Common use of Project/Milestones Clause in Contracts

Project/Milestones. Taxpayer is a manufacturer of creamers, cold brew coffees, juices, and various milks including xxxxxx, xxxxxx, and nut. In consideration for the Credit, Taxpayer agrees to hire full-time employees and invest in furniture and fixtures, tenant improvements, and computer, heavy, food processing, agricultural, laboratory, research and development, and manufacturing equipment as part of its expansion in Bakersfield, Los Angeles, and an unknown location in the Central Valley of California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual 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 3 contracts

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

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Project/Milestones. Taxpayer is a manufacturer of creamersservice company that designs, cold brew coffees, juicesfabricates, and various milks including xxxxxxinstalls elevator cab interiors. Taxpayer certified in its application that absent the award of the CCTC, xxxxxx, its project will occur in another state; and nutit 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 furniture and fixtures, tenant improvements, and computer, heavy, food processing, agricultural, laboratory, research and development, and manufacturing equipment improvements as part of its expansion in BakersfieldAlameda, Los Angeles, and an unknown location in the Central Valley of California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual 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 is a manufacturer of creamersservice company that designs, cold brew coffees, juicesfabricates, and various milks including xxxxxxinstalls elevator cab interiors. Taxpayer certified in its application that absent the award of the CCTC, xxxxxx, its project will occur in another state; and nutit 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 furniture and fixtures, tenant improvements, and computer, heavy, food processing, agricultural, laboratory, research and development, and manufacturing equipment improvements as part of its expansion in BakersfieldAlameda, Los Angeles, and an unknown location in the Central Valley of California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual 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 is a manufacturer of creamers, cold brew coffees, juices, and various milks including xxxxxx, xxxxxx, and nutan aircraft maintenance provider. In consideration for the Credit, Taxpayer agrees to hire full-time employees and invest in furniture and fixtures, tenant improvements, and computer, heavy, food processing, agricultural, laboratory, research and development, and manufacturing equipment facilities construction as part of its expansion in BakersfieldXxxxxx, Los Angeles, and an unknown location in the Central Valley of California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual 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 is a furniture manufacturer and wholesaler. Taxpayer has certified in its application that absent award of creamersthe CCTC, cold brew coffees, juicesthe project may occur in another state, and various milks including xxxxxx, xxxxxx, and nutit 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 furniture and fixturescomputer equipment, software, tenant improvements, and computer, heavy, food processing, agricultural, laboratory, research and development, and manufacturing heavy equipment as part of its expansion in BakersfieldRichmond, Los Angeles, and an unknown location in the Central Valley of California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual 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 2 contracts

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

Project/Milestones. Taxpayer is a manufacturer of creamers, cold brew coffees, juices, and various milks including xxxxxx, xxxxxx, and nutan information technology security company. In consideration for the Credit, Taxpayer agrees to hire full-time employees and invest in furniture and fixtures, tenant improvements, and computer, heavy, food processing, agricultural, laboratory, research and development, and manufacturing computer equipment as part of its expansion in BakersfieldSan Diego, Los Angeles, and an unknown location in the Central Valley of California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual 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 is a manufacturer of creamersbook production, cold brew coffees, juicesprinting, and various milks including xxxxxxpublishing firm. Taxpayer has certified in its application that absent award of the CCTC, xxxxxx, and nutit 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 furniture and fixturesoffice space, tenant improvements, and computer, heavy, food processing, agricultural, laboratory, research and developmentcomputer equipment, and manufacturing equipment software licenses as part of its expansion in BakersfieldRedding, Los Angeles, and an unknown location in the Central Valley of California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-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 a manufacturer provider of creamers, cold brew coffees, juices, home health and various milks including xxxxxx, xxxxxx, and nuthospice care. Taxpayer has certified that at least 75% of its net increase of full-time employees will work at last 75% of the time in the city of Marysville. Marysville was an Area of High Unemployment and/or an Area of High Poverty at the time Taxpayer submitted its application. In consideration for the Credit, Taxpayer agrees to hire full-time employees and invest in furniture and fixtures, tenant improvements, and computer, heavy, food processing, agricultural, laboratory, research and development, and manufacturing equipment office space as part of its expansion in BakersfieldMarysville, Los Angeles, and an unknown location in the Central Valley of California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual 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 a manufacturer bowling alley. Taxpayer certified in its application that at least 75% of creamers, cold brew coffees, juices, and various milks including xxxxxx, xxxxxx, and nutits net increase of full-time employees will work at least 75% of the time in the city of El Centro. The city of El Centro was an area of high unemployment and/ poverty at the time Taxpayer submitted its application. In consideration for the Credit, Taxpayer agrees to hire full-time employees and invest in furniture and fixtures, tenant improvementscomputer equipment, and computer, heavy, food processing, agricultural, laboratory, research and development, and manufacturing equipment tenant improvements as part of its expansion in BakersfieldEl Centro, Los Angeles, and an unknown location in the Central Valley of California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual 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 a furniture manufacturer and wholesaler. Taxpayer has certified in its application that absent award of creamersthe CCTC, cold brew coffees, juicesthe project may occur in another state, and various milks including xxxxxx, xxxxxx, and nutit 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 furniture and fixturescomputer equipment, software, tenant improvements, and computer, heavy, food processing, agricultural, laboratory, research and development, and manufacturing heavy equipment as part of its expansion in BakersfieldRichmond, Los Angeles, and an unknown location in the Central Valley of California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual 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 is a manufacturer of creamers, cold brew coffees, juices, offers information technology services and various milks including xxxxxx, xxxxxx, and nuttechnical support. In consideration for the Credit, Taxpayer agrees to hire full-time employees and invest in furniture and fixtures, tenant improvements, and computer, heavy, food processing, agricultural, laboratory, research and development, and manufacturing equipment as part of its expansion in BakersfieldSacramento, Los Angeles, and an unknown location in the Central Valley of California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual 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 a manufacturer custom machine parts manufacturer. Taxpayer has certified that at least 75% of creamers, cold brew coffees, juices, and various milks including xxxxxx, xxxxxx, and nutits net increase of full-time employees will work at least 75% of the time in the city of El Centro. El Centro was an area of high unemployment and/or poverty at the time Taxpayer submitted its application. In consideration for the Credit, Taxpayer agrees to hire full-time employees and invest in furniture and fixturesvehicles, tenant improvements, and computer, heavy, food processing, agricultural, laboratory, research and developmentcomputer equipment, and manufacturing equipment as part of its expansion in BakersfieldEl Centro, Los Angeles, and an unknown location in the Central Valley of California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual 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 a manufacturer of creamers, cold brew coffees, juices, and various milks including xxxxxx, xxxxxx, and nutfruit product manufacturing company. In consideration for the Credit, Taxpayer agrees to hire full-time employees and invest in furniture and fixtures, tenant improvements, and computer, heavy, food processing, agricultural, laboratory, research and development, and manufacturing equipment and tenant improvements as part of its expansion in BakersfieldFresno, Los Angeles, and an unknown location in the Central Valley of California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual 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 is a manufacturer research laboratory conducting stem cell research to treat Amytrophic Lateral Sclerosis (ALS). Taxpayer has certified in its application that absent award of creamersthe CCTC, cold brew coffees, juices, and various milks including xxxxxx, xxxxxx, and nutits project may occur in another state. In consideration for the Credit, Taxpayer Xxxxxxxx agrees to hire full-time employees and invest in software licenses, computer, laboratory, and research and development equipment, patents, furniture and fixtures, vehicles, tenant improvements, and computer, heavy, food processing, agricultural, laboratory, research and development, and manufacturing equipment a facility as part of its expansion in Bakersfield, Monrovia and Los Angeles, and an unknown location in the Central Valley of California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual 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 a manufacturer an online tax preparation service. Taxpayer certified in its application that at least 75% of creamers, cold brew coffees, juices, and various milks including xxxxxx, xxxxxx, and nutits net increase of full-time employees will work at least 75% of the time in the city of Eureka. Eureka was an area of high unemployment and/or poverty at the time Taxpayer submitted its application. In consideration for the Credit, Taxpayer agrees to hire full-time employees and invest in furniture and fixtures, tenant improvementsvehicles, computer equipment, office space, and computer, heavy, food processing, agricultural, laboratory, research and development, and manufacturing equipment software licenses as part of its expansion in BakersfieldEureka, Los Angeles, and an unknown location in the Central Valley of California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual 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, currently located in Houston, Texas, is a manufacturer commercial provider of creamershigh power lasers used for drilling and other applications in the oil, cold brew coffeesnatural gas, juices, geothermal and various milks including xxxxxx, xxxxxx, and nutmining industries. In consideration for the Credit, Taxpayer agrees to open a commercial office near Bakersfield, California, for high power laser decommissioning services to cut off wellheads without the need for heavy excavation around the well. In addition, Taxpayer will hire full-time employees and invest in furniture and fixtures, tenant improvements, and computer, heavy, food processing, agricultural, laboratory, research and development, and manufacturing equipment as part of its expansion in Bakersfield, Los Angeles, and an unknown location in the Central Valley of California to support this new office (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A “A” (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of fullFull-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Wage Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Wage Salary of California Full-time Employees Hired,” Taxpayer may use the wages salaries of any of the fullFull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Wage Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Wage Salary of California Full-time Employees Hired,” the wage salary of any full-time employee that is not employed by Taxpayer the taxpayer for the entire taxable year shall be annualized. In addition, the 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 is a manufacturer of creamersoperates numerous media networks that create television programs, cold brew coffeesmotion pictures, juicesshort-form videos, social media, consumer products, and various milks including xxxxxx, xxxxxx, other entertainment content for audiences in more than 160 countries and nutterritories. In consideration for the Credit, Xxxxxxxx agrees to establish a new West Coast Media Network headquarters in Hollywood, California, by constructing a new office building in Burbank, California. Taxpayer also agrees to hire full-time employees and invest in furniture and fixtures, tenant improvements, and computer, heavy, food processing, agricultural, laboratory, research and development, and manufacturing equipment as part of to support its expansion in Bakersfield, Los Angeles, and an unknown location in the Central Valley of California goals (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A “A” (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of fullFull-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Wage Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Wage Salary of California Full-time Employees Hired,” Taxpayer may use the wages salaries of any of the fullFull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Wage Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Wage Salary of California Full-time Employees Hired,” the wage salary of any full-time employee that is not employed by Taxpayer the taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a manufacturer bowling alley. Taxpayer certified in its application that at least 75% of creamers, cold brew coffees, juices, and various milks including xxxxxx, xxxxxx, and nutits net increase of full-time employees will work at least 75% of the time in the city of El Centro. The city of El Centro was an area of high unemployment and/ poverty at the time Taxpayer submitted its application. In consideration for the Credit, Taxpayer Xxxxxxxx agrees to hire full-time employees and invest in furniture and fixtures, tenant improvementscomputer equipment, and computer, heavy, food processing, agricultural, laboratory, research and development, and manufacturing equipment tenant improvements as part of its expansion in BakersfieldEl Centro, Los Angeles, and an unknown location in the Central Valley of California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual 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 a manufacturer of creamersbiotechnology company that specializes in manufacturing nanofiltration, cold brew coffees, juicesultrafiltration, and various milks including xxxxxxmicrofiltration membranes. Membrane filtration is used for water treatment, xxxxxxindustrial processing, and nutwastewater recovery. In consideration for the Credit, Taxpayer agrees to hire full-time employees and invest in software licenses, furniture and fixtures, office space, tenant improvements, vehicles, and manufacturing, computer, heavy, food processing, agricultural, laboratory, and research and development, and manufacturing development equipment as part of its expansion in BakersfieldVacaville, Los Angeles, and an unknown location in the Central Valley of California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual 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 a manufacturer of creamersfinancial planning, cold brew coffees, juicesbusiness strategy, and various milks including xxxxxx, xxxxxx, and nutinsurance provider. In consideration for the Credit, Taxpayer agrees to hire full-time employees and invest in furniture and fixtures, tenant improvements, and computer, heavy, food processing, agricultural, laboratory, research and development, and manufacturing computer equipment as part of its expansion in BakersfieldGold River, Los Angeles, and an unknown location in the Central Valley of California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual 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 is a manufacturer of creamers, cold brew coffees, juices, and various milks including xxxxxx, xxxxxx, and nutan automobile recycling center. In consideration for the Credit, Taxpayer agrees to hire full-time employees and invest in furniture heavy equipment and fixtures, tenant improvements, and computer, heavy, food processing, agricultural, laboratory, research and development, and manufacturing equipment vehicles as part of its expansion in BakersfieldLancaster, Los Angeles, and an unknown location in the Central Valley of California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual 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 a manufacturer healthcare provider focusing on the healthcare needs of creamersveterans. Specifically, cold brew coffees, juices, and various milks including xxxxxx, xxxxxx, and nutTaxpayer administers the federal Patient-Centered Community Care program that makes civilian provider networks available to supplement the Veterans Administration medical centers. In consideration for the Credit, Taxpayer agrees to hire full-time employees and invest in furniture and fixtures, software licenses, computer equipment, and tenant improvements, and computer, heavy, food processing, agricultural, laboratory, research and development, and manufacturing equipment hire full-time employees as part of its expansion in BakersfieldXxxxxx Xxxxxxx xxx San Diego, Los Angeles, and an unknown location in the Central Valley of California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual 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 is a manufacturer of creamers, cold brew coffees, juices, and various milks including xxxxxx, xxxxxx, and nutan information technology security company. In consideration for the Credit, Taxpayer Xxxxxxxx agrees to hire full-time employees and invest in furniture and fixtures, tenant improvements, and computer, heavy, food processing, agricultural, laboratory, research and development, and manufacturing computer equipment as part of its expansion in BakersfieldSan Diego, Los Angeles, and an unknown location in the Central Valley of California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual 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 is a manufacturer provider of creamers, cold brew coffees, juices, home health and various milks including xxxxxx, xxxxxx, and nuthospice care. Taxpayer has certified that at least 75% of its net increase of full-time employees will work at last 75% of the time in the city of Marysville. Marysville was an Area of High Unemployment and/or an Area of High Poverty at the time Taxpayer submitted its application. In consideration for the Credit, Taxpayer Xxxxxxxx agrees to hire full-time employees and invest in furniture and fixtures, tenant improvements, and computer, heavy, food processing, agricultural, laboratory, research and development, and manufacturing equipment office space as part of its expansion in BakersfieldMarysville, Los Angeles, and an unknown location in the Central Valley of California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual 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 a manufacturer vitamin and dietary supplement manufacturer. Taxpayer has certified in its application that absent award of creamersthe CCTC, cold brew coffeesits project may occur in another state; and, juices, and various milks including xxxxxx, xxxxxx, and nutit 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 furniture and fixtures, tenant improvementscomputer equipment, and computer, heavy, food processing, agricultural, laboratory, research and development, and manufacturing equipment a facility as part of its expansion in BakersfieldWest Hills or Calabasas, Los Angeles, and an unknown location in the Central Valley of California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual 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 develops software used in the healthcare industry. Taxpayer has certified in its application that absent award of the CCTC, its project may occur in another state; and, it may terminate all or a manufacturer portion of creamers, cold brew coffees, juices, and various milks including xxxxxx, xxxxxx, and nutits 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 furniture computer equipment and fixtures, tenant improvements, and computer, heavy, food processing, agricultural, laboratory, research and development, and manufacturing equipment software licenses as part of its expansion in BakersfieldTemecula, Los Angeles, and an unknown location in the Central Valley of California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual 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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