Common use of Project/Milestones Clause in Contracts

Project/Milestones. Taxpayer is a developer of 3-D wearable virtual imagery devices that are capable of superimposing 3-D imagery onto real world objects. In consideration for the Credit, Xxxxxxxx agrees to hire full- time employees and invest in research and development equipment, computers, office equipment, and facility improvements as part of its expansion in Mountain View and Santa Monica, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” Taxpayer may use the salaries of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the salary of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 3 contracts

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

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Project/Milestones. Taxpayer is a developer of 3-D wearable virtual imagery devices consulting firm that are capable of superimposing 3-D imagery onto real world objectsspecializes in energy, engineering, infrastructure, finance, and emergency management. In consideration for the Credit, Xxxxxxxx Taxpayer agrees to hire full- full-time employees and invest in research and development computer equipment, computerssoftware licenses, furniture and fixtures, office equipmentspace, and facility tenant improvements as part of its expansion in Mountain View Anaheim, Fresno, City of Industry, and Santa MonicaOakland, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” Taxpayer may use the salaries of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the salary of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 3 contracts

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

Project/Milestones. Taxpayer is a developer of 3-D wearable virtual imagery devices that are capable of superimposing 3-D imagery onto real world objectsbeverage manufacturer operating in Windsor, CA. In consideration for the Credit, Xxxxxxxx Taxpayer agrees to purchase vehicles and general beverage manufacturing equipment, as well as, make tenant improvements to a new facility in Petaluma, CA. Additionally, Taxpayer will hire full- full-time employees and invest in research and development equipment, computers, office equipment, and facility improvements as part of to support its expansion in Mountain View and Santa Monica, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A “A” (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of fullFull-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-Full- time Employees Hired,” Taxpayer may use the salaries of any of the fullFull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by Taxpayer the 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 2 contracts

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

Project/Milestones. Taxpayer is a developer of 3mobile, cloud-D wearable virtual imagery devices based software company that are capable of superimposing 3-D imagery onto real world objectshelps home service companies streamline operations, improve customer service, and grow business. In consideration for the Credit, Xxxxxxxx Taxpayer agrees to hire full- full-time employees and invest in research and development computer equipment, computersfurniture and fixtures, office tenant improvements, audio visual equipment, and facility improvements office space as part of its expansion in Mountain View and Santa MonicaGlendale, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the salary 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 2 contracts

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

Project/Milestones. Taxpayer is a developer medical device company specializing in the service and refurbishment of 3-D wearable virtual imagery medical devices that are capable of superimposing 3-D imagery onto real world objectsincluding Magnetic Resonance Imaging (MRI) and Computed Tomography (CT) devices. In consideration for the Credit, Xxxxxxxx agrees to hire full- full-time employees and invest in research and development equipment, computersreal property, office equipmentlaboratory instruments, and facility improvements transportation equipment as part of its expansion in Mountain View and Santa MonicaOntario, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-Full- time Employees Hired,” Taxpayer may use the salaries of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the salary of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 2 contracts

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

Project/Milestones. Taxpayer is a developer manufacturer and distributor of 3-D wearable virtual imagery devices that are capable of superimposing 3-D imagery onto real world objectsprofessional audio equipment, such as speakers, amplifiers, and controllers. In consideration for the Credit, Xxxxxxxx Taxpayer agrees to hire full- full-time employees and invest in research furniture and development fixtures, manufacturing equipment, computersvehicles, office equipmenttenant improvements, and facility improvements real property as part of its expansion in Mountain View Camarillo and Santa MonicaThousand Oaks, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” Taxpayer may use the salaries of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the salary of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 2 contracts

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

Project/Milestones. Taxpayer is a developer provider of 3healthcare information systems and connectivity solutions. Specifically, Taxpayer offers a cloud-D wearable virtual imagery devices that are capable of superimposing 3-D imagery onto real world objectsbased platform to organize and maintain electronic health records for healthcare professionals. In consideration for the Credit, Xxxxxxxx Taxpayer agrees to invest in office space and tenant improvements, and hire full- full-time employees and invest in research and development equipment, computers, office equipment, and facility improvements as part of its expansion in Mountain View Irvine and Santa MonicaCosta Mesa, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” Taxpayer may use the salaries of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the salary of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 2 contracts

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

Project/Milestones. Taxpayer is a developer manufacturer of 3prescription and over-D wearable virtual imagery devices that are capable of superimposing 3the-D imagery onto real world objectscounter drugs, dietary supplements, and vitamins. In consideration for the Credit, Xxxxxxxx Taxpayer agrees to hire full- full-time employees and invest in research and development manufacturing equipment, computerssoftware, office computer equipment, laboratory instruments, and facility tenant improvements as part of its expansion in Mountain View and Santa Monicathe City of Industry, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” Taxpayer may use the salaries of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the salary of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 2 contracts

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

Project/Milestones. Taxpayer is a developer manufacturer of 3-D wearable virtual imagery devices engineered composite components for a variety of aerospace and spacecraft applications. Taxpayer has certified in its application that are capable of superimposing 3-D imagery onto real world objectsabsent a CCTC award, its project may occur in another state. In consideration for the Credit, Xxxxxxxx Taxpayer agrees to hire full- full-time employees and invest in research and development equipment, computers, office equipment, and facility tenant improvements as part of its expansion in Mountain View and Santa MonicaSan Diego, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” Taxpayer may use the salaries of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the salary of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 2 contracts

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

Project/Milestones. Taxpayer is a developer manufacturer of 3-D wearable virtual imagery devices engineered composite components for a variety of aerospace and spacecraft applications. Taxpayer has certified in its application that are capable of superimposing 3-D imagery onto real world objectsabsent a CCTC award, its project may occur in another state. In consideration for the Credit, Xxxxxxxx agrees to hire full- full-time employees and invest in research and development equipment, computers, office equipment, and facility tenant improvements as part of its expansion in Mountain View and Santa MonicaSan Diego, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” Taxpayer may use the salaries of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the salary of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 2 contracts

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

Project/Milestones. Taxpayer is a developer of 3-D wearable virtual imagery devices that are capable of superimposing 3-D imagery onto real world objectsmanufactures hygiene products, including soaps, shampoos, conditioners, lotions, creams, and oils. In consideration for the Credit, Xxxxxxxx agrees to hire full- full-time employees and invest in tenant improvements, manufacturing equipment, furniture and fixtures, research and development equipment, computers, office equipment, and facility improvements vehicles as part of its expansion in Mountain View and Santa MonicaSan Rafael, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” Taxpayer may use the salaries of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the salary of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 2 contracts

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

Project/Milestones. Taxpayer is a developer of 3-D wearable virtual imagery devices that are capable of superimposing 3-D imagery onto real world objectsan automobile manufacture proposing to expand its California facility to increase research and development into autonomous and zero emissions vehicles. In consideration for the Credit, Xxxxxxxx agrees to hire full- full-time employees and invest in research including, but not limited to, furniture and development equipmentfixtures, computers, office computer equipment, and facility tenant improvements as part of its expansion primarily in Mountain View and Santa MonicaSan Francisco, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must to materially maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the salary 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 2 contracts

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

Project/Milestones. Taxpayer is a developer medical device company specializing in the service and refurbishment of 3-D wearable virtual imagery medical devices that are capable of superimposing 3-D imagery onto real world objectsincluding Magnetic Resonance Imaging (MRI) and Computed Tomography (CT) devices. In consideration for the Credit, Xxxxxxxx Taxpayer agrees to hire full- full-time employees and invest in research and development equipment, computersreal property, office equipmentlaboratory instruments, and facility improvements transportation equipment as part of its expansion in Mountain View and Santa MonicaOntario, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-Full- time Employees Hired,” Taxpayer may use the salaries of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the salary of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 2 contracts

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

Project/Milestones. Taxpayer is a developer of 3-D wearable virtual imagery devices that are capable of superimposing 3-D imagery onto real world objectscontract research organization specializing in laboratory research and drug development for pharmaceutical and biotechnology companies worldwide. In consideration for the Credit, Xxxxxxxx Taxpayer agrees to and hire full- full-time employees and invest in research laboratory equipment and development equipment, computers, office equipment, and facility tenant improvements as part of its expansion in Mountain View Belmont, Fremont, Hayward, and Santa MonicaSan Carlos, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” Taxpayer may use the salaries of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the salary of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 2 contracts

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

Project/Milestones. Taxpayer Taxpayer, located in Anaheim, California, is a developer of 3complete HVAC and plumbing contracting firm that specializes in large-D wearable virtual imagery devices that are capable of superimposing 3-D imagery onto real world objectsscale commercial industrial projects. In consideration for the Credit, Xxxxxxxx Taxpayer agrees to expand its warehouse facility and office headquarters. In addition, Taxpayer will invest in tenant improvements, manufacturing equipment, computer equipment, vehicles and hire full- full time employees and invest in research and development equipment, computers, office equipment, and facility improvements as part of to support its expansion in Mountain View and Santa Monica, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A “A” (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of fullFull-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-Full- time Employees Hired,” Taxpayer may use the salaries of any of the fullFull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by Taxpayer the 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 2 contracts

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

Project/Milestones. Taxpayer is a developer of 3-D wearable virtual imagery devices that are capable of superimposing 3-D imagery onto real world objectsan automobile manufacture proposing to expand its California facility to increase research and development into autonomous and zero emissions vehicles. In consideration for the Credit, Xxxxxxxx Taxpayer agrees to hire full- full-time employees and invest in research including, but not limited to, furniture and development equipmentfixtures, computers, office computer equipment, and facility tenant improvements as part of its expansion primarily in Mountain View and Santa MonicaSan Francisco, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must to materially maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the salary 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 2 contracts

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

Project/Milestones. Taxpayer is operates a developer personal finance website that allows users to compare the costs and benefits of 3-D wearable virtual imagery devices that are capable of superimposing 3-D imagery onto real world objectsvarious financial instruments, including credit cards, insurance, loans, health care premiums, and investments. In consideration for the Credit, Xxxxxxxx agrees to invest in tenant improvements and computer equipment and hire full- full-time employees and invest in research and development equipment, computers, office equipment, and facility improvements as part of its expansion in Mountain View and Santa MonicaSan Francisco, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” Taxpayer may use the salaries of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the salary of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 2 contracts

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

Project/Milestones. Taxpayer is a developer of 3-D wearable virtual imagery devices that are capable of superimposing 3-D imagery onto real world objectspaint developer, manufacturer, distributor, and retailer. In consideration for the Credit, Xxxxxxxx Taxpayer agrees to hire full- time employees and invest in research manufacturing and development heavy equipment, computerstenant improvements, office and computer equipment, and facility improvements as part hire full-time employees in support of its warehouse and distribution facility expansion in Mountain View Victorville and Santa MonicaMoreno Valley, California, and manufacturing facility expansion in San Diego and Ontario, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” Taxpayer may use the salaries of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the salary of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 2 contracts

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

Project/Milestones. Taxpayer is a developer of 3-D wearable virtual imagery devices that are capable of superimposing 3-D imagery onto real world objects. In consideration for the Credit, Xxxxxxxx Taxpayer agrees to hire full- time employees and invest in research and development equipment, computers, office equipment, and facility improvements as part of its expansion in Mountain View and Santa Monica, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” Taxpayer may use the salaries of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the salary of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 2 contracts

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

Project/Milestones. Taxpayer is a developer of 3-D wearable virtual imagery devices an electrical contractor that are capable of superimposing 3-D imagery onto real world objectsspecializes in designing, engineering, and constructing solar and other alternative energy solutions. In consideration for the Credit, Xxxxxxxx Taxpayer agrees to hire full- full-time employees and invest in computer and manufacturing equipment, vehicles, furniture and fixtures, research and development equipment, computers, office equipment, and facility improvements software as part of its expansion in Mountain View Bakersfield, Escondido, and Santa MonicaSan Diego, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” Taxpayer may use the salaries of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the salary of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 2 contracts

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

Project/Milestones. Taxpayer is digital technology company that provides a developer of 3platform for real-D wearable virtual imagery devices that are capable of superimposing 3-D imagery onto real world objectstime bidding for advertisement space on websites and mobile applications. In consideration for the Credit, Xxxxxxxx Taxpayer agrees to hire full- full-time employees and invest in research and development computer equipment, computerssoftware licenses, office equipmentfurniture and fixtures, and facility tenant improvements as part of its expansion in Mountain View Pasadena, Xxxxxx City, and Santa MonicaMenlo Park, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” Taxpayer may use the salaries of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the salary of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 2 contracts

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

Project/Milestones. Taxpayer is a developer of 3-D wearable virtual imagery develops and produces wireless technology and related products that allow devices that are capable of superimposing 3-D imagery onto real world objectsto connect over extremely large areas. In consideration for the Credit, Xxxxxxxx agrees to hire full- time employees and invest in tenant improvements, furniture and fixtures, computer, manufacturing, and research and development equipment, computers, office equipmentsoftware licenses, and facility improvements patents, and hire full-time employees as part of its expansion in Mountain View and Santa MonicaVista, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” Taxpayer may use the salaries of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the salary of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 2 contracts

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

Project/Milestones. Taxpayer is operates lumber yards, a developer of 3-D wearable virtual imagery devices that are capable of superimposing 3-D imagery onto real world objectscustom window and door shop, and a distribution facility. In consideration for the Credit, Xxxxxxxx Taxpayer agrees to hire full- full-time employees and invest in research furniture and development fixtures, manufacturing equipment, computersvehicles, office transportation equipment, computer equipment, software licenses, and a facility improvements as part of its expansion in Mountain View Concord, Richmond, and Santa MonicaSan Francisco, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the salary 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 2 contracts

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

Project/Milestones. Taxpayer is a developer an internet advertising company. Taxpayer has certified in its application that absent award of 3-D wearable virtual imagery devices that are capable of superimposing 3-D imagery onto real world objectsthe CCTC, its project may occur in another state. In consideration for the Credit, Xxxxxxxx Taxpayer agrees to hire full- full-time employees and invest in research furniture and development fixtures, computer equipment, computers, office equipmentpatents, and facility improvements software licenses, as part of its expansion in Mountain View and Santa MonicaSan Francisco, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the salary 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 2 contracts

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

Project/Milestones. Taxpayer is a developer of 3-D wearable virtual imagery devices that are capable of superimposing 3-D imagery onto real world objectsship repair, modernization and overhaul company operating a dry dock in San Diego, California. In consideration for the Credit, Xxxxxxxx Taxpayer agrees to make investments to increase its dry dock capacity for maintenance of existing and future United States Navy assets and commercial clients. In addition, Taxpayer will hire full- full-time employees and invest in research and development equipment, computers, office equipment, and facility improvements as part of to support its expansion in Mountain View and Santa Monica, California goals (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A “A” (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” Taxpayer may use the salaries of any of the full-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by 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 2 contracts

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

Project/Milestones. Taxpayer is a developer of 3-D wearable virtual imagery devices an international consulting firm that are capable of superimposing 3-D imagery onto real world objectsprimarily assists Japanese companies with establishing and expanding their operations in California and the United States. In consideration for the Credit, Xxxxxxxx Taxpayer agrees to hire full- full-time employees and invest in research furniture and development fixtures, tenant improvements, computer equipment, computers, office equipmentsoftware licenses, and facility improvements vehicles as part of its expansion in Mountain View and Santa MonicaGardena, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” Taxpayer may use the salaries of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the salary of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 2 contracts

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

Project/Milestones. Taxpayer is operates a developer of 3-D wearable virtual imagery devices that are capable of superimposing 3-D imagery onto real world objectswebsite to provide homeowners with financing options for energy efficient home upgrades. In consideration for the Credit, Xxxxxxxx agrees to hire full- full-time employees and invest in research and development equipmentreal property, computerstenant improvements, office computer equipment, and facility improvements furniture and fixtures as part of its expansion in Mountain View the city of San Diego, and Santa MonicaSan Diego and San Francisco Counties, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the salary 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

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a developer of 3-D wearable virtual imagery devices technology company that are capable of superimposing 3-D imagery onto real world objectsmanufactures and sells a proprietary substance used to protect consumer electronic products underwater. In consideration for the Credit, Xxxxxxxx Taxpayer agrees to hire full- full-time employees and invest in tenant improvements, research and development equipment, computers, office manufacturing and computer equipment, furniture and facility improvements fixtures, and software as part of its expansion in Mountain View and Santa MonicaSan Diego, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” Taxpayer may use the salaries of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the salary of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a developer manufactures fast-charging rechargeable batteries. Taxpayer has certified in its application that absent award of 3-D wearable virtual imagery devices that are capable of superimposing 3-D imagery onto real world objectsthe CCTC, its project may occur in another state. In consideration for the Credit, Xxxxxxxx Taxpayer agrees to hire full- full-time employees and invest in research and development equipmentsoftware licenses, computers, office manufacturing equipment, and a facility improvements as part of its expansion in Mountain View and Santa MonicaNorthern California, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” Taxpayer may use the salaries of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the salary of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a developer of 3-D wearable virtual imagery devices an underground utility locating company that are capable of superimposing 3-D imagery onto real world objectsassists construction and public utility companies locate obstacles and current pipes/utilities before breaking ground on new construction projects. In consideration for the Credit, Xxxxxxxx Taxpayer agrees to hire full- full-time employees and invest in research and development computer equipment, computersfurniture and fixtures, office equipmentvehicles, and facility improvements an office building as part of its expansion in Mountain View Sacramento and Santa MonicaPlacerville, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-Full- time Employees Hired,” Taxpayer may use the salaries of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the salary of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a developer of 3B-D wearable virtual imagery devices Corporation insurance company that are capable of superimposing 3specializes in socially conscious startups, healthcare, technology, and non-D imagery onto real world objectsprofit organizations. In consideration for the Credit, Xxxxxxxx Taxpayer agrees to hire full- full-time employees and invest in research and development computer equipment, computersfurniture, office equipmentfixtures, software licenses, and facility tenant improvements as part of its expansion in Mountain View and Santa MonicaTorrance, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-full- time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the salary 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

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a medical software developer of 3-D wearable virtual imagery devices that are capable of superimposing 3-D imagery onto real world objectsspecializes in billing, logistics, and case management between medical service providers and orthopedic device manufacturers. In consideration for the Credit, Xxxxxxxx Taxpayer agrees to hire full- full-time employees and invest in research an office space, furniture and development equipment, computers, office equipmentfixtures, and facility improvements software licenses as part of its expansion in Mountain View and Santa MonicaSan Diego, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-full- time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” Taxpayer may use the salaries of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the salary of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a developer of 3consulting firm that assists biotech, pharmaceutical, and medical device companies to establish and implement faster and more cost-D wearable virtual imagery devices that are capable of superimposing 3-D imagery onto real world objectseffective best practices. In consideration for the Credit, Xxxxxxxx Taxpayer agrees to hire full- full-time employees and invest in research and development equipment, computers, office equipment, and facility improvements computer equipment as part of its expansion in Mountain View Solana Beach, San Francisco, and Santa MonicaOrange County, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-full- time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” Taxpayer may use the salaries of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the salary of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a developer titanium and aluminum forger of 3-D wearable virtual imagery devices large aerospace parts. Taxpayer has certified in its application that are capable absent a CCTC award, it may terminate or relocate all or a portion of superimposing 3-D imagery onto real world objectsits employees in California; and, its project may occur in another state. In consideration for the Credit, Xxxxxxxx Taxpayer agrees to hire full- time employees and invest in research and development equipmenttenant improvements, computers, office purchase manufacturing equipment, and facility improvements as part of its expansion in Mountain View and Santa Monica, California hire full-time employees (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” Taxpayer may use the salaries of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the salary of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a developer of 3-D wearable virtual imagery devices printing company that are capable of superimposing 3-D imagery onto real world objectscreates labels for the manufacturing, pharmaceutical, and food and beverage industries. In consideration for the Credit, Xxxxxxxx Taxpayer agrees to hire full- full-time employees and invest in research and development manufacturing equipment, computersfurniture and fixtures, office equipmenttenant improvements, vehicles, and facility improvements computer equipment as part of its expansion in Mountain View and Santa MonicaChula Vista, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-full- time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the salary 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

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a developer of 3-D wearable virtual imagery devices that are capable of superimposing 3-D imagery onto real world objectsTaxpayer, located in Modesto, California, provides industrial electrical contracting and motor repair services to the Central Valley. In consideration for the Credit, Xxxxxxxx Taxpayer agrees to hire full- time employees and invest in research and development equipmentsoftware licenses, computers, office electrical contracting equipment, and facility improvements as part expansion of its existing facility in Modesto, California. Additionally, Taxpayer will hire full-time employees to support its expansion in Mountain View and Santa Monica, California goals (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A “A” (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of fullFull-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” Taxpayer may use the salaries of any of the fullFull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by Taxpayer the 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

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a software developer specializing in payment automation and customer relations management. Taxpayer has certified in its application that absent award of 3-D wearable virtual imagery devices that are capable of superimposing 3-D imagery onto real world objectsthe CCTC, its project may occur in another state. In consideration for the Credit, Xxxxxxxx Taxpayer agrees to hire full- full-time employees and invest in research computer equipment and development equipment, computers, office equipment, furniture and facility improvements fixtures as part of its expansion in Mountain View and Santa MonicaAliso Viejo, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” Taxpayer may use the salaries of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the salary of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a developer of 3-D wearable virtual imagery devices technology services company that are capable of superimposing 3-D imagery onto real world objectsoffers structured cabling, security management systems, audio and visual systems, and information technology management services. In consideration for the Credit, Xxxxxxxx agrees to invest in computer and tooling and test equipment, software licenses, and a new vehicle. In addition, Taxpayer will hire full- full-time employees and invest in research and development equipment, computers, office equipment, and facility improvements as part of its expansion in Mountain View and Santa MonicaSacramento, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-Full- time Employees Hired,” Taxpayer may use the salaries of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the salary of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a developer of 3-D wearable virtual imagery devices technology services company that are capable of superimposing 3-D imagery onto real world objectsoffers structured cabling, security management systems, audio and visual systems, and information technology management services. In consideration for the Credit, Xxxxxxxx Taxpayer agrees to invest in computer and tooling and test equipment, software licenses, and a new vehicle. In addition, Taxpayer will hire full- full-time employees and invest in research and development equipment, computers, office equipment, and facility improvements as part of its expansion in Mountain View and Santa MonicaSacramento, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-Full- time Employees Hired,” Taxpayer may use the salaries of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the salary of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a developer manufacturer and retailer of 3-D wearable virtual imagery devices cosmetics and beauty accessories. Taxpayer has certified in its application that are capable absent award of superimposing 3-D imagery onto real world objectsthe CCTC, the project may occur in another state. In consideration for the Credit, Xxxxxxxx Taxpayer agrees to hire full- full-time employees and invest in research and development computer equipment, computerstenant improvements, office equipmentfurniture and fixtures, and a facility improvements as part of its expansion in Mountain View and Santa Monica, the Central Valley of California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” Taxpayer may use the salaries of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the salary of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a developer of 3web-D wearable virtual imagery devices hosting company that are capable of superimposing 3offers cloud-D imagery onto real world objectshosting, broadband internet access, and Voice Over Internet Protocol services to customers around the world. In consideration for the Credit, Xxxxxxxx Taxpayer agrees to hire full- full-time employees and invest in research furniture and development fixtures, computer equipment, computers, office equipmentvehicles, and facility tenant improvements as part of its expansion in Mountain View and Santa MonicaSimi Valley, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the salary 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

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a developer of 3-D wearable virtual imagery devices design and technology studio that are capable of superimposing 3-D imagery onto real world objectscreates digital experiences using media sculptures such as building display animations, radio waves, and customized lighting. In consideration for the Credit, Xxxxxxxx Taxpayer agrees to hire full- full-time employees and invest in research and development computer equipment, computers, office equipmentfurniture and fixtures, and facility tenant improvements as part of its expansion in Mountain View and Santa MonicaSan Diego, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” Taxpayer may use the salaries of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the salary of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a developer of 3-D wearable virtual imagery devices payroll services provider that are capable of superimposing 3-D imagery onto real world objectsspecializes in working with small and medium sized businesses. In consideration for the Credit, Xxxxxxxx Taxpayer agrees to hire full- full-time employees and invest in research and development vehicles, computer equipment, computersfurniture and fixtures, office equipmentpatents, software licenses, tenant improvements, and facility improvements office space as part of its expansion in Mountain View and Santa MonicaRancho Cucamonga, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the salary 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

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a developer of 3an automotive finance company located in Irvine and Newport Beach, California that provides financial products to Hyundai and Kia dealerships throughout the country, as well as their car-D wearable virtual imagery devices that are capable of superimposing 3-D imagery onto real world objectsbuying customers. In consideration for the Credit, Xxxxxxxx Taxpayer agrees to invest in tenant improvements, computer hardware, software development, and information technology infrastructure, and hire full- full-time employees and invest in research and development equipment, computers, office equipment, and facility improvements as part of its expansion in Mountain View and Santa Monica, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A “A” (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of fullFull-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” Taxpayer may use the salaries of any of the fullFull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by Taxpayer the 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

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a developer of 3-D wearable virtual imagery devices that are capable of superimposing 3-D imagery onto real world objectsgarage door repair and installation service provider. In addition, Taxpayer builds custom wood and glass garage doors for work spaces and restaurants. In consideration for the Credit, Xxxxxxxx Taxpayer agrees to invest in trucks, office and warehouse space, and tenant improvements, and hire full- full-time employees and invest in research and development equipment, computers, office equipment, and facility improvements as part of its expansion in Mountain View Gold River and Santa MonicaSan Rafael, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” Taxpayer may use the salaries of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the salary of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a developer of 3consulting firm that assists biotech, pharmaceutical, and medical device companies to establish and implement faster and more cost-D wearable virtual imagery devices that are capable of superimposing 3-D imagery onto real world objectseffective best practices. In consideration for the Credit, Xxxxxxxx agrees to hire full- full-time employees and invest in research and development equipment, computers, office equipment, and facility improvements computer equipment as part of its expansion in Mountain View Solana Beach, San Francisco, and Santa MonicaOrange County, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-full- time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” Taxpayer may use the salaries of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the salary of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a developer of 3-D wearable virtual imagery devices that are capable of superimposing 3-D imagery onto real world objectssole proprietorship serving as a public accounting firm offering traditional bookkeeping, accounting, and financial services and seeking to offer additional fiduciary services. In consideration for the Credit, Xxxxxxxx agrees to hire full- full-time employees and invest in research and development computer equipment, computers, office equipmentfurniture and fixtures, and facility tenant improvements as part of its expansion in Mountain View and Santa MonicaMerced, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” Taxpayer may use the salaries of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the salary of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a developer of 3-D wearable virtual imagery devices that are capable of superimposing 3-D imagery onto real world objectsfull service dental laboratory serving dentists and other dental laboratories across the country. In consideration for the Credit, Xxxxxxxx Taxpayer agrees to hire full- time employees and invest in tenant improvements, laboratory instruments, computer, manufacturing, and research and development equipment, computerspatents, office equipmentsoftware licenses, vehicles, furniture and fixtures, and facility improvements hire full-time employees as part of its expansion in Mountain View and Santa MonicaIrvine, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” Taxpayer may use the salaries of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the salary of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a developer of 3-D wearable virtual imagery devices professional meal preparation company that are capable of superimposing 3-D imagery onto real world objectsintends to expand into health coaching, exercise planning services, and nutritional education. In consideration for the Credit, Xxxxxxxx Taxpayer agrees to hire full- full-time employees and invest in research and development tenant improvements, food processing equipment, computersfurniture and fixtures, office equipmentsoftware, and facility improvements manufacturing equipment as part of its expansion in Mountain View and Santa MonicaCarmichael, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” Taxpayer may use the salaries of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the salary of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a developer of 3-D wearable virtual imagery devices that are capable of superimposing 3-D imagery onto real world objectssole proprietorship serving as a public accounting firm offering traditional bookkeeping, accounting, and financial services and seeking to offer additional fiduciary services. In consideration for the Credit, Xxxxxxxx Taxpayer agrees to hire full- full-time employees and invest in research and development computer equipment, computers, office equipmentfurniture and fixtures, and facility tenant improvements as part of its expansion in Mountain View and Santa MonicaMerced, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” Taxpayer may use the salaries of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the salary of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a developer of 3consulting firm specializing in storm water compliance, erosion control, and hydro-D wearable virtual imagery devices that are capable of superimposing 3-D imagery onto real world objectsseeding for the construction industry. In consideration for the Credit, Xxxxxxxx Taxpayer agrees to hire full- full-time employees and invest in research and development vehicles, erosion control equipment, computers, office equipmentreal property, and facility tenant improvements as part of its expansion in Mountain View Sacramento and Santa MonicaElk Grove, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” Taxpayer may use the salaries of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the salary of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a developer of 3-D wearable virtual imagery devices that are capable of superimposing 3-D imagery onto real world objectsmanufactures hygiene products, including soaps, shampoos, conditioners, lotions, creams, and oils. In consideration for the Credit, Xxxxxxxx Taxpayer agrees to hire full- full-time employees and invest in tenant improvements, manufacturing equipment, furniture and fixtures, research and development equipment, computers, office equipment, and facility improvements vehicles as part of its expansion in Mountain View and Santa MonicaSan Rafael, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” Taxpayer may use the salaries of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the salary of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a developer large scale brewing company that produces over two dozen brands of 3-D wearable virtual imagery devices that are capable of superimposing 3-D imagery onto real world objectsbeer and malt liquor. In consideration for the Credit, Xxxxxxxx Taxpayer agrees to hire full- full-time employees and invest in research a new manufacturing facility, computer and development manufacturing equipment, computers, office equipmentfurniture and fixtures, and facility tenant improvements as part of its expansion in Mountain View and Santa Monica, a city to be determined in either Northern or Central California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” Taxpayer may use the salaries of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the salary of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a developer of 3-D wearable virtual imagery devices that are capable of superimposing 3-D imagery onto real world objectsstrategic communications and public relations firm focused on business development. In consideration for the Credit, Xxxxxxxx Taxpayer agrees to hire full- time employees and invest in a vehicle, furniture and fixtures, software licenses, computer equipment, research and development equipment, computers, office equipmentspace, and facility improvements tenant improvements. In addition, Taxpayer agrees to hire full-time employees as part of its expansion in Mountain View and Santa MonicaFresno, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” Taxpayer may use the salaries of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the salary of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a developer of 3-D wearable virtual imagery devices that are capable of superimposing 3-D imagery onto real world objectspaint developer, manufacturer, distributor, and retailer. In consideration for the Credit, Xxxxxxxx agrees to hire full- time employees and invest in research manufacturing and development heavy equipment, computerstenant improvements, office and computer equipment, and facility improvements as part hire full-time employees in support of its warehouse and distribution facility expansion in Mountain View Victorville and Santa MonicaMoreno Valley, California, and manufacturing facility expansion in San Diego and Ontario, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” Taxpayer may use the salaries of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the salary of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a developer performs chemical and physical analysis of 3-D wearable virtual imagery devices that are capable materials to ascertain their performance characteristics and appropriateness of superimposing 3-D imagery onto real world objectsuse in industries such as aerospace, food/beverage production, and pharmaceutical research. In consideration for the Credit, Xxxxxxxx agrees to hire full- full-time employees and invest in research manufacturing and development equipment, computers, office equipment, and facility improvements computer equipment as part of its expansion in Mountain View and Santa MonicaElk Grove, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” Taxpayer may use the salaries of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the salary of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a developer of 3-D wearable virtual imagery devices pharmaceutical company that are capable of superimposing 3-D imagery onto real world objectsmanufactures generic injectable medications and treatments, such as acetaminophen injection. In consideration for the Credit, Xxxxxxxx Taxpayer agrees to hire full- time employees and invest in manufacturing equipment, furniture and fixtures, research and development equipment, computers, office equipmenttenant improvements, and facility improvements intellectual property as part of its expansion in Mountain View and Santa MonicaCarlsbad, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the salary 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

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a developer of 3-D wearable virtual imagery devices testing and inspection service that are capable of superimposing 3-D imagery onto real world objectsspecializes in construction, fabrication, and manufacturing components for the maritime industry. In consideration for the Credit, Xxxxxxxx Taxpayer agrees to hire full- full-time employees and invest in tenant improvements, vehicles, furniture and fixtures, software, and laboratory and research and development equipment, computers, office equipment, and facility improvements equipment as part of its expansion in Mountain View National City and Santa MonicaVallejo, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” Taxpayer may use the salaries of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the salary of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a developer of 3-D wearable virtual imagery devices that are capable of superimposing 3-D imagery onto real world objectstelecommunications firm focused on providing mobile device, cloud, and information technology solutions to both the private and public sectors. In consideration for the Credit, Xxxxxxxx Taxpayer agrees to hire full- full-time employees and invest in research vehicles, furniture and development fixtures, computer equipment, computers, office equipmentsoftware licenses, and facility improvements a warehouse as part of its expansion in Mountain View Sacramento and Santa MonicaRancho Cordova, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” Taxpayer may use the salaries of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the salary of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a developer of 3-D wearable virtual imagery devices that are capable of superimposing 3-D imagery onto real world objectsmanufactures thermistors (thermometers), used in the healthcare, science, industrial, and commercial markets. In consideration for the Credit, Xxxxxxxx Taxpayer agrees to hire full- full-time employees and invest in research and development tenant improvements, manufacturing equipment, computerslaboratory instruments, office computer equipment, software licenses, and facility improvements furniture and fixtures as part of its expansion in Mountain View and Santa MonicaOceanside, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the salary 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

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a developer of 3-D wearable virtual imagery devices that are capable of superimposing 3-D imagery onto real world objectsworks with agriculture customers to develop comprehensive energy management plans including, but not limited to, software analysis, remote facility monitoring, renewable power generation, and energy storage. In consideration for the Credit, Xxxxxxxx Taxpayer agrees to hire full- full-time employees and invest in research and development computer equipment, computersvehicles, office equipmentfurniture and fixtures, and facility tenant improvements as part of its expansion in Mountain View Visalia and Santa MonicaClovis, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” Taxpayer may use the salaries of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the salary of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

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Project/Milestones. Taxpayer is a developer performs chemical and physical analysis of 3-D wearable virtual imagery devices that are capable materials to ascertain their performance characteristics and appropriateness of superimposing 3-D imagery onto real world objectsuse in industries such as aerospace, food/beverage production, and pharmaceutical research. In consideration for the Credit, Xxxxxxxx Taxpayer agrees to hire full- full-time employees and invest in research manufacturing and development equipment, computers, office equipment, and facility improvements computer equipment as part of its expansion in Mountain View and Santa MonicaElk Grove, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” Taxpayer may use the salaries of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the salary of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a developer of 3-D wearable virtual imagery devices an electrical consulting firm that are capable of superimposing 3-D imagery onto real world objectsprovides services to utility companies, generator and transmission owners, and solar, wind, hydro, and geothermal energy providers. In consideration for the Credit, Xxxxxxxx Taxpayer agrees to invest in furniture and fixtures and tenant improvements, and hire full- full-time employees and invest in research and development equipment, computers, office equipment, and facility improvements as part of its expansion in Mountain View and Santa MonicaFolsom, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” Taxpayer may use the salaries of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the salary of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a developer of 3-D wearable virtual imagery devices that are capable of superimposing 3-D imagery onto real world objectsdevelops and manufactures 100% biodegradable and compostable serveware and bakeware products. In consideration for the Credit, Xxxxxxxx Taxpayer agrees to hire full- full-time employees and invest in vehicles, furniture and fixtures, manufacturing equipment, laboratory instruments, research and development equipment, computers, office equipmentsoftware licenses, and facility tenant improvements as part of its expansion in Mountain View and Santa MonicaCamarillo, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” Taxpayer may use the salaries of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the salary of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a medical software developer of 3-D wearable virtual imagery devices that are capable of superimposing 3-D imagery onto real world objectsspecializes in billing, logistics, and case management between medical service providers and orthopedic device manufacturers. In consideration for the Credit, Xxxxxxxx agrees to hire full- full-time employees and invest in research an office space, furniture and development equipment, computers, office equipmentfixtures, and facility improvements software licenses as part of its expansion in Mountain View and Santa MonicaSan Diego, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-full- time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” Taxpayer may use the salaries of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the salary of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a developer manufacturer and wholesaler of 3-D wearable virtual imagery devices that are capable of superimposing 3-D imagery onto real world objectsvalves, pipe couplings, filtration systems, and metal parts used in agricultural, mining, industrial, and municipal water systems. In consideration for the Credit, Xxxxxxxx Taxpayer agrees to invest in manufacturing equipment, a manufacturing facility, a warehouse, and delivery vehicles, and hire full- full-time employees and invest in research and development equipment, computers, office equipment, and facility improvements as part of its expansion in Mountain View and Santa MonicaEscalon, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” Taxpayer may use the salaries of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the salary of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a developer of 3-D wearable virtual imagery devices that are capable of superimposing 3-D imagery onto real world objectsinstalls solar panels for commercial and residential properties. In consideration for the Credit, Xxxxxxxx Taxpayer agrees to invest in trucks, software licenses, computer equipment, office furniture, specialized lifts, warehouse and office space, and tenant improvements. In addition, Taxpayer agrees to hire full- full-time employees and invest in research and development equipment, computers, office equipment, and facility improvements as part of its expansion in Mountain View and Santa MonicaApple Valley, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” Taxpayer may use the salaries of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the salary of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer Taxpayer, located in Ventura, California, is a developer of 3-D wearable virtual imagery devices technology services provider that are capable of superimposing 3-D imagery onto real world objectsspecializes in business intelligence (BI) systems, data warehousing, geographic information systems (GIS), custom application development, health analytics, project/program management, and cloud services. In consideration for the Credit, Xxxxxxxx Taxpayer agrees to hire full- time employees and invest in research and development equipmenttenant improvements, computers, office computer equipment, and facility improvements as part of hire full-time employees to support its expansion in Mountain View and Santa Monica, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-Full- time Employees Hired,” Taxpayer may use the salaries of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the salary of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a developer of 3manufacturing company that designs and manufactures zero-D wearable virtual imagery devices that are capable of superimposing 3emission vehicles, and fast-D imagery onto real world objectscharging in-depot systems. In consideration for the Credit, Xxxxxxxx Taxpayer agrees to hire full- full-time employees and invest in software licenses, fleet vehicles, research and development equipment, computersmanufacturing equipment, office computer equipment, and facility tenant improvements as part of its expansion in Mountain View City of Industry, and Santa MonicaBurlingame, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the salary 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

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is an optical filter and coating manufacturer. It specializes in producing glass with a developer of 3thin-D wearable virtual imagery devices that are capable of superimposing 3-D imagery onto real world objectsfilm coating for microscopes, environmental monitoring devices, medical equipment, and other sensing and imaging equipment. In consideration for the Credit, Xxxxxxxx Taxpayer agrees to hire full- full-time employees and invest in research and development equipmentcomputer, computers, office equipmentmanufacturing, and facility improvements laboratory equipment as part of its expansion in Mountain View and Santa MonicaRosa, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the salary 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

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a developer of 3-D wearable virtual imagery devices that are capable of superimposing 3-D imagery onto real world objectsstrategic communications and public relations firm focused on business development. In consideration for the Credit, Xxxxxxxx agrees to hire full- time employees and invest in a vehicle, furniture and fixtures, software licenses, computer equipment, research and development equipment, computers, office equipmentspace, and facility improvements tenant improvements. In addition, Taxpayer agrees to hire full-time employees as part of its expansion in Mountain View and Santa MonicaFresno, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” Taxpayer may use the salaries of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the salary of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a developer of 3-D wearable virtual imagery devices that are capable of superimposing 3-D imagery onto real world objectsfull service dental laboratory serving dentists and other dental laboratories across the country. In consideration for the Credit, Xxxxxxxx agrees to hire full- time employees and invest in tenant improvements, laboratory instruments, computer, manufacturing, and research and development equipment, computerspatents, office equipmentsoftware licenses, vehicles, furniture and fixtures, and facility improvements hire full-time employees as part of its expansion in Mountain View and Santa MonicaIrvine, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” Taxpayer may use the salaries of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the salary of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a developer of 3-D wearable virtual imagery devices biopharmaceutical company that are capable of superimposing 3-D imagery onto real world objectsfocuses on developing treatments for rare diseases and is proposing to move its research and development division to California from another state. In consideration for the Credit, Xxxxxxxx Taxpayer agrees to hire full- full-time employees and invest in tenant improvements, research and development equipment, computers, office equipment, and facility improvements computer equipment as part of its expansion in Mountain View and Santa MonicaSan Diego, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the salary 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

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is provides medical waste treatment services using a developer of 3low-D wearable virtual imagery devices that are capable of superimposing 3-D imagery onto real world objectsemission process to convert waste into clean energy and recover recyclable materials. In consideration for the Credit, Xxxxxxxx Taxpayer agrees to hire full- full-time employees and invest in research and development manufacturing equipment, computerstenant improvements, office computer equipment, and facility improvements furniture and fixtures as part of its expansion in Mountain View and Santa MonicaHesperia, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” Taxpayer may use the salaries of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the salary of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a developer developer, manufacturer, and marketer of 3-D wearable virtual imagery devices that are capable medical technology products focused on the treatment of superimposing 3-D imagery onto real world objectsneurovascular diseases and cerebral aneurysms. In consideration for the Credit, Xxxxxxxx agrees to hire full- full-time employees and invest in research and development equipmentreal property, computerstenant improvements, office equipmentfurniture, and facility improvements manufacturing and laboratory equipment as part of its expansion in Mountain View and Santa MonicaAliso Viejo, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” Taxpayer may use the salaries of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the salary of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a developer of 3-D wearable virtual imagery devices digital service company that are capable of superimposing 3-D imagery onto real world objectsprovides via an online and mobile application meditation sessions to promote a healthy mindset. In consideration for the Credit, Xxxxxxxx Taxpayer agrees to hire full- time employees and invest in research furniture and development fixtures, software licenses, computer equipment, computers, office equipmenttenant improvements, and facility improvements office space as part of its expansion in Mountain View Santa Xxxxxx, Los Angeles, and Santa MonicaSan Francisco, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the salary 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

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a developer of 3-D wearable virtual imagery devices that are capable of superimposing 3-D imagery onto real world objectscivil and environmental engineering firm offering services to municipal agencies and utility companies. Specifically, Taxpayer provides stormwater pollution prevention, water quality verification, and wetland project implementation. In consideration for the Credit, Xxxxxxxx agrees to hire full- time employees and invest in research and development equipmentvehicles, computers, office computer equipment, and facility improvements office space, and hire full-time employees as part of its expansion in Mountain View San Diego, Ontario, and Santa MonicaDel Mar, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” Taxpayer may use the salaries of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the salary of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a developer developer, manufacturer, and marketer of 3-D wearable virtual imagery devices that are capable medical technology products focused on the treatment of superimposing 3-D imagery onto real world objectsneurovascular diseases and cerebral aneurysms. In consideration for the Credit, Xxxxxxxx Taxpayer agrees to hire full- full-time employees and invest in research and development equipmentreal property, computerstenant improvements, office equipmentfurniture, and facility improvements manufacturing and laboratory equipment as part of its expansion in Mountain View and Santa MonicaAliso Viejo, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” Taxpayer may use the salaries of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the salary of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a developer of 3-D wearable virtual imagery devices that are capable of superimposing 3-D imagery onto real world objectsmanufactures liquid and gaseous oxygen and nitrogen generators for the military, medical, water and wastewater treatment, and oil and gas industries. In consideration for the Credit, Xxxxxxxx Taxpayer agrees to hire full- full-time employees and invest in research and development manufacturing equipment, computerssoftware licenses, office computer equipment, and facility tenant improvements as part of its expansion in Mountain View and Santa MonicaRiverside, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” Taxpayer may use the salaries of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the salary of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a developer of 3-D wearable virtual imagery devices that are capable of superimposing 3-D imagery onto real world objectsMaster Ship Repair contractor for the U.S. Navy and operates a full service shipyard in San Diego, California. In consideration for the Credit, Xxxxxxxx Taxpayer agrees to modernize and expand its San Diego, California shipyard facilities. Additionally, Taxpayer will hire full- full-time employees to support its modernization and invest in research and development equipment, computers, office equipment, and facility improvements as part of its expansion in Mountain View and Santa Monica, California efforts (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A “A” (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of fullFull-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” Taxpayer may use the salaries of any of the fullFull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by Taxpayer the 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

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is operates a developer personal finance website that allows users to compare the costs and benefits of 3-D wearable virtual imagery devices that are capable of superimposing 3-D imagery onto real world objectsvarious financial instruments, including credit cards, insurance, loans, health care premiums, and investments. In consideration for the Credit, Xxxxxxxx Taxpayer agrees to invest in tenant improvements and computer equipment and hire full- full-time employees and invest in research and development equipment, computers, office equipment, and facility improvements as part of its expansion in Mountain View and Santa MonicaSan Francisco, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” Taxpayer may use the salaries of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the salary of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a developer of 3-D wearable virtual imagery devices that are capable of superimposing 3-D imagery onto real world objectscivil and environmental engineering firm offering services to municipal agencies and utility companies. Specifically, Taxpayer provides stormwater pollution prevention, water quality verification, and wetland project implementation. In consideration for the Credit, Xxxxxxxx Taxpayer agrees to hire full- time employees and invest in research and development equipmentvehicles, computers, office computer equipment, and facility improvements office space, and hire full-time employees as part of its expansion in Mountain View San Diego, Ontario, and Santa MonicaDel Mar, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” Taxpayer may use the salaries of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the salary of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a developer of 3-D wearable virtual imagery devices that are capable of superimposing 3-D imagery onto real world objectsTaxpayer, located in San Diego, California, provides machining, welding/fabrication, and machinery repair services to manufacturers, contractors, and government entities. In consideration for the Credit, Xxxxxxxx agrees to purchase real property in San Diego, California, make tenant improvements, and purchase manufacturing equipment. Additionally, Taxpayer will hire full- full-time employees and invest in research and development equipment, computers, office equipment, and facility improvements as part of its expansion in Mountain View and Santa Monica, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” Taxpayer may use the salaries of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the salary of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a developer of 3-D wearable virtual imagery devices operates as an environmental consulting firm that are capable of superimposing 3-D imagery onto real world objectsassists land owners to navigate planning regulations and the coastal zone planning permit processes. In consideration for the Credit, Xxxxxxxx Taxpayer agrees to hire full- full-time employees and invest in research and development computer equipment, computersfurniture and fixtures, office equipmentsoftware licenses, tenant improvements, and facility improvements office space as part of its expansion in Mountain View and Santa MonicaFort Xxxxx, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the salary 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

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a developer of 3an automotive finance company located in Irvine and Newport Beach, California that provides financial products to Hyundai and Kia dealerships throughout the country, as well as their car-D wearable virtual imagery devices that are capable of superimposing 3-D imagery onto real world objectsbuying customers. In consideration for the Credit, Xxxxxxxx agrees to invest in tenant improvements, computer hardware, software development, and information technology infrastructure, and hire full- full-time employees and invest in research and development equipment, computers, office equipment, and facility improvements as part of its expansion in Mountain View and Santa Monica, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A “A” (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of fullFull-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” Taxpayer may use the salaries of any of the fullFull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by Taxpayer the 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

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a developer of 3-D wearable virtual imagery devices that are capable of superimposing 3-D imagery onto real world objectsdevelops and intends to manufacture electric vehicles including competitive racing and electric consumer automobiles. In consideration for the Credit, Xxxxxxxx agrees to hire full- full-time employees and invest in research computer and development manufacturing equipment, computersreal property, office equipmentfurniture and fixtures, vehicles, and facility tenant improvements as part of its expansion in Mountain View at various locations throughout California, including Gardena, Rancho Xxxxxxxxx, and Santa Monica, California San Xxxx (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-Full- time Employees Hired,” Taxpayer may use the salaries of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the salary of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a developer of 3-D wearable virtual imagery devices that are capable of superimposing 3-D imagery onto real world objectsgarage door repair and installation service provider. In addition, Taxpayer builds custom wood and glass garage doors for work spaces and restaurants. In consideration for the Credit, Xxxxxxxx agrees to invest in trucks, office and warehouse space, and tenant improvements, and hire full- full-time employees and invest in research and development equipment, computers, office equipment, and facility improvements as part of its expansion in Mountain View Gold River and Santa MonicaSan Rafael, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” Taxpayer may use the salaries of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the salary of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a developer of 3-D wearable virtual imagery devices bread products manufacturer that are capable of superimposing 3-D imagery onto real world objectssells its products to restaurants, national retailers, food service distributors, health food stores, and other customers. In consideration for the Credit, Xxxxxxxx Taxpayer agrees to hire full- full-time employees and invest in research and development food processing equipment, computersfurniture and fixtures, office computer equipment, and facility tenant improvements as part of its expansion in Mountain View and Santa MonicaWest Sacramento, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the salary 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

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a developer of 3-D wearable virtual imagery devices that are capable of superimposing 3-D imagery onto real world objectsheating, ventilation, air conditioning and solar installation and repair company. In consideration for the Credit, Xxxxxxxx Taxpayer agrees to invest in computer equipment, trucks, software licenses, furniture and fixtures, showroom space, and tenant improvements, and hire full- full-time employees and invest in research and development equipment, computers, office equipment, and facility improvements as part of its expansion in Mountain View Bakersfield, Ventura, and Santa MonicaRedding, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” Taxpayer may use the salaries of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the salary of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a developer of 3-D wearable virtual imagery devices that are capable of superimposing 3-D imagery onto real world objectsTaxpayer, located in San Diego, California, provides machining, welding/fabrication, and machinery repair services to manufacturers, contractors, and government entities. In consideration for the Credit, Xxxxxxxx Taxpayer agrees to purchase real property in San Diego, California, make tenant improvements, and purchase manufacturing equipment. Additionally, Taxpayer will hire full- full-time employees and invest in research and development equipment, computers, office equipment, and facility improvements as part of its expansion in Mountain View and Santa Monica, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” Taxpayer may use the salaries of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the salary of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a developer of 3-D wearable virtual imagery devices that are capable of superimposing 3-D imagery onto real world objectsprovides specialized logistics services to businesses, including freight management, warehouse and distribution solutions, insurance, and risk management consulting. In consideration for the Credit, Xxxxxxxx agrees to hire full- full-time employees and invest in research tenant improvements, manufacturing and development equipment, computers, office computer equipment, and facility improvements furniture and fixtures as part of its expansion in Mountain View and Santa MonicaCarson or Los Angeles, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” Taxpayer may use the salaries of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the salary of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer The Credit Recipient is a developer of 3-D wearable virtual imagery devices that are capable of superimposing 3-D imagery onto real world objectslight rail vehicle manufacturer in Palmdale, California. In consideration for the Credit, Xxxxxxxx Credit Recipient agrees to hire full- time employees expand its light rail manufacturing capacity, and invest in research manufacturing equipment and development equipmenttenant improvements. Additionally, computerspursuant to the terms of the Co-Employer Agreement, office equipment, and facility improvements as part of Credit Recipient will hire full-time employees to support its expansion in Mountain View and Santa Monica, California goals (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A “A” (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of fullFull-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” Taxpayer may use the salaries of any of the fullFull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by Taxpayer the 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

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a developer of 3-D wearable virtual imagery devices maritime engineering firm that are capable of superimposing 3-D imagery onto real world objectsspecializes in design, repair and maintenance, IT support, logistical, and warehousing services. In consideration for the Credit, Xxxxxxxx Taxpayer agrees to hire full- full-time employees and invest in research office space, furniture and development fixtures, computer equipment, computers, office equipmentvehicles, and facility improvements software as part of its expansion in Mountain View National City and Santa MonicaSan Diego, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” Taxpayer may use the salaries of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the salary of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a developer commercial lighting distributor offering a variety of 3-D wearable virtual imagery devices that are capable of superimposing 3-D imagery onto real world objectsservices for electrical contractors, including energy efficient lighting plan development, and lamps and fixtures sales, recycling, and disposal. In consideration for the Credit, Xxxxxxxx agrees to hire full- full-time employees and invest in research and development equipmenttenant improvements, computers, office computer equipment, and facility improvements furniture and fixtures as part of its expansion in Mountain View and Santa MonicaCarlsbad, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” Taxpayer may use the salaries of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the salary of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a developer manufacturer of 3pre-D wearable virtual imagery devices that are capable of superimposing 3-D imagery onto real world objectscast concrete structures including utility boxes, manholes, concrete pipes, wind turbine foundations, and storm water treatment systems. In consideration for the Credit, Xxxxxxxx Taxpayer agrees to hire full- full-time employees and invest in research and development equipmentvehicles, computerspatents, office manufacturing equipment, and facility tenant improvements as part of its expansion in Mountain View Suisun and Santa MonicaSimi Valley, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” Taxpayer may use the salaries of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the salary of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a developer of 3-D wearable virtual imagery devices that are capable of superimposing 3-D imagery onto real world objectsmanufactures electric and conventional industrial and commercial vehicles such as electric carts and trams. In consideration for the Credit, Xxxxxxxx Taxpayer agrees to hire full- full-time employees and invest in research furniture and development fixtures, manufacturing, computer and heavy equipment, computerssoftware licenses, office equipmenttenant improvements, and facility improvements office space as part of its expansion in Mountain View Anaheim and Santa MonicaOrange or Los Angeles County, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the salary 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

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a developer provider of 3healthcare information systems and connectivity solutions. Specifically, Taxpayer offers a cloud-D wearable virtual imagery devices that are capable of superimposing 3-D imagery onto real world objectsbased platform to organize and maintain electronic health records for healthcare professionals. In consideration for the Credit, Xxxxxxxx agrees to invest in office space and tenant improvements, and hire full- full-time employees and invest in research and development equipment, computers, office equipment, and facility improvements as part of its expansion in Mountain View Irvine and Santa MonicaCosta Mesa, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” Taxpayer may use the salaries of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the salary of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a developer titanium and aluminum forger of 3-D wearable virtual imagery devices large aerospace parts. Taxpayer has certified in its application that are capable absent a CCTC award, it may terminate or relocate all or a portion of superimposing 3-D imagery onto real world objectsits employees in California; and, its project may occur in another state. In consideration for the Credit, Xxxxxxxx agrees to hire full- time employees and invest in research and development equipmenttenant improvements, computers, office purchase manufacturing equipment, and facility improvements as part of its expansion in Mountain View and Santa Monica, California hire full-time employees (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” Taxpayer may use the salaries of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the salary of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a developer of 3-D wearable virtual imagery devices that are capable of superimposing 3-D imagery onto real world objectsmanufactures coatings and various products using platinum group metals used in medical supplies, glass products, sparkplugs and electronic equipment. In consideration for the Credit, Xxxxxxxx Taxpayer agrees to expand its operations in two locations, San Xxxx and San Diego, California. As part of this expansion, Taxpayer will invest in manufacturing equipment and hire full- full-time employees and invest in research and development equipment, computers, office equipment, and facility improvements as part of its expansion in Mountain View and Santa Monica, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A “A” (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of fullFull-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” Taxpayer may use the salaries of any of the fullFull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by Taxpayer the 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

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a developer of 3-D wearable virtual imagery devices that are capable of superimposing 3-D imagery onto real world objectsprovides specialized logistics services to businesses, including freight management, warehouse and distribution solutions, insurance, and risk management consulting. In consideration for the Credit, Xxxxxxxx Taxpayer agrees to hire full- full-time employees and invest in research tenant improvements, manufacturing and development equipment, computers, office computer equipment, and facility improvements furniture and fixtures as part of its expansion in Mountain View and Santa MonicaXxxxxx or Los Angeles, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” Taxpayer may use the salaries of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the salary of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

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