Relocation Agreement definition

Relocation Agreement means a binding written agreement between a Relocating Business and the Commissioner of DEED pledging that the qualified business shall meet the requirements of the JOBZ Act, which as of March 2004 meant either: (a) increase full-time or full-time equivalent employment in the first full year of operation within the job opportunity building zone by at least 20 percent, or (b) make a capital investment on the property equivalent to 10% of the gross revenues of operation that was relocated in the immediately preceding taxable year. As of March 2004, a Relocation Agreement also had to provide for repayment of all tax benefits if the requirements of (a) or (b) are not met.

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Relocation Agreement means a binding written agreement between a relocating qualified business and the commissioner of DEED pledging that the qualified business will increase full-time employment in the first year of operation within the job opportunity building zone by a minimum of five jobs or 20 percent, whichever is greater, measured relative to the operations that were relocated and maintains the required level of employment for each year the zone designation applies, and provides for repayment of all tax benefits if these requirements are not met.

Relocation Agreement means a binding written agreement between a relocating Qualified Business and the Commissioner of the Department of Employment and Economic Development (DEED) pledging that the Qualified Business shall increase full- time equivalent employment in the first full year of operation within the Job Opportunity Building Zone by a minimum of five jobs or 20 percent, whichever is greater, measured relative to the operations that were relocated and maintain the required level of employment for each year the Zone designation applies. The agreement must also provide for the repayment of all tax benefits if the requirements are not met.

Examples of Relocation Agreement in a sentence

• All proceedings required to be taken by or on behalf of the Authority to authorize the Authority to execute and deliver this Non- Relocation Agreement and to perform the covenants, obligations, and agreements of the Authority hereunder have been duly taken.

• Each individual executing and delivering this Non- Relocation Agreement on behalf of a Party hereto hereby represents to the other Party hereto that such individual has all requisite power and authority to execute and deliver the same and to bind such Party hereunder.

• If any payment under this Non- Relocation Agreement is required to be made on a day other than a Business Day, the date of payment shall be extended to the next Business Day.

• All provisions in this Non- Relocation Agreement that specify or provide a method to compute a number of days for the performance, delivery, completion or observance by a Party of any action, covenant, agreement, obligation or notice hereunder shall mean and refer to calendar days, unless otherwise expressly provided.

• TxDOT will cause CPS Energy to relocate the Utility as shown in the Advance Utility Relocation Agreement included in the RIDs.

More Definitions of Relocation Agreement

Relocation Agreement means a written agreement between the

Relocation Agreement means a binding written agreement between a relocating qualified business and the commissioner of DEED pledging that the qualified business will either: (a) increase full-time for full-time equivalent employment in the first full year of operation within the Biotechnology and Health Science Industry Zone by at least 20 percent, or

Relocation Agreement means a binding written agreement between a relocating qualified business and the commissioner of DEED pledging that the qualified business will either: (a) increase full-time for full-time equivalent employment in the first full year of operation within the job opportunity building zone by at least 20 percent, or (b) make a capital investment on the property equivalent to 10% of the gross revenues of operation that was relocated in the immediately preceding taxable year; and provides for repayment of all tax benefits if the requirements of (a) or (b) are not met;

Relocation Agreement means ▇▇▇ ▇▇▇▇cation Services Agreement dated January 2, 2002 between Williams Relocation Management, Inc. (a TWC subsidiary) and WCG.

Relocation Agreement. Relocation and Reconstruction Agreement, dated November 5, 2019, by and between the City of Lake Worth Beach and Lessee.

Relocation Agreement. – means a binding written agreement between a qualified-relocating business and the commissioner of DEED pledging that the qualified business shall meet the relocation requirements of M.S. § 469.310-469.320 as amended.

Relocation Agreement has the meaning set forth in Section 11.14.