base payroll definition
base payroll means total payroll adjusted
base payroll means the Vermont gross salaries and wages paid as
base payroll means the total Vermont gross wages and salaries
More Definitions of base payroll
base payroll means total payroll adjusted for any nonrecurring bonuses, exercise of stock option or stock rights and other nonrecurring, extraordinary items included in total payroll, and
base payroll means the Vermont gross salaries and wages paid as compensation to full-time Vermont jobs held by non-owner employees as of the date a business with an approved application commences its proposed economic activity.
base payroll means total payroll adjusted for any nonrecurring bonuses, exercise of stock
base payroll means initial payroll plus
base payroll means the total Vermont gross wages and salaries actually paid to full-time, nonowner employees.(7) "But-for" means the determination of whether, in the absence of the economic incentive sought, the proposed economic development would not occur or would occur in a significantly different and significantly less desirable manner.(8) "Capital investment target" means qualifying capital investment in an award period year as represented on the Vermont employment growth incentive application.(9) "Full-time job" means a permanent position filled by an employee who works at least 35 hours each week.(10) "Incentive percentage" means the percentage applied to qualifying payroll in order to calculate earned incentives.(11) "Incentive ratio," set at 80 percent, is the percentage applied to the preincentive net fiscal benefit in order to calculate the maximum award that may be authorized under this section.(12) Repealed.](13) "Jobs target" means the projected number of new qualifying jobs in an award period year as reported on the Vermont employment growth incentive application.(14) "Net fiscal benefit" means the excess of the present value benefit to the State over the present value cost to the State as calculated by the cost- benefit model.(15) "Nonowner" means an employee with no more than 10 percent ownership interest, including attribution of ownership interests of the employee's spouse, parents, spouse's parents, siblings, and children.(16) "Payroll target" means the projected Vermont gross wages and salaries for qualifying jobs in an award period year as reported on the Vermont employment growth incentive application.(17) "Payroll threshold" means expected average industry payroll growth as determined by the cost-benefit model.(18) "Projected average wage" means the total payroll targets divided by the total jobs targets. (7) “Non-owner” means a person with no more than 10 percent ownership interest, including attribution of ownership interests of the person’s spouse, parents, spouse’s parents, siblings, and children.(8) “Payroll performance requirement” means the minimum value of Vermont gross salaries and wages a business must pay as compensation for one or more qualifying jobs.(9) “Qualifying job” means a new, permanent position in Vermont that meets each of the following criteria:(A) The position is filled by a non-owner employee who regularly works at least 35 hours each week.(B) The business provides compensation for the position that equals or exceeds the...
base payroll shall be the annualized wages, salaries, commissions and other compensation of all employees located at the Project site immediately prior to the finalization of the CRA Agreement.