Common use of Project/Milestones Clause in Contracts

Project/Milestones. Taxpayer provides nutritionally appropriate and regulatory compliant emergency nutrition solutions to hospitals and other care facilities. Taxpayer has certified in its application that absent award of the CCTC, the project may occur in another state and it may terminate all or a portion of its employees in California or relocate all or a portion of its employees in California to another state. In consideration for the Credit, Taxpayer agrees to hire full-time employees and invest in a facility, furniture and fixtures, computer equipment, and software licenses as part of its expansion in Sacramento County, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”). In addition, Taxpayer must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full- Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Wage of California Full-time Employees Hired,” Taxpayer may use the wages of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Wage of California Full-time Employees Hired,” the wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 2 contracts

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

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Project/Milestones. Taxpayer provides nutritionally appropriate is a developer of educational games and regulatory compliant emergency nutrition solutions to hospitals and other care facilities. Taxpayer has certified in its application that absent award of the CCTC, the project may occur in another state and it may terminate all or a portion of its employees in California or relocate all or a portion of its employees in California to another stateactivities for children. In consideration for the Credit, Taxpayer agrees to hire full-time employees and invest in a facility, furniture and fixtures, and computer equipment, and software licenses equipment as part of its expansion in Sacramento CountyLathrop and Mountain View, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”). In addition, Taxpayer must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full- Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Wage of California Full-time Employees Hired,” Taxpayer may use the wages of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Wage of California Full-time Employees Hired,” the wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 2 contracts

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

Project/Milestones. Taxpayer provides nutritionally appropriate is a rice processor and regulatory compliant emergency nutrition solutions to hospitals and other care facilitiesdistributor. Taxpayer has certified in that at least 75% of its application that absent award net increase of full-time employees will work at least 75% of the CCTC, time in Xxxxxxxx. Xxxxxxxx was an Area of High Unemployment and/or an Area of High Poverty at the project may occur in another state and it may terminate all or a portion of time Taxpayer submitted its employees in California or relocate all or a portion of its employees in California to another stateapplication. In consideration for the Credit, Taxpayer agrees to hire full-time employees and invest in a facility, furniture and fixturestenant improvements, computer equipment, manufacturing equipment, heavy equipment, and software licenses vehicles as part of its expansion in Sacramento CountyWilliams, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”). In addition, Taxpayer ) and must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full- Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Wage of California Full-time Employees Hired,” Taxpayer may use the wages of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Wage of California Full-time Employees Hired,” the wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 2 contracts

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

Project/Milestones. Taxpayer provides nutritionally appropriate is an internet based bank and regulatory compliant emergency nutrition solutions to hospitals and other care facilities. Taxpayer has certified in its application that absent award of the CCTC, the project may occur in another state and it may terminate all or a portion of its employees in California or relocate all or a portion of its employees in California to another statefinancial savings institution. In consideration for the Credit, Taxpayer agrees to hire full-time employees and invest in a facilitycomputer equipment, furniture and fixtures, computer equipment, and software licenses tenant improvements as part of its expansion in Sacramento CountySan Diego, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”). In addition, Taxpayer must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full- Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Wage of California Full-time Employees Hired,” Taxpayer may use the wages of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Wage of California Full-time Employees Hired,” the wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 2 contracts

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

Project/Milestones. Taxpayer provides nutritionally appropriate is a software developer that designs custom software solutions for data aggregation, process management, and regulatory compliant emergency nutrition solutions to hospitals and other care facilities. Taxpayer has certified in its application that absent award of the CCTC, the project may occur in another state and it may terminate all or a portion of its employees in California or relocate all or a portion of its employees in California to another statebusiness reporting. In consideration for the Credit, Taxpayer agrees to hire full-time employees and invest in a facility, furniture and fixtures, computer equipment, and software licenses and computer equipment as part of its expansion in Sacramento CountySan Diego, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”). In addition, Taxpayer must ) and to maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full- Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. Prior to entering into this Agreement, Taxpayer entered into a Co-Employer Agreement with Insperity PEO Services, L.P. (Insperity), a professional employer organization (PEO), to administer some or all of Taxpayer’s employee management responsibilities. For purposes of satisfying the milestones and terms and conditions of this Agreement, Taxpayer is deemed the legal employer of those California employees with whom Taxpayer and Insperity, or successor PEO, share joint employment. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Wage of California Full-time Employees Hired,” Taxpayer may use the wages of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Wage of California Full-time Employees Hired,” the wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 2 contracts

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

Project/Milestones. Taxpayer provides nutritionally appropriate and regulatory compliant emergency nutrition solutions to hospitals and other care facilities. Taxpayer has certified in its application that absent award is a manufacturer of the CCTC, the project may occur in another state and it may terminate all or a portion of its employees in California or relocate all or a portion of its employees in California to another staterapid molecular diagnostic test systems. In consideration for the Credit, Taxpayer Xxxxxxxx agrees to hire full-time employees and invest in a facility, furniture and fixtures, computer equipmenttenant improvement, and software licenses manufacturing equipment as part of its expansion in Sacramento Lodi and Santa Clara County, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”). In addition, Taxpayer must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full- Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Wage of California Full-time Employees Hired,” Taxpayer may use the wages of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Wage of California Full-time Employees Hired,” the wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 2 contracts

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

Project/Milestones. Taxpayer provides nutritionally appropriate is a designer and regulatory compliant emergency nutrition solutions to hospitals and other care facilitiesmanufacturer of display fixtures with a focus on produce departments in grocery stores. Taxpayer has certified in its application that absent award of the CCTC, the its project may occur in another state and it may terminate all or a portion state. Further, Taxpayer certified in its application that at least 75% of its net increase of full-time employees will work at least 75% of the time in California or relocate all or a portion the city of Xxxxxxx. Compton was an area of high unemployment and/or poverty at the time Taxpayer submitted its employees in California to another stateapplication. In consideration for the Credit, Taxpayer agrees to hire full-time employees and invest in a facilitymanufacturing equipment, furniture and fixtures, computer equipment, fleet vehicles, tenant improvements, and software licenses a facility as part of its expansion in Sacramento CountyCompton, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”). In addition, Taxpayer ) and must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full- Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Wage of California Full-time Employees Hired,” Taxpayer may use the wages of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Wage of California Full-time Employees Hired,” the wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer provides nutritionally appropriate develops new technology and regulatory compliant emergency nutrition solutions products to hospitals treat wastewater in municipal, industrial, and other care facilitiesagricultural markets. Taxpayer has certified in that at least 75% of its application that absent award net increase of full-time employees will work at last 75% of the CCTC, time in Bakersfield. Bakersfield was an Area of High Unemployment and/or an Area of High Poverty at the project may occur in another state and it may terminate all or a portion of time Taxpayer submitted its employees in California or relocate all or a portion of its employees in California to another stateapplication. In consideration for the Credit, Taxpayer Xxxxxxxx agrees to hire full-time employees and invest in a facility, furniture and fixtures, computer equipment, and software licenses equipment as part of its expansion in Sacramento CountyBakersfield, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”). In addition, Taxpayer ) and must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full- Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Wage of California Full-time Employees Hired,” Taxpayer may use the wages of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Wage of California Full-time Employees Hired,” the wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer provides nutritionally appropriate is a nutritional and regulatory compliant emergency nutrition solutions to hospitals and other care facilitiesmedical product manufacturer. Taxpayer has certified in its application that absent award of the CCTC, the its project may occur in another state and state; and, it may terminate all or a portion of its employees in California or relocate all or a portion of its employees in California to another state. In consideration for the Credit, Taxpayer Xxxxxxxx agrees to hire full-time employees and invest in a facility, furniture and fixtures, computer manufacturing equipment, laboratory instruments, research and development equipment, and software licenses a facility as part of its expansion in Sacramento Countythe City of Industry, Duarte, and a location to be determined in California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”). In addition, Taxpayer ) and must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full- Time Employees Hired”) for a minimum of three (3) taxable years thereafter. Prior to entering into this Agreement, Taxpayer entered into a Co-Employer Agreement with TriNet HR Corporation (TriNet), a professional employer organization (PEO), to administer Taxpayer’s employee management responsibilities. For purposes of satisfying the milestones, terms, and conditions of this Agreement, Taxpayer is deemed the legal employer of those employees with whom Taxpayer and TriNet, or successor PEO, share joint employment. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Wage of California Full-time Employees Hired,” Taxpayer may use the wages of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Wage of California Full-time Employees Hired,” the wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer provides nutritionally appropriate is a manufacturer of protein-based chemical compounds for the cosmetic, veterinary, and regulatory compliant emergency nutrition solutions to hospitals and other care facilitiespharmaceutical industries. Taxpayer has certified in its application that absent award of the CCTCCalifornia Competes Tax Credit, the its project may will occur in another state and state; and, it may will terminate all or a portion of its employees in California or relocate all or a portion of its employees in California to another state. In consideration for the Credit, Taxpayer Xxxxxxxx agrees to hire full-time employees and invest in manufacturing equipment and a facility, furniture and fixtures, computer equipment, and software licenses facility as part of its expansion in Sacramento CountyTorrance and San Diego, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”). In addition, Taxpayer must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full- Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Wage of California Full-time Employees Hired,” Taxpayer may use the wages of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Wage of California Full-time Employees Hired,” the wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer provides nutritionally appropriate prepares and regulatory compliant emergency nutrition solutions delivers meal kits that include fresh organic ingredients with recipes for customers to hospitals and other care facilitiescook at home. Taxpayer has certified in its application that absent award of the CCTC, the its project may occur in another state and it may terminate all or a portion state. Further, Taxpayer certified in its application that at least 75% of its net increase of full-time employees will work at least 75% of the time in California or relocate all or a portion the city of Fresno. Fresno was an Area of High Unemployment and/or an Area of High Poverty at the time Taxpayer submitted its employees in California to another stateapplication. In consideration for the Credit, Taxpayer agrees to hire full-time employees and invest in computer equipment, a facility, furniture and fixtures, computer equipmenttenant improvements, and software licenses food processing equipment as part of its expansion in Sacramento CountyFresno, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”). In addition, Taxpayer ) and must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full- Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Wage of California Full-time Employees Hired,” Taxpayer may use the wages of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Wage of California Full-time Employees Hired,” the wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer provides nutritionally appropriate is a reusable glass bottled water manufacturing and regulatory compliant emergency nutrition solutions to hospitals and other care facilities. Taxpayer has certified in its application that absent award of the CCTC, the project may occur in another state and it may terminate all or a portion of its employees in California or relocate all or a portion of its employees in California to another statedistribution company. In consideration for the Credit, Taxpayer Xxxxxxxx agrees to hire full-time employees and invest in a facility, furniture tenant improvements and fixtures, computer equipment, and software licenses manufacturing equipment as part of its expansion in Sacramento CountyRichmond, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”). In addition, Taxpayer must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full- Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Wage of California Full-time Employees Hired,” Taxpayer may use the wages of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Wage of California Full-time Employees Hired,” the wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer provides nutritionally appropriate is a reusable glass bottled water manufacturing and regulatory compliant emergency nutrition solutions to hospitals and other care facilities. Taxpayer has certified in its application that absent award of the CCTC, the project may occur in another state and it may terminate all or a portion of its employees in California or relocate all or a portion of its employees in California to another statedistribution company. In consideration for the Credit, Taxpayer agrees to hire full-time employees and invest in a facility, furniture tenant improvements and fixtures, computer equipment, and software licenses manufacturing equipment as part of its expansion in Sacramento CountyRichmond, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”). In addition, Taxpayer must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full- Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Wage of California Full-time Employees Hired,” Taxpayer may use the wages of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Wage of California Full-time Employees Hired,” the wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer provides nutritionally appropriate and regulatory compliant emergency nutrition is a web-based survey solutions to hospitals and other care facilities. Taxpayer has certified in its application that absent award of the CCTC, the project may occur in another state and it may terminate all or a portion of its employees in California or relocate all or a portion of its employees in California to another stateprovider. In consideration for the Credit, Taxpayer Xxxxxxxx agrees to hire full-time employees and invest in a facilitycomputer equipment, furniture and fixtures, computer equipment, and software licenses tenant improvements as part of its expansion in Sacramento CountySan Mateo, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”). In addition, Taxpayer must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full- Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Wage of California Full-time Employees Hired,” Taxpayer may use the wages of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Wage of California Full-time Employees Hired,” the wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer provides nutritionally appropriate is an online baby registry and regulatory compliant emergency nutrition solutions to hospitals and other care facilities. Taxpayer has certified in its application that absent award of the CCTC, the project may occur in another state and it may terminate all or a portion of its employees in California or relocate all or a portion of its employees in California to another statee-commerce business. In consideration for the Credit, Taxpayer agrees to hire full-time employees and invest in a facility, computer equipment and furniture and fixtures, computer equipment, and software licenses fixtures as part of its expansion in Sacramento CountyOakland and Sacramento, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”). In addition, Taxpayer must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full- Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Wage of California Full-time Employees Hired,” Taxpayer may use the wages of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Wage of California Full-time Employees Hired,” the wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer provides nutritionally appropriate and regulatory compliant emergency nutrition solutions to hospitals and other care facilitiesis a machine shop. Taxpayer has certified in its application that absent award of the CCTCCalifornia Competes Tax Credit, the its project may occur in another state and state; and, it may terminate all or a portion of its employees in California or relocate all or a portion of its employees in California to another state. In consideration for the Credit, Taxpayer agrees to hire full-time employees and invest in manufacturing equipment and a facility, furniture and fixtures, computer equipment, and software licenses facility as part of its expansion in Sacramento CountySan Diego, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”). In addition, Taxpayer must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full- Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Wage of California Full-time Employees Hired,” Taxpayer may use the wages of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Wage of California Full-time Employees Hired,” the wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer provides nutritionally appropriate is a software developer that designs custom software solutions for data aggregation, process management, and regulatory compliant emergency nutrition solutions to hospitals and other care facilities. Taxpayer has certified in its application that absent award of the CCTC, the project may occur in another state and it may terminate all or a portion of its employees in California or relocate all or a portion of its employees in California to another statebusiness reporting. In consideration for the Credit, Taxpayer Xxxxxxxx agrees to hire full-time employees and invest in a facility, furniture and fixtures, computer equipment, and software licenses and computer equipment as part of its expansion in Sacramento CountySan Diego, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”). In addition, Taxpayer must ) and to maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full- Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. Prior to entering into this Agreement, Xxxxxxxx entered into a Co-Employer Agreement with Insperity PEO Services, L.P. (Insperity), a professional employer organization (PEO), to administer some or all of Taxpayer’s employee management responsibilities. For purposes of satisfying the milestones and terms and conditions of this Agreement, Taxpayer is deemed the legal employer of those California employees with whom Taxpayer and Insperity, or successor PEO, share joint employment. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Wage of California Full-time Employees Hired,” Taxpayer may use the wages of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Wage of California Full-time Employees Hired,” the wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer provides nutritionally appropriate and regulatory compliant emergency nutrition solutions to hospitals and other care facilities. Taxpayer has certified is a biotechnology company specializing in its application that absent award the development of the CCTC, the project may occur in another state and it may terminate all or a portion of its employees in California or relocate all or a portion of its employees in California to another statecancer therapies. In consideration for the Credit, Taxpayer Xxxxxxxx agrees to hire full-time employees and invest in a facilityfacilities, furniture and fixturestenant improvements, manufacturing equipment, computer equipment, and software licenses research and development equipment as part of its expansion in Sacramento CountySouth San Francisco, Alameda, Fremont, Milpitas, and Newark, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”). Prior to entering into this Agreement, Xxxxxxxx entered into a Co-Employer Agreement with Insperity PEO Services, L.P. (Insperity), a professional employer organization (PEO), to administer Taxpayer’s employee management responsibilities. For purposes of satisfying the milestones, terms, and conditions of this Agreement, Taxpayer is deemed the legal employer of those employees with whom Taxpayer and Insperity, or successor PEO, share joint employment. In addition, Taxpayer must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full- Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Wage of California Full-time Employees Hired,” Taxpayer may use the wages of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Wage of California Full-time Employees Hired,” the wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer provides nutritionally appropriate develops new technology and regulatory compliant emergency nutrition solutions products to hospitals treat wastewater in municipal, industrial, and other care facilitiesagricultural markets. Taxpayer has certified in that at least 75% of its application that absent award net increase of full-time employees will work at last 75% of the CCTC, time in Bakersfield. Bakersfield was an Area of High Unemployment and/or an Area of High Poverty at the project may occur in another state and it may terminate all or a portion of time Taxpayer submitted its employees in California or relocate all or a portion of its employees in California to another stateapplication. In consideration for the Credit, Taxpayer agrees to hire full-time employees and invest in a facility, furniture and fixtures, computer equipment, and software licenses equipment as part of its expansion in Sacramento CountyBakersfield, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”). In addition, Taxpayer ) and must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full- Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Wage of California Full-time Employees Hired,” Taxpayer may use the wages of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Wage of California Full-time Employees Hired,” the wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer provides nutritionally appropriate and regulatory compliant emergency nutrition solutions to hospitals and other care facilities. Taxpayer has certified in its application that absent award is manufacturer of the CCTC, the project may occur in another state and it may terminate all or a portion of its employees in California or relocate all or a portion of its employees in California to another stateelectric vehicle charging products. In consideration for the Credit, Taxpayer agrees to hire full-time employees and invest in a facilitymanufacturing equipment, computers, and furniture and fixtures, computer equipment, and software licenses fixtures as part of its expansion in Sacramento CountySan Marcos, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”). In addition, Taxpayer must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full- Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Wage of California Full-time Employees Hired,” Taxpayer may use the wages of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Wage of California Full-time Employees Hired,” the wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer provides nutritionally appropriate is a rice processor and regulatory compliant emergency nutrition solutions to hospitals and other care facilitiesdistributor. Taxpayer has certified in that at least 75% of its application that absent award net increase of full-time employees will work at least 75% of the CCTC, time in Xxxxxxxx. Xxxxxxxx was an Area of High Unemployment and/or an Area of High Poverty at the project may occur in another state and it may terminate all or a portion of time Taxpayer submitted its employees in California or relocate all or a portion of its employees in California to another stateapplication. In consideration for the Credit, Taxpayer Xxxxxxxx agrees to hire full-time employees and invest in a facility, furniture and fixturestenant improvements, computer equipment, manufacturing equipment, heavy equipment, and software licenses vehicles as part of its expansion in Sacramento CountyWilliams, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”). In addition, Taxpayer ) and must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full- Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Wage of California Full-time Employees Hired,” Taxpayer may use the wages of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Wage of California Full-time Employees Hired,” the wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer provides nutritionally appropriate and regulatory compliant emergency nutrition solutions to hospitals and other care facilitiesis a mobile game application developer. Taxpayer has certified in its application that absent award of the CCTC, the its project may occur in another state and state; and, it may terminate all or a portion of its employees in California or relocate all or a portion of its employees in California to another state. In consideration for the Credit, Taxpayer agrees to hire full-time employees and invest in a facilitysoftware licenses, furniture and fixtures, computer equipment, facilities, tenant improvements, and software licenses intellectual property as part of its expansion in Sacramento CountyCulver City, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”). In addition, Taxpayer ) and must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full- Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Wage Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Wage Salary of California Full-time Employees Hired,” Taxpayer may use the wages salaries of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Wage Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Wage Salary of California Full-time Employees Hired,” the wage salary of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage 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 provides nutritionally appropriate is a stock and regulatory compliant emergency nutrition solutions to hospitals and other care facilitiescustom-made blow molded plastic product manufacturer. Taxpayer has certified in its application that absent award of the CCTCCalifornia Competes Tax Credit, the its project may occur in another state and state; and, it may terminate all or a portion of its employees in California or relocate all or a portion of its employees in California to another state. In consideration for the Credit, Taxpayer Xxxxxxxx agrees to hire full-time employees and invest in a facility, manufacturing equipment, furniture and fixtures, computer equipment, and software licenses tenant improvements as part of its expansion in Sacramento CountySan Bernardino, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”). In addition, Taxpayer must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full- Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Wage of California Full-time Employees Hired,” Taxpayer may use the wages of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Wage of California Full-time Employees Hired,” the wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer provides nutritionally appropriate is a foreign-direct, start-up design, engineering, and regulatory compliant emergency nutrition solutions to hospitals manufacturing company that will manufacture integrated, whole-house engineered timber frame building systems for residential and other care facilitieslight commercial construction markets. Taxpayer has certified in that at least 75% of its application that absent award net increase of full-time employees will work at least 75% of the CCTC, time in San Joaquin county. San Joaquin county was an Area of High Unemployment and/or an Area of High Poverty at the project may occur in another state and it may terminate all or a portion of time Taxpayer submitted its employees in California or relocate all or a portion of its employees in California to another stateapplication. In consideration for the Credit, Taxpayer agrees to hire full-time employees and invest in a facility, furniture and fixturesmanufacturing equipment, computer equipment, software licenses, automation software, tenant improvements, vehicles, and software licenses a facility as part of its expansion in Sacramento CountyRipon, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”). In addition, Taxpayer ) and must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full- Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Wage of California Full-time Employees Hired,” Taxpayer may use the wages of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Wage of California Full-time Employees Hired,” the wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer provides nutritionally appropriate and regulatory compliant emergency nutrition develops software solutions to hospitals and other care facilities. Taxpayer has certified in its application that absent award of the CCTC, the project may occur in another state and it may terminate all or a portion of its employees in California or relocate all or a portion of its employees in California to another statefor employee performance management. In consideration for the Credit, Taxpayer Xxxxxxxx agrees to hire full-time employees and invest in a facilityintellectual property, furniture research and fixtures, computer development equipment, software licenses, and software licenses computer equipment as part of its expansion in Sacramento CountySan Jose, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”). In addition, Taxpayer must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full- Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Wage of California Full-time Employees Hired,” Taxpayer may use the wages of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Wage of California Full-time Employees Hired,” the wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer provides nutritionally appropriate is a foreign-direct, start-up design, engineering, and regulatory compliant emergency nutrition solutions to hospitals manufacturing company that will manufacture integrated, whole-house engineered timber frame building systems for residential and other care facilitieslight commercial construction markets. Taxpayer has certified in that at least 75% of its application that absent award net increase of full-time employees will work at least 75% of the CCTC, time in San Xxxxxxx county. San Xxxxxxx county was an Area of High Unemployment and/or an Area of High Poverty at the project may occur in another state and it may terminate all or a portion of time Taxpayer submitted its employees in California or relocate all or a portion of its employees in California to another stateapplication. In consideration for the Credit, Taxpayer agrees to hire full-time employees and invest in a facility, furniture and fixturesmanufacturing equipment, computer equipment, software licenses, automation software, tenant improvements, vehicles, and software licenses a facility as part of its expansion in Sacramento CountyRipon, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”). In addition, Taxpayer ) and must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full- Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Wage of California Full-time Employees Hired,” Taxpayer may use the wages of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Wage of California Full-time Employees Hired,” the wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer provides nutritionally appropriate is a manufacturer of high precision machined metal and regulatory compliant emergency nutrition solutions to hospitals plastic components primarily used in aerospace and other care facilitiesmilitary applications. Taxpayer has certified in its application that absent award of the CCTCCalifornia Competes Tax Credit, the its project may will occur in another state and state; and, it may will terminate all or a portion of its employees in California or relocate all or a portion of its employees in California to another state. In consideration for the Credit, Taxpayer agrees to hire full-time employees and invest in manufacturing equipment, a facility, furniture and fixtures, computer equipment, and software licenses tenant improvements as part of its expansion in Sacramento CountyOrange, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”). In addition, Taxpayer must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full- Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Wage of California Full-time Employees Hired,” Taxpayer may use the wages of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Wage of California Full-time Employees Hired,” the wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer provides nutritionally appropriate and regulatory compliant emergency nutrition solutions is a financial services company offering installment loans to hospitals and other care facilities. Taxpayer has certified in its application that absent award of the CCTC, the project may occur in another state and it may terminate all or a portion of its employees in California or relocate all or a portion of its employees in California to another stateconsumers making online purchases. In consideration for the Credit, Taxpayer Xxxxxxxx agrees to hire full-time employees and invest in a facility, furniture computer equipment and fixtures, computer equipment, and software licenses office space as part of its expansion in Sacramento CountySan Francisco, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”). In addition, Taxpayer must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full- Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Wage of California Full-time Employees Hired,” Taxpayer may use the wages of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Wage of California Full-time Employees Hired,” the wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer Taxpayer, located in El Segundo, California, provides nutritionally appropriate global business consulting and regulatory compliant emergency nutrition solutions sourcing services to hospitals clients in the public and other care facilitiesprivate sectors, to include strategic sourcing and technology optimization. Taxpayer has certified in its application that absent award of the CCTC, the project may will occur in another state and that it may will terminate all or a portion of its employees in California or relocate all or a portion of its employees in California to another state. In consideration for the Credit, Xxxxxxxx agrees to Taxpayer agrees to hire full-time employees and invest expand its operations in a facility, furniture and fixturesCalifornia through investment in tenant improvements, computer equipment, and software licenses as part of its expansion in Sacramento County, California by hiring full-time employees (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”). In addition, Taxpayer ) and must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full- Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Wage Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Wage Salary of California Full-time Employees Hired,” Taxpayer may use the wages salaries of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Wage Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Wage Salary of California Full-time Employees Hired,” the wage salary of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage 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 provides nutritionally appropriate and regulatory compliant emergency nutrition solutions to hospitals and other care facilities. Taxpayer has certified in its application that absent award is a manufacturer of the CCTC, the project may occur in another state and it may terminate all or a portion of its employees in California or relocate all or a portion of its employees in California to another stateeducational materials for children. In consideration for the Credit, Taxpayer Xxxxxxxx agrees to hire full-time employees and invest in a facility, furniture and fixturessoftware, computer equipment, land, tenant improvements, and software licenses manufacturing equipment as part of its expansion in Sacramento CountyCarson, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”). In addition, Taxpayer must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full- Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Wage of California Full-time Employees Hired,” Taxpayer may use the wages of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Wage of California Full-time Employees Hired,” the wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

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Project/Milestones. Taxpayer provides nutritionally appropriate distributes and regulatory compliant emergency nutrition solutions sells light-emitting diode (LED) lighting to hospitals commercial and other care facilitiesonline vendors. Taxpayer has certified in its application that absent award of the CCTC, the project may occur in another state and it may terminate all or a portion of its employees in California or relocate all or a portion of its employees in California to another state. In consideration for the Credit, Taxpayer agrees to hire full-time employees and invest in a facilityreal property, warehouse equipment, tenant improvements, furniture and fixtures, computer equipment, and software licenses as part of its expansion in Sacramento CountySacramento, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”). In addition, Taxpayer ) and must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full- Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Wage Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Wage Salary of California Full-time Employees Hired,” Taxpayer may use the wages salaries of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Wage Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Wage Salary of California Full-time Employees Hired,” the wage salary of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage 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 provides nutritionally appropriate and regulatory compliant emergency nutrition develops software solutions to hospitals and other care facilities. Taxpayer has certified in its application that absent award of the CCTC, the project may occur in another state and it may terminate all or a portion of its employees in California or relocate all or a portion of its employees in California to another statefor employee performance management. In consideration for the Credit, Taxpayer agrees to hire full-time employees and invest in a facilityintellectual property, furniture research and fixtures, computer development equipment, software licenses, and software licenses computer equipment as part of its expansion in Sacramento CountySan Jose, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”). In addition, Taxpayer must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full- Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Wage of California Full-time Employees Hired,” Taxpayer may use the wages of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Wage of California Full-time Employees Hired,” the wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer provides nutritionally appropriate is a stock and regulatory compliant emergency nutrition solutions to hospitals and other care facilitiescustom-made blow molded plastic product manufacturer. Taxpayer has certified in its application that absent award of the CCTCCalifornia Competes Tax Credit, the its project may occur in another state and state; and, it may terminate all or a portion of its employees in California or relocate all or a portion of its employees in California to another state. In consideration for the Credit, Taxpayer agrees to hire full-time employees and invest in a facility, manufacturing equipment, furniture and fixtures, computer equipment, and software licenses tenant improvements as part of its expansion in Sacramento CountySan Bernardino, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”). In addition, Taxpayer must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full- Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Wage of California Full-time Employees Hired,” Taxpayer may use the wages of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Wage of California Full-time Employees Hired,” the wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer provides nutritionally appropriate is an entertainment company that licensees and regulatory compliant emergency nutrition solutions to hospitals and other care facilities. Taxpayer has certified in its application that absent award of the CCTC, the project may occur in another state and it may terminate all or a portion of its employees in California or relocate all or a portion of its employees in California to another stateaggregates media content online. In consideration for the Credit, Taxpayer agrees to hire full-time employees and invest in a facility, furniture office space and fixtures, computer equipment, and software licenses equipment as part of its expansion in Sacramento CountyLos Angeles, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”). In addition, Taxpayer must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full- Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Wage of California Full-time Employees Hired,” Taxpayer may use the wages of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Wage of California Full-time Employees Hired,” the wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer provides nutritionally appropriate and regulatory compliant emergency nutrition solutions is a research laboratory conducting stem cell research to hospitals and other care facilitiestreat Amytrophic Lateral Sclerosis (ALS). Taxpayer has certified in its application that absent award of the CCTC, the its project may occur in another state and it may terminate all or a portion of its employees in California or relocate all or a portion of its employees in California to another state. In consideration for the Credit, Taxpayer agrees to hire full-time employees and invest in a facilitysoftware licenses, computer, laboratory, and research and development equipment, patents, furniture and fixtures, computer equipmentvehicles, tenant improvements, and software licenses a facility as part of its expansion in Sacramento CountyMonrovia and Los Angeles, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”). In addition, Taxpayer ) and must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full- Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Wage of California Full-time Employees Hired,” Taxpayer may use the wages of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Wage of California Full-time Employees Hired,” the wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer provides nutritionally appropriate is wallet designer and regulatory compliant emergency nutrition solutions to hospitals and other care facilities. Taxpayer has certified in its application that absent award of the CCTC, the project may occur in another state and it may terminate all or a portion of its employees in California or relocate all or a portion of its employees in California to another statemanufacturer. In consideration for the Credit, Taxpayer agrees to hire full-time employees and invest in a facility, furniture tenant improvements and fixtures, computer equipment, and software licenses manufacturing equipment as part of its expansion in Sacramento National City or San Diego County, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”). In addition, Taxpayer must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full- Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Wage of California Full-time Employees Hired,” Taxpayer may use the wages of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Wage of California Full-time Employees Hired,” the wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer provides nutritionally appropriate is a manufacturer of protein-based chemical compounds for the cosmetic, veterinary, and regulatory compliant emergency nutrition solutions to hospitals and other care facilitiespharmaceutical industries. Taxpayer has certified in its application that absent award of the CCTCCalifornia Competes Tax Credit, the its project may will occur in another state and state; and, it may will terminate all or a portion of its employees in California or relocate all or a portion of its employees in California to another state. In consideration for the Credit, Taxpayer agrees to hire full-time employees and invest in manufacturing equipment and a facility, furniture and fixtures, computer equipment, and software licenses facility as part of its expansion in Sacramento CountyTorrance and San Diego, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”). In addition, Taxpayer must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full- Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Wage of California Full-time Employees Hired,” Taxpayer may use the wages of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Wage of California Full-time Employees Hired,” the wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer provides nutritionally appropriate is medical device manufacturer using 3D printing to manufacture customizable medical products and regulatory compliant emergency nutrition solutions to hospitals and other care facilities. Taxpayer has certified in its application that absent award of the CCTC, the project may occur in another state and it may terminate all or a portion of its employees in California or relocate all or a portion of its employees in California to another stateimplants. In consideration for the Credit, Taxpayer agrees to hire full-time employees and invest in a facility, furniture and fixturestenant improvements, manufacturing equipment, computer equipment, research and development equipment, and software licenses as part of its expansion in Sacramento CountyXxxxxxx, Xxxxx, or Patterson California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”). Prior to entering into this Agreement, Taxpayer entered into a Co-Employer Agreement with TriNet HR III, Inc., a professional employer organization (PEO), to administer Taxpayer’s employee management responsibilities. For purposes of satisfying the milestones, terms, and conditions of this Agreement, Taxpayer is deemed the legal employer of those employees with whom Taxpayer and TriNet HR III, Inc., or successor PEO, share joint employment. In addition, Taxpayer must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full- Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Wage of California Full-time Employees Hired,” Taxpayer may use the wages of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Wage of California Full-time Employees Hired,” the wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer provides nutritionally appropriate prepares and regulatory compliant emergency nutrition solutions delivers meal kits that include fresh organic ingredients with recipes for customers to hospitals and other care facilitiesxxxx at home. Taxpayer has certified in its application that absent award of the CCTC, the its project may occur in another state and it may terminate all or a portion state. Further, Taxpayer certified in its application that at least 75% of its net increase of full-time employees will work at least 75% of the time in California or relocate all or a portion the city of Fresno. Fresno was an Area of High Unemployment and/or an Area of High Poverty at the time Taxpayer submitted its employees in California to another stateapplication. In consideration for the Credit, Taxpayer agrees to hire full-time employees and invest in computer equipment, a facility, furniture and fixtures, computer equipmenttenant improvements, and software licenses food processing equipment as part of its expansion in Sacramento CountyFresno, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”). In addition, Taxpayer ) and must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full- Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Wage of California Full-time Employees Hired,” Taxpayer may use the wages of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Wage of California Full-time Employees Hired,” the wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer provides nutritionally appropriate is an internet based bank and regulatory compliant emergency nutrition solutions to hospitals and other care facilities. Taxpayer has certified in its application that absent award of the CCTC, the project may occur in another state and it may terminate all or a portion of its employees in California or relocate all or a portion of its employees in California to another statefinancial savings institution. In consideration for the Credit, Taxpayer Xxxxxxxx agrees to hire full-time employees and invest in a facilitycomputer equipment, furniture and fixtures, computer equipment, and software licenses tenant improvements as part of its expansion in Sacramento CountySan Diego, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”). In addition, Taxpayer must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full- Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Wage of California Full-time Employees Hired,” Taxpayer may use the wages of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Wage of California Full-time Employees Hired,” the wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer provides nutritionally appropriate develops and regulatory compliant emergency nutrition solutions to hospitals and other care facilitiesmanufactures zero-emission, autonomous aircraft. Taxpayer has certified in its application that absent award of the CCTCCalifornia Competes Tax Credit, the its project may occur in another state and state; and, it may terminate all or a portion of its employees in California or relocate all or a portion of its employees in California to another state. In consideration for the Credit, Taxpayer agrees to hire full-time employees and invest in a facilitymanufacturing equipment, furniture research and fixtures, computer development equipment, and software licenses tenant improvements as part of its expansion in Sacramento CountyAlameda and Oakland, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”). In addition, Taxpayer must maintain the three (3) employee employee-based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full- Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Wage of California Full-time Employees Hired,” Taxpayer may use the wages of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Wage of California Full-time Employees Hired,” the wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer Taxpayer, located in El Segundo, California, provides nutritionally appropriate global business consulting and regulatory compliant emergency nutrition solutions sourcing services to hospitals clients in the public and other care facilitiesprivate sectors, to include strategic sourcing and technology optimization. Taxpayer has certified in its application that absent award of the CCTC, the project may will occur in another state and that it may will terminate all or a portion of its employees in California or relocate all or a portion of its employees in California to another state. In consideration for the Credit, Taxpayer agrees to hire full-time employees and invest Taxpayer agrees to expand its operations in a facility, furniture and fixturesCalifornia through investment in tenant improvements, computer equipment, and software licenses as part of its expansion in Sacramento County, California by hiring full-time employees (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”). In addition, Taxpayer ) and must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full- Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Wage Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Wage Salary of California Full-time Employees Hired,” Taxpayer may use the wages salaries of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Wage Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Wage Salary of California Full-time Employees Hired,” the wage salary of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage 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 provides nutritionally appropriate is an entertainment company that licensees and regulatory compliant emergency nutrition solutions to hospitals and other care facilities. Taxpayer has certified in its application that absent award of the CCTC, the project may occur in another state and it may terminate all or a portion of its employees in California or relocate all or a portion of its employees in California to another stateaggregates media content online. In consideration for the Credit, Taxpayer Xxxxxxxx agrees to hire full-time employees and invest in a facility, furniture office space and fixtures, computer equipment, and software licenses equipment as part of its expansion in Sacramento CountyLos Angeles, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”). In addition, Taxpayer must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full- Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Wage of California Full-time Employees Hired,” Taxpayer may use the wages of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Wage of California Full-time Employees Hired,” the wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is life science and technology company that provides nutritionally appropriate services such as biopharmaceutical manufacturing, sample preparation, analytics, testing services, and regulatory compliant emergency nutrition solutions to hospitals research and other care facilitiesdevelopment. Taxpayer has certified in its application that absent award of the CCTC, the its project may occur in another state and it may terminate all or a portion of its employees in California or relocate all or a portion of its employees in California to another state. In consideration for the Credit, Taxpayer agrees to hire full-time employees and invest in a facilityvehicles, computer equipment, furniture and fixtures, computer equipment, and software licenses a facility as part of its expansion in Sacramento CountyVisalia, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”). In addition, Taxpayer must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full- Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Wage of California Full-time Employees Hired,” Taxpayer may use the wages of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Wage of California Full-time Employees Hired,” the wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer provides nutritionally appropriate and regulatory compliant emergency nutrition solutions to hospitals and other care facilitiesis an electric vehicle manufacturer. Taxpayer has certified in its application that absent award of the CCTCCalifornia Competes Tax Credit, the its project may occur in another state and it may terminate all or a portion of its employees in California or relocate all or a portion of its employees in California to another state. In consideration for the Credit, Taxpayer agrees to hire employ at least two hundred eighty (280) full-time employees employees, determined on an annual full-time equivalent basis, at its headquarters and regional office locations and invest in a facilityfacilities, office space, tenant improvements, furniture and fixtures, and computer equipment, and software licenses equipment as part of its expansion in Sacramento CountyLos Angeles, Irvine, and unknown locations in California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”). In addition, Taxpayer must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Full- Time Employees Hired,” and “Cumulative Average Annual Wage of California Full- Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-full- time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Wage of California Full-time Employees Hired,” Taxpayer may use the wages of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Wage of California Full-time Employees Hired,” the wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer provides nutritionally appropriate and regulatory compliant emergency nutrition solutions to hospitals and other care facilities. Taxpayer has certified in its application that absent award of the CCTC, the project may occur in another state and it may terminate all or is a portion of its employees in California or relocate all or a portion of its employees in California to another statetechnology company providing mobile gaming streaming services. In consideration for the Credit, Taxpayer Xxxxxxxx agrees to hire full-time employees and invest in a facility, furniture and fixtures, computer equipment, software licenses, and software licenses office space as part of its expansion in Sacramento CountySanta Monica, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”). In addition, Taxpayer must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full- Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Wage of California Full-time Employees Hired,” Taxpayer may use the wages of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Wage of California Full-time Employees Hired,” the wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer provides nutritionally appropriate and regulatory compliant emergency nutrition solutions to hospitals and other care facilities. Taxpayer has certified is a biotechnology company specializing in its application that absent award the development of the CCTC, the project may occur in another state and it may terminate all or a portion of its employees in California or relocate all or a portion of its employees in California to another statecancer therapies. In consideration for the Credit, Taxpayer agrees to hire full-time employees and invest in a facilityfacilities, furniture and fixturestenant improvements, manufacturing equipment, computer equipment, and software licenses research and development equipment as part of its expansion in Sacramento CountySouth San Francisco, Alameda, Fremont, Milpitas, and Newark, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”). Prior to entering into this Agreement, Taxpayer entered into a Co-Employer Agreement with Insperity PEO Services, L.P. (Insperity), a professional employer organization (PEO), to administer Taxpayer’s employee management responsibilities. For purposes of satisfying the milestones, terms, and conditions of this Agreement, Taxpayer is deemed the legal employer of those employees with whom Taxpayer and Insperity, or successor PEO, share joint employment. In addition, Taxpayer must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full- Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Wage of California Full-time Employees Hired,” Taxpayer may use the wages of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Wage of California Full-time Employees Hired,” the wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer provides nutritionally appropriate develops and regulatory compliant emergency nutrition solutions to hospitals produces animated films used for advertising on television, internet, and other care facilitieslive events. Taxpayer has certified in its application that absent award of the CCTCCalifornia Competes Tax Credit, the its project may will occur in another state and state; and, it may terminate all or a portion of its employees in California or relocate all or a portion of its employees in California to another state. In consideration for the Credit, Taxpayer agrees to hire full-time employees and invest in a facility, furniture and fixtures, computer equipment, software licenses, and software licenses furniture and fixtures as part of its expansion in Sacramento CountyCulver City, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”). In addition, Taxpayer must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full- Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Wage of California Full-time Employees Hired,” Taxpayer may use the wages of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Wage of California Full-time Employees Hired,” the wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer provides nutritionally appropriate is a nutritional and regulatory compliant emergency nutrition solutions to hospitals and other care facilitiesmedical product manufacturer. Taxpayer has certified in its application that absent award of the CCTC, the its project may occur in another state and state; and, it may terminate all or a portion of its employees in California or relocate all or a portion of its employees in California to another state. In consideration for the Credit, Taxpayer agrees to hire full-time employees and invest in a facility, furniture and fixtures, computer manufacturing equipment, laboratory instruments, research and development equipment, and software licenses a facility as part of its expansion in Sacramento Countythe City of Industry, Duarte, and a location to be determined in California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”). In addition, Taxpayer ) and must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full- Time Employees Hired”) for a minimum of three (3) taxable years thereafter. Prior to entering into this Agreement, Taxpayer entered into a Co-Employer Agreement with TriNet HR Corporation (TriNet), a professional employer organization (PEO), to administer Taxpayer’s employee management responsibilities. For purposes of satisfying the milestones, terms, and conditions of this Agreement, Taxpayer is deemed the legal employer of those employees with whom Taxpayer and TriNet, or successor PEO, share joint employment. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Wage of California Full-time Employees Hired,” Taxpayer may use the wages of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Wage of California Full-time Employees Hired,” the wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

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