JDIG definition

JDIG has the meaning set forth in the Recitals.
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Examples of JDIG in a sentence

  • In any year that the Company does not meet the job creation targets specified in its JDIG Agreement with the State, the Town has the right to withhold its Grant payment to the Company.

  • This contingency only applies in those years when funds are available to the Company from the JDIG program.

  • Company shall not qualify for County Grant payments in any years of the Grant Period in the event that in such year the Company does not qualify for the JDIG program monies.

  • JDIG job requirement thresholds will be used to determine eligibility for payment of grants incentives in any given year.

  • This Agreement is expressly contingent on the Company’s ability to qualify for funds from the State of North Carolina’s part of the JDIG program.

  • The grant payments shall begin in the year after the taxable property base of the Investments attributable to the Project as determined by the County Tax Administrator first exceeds $114,600,000 provided that JDIG requirements for that year are also met.

  • For example, if the Company’s Investment prior to December 31, 2024 is assessed by the County in 2025 at a value in excess of $1,500,000,000, the Company has paid or caused to be paid the ad valorem tax on Investment by January 6, 2026, and the Company has met the 2024 JDIG employment requirements, as set forth in Paragraph 2(b), the Company’s first Grant Year will be 2024.

  • The grant payments shall begin in the year after the taxable property base of the Investments attributable to the Project as determined by the County Tax Administrator first exceeds $1,500,000,000 provided that JDIG requirements for that year are also met.

  • For example, if the Company’s Investment prior to December 31, 2024 is assessed by the County in 2025 at a value in excess of $114,600,000, the Company has paid or caused to be paid the ad valorem tax on Investment by January 6, 2026, and the Company has met the 2024 JDIG employment requirements, as set forth in Paragraph 2(b), the Company’s first Grant Year will be 2024.

  • The Company shall maintain or exceed the minimum JDIG job creation requirement for all years of the Grant Period beyond 2034.