a portion of its net increase employees in California or relocate all or a portion of full-time its 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 applicationCalifornia to another state. In consideration for the Credit, Taxpayer ▇▇▇▇▇▇▇▇ agrees to hire full-time employees and invest in tenant improvements, solar panelsmanufacturing equipment, vehicles, heavy equipment, and computer equipment tenant improvements as part of its expansion in FresnoArroyo Grande, 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- 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- 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-timetime Employees Hired,” the wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed

Appears in 1 contract

Sources: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a wholesale produce importermanufacturers Environmental Protection Agency (EPA) and Food and Drug Administration approved products for the agricultural, processorfood processing, and distributorwater treatment industries. Taxpayer has certified in its application that absent award of the California Competes Tax Credit, its project may occur in another state. Further; and, Taxpayer has certified that at least 75% it may terminate all or a portion of its net increase employees in California or relocate all or a portion of full-time its 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 applicationCalifornia to another state. In consideration for the Credit, Taxpayer agrees to hire full-time employees and invest in heavy equipment, tenant improvements, solar panels, vehicles, heavy equipment, and computer manufacturing equipment as part of its expansion in FresnoModesto, 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

Appears in 1 contract

Sources: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a wholesale produce importersemiconductor, processorgreen energy generation equipment, and distributorenergy storage system manufacturer. Taxpayer has certified in its application that absent award of the California Competes Tax CreditGrant, its project may will 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 CreditGrant, Taxpayer agrees to hire full-time employees and invest in software licenses, computer equipment, intellectual property, manufacturing equipment, tenant improvements, solar panelsland, vehicles, heavy research and development equipment, and computer equipment facilities 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

Appears in 1 contract

Sources: California Competes Grant Agreement