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 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.
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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 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
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Examples of Relocation Agreement in a sentence

  • The relocation will proceed in accordance with the Utility Relocation Agreement.

  • At the discretion of the District a Utility Relocation Agreement defining the rights, duties, and obligations of the District and the party requesting relocation shall be prepared by the District’s attorney.

  • Identify other locations and include in the plan a copy of the Relocation Agreement or Memorandum of Understanding that has been entered into with another home or location to receive residents.

  • Despite this, Local Government often lacks the resources or powers necessary to deliver ambitious town centre revitalisation.Presently, Local Government is limited to playing the role of convenor.

  • 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.


More Definitions of Relocation Agreement

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
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Relocation Agreement means the Relocation Services Agreement dated January 2, 2002 between Wxxxxxxx Relocation Management, Inc. (a TWC subsidiary) and WCG.
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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 either:
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Relocation Agreement means an agreement setting out the terms upon which the relocation of an incorporated cell from one recognised incorporated cell company to another or to a SICAV incorporated cell company is to take place in accordance with the provisions of regulation 23;
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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.
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Relocation Agreement has the meaning set forth in Section 6.3(n).
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Relocation Agreement. Relocation and Reconstruction Agreement, dated November 5, 2019, by and between the City of Lake Worth Beach and Lessee.
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