Development Incentive definition

Development Incentive means any state program providing a grant or loan that

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Development Incentive means, subject to the Development Incentive Cap and the Term of the Agreement, fifty percent (50%) of Tax Revenue received by the City from the Business on the Property for an Annual Period beginning with the Incentive Commencement Date.

Development Incentive means the reimbursement of eligible redevelopment project costs that will be paid to Developer as set forth in Section 3.2 of this Agreement.

Examples of Development Incentive in a sentence

Upon termination by the Executive as provided in this Section 6(d), all obligations of the Company under this Agreement shall thereupon immediately terminate other than any obligations with respect to earned but unpaid Base Salary and any payments of technology incentive compensation under the Technology Development Incentive Plan.
The provisions of the Technology Development Incentive Plan shall apply to matters related to any technical incentive compensation being received at the time of disability or death of the Executive.
Topics for the Joint Labor-Management Committee may include, but are not limited to, Professional Development, Incentive Pay, etc.
Upon termination for Cause as provided in this Section 6(b), all obligations of the Company under this Agreement shall thereupon immediately terminate other than any obligations with respect to (A) earned but unpaid Base Salary and (B) the continued rights of the Executive to receive payments due under the Technology Development Incentive Plan.
Termination of the Executive without Cause shall not impact the eligibility of the Executive to receive technology incentive compensation payments due under the provisions of the Technology Development Incentive Plan.
Upon termination for Cause as provided in this Section 6(b), all obligations of the Company under this Agreement shall thereupon immediately terminate other than any obligations with respect to (A) earned but unpaid Base Salary and (B) the continued rights of the executive to receive payments due under the Technology Development Incentive Plan, and (C) the Company shall have any and all rights and remedies under this Agreement and applicable law.
The City agrees to allocate to the Development Incentive Program (DIP) administered by the DDA those building permit fees and use taxes (2% only) collected on building permits from within the DDA area during the term of this Agreement as itemized in Exhibit A attached hereto and fully made a part hereof.
Termination of the Executive upon Company breach shall not impact the eligibility of the Executive to receive technology incentive compensation payments due under the provisions of the Technology Development Incentive Plan.
Termination upon a Change of Control shall not impact the eligibility of the Executive to receive technology incentive compensation payments due under the provisions of the Technology Development Incentive Plan.
The detailed provisions and procedures governing this Staff Development Incentive Program are contained in District Procedure B-5.

More Definitions of Development Incentive

Development Incentive means the Loan and Assistance in Development Financing required to bridge a gap in financing needed to make the Project possible, which incentive is provided through a tax increment allocation of an amount not- to-exceed $1,375,000 for this Project.

Development Incentive means an incentive of economic value offered by the Board and accepted by an Applicant, in exchange for which the Applicant becomes an Extended-Length Member with an Extended-Length Term of at least ten (10) years.