Retained Employees definition
Examples of Retained Employees in a sentence
The Company would not have Placed in Service the Capital Improvements and created or retained the requisite number of New Employees and Retained Employees without the benefits of the Credit.
If the Department exercises its discretion to award Credits for Retained Employees as set forth in Section IV.D, then the maximum amount of the annual Credit may be increased by twenty-five percent (25%) of the Incremental Income Tax attributable to Retained Employees at the Project; provided, however, that, in order to receive the increased benefit contemplated by this subsection II.B(ii), the Company must provide the additional evidence required under Section 5-25(b)(3) of the Act.
Retained Employees shall at all times remain employees of Merchant, and shall not be considered or deemed to be employees of Agent.
If the Project is not located in an Underserved Area and the Company hires the required minimum number of New Employees and the minimum Retained Employees as set forth in Section IV.D and E, then the maximum amount of the Credit may be increased by twenty-five percent (25%) of the Incremental Income Tax attributable to Retained Employees at the Project.
If the Project is located in an Underserved Area and the Company hires the minimum number of New Employees and the minimum Retained Employees as set forth in Section IV.D and E, then the maximum amount of the annual Credit may be increased by fifty percent (50%) of the Incremental Income Tax attributable to Retained Employees at the Project.