Governing Law and Consent to Jurisdiction. This Agreement will be governed, construed, and enforced according to the laws of the State of California without regard to its conflict of laws rules. Each party hereby irrevocably consents to the exclusive jurisdiction and venue of any state court located within Sacramento County, State of California in connection with any matter arising out of this Agreement or the transactions contemplated under this Agreement. Remainder of the page is intentionally left blank. Signature page immediately follows. Governor’s Office of Business and Economic Development By: Name: Xxxxxxx Xxxx Title: Chief Deputy Director Date: October 31, 2017 | 14:15 PDT TAXPAYER Telogiks LP By: Name: Title: Date: xxxxxxx xxxxxxx CFO October 21, 2017 | 13:27 PDT Exhibit A Milestones Net Increase of Full-Time Employees Compared to the Base Year 0 8 25 45 59 Minimum Annual Wage of California Full- Time Employees Hired $45,000 $45,000 $45,000 $45,000 $45,000 Cumulative Average Annual Wage of California Full- Time Employees Hired $60,000 $60,000 $60,000 $60,000 $60,000 Investments $50,000 $100,000 $100,000 $100,000 $100,000 $450,000 Tax Credit Allocation $0 $40,000 $100,000 $160,000 $100,000 $400,000 1 Determined on an annual full-time equivalent basis STATE OF CALIFORNIA OFFICE OF GOVERNOR XXXXXX X. XXXXX XX. GOVERNOR’S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT EXHIBIT B FIRST AMENDMENT TO AGREEMENT
Appears in 3 contracts
Samples: California Competes Tax Credit Allocation Agreement, California Competes Tax Credit Allocation Agreement, California Competes Tax Credit Allocation Agreement
Governing Law and Consent to Jurisdiction. This Agreement will be governed, construed, and enforced according to the laws of the State of California without regard to its conflict of laws rules. Each party hereby irrevocably consents to the exclusive jurisdiction and venue of any state court located within Sacramento County, State of California in connection with any matter arising out of this Agreement or the transactions contemplated under this Agreement. Remainder of the page is intentionally left blank. Signature page immediately follows. Governor’s Office of Business and Economic Development By: Name: Xxxxxxx Xxxxxx Xxxx Title: Chief Deputy Director Date: October 31March 24, 2017 2019 | 14:15 14:07 PDT TAXPAYER Telogiks LP Avexis, Inc. By: Name: Xxxx Xxxxxxxxxx Title: Date: xxxxxxx xxxxxxx CFO October 21sVP, 2017 General Counsel March 14, 2019 | 13:27 11:01 PDT Exhibit A Milestones Taxpayer: Avexis, Inc. 2018 Tax Year (Base) 2019 Tax Year 2020 Tax Year 2021 Tax Year 2022 Tax Year 2023 Tax Year Total Total California Full-Time Employees1 47 56 74 108 138 168 Net Increase of Full-Time Employees Compared to the Base Year 0 8 25 45 59 9 27 61 91 121 Minimum Annual Wage of California Full- Full-Time Employees Hired $45,000 49,000 $45,000 49,000 $45,000 49,000 $45,000 49,000 $45,000 49,000 Cumulative Average Annual Wage of California Full- Full-Time Employees Hired $60,000 93,000 $60,000 93,000 $60,000 93,000 $60,000 93,000 $60,000 93,000 Investments $50,000 10,000,000 $100,000 5,000,000 $100,000 5,000,000 $100,000 5,000,000 $100,000 5,000,000 $450,000 30,000,000 Tax Credit Allocation $0 225,000 $40,000 675,000 $100,000 600,000 $160,000 750,000 $100,000 750,000 $400,000 3,000,000 1 Determined on an annual full-time equivalent basis STATE OF CALIFORNIA OFFICE OF GOVERNOR XXXXXX X. XXXXX XX. DocuSign Envelope ID: EA2E40A2-4B5C-4C28-A4B6-30E5B83A8B70 GOVERNOR’S ’ S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT STATE OF CALIFORNIA 🞟 OFFICE OF GOVERNOR XXXXX XXXXXX EXHIBIT B FIRST AMENDMENT TO AGREEMENT
Appears in 3 contracts
Samples: California Competes Tax Credit Allocation Agreement, California Competes Tax Credit Allocation Agreement, California Competes Tax Credit Allocation Agreement
Governing Law and Consent to Jurisdiction. This Agreement will be governed, construed, and enforced according to the laws of the State of California without regard to its conflict of laws rules. Each party hereby irrevocably consents to the exclusive jurisdiction and venue of any state court located within Sacramento County, State of California in connection with any matter arising out of this Agreement or the transactions contemplated under this Agreement. Remainder of the page is intentionally left blank. Signature page immediately follows. Governor’s Office of Business and Economic Development By: Name: Xxxxxxx Xxxx Title: Chief Deputy Director Date: October 31May 25, 2017 | 14:15 10:46 PDT TAXPAYER Telogiks LP Urata & Sons Concrete, Inc. By: Name: Xxxxxxxxx Xxxxxxxxx Title: Controller Date: xxxxxxx xxxxxxx CFO October 21May 19, 2017 | 13:27 15:06 PDT Exhibit A Milestones Taxpayer: Urata & Sons Concrete, Inc. 2016 Tax Year (Base) 2017 Tax Year 2018 Tax Year 2019 Tax Year 2020 Tax Year 2021 Tax Year Total Total California Full-Time Employees1 231 241 253 264 274 286 Net Increase of Full-Time Employees Compared to the Base Year 0 8 25 45 59 10 22 33 43 55 Minimum Annual Wage Salary of California Full- Time Employees Hired $45,000 33,000 $45,000 33,000 $45,000 33,000 $45,000 33,000 $45,000 33,000 Cumulative Average Annual Wage Salary of California Full- Time Employees Hired $60,000 65,000 $60,000 65,000 $60,000 65,000 $60,000 65,000 $60,000 65,000 Investments $50,000 $100,000 $100,000 150,000 $100,000 175,000 $100,000 200,000 $450,000 225,000 $850,000 Tax Credit Allocation $0 18,000 $40,000 18,000 $100,000 18,000 $160,000 18,000 $100,000 18,000 $400,000 90,000 1 Determined on an annual full-time equivalent basis DocuSign Envelope ID: 263EEB1C-ACA9-481B-AE10-E9C932552672 GOVERNOR’ S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT STATE OF CALIFORNIA OFFICE OF GOVERNOR XXXXXX X. XXXXX XX. GOVERNOR’S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT EXHIBIT B FIRST AMENDMENT TO AGREEMENT
Appears in 2 contracts
Samples: California Competes Tax Credit Allocation Agreement, California Competes Tax Credit Allocation Agreement
Governing Law and Consent to Jurisdiction. This Agreement will be governed, construed, and enforced according to the laws of the State of California without regard to its conflict of laws rules. Each party hereby irrevocably consents to the exclusive jurisdiction and venue of any state court located within Sacramento County, State of California in connection with any matter arising out of this Agreement or the transactions contemplated under this Agreement. Remainder of the page is intentionally left blank. Signature page immediately follows. Governor’s Office of Business and Economic Development By: Name: Xxxxxxx Xxxx Title: Chief Deputy Director Date: October 31May 25, 2017 | 14:15 11:25 PDT TAXPAYER Telogiks LP Solatube International, Inc. By: Name: Xxxxx Xxxxxx Title: Chief Financial Officer Date: xxxxxxx xxxxxxx CFO October 21May 18, 2017 | 13:27 13:40 PDT Exhibit A Milestones Taxpayer: Solatube International, Inc. 2016 Tax Year (Base) 2017 Tax Year 2018 Tax Year 2019 Tax Year 2020 Tax Year 2021 Tax Year Total Total California Full-Time Employees1 128 131 133 135 136 137 Net Increase of Full-Time Employees Compared to the Base Year 0 3 5 7 8 25 45 59 9 Minimum Annual Wage Salary of California Full- Time Employees Hired $35,000 $35,000 $35,000 $35,000 $35,000 Cumulative Average Annual Salary of California Full- Time Employees Hired $45,000 $45,000 $45,000 $45,000 $45,000 Cumulative Average Annual Wage of California Full- Time Employees Hired $60,000 $60,000 $60,000 $60,000 $60,000 Investments $50,000 400,000 $100,000 400,000 $100,000 400,000 $100,000 400,000 $100,000 400,000 $450,000 2,000,000 Tax Credit Allocation $0 50,000 $40,000 50,000 $100,000 50,000 $160,000 50,000 $100,000 50,000 $400,000 250,000 1 Determined on an annual full-time equivalent basis STATE OF CALIFORNIA ⬧ OFFICE OF GOVERNOR XXXXX XXXXXX X. XXXXX XX. GOVERNOR’S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT EXHIBIT B FIRST AMENDMENT TO AGREEMENTDEVELOPMENT
Appears in 2 contracts
Samples: California Competes Tax Credit Allocation Agreement, California Competes Tax Credit Allocation Agreement
Governing Law and Consent to Jurisdiction. This Agreement will be governed, construed, and enforced according to the laws of the State of California without regard to its conflict of laws rules. Each party hereby irrevocably consents to the exclusive jurisdiction and venue of any state court located within Sacramento County, State of California in connection with any matter arising out of this Agreement or the transactions contemplated under this Agreement. Remainder of the page is intentionally left blank. Signature page immediately follows. Governor’s Office of Business and Economic Development By: Name: Xxxxxxx Xxxxxx Xxxx Title: Chief Deputy Director Date: October 31March 24, 2017 2019 | 14:15 14:00 PDT TAXPAYER Telogiks LP Bitchin’, Inc. By: Name: Xxxxxx Xxxxxxx Title: Date: xxxxxxx xxxxxxx CFO October 21Chief Financial Officer March 18, 2017 2019 | 13:27 11:08 PDT Exhibit A Milestones Taxpayer: Bitchin', Inc. 2018 Tax Year (Base) 2019 Tax Year 2020 Tax Year 2021 Tax Year 2022 Tax Year 2023 Tax Year Total Total California Full-Time Employees1 27 50 75 85 95 103 Net Increase of Full-Time Employees Compared to the Base Year 0 8 25 45 59 23 48 58 68 76 Minimum Annual Wage of California Full- Full-Time Employees Hired $45,000 35,000 $45,000 35,000 $45,000 35,000 $45,000 35,000 $45,000 35,000 Cumulative Average Annual Wage of California Full- Full-Time Employees Hired $60,000 57,000 $60,000 57,000 $60,000 57,000 $60,000 57,000 $60,000 57,000 Investments $50,000 0 $100,000 93,000 $100,000 93,000 $100,000 93,000 $100,000 93,000 $450,000 372,000 Tax Credit Allocation $0 350,000 $40,000 350,000 $100,000 350,000 $160,000 350,000 $100,000 350,000 $400,000 1,750,000 1 Determined on an annual full-time equivalent basis STATE OF CALIFORNIA OFFICE OF GOVERNOR XXXXXX X. XXXXX XX. GOVERNOR’S ’ S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT STATE OF CALIFORNIA 🞟 OFFICE OF GOVERNOR XXXXX XXXXXX EXHIBIT B FIRST AMENDMENT TO AGREEMENT
Appears in 2 contracts
Samples: California Competes Tax Credit Allocation Agreement, California Competes Tax Credit Allocation Agreement
Governing Law and Consent to Jurisdiction. This Agreement will be governed, construed, and enforced according to the laws of the State of California without regard to its conflict of laws rules. Each party hereby irrevocably consents to the exclusive jurisdiction and venue of any state court located within Sacramento County, State of California in connection with any matter arising out of this Agreement or the transactions contemplated under this Agreement. Remainder of the page is intentionally left blank. Signature page immediately follows. Governor’s Office of Business and Economic Development By: Name: Xxxxxxx Xxxx Title: Chief Deputy Director Date: October 31, 2017 | 14:15 13:27 PDT TAXPAYER Telogiks LP L3 Technologies, Inc. By: Name: Title: Date: xxxxxxx xxxxxxx CFO Xxxxxxxx X. Xxx Xxxxxxx VP October 2127, 2017 | 13:27 12:07 PDT Power Paragon, Inc. By: Name: Title: Date: Xxx Xxxxxxxx Director, Contracts October 27, 2017 | 12:02 PDT Exhibit A Milestones Taxpayer: L3 Technologies, Inc. (Credit Recipient) and Power Paragon, Inc. 2016 Tax Year (Base) 2017 Tax Year 2018 Tax Year 2019 Tax Year 2020 Tax Year 2021 Tax Year Total Total California Full-Time Employees1 424 452 473 505 538 574 Net Increase of Full-Time Employees Compared to the Base Year 0 8 25 45 59 28 49 81 114 150 Minimum Annual Wage of California Full- Full-Time Employees Hired $45,000 30,000 $45,000 30,000 $45,000 30,000 $45,000 30,000 $45,000 30,000 Cumulative Average Annual Wage of California Full- Time Employees Hired $60,000 75,000 $60,000 75,000 $60,000 75,000 $60,000 75,000 $60,000 75,000 Investments $50,000 500,000 $100,000 1,750,000 $100,000 1,750,000 $100,000 1,750,000 $100,000 1,750,000 $450,000 7,500,000 Tax Credit Allocation $0 380,000 $40,000 380,000 $100,000 380,000 $160,000 380,000 $100,000 380,000 $400,000 1,900,000 1 Determined on an annual full-time equivalent basis STATE OF CALIFORNIA 🞟 OFFICE OF GOVERNOR XXXXX XXXXXX X. XXXXX XX. GOVERNOR’S ’ S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT EXHIBIT Exhibit B FIRST AMENDMENT TO AGREEMENTFirst Amendment to Agreement
Appears in 2 contracts
Samples: California Competes Tax Credit Allocation Agreement, California Competes Tax Credit Allocation Agreement
Governing Law and Consent to Jurisdiction. This Agreement will be governed, construed, and enforced according to the laws of the State of California without regard to its conflict of laws rules. Each party hereby irrevocably consents to the exclusive jurisdiction and venue of any state court located within Sacramento County, State of California in connection with any matter arising out of this Agreement or the transactions contemplated under this Agreement. Remainder of the page is intentionally left blank. Signature page immediately follows. Governor’s Office of Business and Economic Development By: Name: Xxxxxxx Xxxxxx Xxxx Title: Chief Deputy Director Date: October 31May 28, 2017 2019 | 14:15 10:24 PDT TAXPAYER Telogiks LP e.l.f. Cosmetics, Inc. By: Name: Xxx Xxxxxxxx Title: Date: xxxxxxx xxxxxxx CFO October 21SVP-Operations May 15, 2017 2019 | 13:27 16:10 PDT Taxpayer: e.l.f Cosmetics, Inc. Exhibit A Milestones Net Increase of 2013 Tax Year (Base) 2018 Tax Year 2019 Tax Year 2020 Tax Year 2021 Tax Year 2022 Tax Year Total Total California Full-Time Employees Compared to the Base Year 0 8 25 45 59 Employees1 37 110 119 121 123 125 Total California Full-Time Employees1 from Prior CCTC Agreement 101 101 101 101 101 Minimum Annual Wage of California Full- Full-Time Employees Hired $45,000 50,000 $45,000 50,000 $45,000 50,000 $45,000 50,000 $45,000 50,000 Cumulative Average Annual Wage of California Full- Full-Time Employees Hired $60,000 63,437 $60,000 63,437 $60,000 63,437 $60,000 63,437 $60,000 63,437 Investments from Prior CCTC Agreement $50,000 1,400,000 $100,000 1,400,000 $100,000 1,400,000 $100,000 0 $100,000 0 Additional Investments for this Agreement $450,000 1,777,000 $572,800 $500,000 $500,000 $500,000 $3,849,800 Tax Credit Allocation from Prior CCTC Agreement $140,000 $140,000 $140,000 $0 $40,000 0 Tax Credit Allocation for this Agreement $100,000 94,205 $160,000 94,205 $100,000 94,205 $400,000 94,205 $94,205 $471,025 1 Determined on an annual full-time equivalent basis STATE OF CALIFORNIA 🞟 OFFICE OF GOVERNOR XXXXX XXXXXX X. XXXXX XX. GOVERNOR’S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT EXHIBIT Exhibit B FIRST AMENDMENT TO AGREEMENTFirst Amendment to Agreement
Appears in 2 contracts
Samples: California Competes Tax Credit Allocation Agreement, California Competes Tax Credit Allocation Agreement
Governing Law and Consent to Jurisdiction. This Agreement will be governed, construed, and enforced according to the laws of the State of California without regard to its conflict of laws rules. Each party hereby irrevocably consents to the exclusive jurisdiction and venue of any state court located within Sacramento County, State of California in connection with any matter arising out of this Agreement or the transactions contemplated under this Agreement. Remainder of the page is intentionally left blank. Signature page immediately follows. Governor’s Office of Business and Economic Development By: Name: Xxxxxxx Xxxx Title: Chief Deputy Director Date: October 31, 2017 | 14:15 13:40 PDT TAXPAYER Telogiks LP Califia Farms LLC By: Name: Title: Date: xxxxxxx xxxxxxx Xxxxx Xxxxxxxx CFO October 2126, 2017 | 13:27 PDT 00:03 CST Exhibit A Milestones Taxpayer: Califia Farms LLC 2016 Tax Year (Base) 2017 Tax Year 2018 Tax Year 2019 Tax Year 2020 Tax Year 2021 Tax Year Total Total California Full-Time Employees1 168 206 266 334 405 468 Net Increase of Full-Time Employees Compared to the Base Year 0 8 25 45 59 38 98 166 237 300 Minimum Annual Wage of California Full- Full-Time Employees Hired $45,000 30,000 $45,000 30,000 $45,000 30,000 $45,000 30,000 $45,000 31,200 Cumulative Average Annual Wage of California Full- Full-Time Employees Hired $60,000 46,000 $60,000 46,000 $60,000 46,000 $60,000 46,000 $60,000 46,000 Investments $50,000 450,000 $100,000 9,860,000 $100,000 15,500,000 $100,000 8,850,000 $100,000 8,450,000 $450,000 43,110,000 Tax Credit Allocation $0 450,000 $40,000 500,000 $100,000 500,000 $160,000 500,000 $100,000 500,000 $400,000 2,450,000 1 Determined on an annual full-time equivalent basis STATE OF CALIFORNIA OFFICE OF GOVERNOR XXXXXX X. XXXXX XX. DocuSign Envelope ID: 840B609A-5606-4AA1-85A3-E0DB845AA7AE GOVERNOR’S ’ S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT STATE OF CALIFORNIA 🞟 OFFICE OF GOVERNOR XXXXX XXXXXX EXHIBIT B FIRST AMENDMENT TO AGREEMENTAGREEMENT 1. The Governor’s Office of Business and Economic Development and Califia Farms LLC (collectively referred to as Parties) are parties to an agreement that became effective on November 16, 2017 (Agreement). After executing the Agreement, Califia Farms LLC realized that it had inadvertently miscalculated the number of full-time employees employed during its base year.
Appears in 2 contracts
Samples: California Competes Tax Credit Allocation Agreement, California Competes Tax Credit Allocation Agreement
Governing Law and Consent to Jurisdiction. This Agreement will be governed, construed, and enforced according to the laws of the State of California without regard to its conflict of laws rules. Each party hereby irrevocably consents to the exclusive jurisdiction and venue of any state court located within Sacramento County, State of California in connection with any matter arising out of this Agreement or the transactions contemplated under this Agreement. Remainder of the page is intentionally left blank. Signature page immediately follows. Governor’s Office of Business and Economic Development By: Name: Xxxxxxx Xxxx Title: Chief Deputy Director Date: October 31May 25, 2017 | 14:15 10:04 PDT TAXPAYER Telogiks LP Unique Elevator Interiors, Inc. By: Name: Xxxxxx Xxxxx Title: Chief Executive Officer Date: xxxxxxx xxxxxxx CFO October 21May 25, 2017 | 13:27 09:48 PDT Exhibit A Milestones Net Increase of Taxpayer: Unique Elevator Interiors, Inc. 2016 Tax Year (Base) 2017 Tax Year 2018 Tax Year 2019 Tax Year 2020 Tax Year 2021 Tax Year Total Total California Full-Time Employees Compared to the Base Year 0 8 25 45 59 Employees1 38 41 44 46 48 50 Minimum Annual Wage Salary of California Full- Time Employees Hired $45,000 40,000 $45,000 40,000 $45,000 40,000 $45,000 40,000 $45,000 40,000 Cumulative Average Annual Wage Salary of California Full- Time Employees Hired $60,000 65,000 $60,000 65,000 $60,000 65,000 $60,000 65,000 $60,000 65,000 Investments $50,000 213,781 $100,000 0 $100,000 0 $100,000 0 $100,000 0 $450,000 213,781 Tax Credit Allocation $0 42,756 $40,000 42,756 $100,000 42,756 $160,000 42,756 $100,000 42,756 $400,000 213,781 1 Determined on an annual full-time equivalent basis STATE OF CALIFORNIA 🞟 OFFICE OF GOVERNOR XXXXXX X. XXXXX XX. GOVERNOR’S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT EXHIBIT Exhibit B FIRST AMENDMENT TO AGREEMENT(First Amendment to Agreement)
Appears in 2 contracts
Samples: California Competes Tax Credit Allocation Agreement, California Competes Tax Credit Allocation Agreement
Governing Law and Consent to Jurisdiction. This Agreement will be governed, construed, and enforced according to the laws of the State of California without regard to its conflict of laws rules. Each party hereby irrevocably consents to the exclusive jurisdiction and venue of any state court located within Sacramento County, State of California in connection with any matter arising out of this Agreement or the transactions contemplated under this Agreement. Remainder of the page is intentionally left blank. Signature page immediately follows. Governor’s Office of Business and Economic Development By: Name: Xxxxxxx Xxxx Title: Chief Deputy Director Date: October 31, 2017 | 14:15 14:14 PDT TAXPAYER Telogiks LP Northern California Tile and Stone, Inc. By: Name: Xxxxx Xxxxxxx Title: Date: xxxxxxx xxxxxxx CFO president October 2123, 2017 | 13:27 08:42 PDT Exhibit A Milestones Net Increase of Taxpayer: Northern California Tile and Stone, Inc. 2016 Tax Year (Base) 2017 Tax Year 2018 Tax Year 2019 Tax Year 2020 Tax Year 2021 Tax Year Total Total California Full-Time Employees Compared to the Base Year 0 8 Employees1 21 25 45 59 31 37 43 47 Minimum Annual Wage of California Full- Time Employees Hired $45,000 39,000 $45,000 39,000 $45,000 39,000 $45,000 39,000 $45,000 39,000 Cumulative Average Annual Wage of California Full- Time Employees Hired $60,000 45,500 $60,000 45,500 $60,000 45,500 $60,000 45,500 $60,000 45,500 Investments $50,000 200,000 $100,000 468,000 $100,000 190,666 $100,000 190,667 $100,000 190,667 $450,000 1,240,000 Tax Credit Allocation $0 31,000 $40,000 31,000 $100,000 31,000 $160,000 31,000 $100,000 31,000 $400,000 155,000 1 Determined on an annual full-time equivalent basis STATE OF CALIFORNIA OFFICE OF GOVERNOR XXXXXX X. XXXXX XX. DocuSign Envelope ID: A46B9DFA-5D4F-4931-B91B-EB977B2DD008 GOVERNOR’S ’ S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT STATE OF CALIFORNIA 🞟 OFFICE OF GOVERNOR XXXXX XXXXXX EXHIBIT B FIRST AMENDMENT TO AGREEMENT
Appears in 2 contracts
Samples: California Competes Tax Credit Allocation Agreement, California Competes Tax Credit Allocation Agreement
Governing Law and Consent to Jurisdiction. This Agreement will be governed, construed, and enforced according to the laws of the State of California without regard to its conflict of laws rules. Each party hereby irrevocably consents to the exclusive jurisdiction and venue of any state court located within Sacramento County, State of California in connection with any matter arising out of this Agreement or the transactions contemplated under this Agreement. Remainder of the page is intentionally left blank. Signature page immediately follows. Governor’s Office of Business and Economic Development By: Name: Xxxxxxx Xxxx Title: Chief Deputy Director Date: October 31May 25, 2017 | 14:15 10:49 PDT TAXPAYER Telogiks LP Excelsior Metals, Inc. By: Name: Xxxxxxx Xxxxx III Title: President/Chief Executive Officer Date: xxxxxxx xxxxxxx CFO October 21May 19, 2017 | 13:27 14:09 PDT Exhibit A Milestones Net Increase of Taxpayer: Excelsior Metals, Inc. 2016 Tax Year (Base) 2017 Tax Year 2018 Tax Year 2019 Tax Year 2020 Tax Year 2021 Tax Year Total Total California Full-Time Employees Compared to the Base Year 0 8 Employees1 25 45 59 26 28 30 32 34 Minimum Annual Wage Salary of California Full- Time Employees Hired $45,000 32,000 $45,000 32,000 $45,000 32,000 $45,000 32,000 $45,000 32,000 Cumulative Average Annual Wage Salary of California Full- Time Employees Hired $60,000 38,000 $60,000 38,000 $60,000 38,000 $60,000 38,000 $60,000 38,000 Investments $50,000 1,251,375 $100,000 550,000 $100,000 360,000 $100,000 417,425 $100,000 1,039,200 $450,000 3,618,000 Tax Credit Allocation $0 27,000 $40,000 27,000 $100,000 27,000 $160,000 27,000 $100,000 27,000 $400,000 135,000 1 Determined on an annual full-time equivalent basis STATE OF CALIFORNIA OFFICE OF GOVERNOR XXXXXX X. XXXXX XX. GOVERNOR’S ’ S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT STATE OF CALIFORNIA ⬧ OFFICE OF GOVERNOR XXXXX XXXXXX EXHIBIT B FIRST AMENDMENT TO AGREEMENT
Appears in 2 contracts
Samples: California Competes Tax Credit Allocation Agreement, California Competes Tax Credit Allocation Agreement
Governing Law and Consent to Jurisdiction. This Agreement will be governed, construed, and enforced according to the laws of the State of California without regard to its conflict of laws rules. Each party hereby irrevocably consents to the exclusive jurisdiction and venue of any state court located within Sacramento County, State of California in connection with any matter arising out of this Agreement or the transactions contemplated under this Agreement. Remainder of the page is intentionally left blank. Signature page immediately follows. Governor’s Office of Business and Economic Development By: Name: Xxxxxxx Xxxx Title: Chief Deputy Director Date: October 31May 25, 2017 | 14:15 10:04 PDT TAXPAYER Telogiks LP Unique Elevator Interiors, Inc. By: Name: Xxxxxx Xxxxx Title: Chief Executive Officer Date: xxxxxxx xxxxxxx CFO October 21May 25, 2017 | 13:27 09:48 PDT Exhibit A Milestones Net Increase of Taxpayer: Unique Elevator Interiors, Inc. 2016 Tax Year (Base) 2017 Tax Year 2018 Tax Year 2019 Tax Year 2020 Tax Year 2021 Tax Year Total Total California Full-Time Employees Compared to the Base Year 0 8 25 45 59 Employees1 38 41 44 46 48 50 Minimum Annual Wage Salary of California Full- Time Employees Hired $45,000 40,000 $45,000 40,000 $45,000 40,000 $45,000 40,000 $45,000 40,000 Cumulative Average Annual Wage Salary of California Full- Time Employees Hired $60,000 65,000 $60,000 65,000 $60,000 65,000 $60,000 65,000 $60,000 65,000 Investments $50,000 213,781 $100,000 0 $100,000 0 $100,000 0 $100,000 0 $450,000 213,781 Tax Credit Allocation $0 42,756 $40,000 42,756 $100,000 42,756 $160,000 42,756 $100,000 42,756 $400,000 213,781 1 Determined on an annual full-time equivalent basis STATE OF CALIFORNIA OFFICE OF GOVERNOR XXXXXX X. XXXXX XX. GOVERNOR’S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT EXHIBIT Exhibit B FIRST AMENDMENT TO AGREEMENT(First Amendment to Agreement)
Appears in 2 contracts
Samples: California Competes Tax Credit Allocation Agreement, California Competes Tax Credit Allocation Agreement
Governing Law and Consent to Jurisdiction. This Agreement will be governed, construed, and enforced according to the laws of the State of California without regard to its conflict of laws rules. Each party hereby irrevocably consents to the exclusive jurisdiction and venue of any state court located within Sacramento County, State of California in connection with any matter arising out of this Agreement or the transactions contemplated under this Agreement. Remainder of the page is intentionally left blank. Signature page immediately follows. Governor’s Office of Business and Economic Development By: Name: Xxxxxxx Xxxx Title: Chief Deputy Director Date: October 31May 25, 2017 | 14:15 10:49 PDT TAXPAYER Telogiks LP Excelsior Metals, Inc. By: Name: Xxxxxxx Xxxxx XXX Title: President/Chief Executive Officer Date: xxxxxxx xxxxxxx CFO October 21May 19, 2017 | 13:27 14:09 PDT Exhibit A Milestones Net Increase of Taxpayer: Excelsior Metals, Inc. 2016 Tax Year (Base) 2017 Tax Year 2018 Tax Year 2019 Tax Year 2020 Tax Year 2021 Tax Year Total Total California Full-Time Employees Compared to the Base Year 0 8 Employees1 25 45 59 26 28 30 32 34 Minimum Annual Wage Salary of California Full- Time Employees Hired $45,000 32,000 $45,000 32,000 $45,000 32,000 $45,000 32,000 $45,000 32,000 Cumulative Average Annual Wage Salary of California Full- Time Employees Hired $60,000 38,000 $60,000 38,000 $60,000 38,000 $60,000 38,000 $60,000 38,000 Investments $50,000 1,251,375 $100,000 550,000 $100,000 360,000 $100,000 417,425 $100,000 1,039,200 $450,000 3,618,000 Tax Credit Allocation $0 27,000 $40,000 27,000 $100,000 27,000 $160,000 27,000 $100,000 27,000 $400,000 135,000 1 Determined on an annual full-time equivalent basis STATE OF CALIFORNIA OFFICE OF GOVERNOR XXXXXX X. XXXXX XX. GOVERNOR’S ’ S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT STATE OF CALIFORNIA 🞟 OFFICE OF GOVERNOR XXXXX XXXXXX EXHIBIT B FIRST AMENDMENT TO AGREEMENT
Appears in 2 contracts
Samples: California Competes Tax Credit Allocation Agreement, California Competes Tax Credit Allocation Agreement
Governing Law and Consent to Jurisdiction. This Agreement will be governed, construed, and enforced according to the laws of the State of California without regard to its conflict of laws rules. Each party hereby irrevocably consents to the exclusive jurisdiction and venue of any state court located within Sacramento County, State of California in connection with any matter arising out of this Agreement or the transactions contemplated under this Agreement. Remainder of the page is intentionally left blank. Signature page immediately follows. Governor’s Office of Business and Economic Development By: Name: Xxxxxxx Xxxx Title: Chief Deputy Director Date: October 31May 25, 2017 | 14:15 11:25 PDT TAXPAYER Telogiks LP Solatube International, Inc. By: Name: Xxxxx Xxxxxx Title: Chief Financial Officer Date: xxxxxxx xxxxxxx CFO October 21May 18, 2017 | 13:27 13:40 PDT Exhibit A Milestones Taxpayer: Solatube International, Inc. 2016 Tax Year (Base) 2017 Tax Year 2018 Tax Year 2019 Tax Year 2020 Tax Year 2021 Tax Year Total Total California Full-Time Employees1 128 131 133 135 136 137 Net Increase of Full-Time Employees Compared to the Base Year 0 3 5 7 8 25 45 59 9 Minimum Annual Wage Salary of California Full- Time Employees Hired $35,000 $35,000 $35,000 $35,000 $35,000 Cumulative Average Annual Salary of California Full- Time Employees Hired $45,000 $45,000 $45,000 $45,000 $45,000 Cumulative Average Annual Wage of California Full- Time Employees Hired $60,000 $60,000 $60,000 $60,000 $60,000 Investments $50,000 400,000 $100,000 400,000 $100,000 400,000 $100,000 400,000 $100,000 400,000 $450,000 2,000,000 Tax Credit Allocation $0 50,000 $40,000 50,000 $100,000 50,000 $160,000 50,000 $100,000 50,000 $400,000 250,000 1 Determined on an annual full-time equivalent basis STATE OF CALIFORNIA 🞟 OFFICE OF GOVERNOR XXXXX XXXXXX X. XXXXX XX. GOVERNOR’S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT EXHIBIT B FIRST AMENDMENT TO AGREEMENTDEVELOPMENT
Appears in 2 contracts
Samples: California Competes Tax Credit Allocation Agreement, California Competes Tax Credit Allocation Agreement
Governing Law and Consent to Jurisdiction. This Agreement will be governed, construed, and enforced according to the laws of the State of California without regard to its conflict of laws rules. Each party hereby irrevocably consents to the exclusive jurisdiction and venue of any state court located within Sacramento County, State of California in connection with any matter arising out of this Agreement or the transactions contemplated under this Agreement. Remainder of the page is intentionally left blank. Signature page immediately follows. Governor’s Office of Business and Economic Development By: Name: Xxxxxxx Xxxxxx Xxxx Title: Chief Deputy Director Date: October 31March 24, 2017 2019 | 14:15 14:00 PDT TAXPAYER Telogiks LP Bitchin’, Inc. By: Name: Xxxxxx Xxxxxxx Title: Date: xxxxxxx xxxxxxx CFO October 21Chief Financial Officer March 18, 2017 2019 | 13:27 11:08 PDT Exhibit A Milestones Taxpayer: Bitchin', Inc. 2018 Tax Year (Base) 2019 Tax Year 2020 Tax Year 2021 Tax Year 2022 Tax Year 2023 Tax Year Total Total California Full-Time Employees1 27 50 75 85 95 103 Net Increase of Full-Time Employees Compared to the Base Year 0 8 25 45 59 23 48 58 68 76 Minimum Annual Wage of California Full- Full-Time Employees Hired $45,000 35,000 $45,000 35,000 $45,000 35,000 $45,000 35,000 $45,000 35,000 Cumulative Average Annual Wage of California Full- Full-Time Employees Hired $60,000 57,000 $60,000 57,000 $60,000 57,000 $60,000 57,000 $60,000 57,000 Investments $50,000 0 $100,000 93,000 $100,000 93,000 $100,000 93,000 $100,000 93,000 $450,000 372,000 Tax Credit Allocation $0 350,000 $40,000 350,000 $100,000 350,000 $160,000 350,000 $100,000 350,000 $400,000 1,750,000 1 Determined on an annual full-time equivalent basis STATE OF CALIFORNIA OFFICE OF GOVERNOR XXXXXX X. XXXXX XX. GOVERNOR’S ’ S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT STATE OF CALIFORNIA ⬧ OFFICE OF GOVERNOR XXXXX XXXXXX EXHIBIT B FIRST AMENDMENT TO AGREEMENT
Appears in 2 contracts
Samples: California Competes Tax Credit Allocation Agreement, California Competes Tax Credit Allocation Agreement
Governing Law and Consent to Jurisdiction. This Agreement will be governed, construed, and enforced according to the laws of the State of California without regard to its conflict of laws rules. Each party hereby irrevocably consents to the exclusive jurisdiction and venue of any state court located within Sacramento County, State of California in connection with any matter arising out of this Agreement or the transactions contemplated under this Agreement. Remainder of the page is intentionally left blank. Signature page immediately follows. Governor’s Office of Business and Economic Development By: Name: Xxxxxxx Xxxx Title: Chief Deputy Director Date: October 31, 2017 | 14:15 13:52 PDT TAXPAYER Telogiks LP The Assay Depot, Inc. By: Name: Title: Date: xxxxxxx xxxxxxx CFO Xxxxxxxxxx Xxxxx Vice President - Finance October 2120, 2017 | 13:27 11:33 PDT Exhibit A Milestones Taxpayer: The Assay Depot, Inc. 2016 Tax Year (Base) 2017 Tax Year 2018 Tax Year 2019 Tax Year 2020 Tax Year 2021 Tax Year Total Total California Full-Time Employees1 11 22 35 44 52 60 Net Increase of Full-Time Employees Compared to the Base Year 0 8 25 45 59 11 24 33 41 49 Minimum Annual Wage of California Full- Time Employees Hired $45,000 31,000 $45,000 31,000 $45,000 31,000 $45,000 31,000 $45,000 31,000 Cumulative Average Annual Wage of California Full- Time Employees Hired $60,000 80,000 $60,000 80,000 $60,000 80,000 $60,000 80,000 $60,000 80,000 Investments $50,000 7,000 $100,000 17,000 $100,000 17,000 $100,000 17,000 $100,000 17,000 $450,000 75,000 Tax Credit Allocation $0 70,000 $40,000 70,000 $100,000 70,000 $160,000 70,000 $100,000 70,000 $400,000 350,000 1 Determined on an annual full-time equivalent basis STATE OF CALIFORNIA OFFICE OF GOVERNOR XXXXXX X. XXXXX XX. DocuSign Envelope ID: 245CC351-9906-462D-B937-7DF9F6E7FF94 GOVERNOR’S ’ S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT STATE OF CALIFORNIA ⬧ OFFICE OF GOVERNOR XXXXX XXXXXX EXHIBIT B FIRST AMENDMENT TO AGREEMENT
Appears in 1 contract
Samples: California Competes Tax Credit Allocation Agreement
Governing Law and Consent to Jurisdiction. This Agreement will be governed, construed, and enforced according to the laws of the State of California without regard to its conflict of laws rules. Each party hereby irrevocably consents to the exclusive jurisdiction and venue of any state court located within Sacramento County, State of California in connection with any matter arising out of this Agreement or the transactions contemplated under this Agreement. Remainder of the page is intentionally left blank. Signature page immediately follows. Governor’s Office of Business and Economic Development By: Name: Xxxxxxx Xxxxxx Xxxx Title: Chief Deputy Director Date: October 31May 28, 2017 2019 | 14:15 08:55 PDT TAXPAYER Telogiks LP Xxxxxx Xxxxxxx Corporation By: Name: Xxxxxxxxx Xxxxxx Title: Date: xxxxxxx xxxxxxx CFO October 21May 22, 2017 2019 | 13:27 09:41 PDT Exhibit A Milestones Net Increase of Taxpayer: Xxxxxx Xxxxxxx Corporation 2016 Tax Year (Base) 2019 Tax Year 2020 Tax Year 2021 Tax Year 2022 Tax Year 2023 Tax Year Total Total California Full-Time Employees Compared to the Base Year 0 8 25 45 59 Employees1 246 276 285 294 303 311 Minimum Annual Wage of California Full- Full-Time Employees Hired $45,000 30,000 $45,000 35,000 $45,000 35,000 $45,000 35,000 $45,000 35,000 Cumulative Average Annual Wage of California Full- Full-Time Employees Hired $60,000 65,000 $60,000 65,000 $60,000 65,000 $60,000 65,000 $60,000 65,000 Additional Investments for this Agreement $50,000 0 $4,000,000 $4,000,000 $4,000,000 $3,000,000 $15,000,000 Tax Credit Allocation from Prior CCTC Agreement $100,000 $100,000 $100,000 $100,000 0 $450,000 0 $300,000 Tax Credit Allocation $0 $40,000 20,000 $100,000 $20,000 $200,000 $160,000 $100,000 $400,000 500,000 1 Determined on an annual full-time equivalent basis STATE OF CALIFORNIA OFFICE OF GOVERNOR XXXXXX X. XXXXX XX. GOVERNOR’S ’ S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT STATE OF CALIFORNIA ⬧ OFFICE OF GOVERNOR XXXXX XXXXXX EXHIBIT B FIRST AMENDMENT TO AGREEMENT
Appears in 1 contract
Samples: California Competes Tax Credit Allocation Agreement
Governing Law and Consent to Jurisdiction. This Agreement will be governed, construed, and enforced according to the laws of the State of California without regard to its conflict of laws rules. Each party hereby irrevocably consents to the exclusive jurisdiction and venue of any state court located within Sacramento County, State of California in connection with any matter arising out of this Agreement or the transactions contemplated under this Agreement. Remainder of the page is intentionally left blank. Signature page immediately follows. Governor’s Office of Business and Economic Development By: Name: Xxxxxxx Xxxxxx Xxxx Title: Chief Deputy Director Date: October 31March 24, 2017 2019 | 14:15 14:00 PDT TAXPAYER Telogiks LP QC Manufacturing, Inc. By: Name: Title: Date: xxxxxxx xxxxxxx CFO October 21Xxxx Xxxxx Human Resources Manager March 19, 2017 2019 | 13:27 09:10 PDT Exhibit A Milestones Taxpayer: QC Manufacturing, Inc. 2018 Tax Year (Base) 2019 Tax Year 2020 Tax Year 2021 Tax Year 2022 Tax Year 2023 Tax Year Total Total California Full-Time Employees1 99 110 131 153 185 199 Net Increase of Full-Time Employees Compared to the Base Year 0 8 25 45 59 11 32 54 86 100 Minimum Annual Wage of California Full- Full-Time Employees Hired $45,000 31,200 $45,000 31,200 $45,000 31,200 $45,000 31,200 $45,000 31,200 Cumulative Average Annual Wage of California Full- Full-Time Employees Hired $60,000 33,000 $60,000 33,000 $60,000 33,000 $60,000 33,000 $60,000 33,000 Investments $50,000 831,538 $100,000 256,570 $100,000 203,520 $100,000 89,170 $100,000 5,170 $450,000 1,385,968 Tax Credit Allocation $0 80,000 $40,000 155,000 $100,000 165,000 $160,000 240,000 $100,000 110,000 $400,000 750,000 1 Determined on an annual full-time equivalent basis STATE OF CALIFORNIA OFFICE OF GOVERNOR XXXXXX X. XXXXX XX. DocuSign Envelope ID: 21BB2A0E-888D-493B-8D91-86D68F7EC69E GOVERNOR’S ’ S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT STATE OF CALIFORNIA 🞟 OFFICE OF GOVERNOR XXXXX XXXXXX EXHIBIT B FIRST AMENDMENT TO AGREEMENT
Appears in 1 contract
Samples: California Competes Tax Credit Allocation Agreement
Governing Law and Consent to Jurisdiction. This Agreement will be governed, construed, and enforced according to the laws of the State of California without regard to its conflict of laws rules. Each party hereby irrevocably consents to the exclusive jurisdiction and venue of any state court located within Sacramento County, State of California in connection with any matter arising out of this Agreement or the transactions contemplated under this Agreement. Remainder of the page is intentionally left blank. Signature page immediately follows. Governor’s Office of Business and Economic Development By: Name: Xxxxxxx Xxxxxx Xxxx Title: Chief Deputy Director Date: October 31May 28, 2017 2019 | 14:15 10:22 PDT TAXPAYER Telogiks LP O’Keeffe’s. Inc. By: Name: Wi11iam O'Keeffe Title: Date: xxxxxxx xxxxxxx CFO October 21presidenk May 16, 2017 2019 | 13:27 10:40 PDT Exhibit A Milestones Taxpayer: O'Keeffe's, Inc. 2018 Tax Year (Base) 2019 Tax Year 2020 Tax Year 2021 Tax Year 2022 Tax Year 2023 Tax Year Total Total California Full-Time Employees1 212 215 221 226 231 232 Net Increase of Full-Time Employees Compared to the Base Year 0 8 25 45 59 3 9 14 19 20 Minimum Annual Wage of California Full- Full-Time Employees Hired $40,000 $40,000 $40,000 $40,000 $40,000 Cumulative Average Annual Wage of California Full-Time Employees Hired $45,000 $45,000 $45,000 $45,000 $45,000 Cumulative Average Annual Wage of California Full- Time Employees Hired $60,000 $60,000 $60,000 $60,000 $60,000 Investments $50,000 1,200,000 $100,000 1,900,000 $100,000 1,800,000 $100,000 1,800,000 $100,000 1,800,000 $450,000 8,500,000 Tax Credit Allocation $0 $40,000 $100,000 $160,000 225,000 $100,000 195,000 $400,000 195,000 $35,000 $750,000 1 Determined on an annual full-time equivalent basis STATE OF CALIFORNIA OFFICE OF GOVERNOR XXXXXX X. XXXXX XX. GOVERNOR’S DocuSign Envelope ID: XX00X000-0X0X-0000-X00X-0XXXXX0X0X0X XXXXXXXX’ S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT STATE OF CALIFORNIA ⬧ OFFICE OF GOVERNOR XXXXX XXXXXX EXHIBIT B FIRST AMENDMENT TO AGREEMENT
Appears in 1 contract
Samples: California Competes Tax Credit Allocation Agreement
Governing Law and Consent to Jurisdiction. This Agreement will be governed, construed, and enforced according to the laws of the State of California without regard to its conflict of laws rules. Each party hereby irrevocably consents to the exclusive jurisdiction and venue of any state court located within Sacramento County, State of California in connection with any matter arising out of this Agreement or the transactions contemplated under this Agreement. Remainder of the page is intentionally left blank. Signature page immediately follows. Governor’s Office of Business and Economic Development By: Name: Xxxxxxx Xxxx Title: Chief Deputy Director Date: October 31, 2017 | 14:15 14:16 PDT TAXPAYER Telogiks LP Xxxx X. Xxxx & Associates P.C. By: Name: Title: Date: xxxxxxx xxxxxxx CFO Xxxx Xxxx PRESIDENT October 2120, 2017 | 13:27 16:15 PDT Exhibit A Milestones Net Increase of Taxpayer: Xxxx X. Xxxx & Associates P.C. 2014 Tax Year (Base) 2017 Tax Year 2018 Tax Year 2019 Tax Year 2020 Tax Year 2021 Tax Year Total Total California Full-Time Employees Compared to the Base Year 0 Employees1 for this Agreement 5 7 8 25 45 59 9 10 11 Minimum Annual Wage of California Full- Time Employees Hired $45,000 $45,000 $45,000 $45,000 $45,000 Cumulative Average Annual Wage of California Full- Time Employees Hired $60,000 45,000 $60,000 45,000 $60,000 45,000 $60,000 45,000 $60,000 45,000 Investments from Prior CCTC Agreement $50,000 5,000 $100,000 5,000 $100,000 5,000 $100,000 0 $100,000 0 Additional Investments for this Agreement $450,000 18,000 $18,000 $90,000 $90,000 $90,000 $306,000 Tax Credit Allocation from Prior CCTC Agreement $10,000 $25,000 $10,000 $0 $40,000 0 $100,000 45,000 Tax Credit Allocation for this Agreement $160,000 0 $100,000 0 $400,000 1 Determined on an annual full-time equivalent basis STATE OF CALIFORNIA OFFICE OF GOVERNOR XXXXXX X. XXXXX XX. GOVERNOR’S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT EXHIBIT B FIRST AMENDMENT TO AGREEMENT33,000 $33,000 $34,000 $100,000
Appears in 1 contract
Samples: California Competes Tax Credit Allocation Agreement
Governing Law and Consent to Jurisdiction. This Agreement will be governed, construed, and enforced according to the laws of the State of California without regard to its conflict of laws rules. Each party hereby irrevocably consents to the exclusive jurisdiction and venue of any state court located within Sacramento County, State of California in connection with any matter arising out of this Agreement or the transactions contemplated under this Agreement. Remainder of the page is intentionally left blank. Signature page immediately follows. Governor’s Office of Business and Economic Development By: Name: Xxxxxxx Xxxxxx Xxxx Title: Chief Deputy Director Date: October 31March 24, 2017 2019 | 14:15 13:57 PDT TAXPAYER Telogiks LP Xxxxxxxx.xxx Operations, Inc. By: Name: Title: Date: xxxxxxx xxxxxxx CFO October 21Xxxxxx X. Xxxxx Vice President of Tax March 19, 2017 2019 | 13:27 12:40 PDT Exhibit A Milestones Taxpayer: Xxxxxxxx.xxx Operations, Inc. 2015 Tax Year (Base) 2019 Tax Year 2020 Tax Year 2021 Tax Year 2022 Tax Year 2023 Tax Year Total Total California Full-Time Employees1 for this Agreement 150 413 463 513 563 613 Total California Full-Time Employees1 from Prior CCTC Agreement 292 332 332 332 332 Net Increase of Full-Time Employees Compared to the Base Year 0 8 25 45 59 for this Agreement 121 131 181 231 281 Minimum Annual Wage of California Full- Full-Time Employees Hired $45,000 50,000 $45,000 50,000 $45,000 50,000 $45,000 50,000 $45,000 50,000 Cumulative Average Annual Wage of California Full- Time Employees Hired $60,000 125,000 $60,000 125,000 $60,000 125,000 $60,000 125,000 $60,000 125,000 Investments from Prior CCTC Agreement $50,000 2,516,000 $100,000 3,972,000 $100,000 0 $100,000 0 $100,000 0 Additional Investments for this Agreement $450,000 600,000 $600,000 $600,000 $600,000 $600,000 $3,000,000 Tax Credit Allocation from Prior CCTC Agreement $180,000 $180,000 $0 $40,000 0 $100,000 0 Tax Credit Allocation for this Agreement $160,000 1,000,000 $100,000 1,000,000 $400,000 1 Determined on an annual full-time equivalent basis STATE OF CALIFORNIA OFFICE OF GOVERNOR XXXXXX X. XXXXX XX. GOVERNOR’S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT EXHIBIT B FIRST AMENDMENT TO AGREEMENT1,000,000 $1,000,000 $1,000,000 $5,000,000
Appears in 1 contract
Samples: California Competes Tax Credit Allocation Agreement
Governing Law and Consent to Jurisdiction. This Agreement will be governed, construed, and enforced according to the laws of the State of California without regard to its conflict of laws rules. Each party hereby irrevocably consents to the exclusive jurisdiction and venue of any state court located within Sacramento County, State of California in connection with any matter arising out of this Agreement or the transactions contemplated under this Agreement. Remainder of the page is intentionally left blank. Signature page immediately follows. Governor’s Office of Business and Economic Development By: Name: Xxxxxxx Xxxxxx Xxxx Title: Chief Deputy Director Date: October 31May 28, 2017 2019 | 14:15 08:53 PDT TAXPAYER Telogiks LP Sage Goddess, Inc. By: Name: Xxxxx Xxxxxxx Title: Date: xxxxxxx xxxxxxx CFO October 21COO May 24, 2017 2019 | 13:27 13:57 PDT Exhibit A Milestones Taxpayer: Sage Goddess, Inc. 2018 Tax Year (Base) 2019 Tax Year 2020 Tax Year 2021 Tax Year 2022 Tax Year 2023 Tax Year Total Total California Full-Time Employees1 62 67 72 77 82 87 Net Increase of Full-Time Employees Compared to the Base Year 0 8 5 10 15 20 25 45 59 Minimum Annual Wage of California Full- Full-Time Employees Hired $45,000 31,500 $45,000 31,500 $45,000 32,000 $45,000 32,000 $45,000 32,000 Cumulative Average Annual Wage of California Full- Full-Time Employees Hired $37,500 $37,500 $37,500 $37,500 $37,500 Investments $150,000 $600,000 $600,000 $600,000 $0 $1,950,000 Tax Credit Allocation $60,000 $60,000 $60,000 $60,000 $60,000 Investments $50,000 $100,000 $100,000 $100,000 $100,000 $450,000 Tax Credit Allocation $0 $40,000 $100,000 $160,000 $100,000 $400,000 300,000 1 Determined on an annual full-time equivalent basis STATE OF CALIFORNIA OFFICE OF GOVERNOR XXXXXX X. XXXXX XX. GOVERNOR’S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT STATE OF CALIFORNIA OFFICE OF GOVERNOR XXXXX XXXXXX EXHIBIT B FIRST AMENDMENT TO AGREEMENT
Appears in 1 contract
Samples: California Competes Tax Credit Allocation Agreement
Governing Law and Consent to Jurisdiction. This Agreement will be governed, construed, and enforced according to the laws of the State of California without regard to its conflict of laws rules. Each party hereby irrevocably consents to the exclusive jurisdiction and venue of any state court located within Sacramento County, State of California in connection with any matter arising out of this Agreement or the transactions contemplated under this Agreement. Remainder of the page is intentionally left blank. Signature page immediately follows. Governor’s Office of Business and Economic Development By: Name: Xxxxxxx Xxxxxx Xxxx Title: Chief Deputy Director Date: October 31March 26, 2017 2018 | 14:15 14:47 PDT TAXPAYER Telogiks LP Entekra, Inc. By: Name: Xxxxxxx Xxxxxxx Title: Date: xxxxxxx xxxxxxx CFO October 21March 15, 2017 2018 | 13:27 04:17 PDT Exhibit A Milestones Taxpayer: Entekra, Inc. 2017 Tax Year (Base) 2018 Tax Year 2019 Tax Year 2020 Tax Year 2021 Tax Year 2022 Tax Year Total Total California Full-Time Employees1 for this Agreement 0 32 107 214 262 265 Total California Full-Time Employees1 from Prior CCTC Agreement 32 55 71 84 84 Net Increase of Full-Time Employees Compared to the Base Year for this agreement 0 8 25 45 59 52 143 178 181 Minimum Annual Wage of California Full- Time Employees Hired $45,000 30,000 $45,000 30,000 $45,000 30,000 $45,000 30,000 $45,000 31,200 Cumulative Average Annual Wage of California Full- Time Employees Hired $60,000 36,000 $60,000 36,000 $60,000 36,000 $60,000 36,000 $60,000 36,000 Investments from Prior CCTC Agreement $50,000 4,537,000 $100,000 2,282,000 $100,000 1,292,000 $100,000 512,000 $100,000 0 Additional Investments for this Agreement $450,000 0 $12,650,000 $7,900,000 $0 $0 $20,550,000 Tax Credit Allocation from Prior CCTC Agreement $150,000 $150,000 $150,000 $150,000 $0 Tax Credit Allocation for this Agreement $0 $40,000 1,100,000 $100,000 1,750,000 $160,000 $100,000 750,000 $400,000 $4,000,000 1 Determined on an annual full-time equivalent basis STATE OF CALIFORNIA DocuSign Envelope ID: X00X0X0X-0000-0X0X-0000-0XX000X00X0X XXXXX XX XXXXXXXXXX 🞟 OFFICE OF GOVERNOR XXXXXX X. XXXXX XX. GOVERNOR’S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT EXHIBIT Exhibit B FIRST AMENDMENT TO AGREEMENTFirst Amendment to Agreement
Appears in 1 contract
Samples: California Competes Tax Credit Allocation Agreement
Governing Law and Consent to Jurisdiction. This Agreement will be governed, construed, and enforced according to the laws of the State of California without regard to its conflict of laws rules. Each party hereby irrevocably consents to the exclusive jurisdiction and venue of any state court located within Sacramento County, State of California in connection with any matter arising out of this Agreement or the transactions contemplated under this Agreement. Remainder of the page is intentionally left blank. Signature page immediately follows. Governor’s Office of Business and Economic Development By: Name: Xxxxxxx Xxxx Title: Chief Deputy Director Date: October 31May 26, 2017 | 14:15 09:30 PDT TAXPAYER Telogiks LP Boehringer Ingelheim Fremont, Inc. By: Name: Xxxxx Xxx Title: Date: xxxxxxx xxxxxxx CFO October 21Director, Finance May 26, 2017 | 13:27 09:01 PDT Exhibit A Milestones Taxpayer: Boehringer Ingelheim Fremont, Inc. 2016 Tax Year (Base) 2017 Tax Year 2018 Tax Year 2019 Tax Year 2020 Tax Year 2021 Tax Year Total Total California Full-Time Employees1 367 439 514 577 611 625 Net Increase of Full-Time Employees Compared to the Base Year 0 8 25 45 59 72 147 210 244 258 Minimum Annual Wage Salary of California Full- Full-Time Employees Hired $45,000 40,000 $45,000 40,000 $45,000 40,000 $45,000 40,000 $45,000 40,000 Cumulative Average Annual Wage Salary of California Full- Full-Time Employees Hired $60,000 70,000 $60,000 70,000 $60,000 70,000 $60,000 70,000 $60,000 70,000 Investments $50,000 34,000,000 $100,000 30,000,000 $100,000 20,000,000 $100,000 19,000,000 $100,000 19,000,000 $450,000 122,000,000 Tax Credit Allocation $0 1,500,000 $40,000 1,500,000 $100,000 1,500,000 $160,000 1,500,000 $100,000 1,500,000 $400,000 7,500,000 1 Determined on an annual full-time equivalent basis STATE OF CALIFORNIA OFFICE OF GOVERNOR XXXXXX X. XXXXX XX. DocuSign Envelope ID: 18DC2C78-82CD-4D13-BA34-CCACA66FFD57 GOVERNOR’S ’ S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT STATE OF CALIFORNIA 🞟 OFFICE OF GOVERNOR XXXXX XXXXXX EXHIBIT B FIRST AMENDMENT TO AGREEMENT
Appears in 1 contract
Samples: California Competes Tax Credit Allocation Agreement
Governing Law and Consent to Jurisdiction. This Agreement will be governed, construed, and enforced according to the laws of the State of California without regard to its conflict of laws rules. Each party hereby irrevocably consents to the exclusive jurisdiction and venue of any state court located within Sacramento County, State of California in connection with any matter arising out of this Agreement or the transactions contemplated under this Agreement. Remainder of the page is intentionally left blank. Signature page immediately follows. Governor’s Office of Business and Economic Development By: Name: Xxxxxxx Xxxx Title: Chief Deputy Director Date: October 31May 25, 2017 | 14:15 10:40 PDT TAXPAYER Telogiks LP Entekra, Inc. By: Name: Xxxxxxx Xxxxxxx Title: Chief Financial Officer Date: xxxxxxx xxxxxxx CFO October May 21, 2017 | 13:27 19:41 PDT Exhibit A Milestones Taxpayer: Entekra, Inc. 2016 Tax Year (Base) 2017 Tax Year 2018 Tax Year 2019 Tax Year 2020 Tax Year 2021 Tax Year Total Total California Full-Time Employees1 0 4 32 55 71 84 Net Increase of Full-Time Employees Compared to the Base Year 0 8 25 45 59 4 32 55 71 84 Minimum Annual Wage Salary of California Full-Time Employees Hired $30,000 $30,000 $30,000 $30,000 $30,000 Cumulative Average Annual Salary of California Full- Time Employees Hired $45,000 35,489 $45,000 36,719 $45,000 36,451 $45,000 36,575 $45,000 Cumulative Average Annual Wage of California Full- Time Employees Hired $60,000 $60,000 $60,000 $60,000 $60,000 36,706 Investments $50,000 1,750,000 $100,000 4,537,000 $100,000 2,282,000 $100,000 1,292,000 $100,000 512,000 $450,000 10,373,000 Tax Credit Allocation $0 150,000 $40,000 150,000 $100,000 150,000 $160,000 150,000 $100,000 150,000 $400,000 750,000 1 Determined on an annual full-time equivalent basis STATE OF CALIFORNIA DocuSign Envelope ID: X00X0X0X-0000-0X0X-0000-0XX000X00X0X XXXXX XX XXXXXXXXXX OFFICE OF GOVERNOR XXXXXX X. XXXXX XX. GOVERNOR’S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT EXHIBIT Exhibit B FIRST AMENDMENT TO AGREEMENTFirst Amendment to Agreement
Appears in 1 contract
Samples: California Competes Tax Credit Allocation Agreement
Governing Law and Consent to Jurisdiction. This Agreement will be governed, construed, and enforced according to the laws of the State of California without regard to its conflict of laws rules. Each party hereby irrevocably consents to the exclusive jurisdiction and venue of any state court located within Sacramento County, State of California in connection with any matter arising out of this Agreement or the transactions contemplated under this Agreement. Remainder of the page is intentionally left blank. Signature page immediately follows. Governor’s Office of Business and Economic Development By: Name: Xxxxxxx Xxxxxx Xxxx Title: Chief Deputy Director Date: October 31March 26, 2017 2018 | 14:15 14:34 PDT TAXPAYER Telogiks LP West Coast Steel & Processing LLC By: Name: Xxxxx X. Xxx Title: Date: xxxxxxx xxxxxxx CFO October 21Chief Operating Officer March 16, 2017 2018 | 13:27 16:12 PDT Exhibit A Milestones Taxpayer: West Coast Steel & Processing LLC 2017 Tax Year (Base) 2018 Tax Year 2019 Tax Year 2020 Tax Year 2021 Tax Year 2022 Tax Year Total Total California Full-Time Employees1 220 251 262 274 283 288 Net Increase of Full-Time Employees Compared to the Base Year 0 8 25 45 59 31 42 54 63 68 Minimum Annual Wage of California Full- Full-Time Employees Hired $45,000 31,200 $45,000 31,200 $45,000 31,200 $45,000 31,200 $45,000 31,200 Cumulative Average Annual Wage of California Full- Full-Time Employees Hired $60,000 36,000 $60,000 36,000 $60,000 36,000 $60,000 36,000 $60,000 36,000 Investments $50,000 19,930,000 $100,000 1,055,500 $100,000 1,058,800 $100,000 587,500 $100,000 17,806,000 $450,000 40,437,800 Tax Credit Allocation $0 600,000 $40,000 250,000 $100,000 350,000 $225,000 $160,000 $100,000 $400,000 1,585,000 1 Determined on an annual full-time equivalent basis STATE OF CALIFORNIA ⬧ OFFICE OF GOVERNOR XXXXX XXXXXX X. XXXXX XX. GOVERNOR’S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT EXHIBIT Exhibit B FIRST AMENDMENT TO AGREEMENTFirst Amendment to Agreement
Appears in 1 contract
Samples: California Competes Tax Credit Allocation Agreement
Governing Law and Consent to Jurisdiction. This Agreement will be governed, construed, and enforced according to the laws of the State of California without regard to its conflict of laws rules. Each party hereby irrevocably consents to the exclusive jurisdiction and venue of any state court located within Sacramento County, State of California in connection with any matter arising out of this Agreement or the transactions contemplated under this Agreement. Remainder of the page is intentionally left blank. Signature page immediately follows. Governor’s Office of Business and Economic Development By: Name: Xxxxxxx Xxxxxx Xxxx Title: Chief Deputy Director Date: October 31March 26, 2017 2018 | 14:15 14:23 PDT TAXPAYER Telogiks LP Diamond Mattress Company, Inc. By: Name: Xxxxx Xxxxxxxxxx Title: Date: xxxxxxx xxxxxxx CFO October 21President March 20, 2017 2018 | 13:27 14:20 PDT Exhibit A Milestones Taxpayer: Diamond Mattress Company, Inc. 2017 Tax Year (Base) 2018 Tax Year 2019 Tax Year 2020 Tax Year 2021 Tax Year 2022 Tax Year Total Total California Full-Time Employees1 229 249 256 287 317 350 Net Increase of Full-Time Employees Compared to the Base Year 0 8 25 45 59 20 27 58 88 121 Minimum Annual Wage of California Full- Time Employees Hired $45,000 35,000 $45,000 36,000 $45,000 38,000 $45,000 40,000 $45,000 42,000 Cumulative Average Annual Wage of California Full- Time Employees Hired $60,000 40,000 $60,000 42,674 $60,000 43,928 $60,000 45,680 $60,000 47,453 Investments $50,000 902,500 $100,000 $100,000 1,550,000 $100,000 1,540,000 $100,000 0 $450,000 4,092,500 Tax Credit Allocation $0 276,691 $40,000 96,842 $100,000 428,871 $160,000 415,035 $100,000 456,540 $400,000 1 Determined on an annual full1,673,979 DocuSign Envelope ID: 3B17A811-time equivalent basis STATE OF CALIFORNIA OFFICE OF GOVERNOR XXXXXX X. XXXXX XX. 5906-4591-AD98-FB7863B2ECA1 GOVERNOR’S ’ S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT STATE OF CALIFORNIA ⬧ OFFGICrEteOaF GOVERNOR XXXXX XXXXXX EXHIBIT B FIRST AMENDMENT TO AGREEMENT
Appears in 1 contract
Samples: California Competes Tax Credit Allocation Agreement
Governing Law and Consent to Jurisdiction. This Agreement will be governed, construed, and enforced according to the laws of the State of California without regard to its conflict of laws rules. Each party hereby irrevocably consents to the exclusive jurisdiction and venue of any state court located within Sacramento County, State of California in connection with any matter arising out of this Agreement or the transactions contemplated under this Agreement. Remainder of the page is intentionally left blank. Signature page immediately follows. Governor’s Office of Business and Economic Development By: Name: Xxxxxxx Xxxx Xxxxx Xxxxxx Title: Chief Deputy Director Date: October 3115, 2017 2021 | 14:15 13:59 PDT TAXPAYER Telogiks LP VinFast Dealer San Francisco #1 LLC By: Name: Xxx Xxx Xxxxxx Title: Date: xxxxxxx xxxxxxx CFO Chief Executive Officer October 217, 2017 2021 | 13:27 08:54 PDT Exhibit A Milestones Taxpayer: VinFast Dealer San Francisco #1 LLC 2020 Tax Year (Base) 2021 Tax Year 2022 Tax Year 2023 Tax Year 2024 Tax Year 2025 Tax Year Total Total California Full-Time Employees1 1 45 449 810 948 1,066 Net Increase of Full-Time Employees Compared to the Base Year 0 8 25 45 59 44 448 809 947 1065 Minimum Annual Wage of California Full- Full-Time Employees Hired $45,000 35,000 $45,000 35,000 $45,000 35,000 $45,000 35,000 $45,000 35,000 Cumulative Average Annual Wage of California Full- Full-Time Employees Hired $60,000 77,000 $60,000 77,000 $60,000 77,000 $60,000 77,000 $60,000 77,000 Investments $50,000 11,850,000 $100,000 107,550,000 $100,000 30,900,000 $100,000 24,600,000 $100,000 25,450,000 $450,000 200,350,000 Tax Credit Allocation $0 $40,000 0 $100,000 5,000,000 $160,000 5,500,000 $100,000 10,000,000 $400,000 1 Determined on an annual full-time equivalent basis STATE OF CALIFORNIA OFFICE OF GOVERNOR XXXXXX X. XXXXX XX. GOVERNOR’S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT EXHIBIT B FIRST AMENDMENT TO AGREEMENT20,500,000
Appears in 1 contract
Samples: California Competes Tax Credit Allocation Agreement
Governing Law and Consent to Jurisdiction. This Agreement will be governed, construed, and enforced according to the laws of the State of California without regard to its conflict of laws rules. Each party hereby irrevocably consents to the exclusive jurisdiction and venue of any state court located within Sacramento County, State of California in connection with any matter arising out of this Agreement or the transactions contemplated under this Agreement. Remainder of the page is intentionally left blank. Signature page immediately follows. Governor’s Office of Business and Economic Development By: Name: Xxxxxxx Xxxxxx Xxxx Title: Chief Deputy Director Date: October 31March 26, 2017 2018 | 14:15 14:05 PDT TAXPAYER Telogiks LP California Custom Fruits & Flavors, Inc. By: Name: Xxxxx Xxxxxxxx Title: Date: xxxxxxx xxxxxxx CFO October 21Chief Financial Officer March 23, 2017 2018 | 13:27 08:29 PDT Exhibit A Milestones Net Increase of Taxpayer: California Custom Fruits & Flavors, Inc. 2017 Tax Year (Base) 2018 Tax Year 2019 Tax Year 2020 Tax Year 2021 Tax Year 2022 Tax Year Total Total California Full-Time Employees Compared to the Base Year 0 8 25 45 59 Employees1 107 109 113 115 117 119 Minimum Annual Wage of California Full- Time Employees Hired $45,000 31,200 $45,000 31,200 $45,000 31,200 $45,000 31,200 $45,000 31,200 Cumulative Average Annual Wage of California Full- Time Employees Hired $60,000 34,000 $60,000 34,000 $60,000 34,000 $60,000 34,000 $60,000 34,000 Investments $50,000 500,000 $100,000 500,000 $100,000 0 $100,000 0 $100,000 0 $450,000 1,000,000 Tax Credit Allocation $0 65,000 $40,000 120,000 $100,000 55,000 $160,000 55,000 $100,000 55,000 $400,000 350,000 1 Determined on an annual full-time equivalent basis STATE OF CALIFORNIA OFFICE OF GOVERNOR XXXXXX X. XXXXX XX. DocuSign Envelope ID: 4B301D62-30C6-4F59-B193-6765BC850AC4 GOVERNOR’S ’ S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT STATE OF CALIFORNIA 🞟 OFFICE OF GOVERNOR XXXXX XXXXXX EXHIBIT B FIRST AMENDMENT TO AGREEMENTAGREEMENT 1. The Governor’s Office of Business and Economic Development and California Custom Fruits & Flavors, Inc. (collectively referred to as Parties) are parties to an agreement that became effective on April 12, 2018 (Agreement). After executing the Agreement, California Custom Fruits & Flavors, Inc. realized that it had inadvertently miscalculated the number of full-time employees employed during its base year.
Appears in 1 contract
Samples: California Competes Tax Credit Allocation Agreement
Governing Law and Consent to Jurisdiction. This Agreement will be governed, construed, and enforced according to the laws of the State of California without regard to its conflict of laws rules. Each party hereby irrevocably consents to the exclusive jurisdiction and venue of any state court located within Sacramento County, State of California in connection with any matter arising out of this Agreement or the transactions contemplated under this Agreement. Remainder of the page is intentionally left blank. Signature page immediately follows. Governor’s Office of Business and Economic Development By: Name: Xxxxxxx Xxxx Title: Chief Deputy Director Date: October 31May 25, 2017 | 14:15 15:27 PDT TAXPAYER Telogiks LP Mainstream Tours, Inc. By: Name: Xxxxxxxx Von Deauxplette Title: Chief Executive Officer Date: xxxxxxx xxxxxxx CFO October 21May 18, 2017 | 13:27 13:32 PDT Exhibit A Milestones Taxpayer: Mainstream Tours, Inc. 2016 Tax Year (Base) 2017 Tax Year 2018 Tax Year 2019 Tax Year 2020 Tax Year 2021 Tax Year Total Total California Full-Time Employees1 20 30 36 41 46 50 Net Increase of Full-Time Employees Compared to the Base Year 0 8 25 45 59 10 16 21 26 30 Minimum Annual Wage Salary of California Full- Time Employees Hired $45,000 30,000 $45,000 30,000 $45,000 30,000 $45,000 30,000 $45,000 30,000 Cumulative Average Annual Wage Salary of California Full- Time Employees Hired $60,000 30,000 $60,000 30,000 $60,000 30,000 $60,000 30,000 $60,000 30,000 Investments $50,000 712,000 $120,000 $120,000 $1,319,000 $160,000 $2,431,000 Tax Credit Allocation $100,000 $100,000 $100,000 $100,000 $450,000 Tax Credit Allocation $0 $40,000 $100,000 $160,000 $100,000 $400,000 1 Determined on an annual full-time equivalent basis STATE OF CALIFORNIA OFFICE OF GOVERNOR XXXXXX X. XXXXX XX. GOVERNOR’S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT EXHIBIT B FIRST AMENDMENT TO AGREEMENT500,000
Appears in 1 contract
Samples: California Competes Tax Credit Allocation Agreement
Governing Law and Consent to Jurisdiction. This Agreement will be governed, construed, and enforced according to the laws of the State of California without regard to its conflict of laws rules. Each party hereby irrevocably consents to the exclusive jurisdiction and venue of any state court located within Sacramento County, State of California in connection with any matter arising out of this Agreement or the transactions contemplated under this Agreement. Remainder of the page is intentionally left blank. Signature page immediately follows. Governor’s Office of Business and Economic Development By: Name: Xxxxxxx Xxxx Title: Chief Deputy Director Date: October 31, 2017 | 14:15 13:40 PDT TAXPAYER Telogiks LP Califia Farms LLC By: Name: Title: Date: xxxxxxx xxxxxxx Xxxxx Xxxxxxxx CFO October 2126, 2017 | 13:27 PDT 00:03 CST Exhibit A Milestones Taxpayer: Califia Farms LLC 2016 Tax Year (Base) 2017 Tax Year 2018 Tax Year 2019 Tax Year 2020 Tax Year 2021 Tax Year Total Total California Full-Time Employees1 168 206 266 334 405 468 Net Increase of Full-Time Employees Compared to the Base Year 0 8 25 45 59 38 98 166 237 300 Minimum Annual Wage of California Full- Full-Time Employees Hired $45,000 30,000 $45,000 30,000 $45,000 30,000 $45,000 30,000 $45,000 31,200 Cumulative Average Annual Wage of California Full- Full-Time Employees Hired $60,000 46,000 $60,000 46,000 $60,000 46,000 $60,000 46,000 $60,000 46,000 Investments $50,000 450,000 $100,000 9,860,000 $100,000 15,500,000 $100,000 8,850,000 $100,000 8,450,000 $450,000 43,110,000 Tax Credit Allocation $0 450,000 $40,000 500,000 $100,000 500,000 $160,000 500,000 $100,000 500,000 $400,000 2,450,000 1 Determined on an annual full-time equivalent basis STATE OF CALIFORNIA OFFICE OF GOVERNOR XXXXXX X. XXXXX XX. DocuSign Envelope ID: 840B609A-5606-4AA1-85A3-E0DB845AA7AE GOVERNOR’S ’ S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT STATE OF CALIFORNIA ⬧ OFFICE OF GOVERNOR XXXXX XXXXXX EXHIBIT B FIRST AMENDMENT TO AGREEMENTAGREEMENT 1. The Governor’s Office of Business and Economic Development and Califia Farms LLC (collectively referred to as Parties) are parties to an agreement that became effective on November 16, 2017 (Agreement). After executing the Agreement, Califia Farms LLC realized that it had inadvertently miscalculated the number of full-time employees employed during its base year.
Appears in 1 contract
Samples: California Competes Tax Credit Allocation Agreement
Governing Law and Consent to Jurisdiction. This Agreement will be governed, construed, and enforced according to the laws of the State of California without regard to its conflict of laws rules. Each party hereby irrevocably consents to the exclusive jurisdiction and venue of any state court located within Sacramento County, State of California in connection with any matter arising out of this Agreement or the transactions contemplated under this Agreement. Remainder of the page is intentionally left blank. Signature page immediately follows. Governor’s Office of Business and Economic Development By: Name: Xxxxxxx Xxxxxx Xxxx Title: Chief Deputy Director Date: October 31March 24, 2017 2019 | 14:15 13:46 PDT TAXPAYER Telogiks LP Kingspan Insulated Panels, Inc. By: Name: Xxxxx Xxxxx Title: Date: xxxxxxx xxxxxxx CFO October March 21, 2017 2019 | 13:27 06:22 PDT Exhibit A Milestones Taxpayer: Kingspan Insulated Panels, Inc. 2018 Tax Year (Base) 2019 Tax Year 2020 Tax Year 2021 Tax Year 2022 Tax Year 2023 Tax Year Total Total California Full-Time Employees1 73 77 93 108 108 108 Net Increase of Full-Time Employees Compared to the Base Year 0 8 25 45 59 4 20 35 35 35 Minimum Annual Wage of California Full- Full-Time Employees Hired $45,000 40,000 $45,000 40,000 $45,000 40,000 $45,000 40,000 $45,000 40,000 Cumulative Average Annual Wage of California Full- Full-Time Employees Hired $60,000 48,625 $60,000 48,625 $60,000 48,625 $60,000 48,625 $60,000 48,625 Investments $50,000 3,420,000 $100,000 3,420,000 $100,000 3,420,000 $100,000 3,420,000 $100,000 3,420,000 $450,000 17,100,000 Tax Credit Allocation $0 50,000 $40,000 168,750 $100,000 168,750 $160,000 168,750 $100,000 168,750 $400,000 725,000 1 Determined on an annual full-time equivalent basis STATE OF CALIFORNIA OFFICE OF GOVERNOR XXXXXX X. XXXXX XX. DocuSign Envelope ID: 9A5E9A49-7217-49D6-9C9C-52DA370BF962 GOVERNOR’S ’ S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT STATE OF CALIFORNIA 🞟 OFFICE OF GOVERNOR XXXXX XXXXXX EXHIBIT B FIRST AMENDMENT TO AGREEMENT
Appears in 1 contract
Samples: California Competes Tax Credit Allocation Agreement
Governing Law and Consent to Jurisdiction. This Agreement will be governed, construed, and enforced according to the laws of the State of California without regard to its conflict of laws rules. Each party hereby irrevocably consents to the exclusive jurisdiction and venue of any state court located within Sacramento County, State of California in connection with any matter arising out of this Agreement or the transactions contemplated under this Agreement. Remainder of the page is intentionally left blank. Signature page immediately follows. Governor’s Office of Business and Economic Development By: Name: Xxxxxxx Xxxx Title: Chief Deputy Director Date: October 31May 25, 2017 | 14:15 10:45 PDT TAXPAYER Telogiks LP Scenario Xxxxxxx USA, Inc. By: Name: Xxxx Xxxxxx Title: Director Date: xxxxxxx xxxxxxx CFO October 21May 19, 2017 | 13:27 19:06 PDT Exhibit A Milestones Taxpayer: Scenario Xxxxxxx USA, Inc. 2015 Tax Year (Base) 2016 Tax Year 2017 Tax Year 2018 Tax Year 2019 Tax Year 2020 Tax Year Total Total California Full-Time Employees1 19 105 151 158 162 165 Net Increase of Full-Time Employees Compared to the Base Year 0 8 25 45 59 86 132 139 143 146 Minimum Annual Wage Salary of California Full- Time Employees Hired $45,000 31,000 $45,000 31,000 $45,000 31,000 $45,000 31,000 $45,000 31,000 Cumulative Average Annual Wage Salary of California Full- Time Employees Hired $60,000 40,000 $60,000 40,000 $60,000 40,000 $60,000 40,000 $60,000 40,000 Investments $50,000 $100,000 $100,000 300,000 $100,000 75,000 $100,000 0 $450,000 525,000 Tax Credit Allocation $0 250,000 $40,000 250,000 $100,000 250,000 $160,000 250,000 $100,000 250,000 $400,000 1,250,000 1 Determined on an annual full-time equivalent basis STATE OF CALIFORNIA OFFICE OF GOVERNOR XXXXXX X. XXXXX XX. DocuSign Envelope ID: CEDE0175-BE59-46DF-951B-14AFEEFAFCC3 GOVERNOR’S ’ S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT STATE OF CALIFORNIA ⬧ OFFICE OF GOVERNOR XXXXX XXXXXX EXHIBIT B FIRST AMENDMENT TO AGREEMENT
Appears in 1 contract
Samples: California Competes Tax Credit Allocation Agreement
Governing Law and Consent to Jurisdiction. This Agreement will be governed, construed, and enforced according to the laws of the State of California without regard to its conflict of laws rules. Each party hereby irrevocably consents to the exclusive jurisdiction and venue of any state court located within Sacramento County, State of California in connection with any matter arising out of this Agreement or the transactions contemplated under this Agreement. Remainder of the page is intentionally left blank. Signature page immediately follows. Governor’s Office of Business and Economic Development By: Name: Xxxxxxx Xxxx Xxxxx Xxxxxx Title: Chief Deputy Director Date: October 31April 5, 2017 2021 | 14:15 07:50 PDT TAXPAYER Telogiks LP Xxxxx Xxxx, Inc. By: Name: Title: Date: xxxxxxx xxxxxxx CFO October 21XXXXX XXXX CEO March 25, 2017 2021 | 13:27 16:24 PDT Exhibit A Milestones Taxpayer: Xxxxx Xxxx, Inc. 2020 Tax Year (Base) 2021 Tax Year 2022 Tax Year 2023 Tax Year 2024 Tax Year 2025 Tax Year Total Total California Full-Time Employees1 258 265 274 283 296 309 Net Increase of Full-Time Employees Compared to the Base Year 0 8 7 16 25 45 59 38 51 Minimum Annual Wage of California Full- Full-Time Employees Hired $45,000 31,200 $45,000 31,200 $45,000 31,200 $45,000 31,200 $45,000 31,200 Cumulative Average Annual Wage of California Full- Full-Time Employees Hired $60,000 34,000 $60,000 42,000 $60,000 42,000 $60,000 42,000 $60,000 42,000 Investments $50,000 561,000 $100,000 1,600,000 $100,000 1,726,000 $100,000 1,069,000 $100,000 864,000 $450,000 5,820,000 Tax Credit Allocation $0 280,000 $40,000 350,000 $100,000 350,000 $160,000 $100,000 500,000 $400,000 $2,000,000 1 Determined on an annual full-time equivalent basis STATE OF CALIFORNIA OFFICE OF GOVERNOR XXXXXX X. XXXXX XX. DocuSign Envelope ID: 34A38022-A92F-46A0-9220-7B2E5E6A305A GOVERNOR’S ’ S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT STATE OF CALIFORNIA 🞟 OFFICE OF GOVERNOR XXXXX XXXXXX EXHIBIT B FIRST AMENDMENT TO AGREEMENT
Appears in 1 contract
Samples: California Competes Tax Credit Allocation Agreement
Governing Law and Consent to Jurisdiction. This Agreement will be governed, construed, and enforced according to the laws of the State of California without regard to its conflict of laws rules. Each party hereby irrevocably consents to the exclusive jurisdiction and venue of any state court located within Sacramento County, State of California in connection with any matter arising out of this Agreement or the transactions contemplated under this Agreement. Remainder of the page is intentionally left blank. Signature page immediately follows. Governor’s Office of Business and Economic Development By: Name: Xxxxxxx Xxxx Xxxxx Xxxxxxxxxx Title: Chief Deputy Director Date: October 3118, 2017 2019 | 14:15 15:56 PDT TAXPAYER Telogiks LP Way To Be Designs LLC By: Name: Xxxxx Xxxxxxx Title: Date: xxxxxxx xxxxxxx CFO Co-Founder October 2118, 2017 2019 | 13:27 14:42 PDT Exhibit A Milestones Taxpayer: Way To Be Designs LLC 2018 Tax Year (Base) 2019 Tax Year 2020 Tax Year 2021 Tax Year 2022 Tax Year 2023 Tax Year Total Total California Full-Time Employees1 26 26 28 30 32 36 Net Increase of Full-Time Employees Compared to the Base Year 0 8 25 45 59 2 4 6 10 Minimum Annual Wage of California Full- Full-Time Employees Hired $45,000 31,200 $45,000 31,200 $45,000 31,200 $45,000 31,200 $45,000 31,200 Cumulative Average Annual Wage of California Full- Full-Time Employees Hired $60,000 31,200 $60,000 31,200 $60,000 31,200 $60,000 31,200 $60,000 31,200 Investments $50,000 0 $100,000 750,000 $100,000 750,000 $100,000 750,000 $100,000 750,000 $450,000 3,000,000 Tax Credit Allocation $0 $40,000 50,000 $50,000 $50,000 $100,000 $160,000 $100,000 $400,000 1 Determined on an annual full-time equivalent basis STATE OF CALIFORNIA OFFICE OF GOVERNOR XXXXXX X. XXXXX XX. GOVERNOR’S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT EXHIBIT B FIRST AMENDMENT TO AGREEMENT250,000
Appears in 1 contract
Samples: California Competes Tax Credit Allocation Agreement
Governing Law and Consent to Jurisdiction. This Agreement will be governed, construed, and enforced according to the laws of the State of California without regard to its conflict of laws rules. Each party hereby irrevocably consents to the exclusive jurisdiction and venue of any state court located within Sacramento County, State of California in connection with any matter arising out of this Agreement or the transactions contemplated under this Agreement. Remainder of the page is intentionally left blank. Signature page immediately follows. Governor’s Office of Business and Economic Development By: Name: Xxxxxxx Xxxx Title: Chief Deputy Director Date: October 31May 25, 2017 | 14:15 10:07 PDT TAXPAYER Telogiks LP Pharmavite LLC By: Name: Xxxxx Xxxxxx Title: Vice President of Operations Date: xxxxxxx xxxxxxx CFO October 21May 24, 2017 | 13:27 14:36 PDT Exhibit A Milestones Taxpayer: Pharmavite LLC 2016 Tax Year (Base) 2017 Tax Year 2018 Tax Year 2019 Tax Year 2020 Tax Year 2021 Tax Year Total Total California Full-Time Employees1 1,017 1,053 1,069 1,079 1,088 1,097 Net Increase of Full-Time Employees Compared to the Base Year 0 8 25 45 59 36 52 62 71 80 Minimum Annual Wage Salary of California Full- Full-Time Employees Hired $45,000 43,000 $45,000 43,000 $45,000 43,000 $45,000 43,000 $45,000 43,000 Cumulative Average Annual Wage Salary of California Full- Full-Time Employees Hired $60,000 70,000 $60,000 70,000 $60,000 70,000 $60,000 70,000 $60,000 70,000 Investments $50,000 0 $100,000 13,000,000 $100,000 7,000,000 $100,000 0 $100,000 0 $450,000 20,000,000 Tax Credit Allocation $0 $40,000 $100,000 $160,000 $100,000 400,000 $400,000 1 Determined on an annual full-time equivalent basis STATE OF CALIFORNIA OFFICE OF GOVERNOR XXXXXX X. XXXXX XX. GOVERNOR’S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT EXHIBIT B FIRST AMENDMENT TO AGREEMENT$400,000 $400,000 $400,000 $2,000,000
Appears in 1 contract
Samples: California Competes Tax Credit Allocation Agreement
Governing Law and Consent to Jurisdiction. This Agreement will be governed, construed, and enforced according to the laws of the State of California without regard to its conflict of laws rules. Each party hereby irrevocably consents to the exclusive jurisdiction and venue of any state court located within Sacramento County, State of California in connection with any matter arising out of this Agreement or the transactions contemplated under this Agreement. Remainder of the page is intentionally left blank. Signature page immediately follows. Governor’s Office of Business and Economic Development By: Name: Xxxxxxx Xxxx Xxxxx Xxxxxxxxxx Title: Chief Deputy Director Date: October 3121, 2017 2019 | 14:15 10:33 PDT TAXPAYER Telogiks LP Kokatat, Inc. By: Name: Xxx Xxxx Title: Date: xxxxxxx xxxxxxx CFO Vice President October 2119, 2017 2019 | 13:27 10:08 PDT Exhibit A Milestones Taxpayer: Kokatat, Inc. 2018 Tax Year (Base) 2019 Tax Year 2020 Tax Year 2021 Tax Year 2022 Tax Year 2023 Tax Year Total Total California Full-Time Employees1 138 140 144 148 158 168 Net Increase of Full-Time Employees Compared to the Base Year 0 8 25 45 59 2 6 10 20 30 Minimum Annual Wage of California Full- Full-Time Employees Hired $45,000 31,200 $45,000 31,200 $45,000 31,200 $45,000 31,200 $45,000 31,200 Cumulative Average Annual Wage of California Full- Full-Time Employees Hired $60,000 31,200 $60,000 31,200 $60,000 31,200 $60,000 31,200 $60,000 31,200 Investments $50,000 $500,000 $500,000 $500,000 $500,000 $2,050,000 Tax Credit Allocation $50,000 $100,000 $100,000 $100,000 250,000 $100,000 250,000 $450,000 Tax Credit Allocation $0 $40,000 $100,000 $160,000 $100,000 $400,000 750,000 1 Determined on an annual full-time equivalent basis STATE OF CALIFORNIA OFFICE OF GOVERNOR XXXXXX X. XXXXX XX. DocuSign Envelope ID: 0B47521C-B53C-48B4-8720-8C77EA1936C7 GOVERNOR’S ’ S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT STATE OF CALIFORNIA 🞟 OFFICE OF GOVERNOR XXXXX XXXXXX EXHIBIT B FIRST AMENDMENT TO AGREEMENT
Appears in 1 contract
Samples: California Competes Tax Credit Allocation Agreement
Governing Law and Consent to Jurisdiction. This Agreement will be governed, construed, and enforced according to the laws of the State of California without regard to its conflict of laws rules. Each party hereby irrevocably consents to the exclusive jurisdiction and venue of any state court located within Sacramento County, State of California in connection with any matter arising out of this Agreement or the transactions contemplated under this Agreement. Remainder of the page is intentionally left blank. Signature page immediately follows. Governor’s Office of Business and Economic Development By: Name: Xxxxxxx Xxxx Title: Chief Deputy Director Date: October 31, 2017 | 14:15 13:27 PDT TAXPAYER Telogiks LP L3 Technologies, Inc. By: Name: Title: Date: xxxxxxx xxxxxxx CFO Xxxxxxxx X. Xxx Xxxxxxx VP October 2127, 2017 | 13:27 12:07 PDT Power Paragon, Inc. By: Name: Title: Date: Xxx Xxxxxxxx Director, Contracts October 27, 2017 | 12:02 PDT Exhibit A Milestones Taxpayer: L3 Technologies, Inc. (Credit Recipient) and Power Paragon, Inc. 2016 Tax Year (Base) 2017 Tax Year 2018 Tax Year 2019 Tax Year 2020 Tax Year 2021 Tax Year Total Total California Full-Time Employees1 424 452 473 505 538 574 Net Increase of Full-Time Employees Compared to the Base Year 0 8 25 45 59 28 49 81 114 150 Minimum Annual Wage of California Full- Full-Time Employees Hired $45,000 30,000 $45,000 30,000 $45,000 30,000 $45,000 30,000 $45,000 30,000 Cumulative Average Annual Wage of California Full- Time Employees Hired $60,000 75,000 $60,000 75,000 $60,000 75,000 $60,000 75,000 $60,000 75,000 Investments $50,000 500,000 $100,000 1,750,000 $100,000 1,750,000 $100,000 1,750,000 $100,000 1,750,000 $450,000 7,500,000 Tax Credit Allocation $0 380,000 $40,000 380,000 $100,000 380,000 $160,000 380,000 $100,000 380,000 $400,000 1,900,000 1 Determined on an annual full-time equivalent basis STATE OF CALIFORNIA ⬧ OFFICE OF GOVERNOR XXXXX XXXXXX X. XXXXX XX. GOVERNOR’S ’ S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT EXHIBIT Exhibit B FIRST AMENDMENT TO AGREEMENTFirst Amendment to Agreement
Appears in 1 contract
Samples: California Competes Tax Credit Allocation Agreement
Governing Law and Consent to Jurisdiction. This Agreement will be governed, construed, and enforced according to the laws of the State of California without regard to its conflict of laws rules. Each party hereby irrevocably consents to the exclusive jurisdiction and venue of any state court located within Sacramento County, State of California in connection with any matter arising out of this Agreement or the transactions contemplated under this Agreement. Remainder of the page is intentionally left blank. Signature page immediately follows. Governor’s Office of Business and Economic Development By: Name: Xxxxxxx Xxxxxx Xxxx Title: Chief Deputy Director Date: October 31May 28, 2017 2019 | 14:15 08:55 PDT TAXPAYER Telogiks LP Xxxxxx Xxxxxxx Corporation By: Name: Xxxxxxxxx Xxxxxx Title: Date: xxxxxxx xxxxxxx CFO October 21May 22, 2017 2019 | 13:27 09:41 PDT Exhibit A Milestones Net Increase of Taxpayer: Xxxxxx Xxxxxxx Corporation 2016 Tax Year (Base) 2019 Tax Year 2020 Tax Year 2021 Tax Year 2022 Tax Year 2023 Tax Year Total Total California Full-Time Employees Compared to the Base Year 0 8 25 45 59 Employees1 246 276 285 294 303 311 Minimum Annual Wage of California Full- Full-Time Employees Hired $45,000 30,000 $45,000 35,000 $45,000 35,000 $45,000 35,000 $45,000 35,000 Cumulative Average Annual Wage of California Full- Full-Time Employees Hired $60,000 65,000 $60,000 65,000 $60,000 65,000 $60,000 65,000 $60,000 65,000 Additional Investments for this Agreement $50,000 0 $4,000,000 $4,000,000 $4,000,000 $3,000,000 $15,000,000 Tax Credit Allocation from Prior CCTC Agreement $100,000 $100,000 $100,000 $100,000 0 $450,000 0 $300,000 Tax Credit Allocation $0 $40,000 20,000 $100,000 $20,000 $200,000 $160,000 $100,000 $400,000 500,000 1 Determined on an annual full-time equivalent basis STATE OF CALIFORNIA OFFICE OF GOVERNOR XXXXXX X. XXXXX XX. GOVERNOR’S ’ S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT STATE OF CALIFORNIA 🞟 OFFICE OF GOVERNOR XXXXX XXXXXX EXHIBIT B FIRST AMENDMENT TO AGREEMENT
Appears in 1 contract
Samples: California Competes Tax Credit Allocation Agreement
Governing Law and Consent to Jurisdiction. This Agreement will be governed, construed, and enforced according to the laws of the State of California without regard to its conflict of laws rules. Each party hereby irrevocably consents to the exclusive jurisdiction and venue of any state court located within Sacramento County, State of California in connection with any matter arising out of this Agreement or the transactions contemplated under this Agreement. Remainder of the page is intentionally left blank. Signature page immediately follows. Governor’s Office of Business and Economic Development By: Name: Xxxxxxx Xxxx Title: Chief Deputy Director Date: October 31May 30, 2017 | 14:15 09:27 PDT TAXPAYER Telogiks LP Calamco NH3 LLC By: Name: Xxxxxxx Xxx Title: Manager Date: xxxxxxx xxxxxxx CFO October 21May 26, 2017 | 13:27 15:48 PDT Calamco NH3 LLC Exhibit A Milestones 2016 Tax Year (Base) 2017 Tax Year 2018 Tax Year 2019 Tax Year 2020 Tax Year 2021 Tax Year Total Net Increase of Full-Time Employees Compared to the Base Year 0 8 25 45 59 0 24 24 24 Minimum Annual Wage Salary of California Full- Full-Time Employees Hired $45,000 38,000 $45,000 38,000 $45,000 38,000 $45,000 38,000 $45,000 38,000 Cumulative Average Annual Wage Salary of California Full- Full-Time Employees Hired $60,000 49,000 $60,000 49,000 $60,000 49,000 $60,000 49,000 $60,000 49,000 Investments $50,000 39,480,261 $100,000 74,710,523 $100,000 0 $100,000 0 $100,000 0 $450,000 114,190,784 Tax Credit Allocation $0 $40,000 162,500 $100,000 162,500 $160,000 162,500 $100,000 162,500 $400,000 650,000 1 Determined on an annual full-time equivalent basis STATE OF CALIFORNIA DocuSign Envelope ID: X0XXXX00-X0X0-0000-0000-0X00000X0000 XXXXX XX XXXXXXXXXX OFFICE OF GOVERNOR XXXXXX X. XXXXX XX. GOVERNOR’S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT EXHIBIT Exhibit B FIRST AMENDMENT TO AGREEMENTFirst Amendment to Agreement
Appears in 1 contract
Samples: California Competes Tax Credit Allocation Agreement
Governing Law and Consent to Jurisdiction. This Agreement will be governed, construed, and enforced according to the laws of the State of California without regard to its conflict of laws rules. Each party hereby irrevocably consents to the exclusive jurisdiction and venue of any state court located within Sacramento County, State of California in connection with any matter arising out of this Agreement or the transactions contemplated under this Agreement. Remainder of the page is intentionally left blank. Signature page immediately follows. Governor’s Office of Business and Economic Development By: Name: Xxxxxxx Xxxx Title: Chief Deputy Director Date: October 31May 25, 2017 | 14:15 10:10 PDT TAXPAYER Telogiks LP Golden State Lumber, Inc. By: Name: Xxxxxxxxx Xxxx Title: Chief Financial Officer Date: xxxxxxx xxxxxxx CFO October 21May 23, 2017 | 13:27 13:28 PDT Exhibit A Milestones Taxpayer: Golden State Lumber, Inc. 2016 Tax Year (Base) 2017 Tax Year 2018 Tax Year 2019 Tax Year 2020 Tax Year 2021 Tax Year Total Total California Full-Time Employees1 425 456 476 480 481 481 Net Increase of Full-Time Employees Compared to the Base Year 0 8 25 45 59 31 51 55 56 56 Minimum Annual Wage Salary of California Full- Full-Time Employees Hired $45,000 40,000 $45,000 40,000 $45,000 40,000 $45,000 40,000 $45,000 40,000 Cumulative Average Annual Wage Salary of California Full- Full-Time Employees Hired $60,000 47,000 $60,000 47,000 $60,000 47,000 $60,000 47,000 $60,000 47,000 Investments $50,000 3,942,464 $1,099,144 $1,622,992 $1,622,992 $1,562,166 $9,849,758 Tax Credit Allocation $100,000 $100,000 $100,000 $100,000 $450,000 Tax Credit Allocation $0 $40,000 $100,000 $160,000 $100,000 $400,000 500,000 1 Determined on an annual full-time equivalent basis STATE OF CALIFORNIA OFFICE OF GOVERNOR XXXXXX X. XXXXX XX. DocuSign Envelope ID: 1CD43FA8-13B5-42C3-AF02-8AB96375C9C0 GOVERNOR’S ’ S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT STATE OF CALIFORNIA ⬧ OFFICE OF GOVERNOR XXXXX XXXXXX EXHIBIT B FIRST AMENDMENT TO AGREEMENT
Appears in 1 contract
Samples: California Competes Tax Credit Allocation Agreement
Governing Law and Consent to Jurisdiction. This Agreement will be governed, construed, and enforced according to the laws of the State of California without regard to its conflict of laws rules. Each party hereby irrevocably consents to the exclusive jurisdiction and venue of any state court located within Sacramento County, State of California in connection with any matter arising out of this Agreement or the transactions contemplated under this Agreement. Remainder of the page is intentionally left blank. Signature page immediately follows. Governor’s Office of Business and Economic Development By: Name: Xxxxxxx Xxxx Title: Chief Deputy Director Date: October 31, 2017 | 14:15 13:27 PDT TAXPAYER Telogiks LP CU Direct Corporation By: Name: Title: Date: xxxxxxx xxxxxxx CFO Xxxxxx Xxxxx Chief Operating Officer October 2127, 2017 | 13:27 14:56 PDT Exhibit A Milestones Taxpayer: CU Direct Corporation 2016 Tax Year (Base) 2017 Tax Year 2018 Tax Year 2019 Tax Year 2020 Tax Year 2021 Tax Year Total Total California Full-Time Employees1 243 253 278 318 378 444 Net Increase of Full-Time Employees Compared to the Base Year 0 8 25 45 59 10 35 75 135 201 Minimum Annual Wage of California Full- Full-Time Employees Hired $45,000 35,000 $45,000 35,000 $45,000 35,000 $45,000 35,000 $45,000 35,000 Cumulative Average Annual Wage of California Full- Full-Time Employees Hired $60,000 91,000 $60,000 91,000 $60,000 91,000 $60,000 91,000 $60,000 91,000 Investments $50,000 510,000 $100,000 8,310,000 $100,000 34,135,000 $100,000 10,000 $100,000 10,000 $450,000 42,975,000 Tax Credit Allocation $0 350,000 $40,000 900,000 $100,000 1,500,000 $160,000 250,000 $100,000 150,000 $400,000 3,150,000 1 Determined on an annual full-time equivalent basis STATE OF CALIFORNIA OFFICE OF GOVERNOR XXXXXX X. XXXXX XX. DocuSign Envelope ID: EE6CAA05-61EB-4950-AF66-2068F301EAAC GOVERNOR’S ’ S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT STATE OF CALIFORNIA 🞟 OFFICE OF GOVERNOR XXXXX XXXXXX EXHIBIT B FIRST AMENDMENT TO AGREEMENT
Appears in 1 contract
Samples: California Competes Tax Credit Allocation Agreement
Governing Law and Consent to Jurisdiction. This Agreement will be governed, construed, and enforced according to the laws of the State of California without regard to its conflict of laws rules. Each party hereby irrevocably consents to the exclusive jurisdiction and venue of any state court located within Sacramento County, State of California in connection with any matter arising out of this Agreement or the transactions contemplated under this Agreement. Remainder of the page is intentionally left blank. Signature page immediately follows. Governor’s Office of Business and Economic Development By: Name: Xxxxxxx Xxxx Xxxxx Xxxxxx Title: Chief Deputy Director Date: October 3113, 2017 2020 | 14:15 14:50 PDT TAXPAYER Telogiks LP Cepheid By: Name: Xxxxxxx Xxxxxx Title: Chief Financial Officer Date: xxxxxxx xxxxxxx CFO October 2113, 2017 2020 | 13:27 11:06 PDT Exhibit A Milestones Taxpayer: Cepheid 2019 Tax Year (Base) 2020 Tax Year 2021 Tax Year 2022 Tax Year 2023 Tax Year 2024 Tax Year Total Total California Full-Time Employees1 1,446 1,662 2,560 3,513 3,920 3,956 Net Increase of Full-Time Employees Compared to the Base Year 0 8 25 45 59 216 1,114 2,067 2,474 2,510 Minimum Annual Wage of California Full- Full-Time Employees Hired $45,000 33,280 $45,000 33,280 $45,000 33,280 $45,000 33,280 $45,000 33,280 Cumulative Average Annual Wage of California Full- Full-Time Employees Hired $60,000 65,000 $60,000 65,000 $60,000 65,000 $60,000 65,000 $60,000 65,000 Investments $50,000 0 $100,000 177,335,000 $100,000 36,332,000 $100,000 36,333,000 $100,000 0 $450,000 250,000,000 Tax Credit Allocation $0 1,500,000 $40,000 7,500,000 $100,000 7,500,000 $160,000 3,200,000 $100,000 300,000 $400,000 20,000,000 1 Determined on an annual full-time equivalent basis STATE OF CALIFORNIA OFFICE OF GOVERNOR XXXXXX X. XXXXX XX. DocuSign Envelope ID: 168FDE10-655C-4C6A-9689-C02E4B754F50 GOVERNOR’S ’ S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT STATE OF CALIFORNIA 🞟 OFFICE OF GOVERNOR XXXXX XXXXXX EXHIBIT B FIRST AMENDMENT TO AGREEMENT
Appears in 1 contract
Samples: California Competes Tax Credit Allocation Agreement
Governing Law and Consent to Jurisdiction. This Agreement will be governed, construed, and enforced according to the laws of the State of California without regard to its conflict of laws rules. Each party hereby irrevocably consents to the exclusive jurisdiction and venue of any state court located within Sacramento County, State of California in connection with any matter arising out of this Agreement or the transactions contemplated under this Agreement. Remainder of the page is intentionally left blank. Signature page immediately follows. Governor’s Office of Business and Economic Development By: Name: Xxxxxxx Xxxx Title: Chief Deputy Director Date: October 31May 25, 2017 | 14:15 10:28 PDT TAXPAYER Telogiks LP All-Weather Architectural Aluminum, Inc. By: Name: Xxxx XxXxxxx Title: President Date: xxxxxxx xxxxxxx CFO October 21May 23, 2017 | 13:27 15:09 PDT Exhibit A Milestones Taxpayer: All-Weather Architectural Aluminum, Inc. 2016 Tax Year (Base) 2017 Tax Year 2018 Tax Year 2019 Tax Year 2020 Tax Year 2021 Tax Year Total Total California Full-Time Employees1 109 110 116 135 144 154 Net Increase of Full-Time Employees Compared to the Base Year 0 8 25 1 7 26 35 45 59 Minimum Annual Wage Salary of California Full- Time Employees Hired $45,000 30,000 $45,000 30,000 $45,000 30,000 $45,000 30,000 $45,000 30,000 Cumulative Average Annual Wage Salary of California Full- Time Employees Hired $60,000 34,000 $60,000 34,000 $60,000 34,000 $60,000 34,000 $60,000 34,000 Investments $50,000 1,135,000 $100,000 325,000 $100,000 420,000 $100,000 2,610,000 $100,000 260,000 $450,000 4,750,000 Tax Credit Allocation $0 45,000 $40,000 57,500 $100,000 57,500 $160,000 57,500 $100,000 57,500 $400,000 275,000 1 Determined on an annual full-time equivalent basis STATE OF CALIFORNIA OFFICE OF GOVERNOR XXXXXX X. XXXXX XX. DocuSign Envelope ID: F6ABEC88-6DF7-4472-AE5A-588830C0651D GOVERNOR’S ’ S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT STATE OF CALIFORNIA ⬧ OFFICE OF GOVERNOR XXXXX XXXXXX EXHIBIT B FIRST AMENDMENT TO AGREEMENT
Appears in 1 contract
Samples: California Competes Tax Credit Allocation Agreement
Governing Law and Consent to Jurisdiction. This Agreement will be governed, construed, and enforced according to the laws of the State of California without regard to its conflict of laws rules. Each party hereby irrevocably consents to the exclusive jurisdiction and venue of any state court located within Sacramento County, State of California in connection with any matter arising out of this Agreement or the transactions contemplated under this Agreement. Remainder of the page is intentionally left blank. Signature page immediately follows. Governor’s Office of Business and Economic Development By: Name: Xxxxxxx Xxxx Xxxxx Xxxxxxxxxx Title: Chief Deputy Acting Director Date: October 31June 1, 2017 2020 | 14:15 09:07 PDT TAXPAYER Telogiks LP NBCUniversal LLC By: Name: XXXXX X'XXXXX Title: Date: xxxxxxx xxxxxxx CFO October 21SVP, 2017 NBCU Tax May 29, 2020 | 13:27 16:12 PDT Peacock TV LLC By: Name: XXXXX X'XXXXX Title: Date: SVP, NBCU Tax May 29, 2020 | 16:12 PDT Universal Studios LLC By: Name: XXXXX X'XXXXX Title: Date: SVP, NBCU Tax May 29, 2020 | 16:12 PDT Exhibit A Milestones Taxpayer: NBCUniversal LLC (credit recipient), et al. 2019 Tax Year (Base) 2020 Tax Year 2021 Tax Year 2022 Tax Year 2023 Tax Year 2024 Tax Year Total Total California Full-Time Employees1 0 31 55 68 433 800 Net Increase of Full-Time Employees Compared to the Base Year 0 8 25 45 59 31 55 68 433 800 Minimum Annual Wage of California Full- Full-Time Employees Hired $45,000 50,000 $45,000 50,000 $45,000 50,000 $45,000 50,000 $45,000 50,000 Cumulative Average Annual Wage of California Full- Full-Time Employees Hired $60,000 70,000 $60,000 70,000 $60,000 70,000 $60,000 70,000 $60,000 70,000 Investments $50,000 0 $100,000 0 $100,000 36,000,000 $100,000 96,000,000 $100,000 0 $450,000 132,000,000 Tax Credit Allocation $0 775,000 $40,000 600,000 $100,000 325,000 $160,000 9,125,000 $100,000 9,175,000 $400,000 20,000,000 1 Determined on an annual full-time equivalent basis STATE OF CALIFORNIA 🞟 OFFICE OF GOVERNOR XXXXX XXXXXX X. XXXXX XX. GOVERNOR’S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT EXHIBIT Exhibit B FIRST AMENDMENT TO AGREEMENTFirst Amendment to Agreement
Appears in 1 contract
Samples: California Competes Tax Credit Allocation Agreement
Governing Law and Consent to Jurisdiction. This Agreement will be governed, construed, and enforced according to the laws of the State of California without regard to its conflict of laws rules. Each party hereby irrevocably consents to the exclusive jurisdiction and venue of any state court located within Sacramento County, State of California in connection with any matter arising out of this Agreement or the transactions contemplated under this Agreement. Remainder of the page is intentionally left blank. Signature page immediately follows. Governor’s Office of Business and Economic Development By: Name: Xxxxxxx Xxxx Xxxxx Xxxxxxxxxx Title: Chief Deputy Director Date: October 3118, 2017 2019 | 14:15 10:39 PDT TAXPAYER Telogiks LP Lockheed Xxxxxx Corporation By: Name: Xxxxxx X. Xxxxxxxxx Title: Vice President, Finance & Program Management, LM Aeronautics Date: xxxxxxx xxxxxxx CFO October 2117, 2017 2019 | 13:27 12:57 PDT Deposition Sciences, Inc. By: Name: Xxxxxx X. Xxxxxxxxx Title: Vice President, Finance & Program Management, LM Aeronautics Date: October 17, 2019 | 12:57 PDT Exhibit A Milestones Taxpayer: Lockheed Xxxxxx Corporation (Credit Recipient) and Deposition Sciences, Inc. 2017 Tax Year (Base) 2019 Tax Year 2020 Tax Year 2021 Tax Year 2022 Tax Year 2023 Tax Year Total Total California Full-Time Employees1 2,429 2,804 2,996 3,148 3,299 3,379 Total California Full-Time Employees1 from Prior CCTC Agreement 2,679 2,746 2,813 2,879 2,879 Net Increase of Full-Time Employees Compared to the Base Year 0 8 25 45 59 for this Agreement 125 250 335 420 500 Minimum Annual Wage of California Full- Full-Time Employees Hired $45,000 32,000 $45,000 32,000 $45,000 32,000 $45,000 32,000 $45,000 32,000 Cumulative Average Annual Wage of California Full- Full-Time Employees Hired $60,000 85,000 $60,000 85,000 $60,000 85,000 $60,000 85,000 $60,000 85,000 Investments from Prior CCTC Agreement $50,000 3,500,000 $100,000 28,547,000 $100,000 26,351,500 $100,000 26,351,500 $100,000 0 Additional Investments for this Agreement $450,000 10,000,000 $10,000,000 $40,000,000 $45,000,000 $45,000,000 $150,000,000 Tax Credit Allocation from Prior CCTC Agreement $11,000,000 $5,833,334 $5,833,333 $5,833,333 $0 Tax Credit Allocation for this Agreement $40,000 9,800,000 $100,000 9,800,000 $160,000 6,700,000 $100,000 6,600,000 $400,000 6,600,000 $39,500,000 1 Determined on an annual full-time equivalent basis STATE OF CALIFORNIA OFFICE OF GOVERNOR XXXXXX X. XXXXX XXbasis. The base year and net increase include only full-time employees at and investment made by: 1) Deposition Sciences, Inc. and 2) Lockheed Xxxxxx Corporation’s Aeronautics Business Area located at Xxxxx Air Force Base, Xxxxxxxxxx Air Force Base and the cities of Palmdale, Buellton, Helendale, Santa Xxxx, and Xxxxxxxx, California as provided in Section 3. GOVERNOR’S ’ S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT STATE OF CALIFORNIA 🞟 OFFICE OF GOVERNOR XXXXX XXXXXX EXHIBIT B FIRST AMENDMENT TO AGREEMENT
Appears in 1 contract
Samples: California Competes Tax Credit Allocation Agreement
Governing Law and Consent to Jurisdiction. This Agreement will be governed, construed, and enforced according to the laws of the State of California without regard to its conflict of laws rules. Each party hereby irrevocably consents to the exclusive jurisdiction and venue of any state court located within Sacramento County, State of California in connection with any matter arising out of this Agreement or the transactions contemplated under this Agreement. Remainder of the page is intentionally left blank. Signature page immediately follows. Governor’s Office of Business and Economic Development By: Name: Xxxxxxx Xxxxxx Xxxx Title: Chief Deputy Director Date: October 31June 4, 2017 2018 | 14:15 10:49 PDT TAXPAYER Telogiks LP California Natural Products By: Name: Xxx Xxxxxxxxxx Title: Date: xxxxxxx xxxxxxx CFO October 21May 23, 2017 2018 | 13:27 13:23 PDT Exhibit A Milestones Taxpayer: California Natural Products 2016 Tax Year (Base) 2017 Tax Year 2018 Tax Year 2019 Tax Year 2020 Tax Year 2021 Tax Year Total Total California Full-Time Employees1 252 284 348 393 409 409 Net Increase of Full-Time Employees Compared to the Base Year 0 8 25 45 59 32 96 141 157 157 Minimum Annual Wage of California Full- Full-Time Employees Hired $33,000 $33,000 $33,000 $33,000 $33,000 Cumulative Average Annual Wage of California Full-Time Employees Hired $45,000 $45,000 $45,000 $45,000 $45,000 Cumulative Average Annual Wage of California Full- Time Employees Hired $60,000 $60,000 $60,000 $60,000 $60,000 Investments $50,000 0 $100,000 6,927,500 $100,000 6,000,000 $100,000 9,100,000 $100,000 0 $450,000 22,027,500 Tax Credit Allocation $0 350,000 $40,000 800,000 $100,000 575,000 $160,000 125,000 $100,000 125,000 $400,000 1,975,000 1 Determined on an annual full-time equivalent basis STATE OF CALIFORNIA OFFICE OF GOVERNOR XXXXXX X. XXXXX XX. DocuSign Envelope ID: 4708DAA4-6E4E-4697-A4CC-0235F206627F GOVERNOR’S ’ S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT STATE OF CALIFORNIA 🞟 OFFICE OF GOVERNOR XXXXX XXXXXX EXHIBIT B FIRST AMENDMENT TO AGREEMENTAGREEMENT 1. The Governor’s Office of Business and Economic Development and California Natural Products (collectively referred to as Parties) are parties to an agreement that became effective on June 18, 2018 (Agreement). After executing the Agreement, California Natural Products realized that it had inadvertently miscalculated the number of full-time employees employed during its base year.
Appears in 1 contract
Samples: California Competes Tax Credit Allocation Agreement
Governing Law and Consent to Jurisdiction. This Agreement will be governed, construed, and enforced according to the laws of the State of California without regard to its conflict of laws rules. Each party hereby irrevocably consents to the exclusive jurisdiction and venue of any state court located within Sacramento County, State of California in connection with any matter arising out of this Agreement or the transactions contemplated under this Agreement. Remainder of the page is intentionally left blank. Signature page immediately follows. Governor’s Office of Business and Economic Development By: Name: Xxxxxxx Xxxx Title: Chief Deputy Director Date: October 31, 2017 | 14:15 14:36 PDT TAXPAYER Telogiks LP Applied Statistics & Management, Inc. By: Name: Title: Date: xxxxxxx xxxxxxx CFO Xxxxx Xxxx President October 2118, 2017 | 13:27 18:24 PDT Exhibit A Milestones Net Increase of Taxpayer: Applied Statistics & Management, Inc. 2016 Tax Year (Base) 2017 Tax Year 2018 Tax Year 2019 Tax Year 2020 Tax Year 2021 Tax Year Total Total California Full-Time Employees Compared to the Base Year 0 8 25 Employees1 36 38 43 45 59 46 47 Minimum Annual Wage of California Full- Time Employees Hired $45,000 40,000 $45,000 40,000 $45,000 40,000 $45,000 40,000 $45,000 40,000 Cumulative Average Annual Wage of California Full- Time Employees Hired $60,000 53,000 $60,000 53,000 $60,000 53,000 $60,000 53,000 $60,000 53,000 Investments $50,000 $100,000 $100,000 250,000 $100,000 200,000 $100,000 350,000 $450,000 300,000 $1,200,000 Tax Credit Allocation $0 50,000 $40,000 50,000 $100,000 50,000 $160,000 50,000 $100,000 50,000 $400,000 250,000 1 Determined on an annual full-time equivalent basis DocuSign Envelope ID: 4D6D566B-E501-4470-B16F-A83330358BA9 GOVERNOR’ S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT STATE OF CALIFORNIA OFFICE OF GOVERNOR XXXXXX X. XXXXX XX. GOVERNOR’S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT EXHIBIT B FIRST AMENDMENT TO AGREEMENT
Appears in 1 contract
Samples: California Competes Tax Credit Allocation Agreement
Governing Law and Consent to Jurisdiction. This Agreement will be governed, construed, and enforced according to the laws of the State of California without regard to its conflict of laws rules. Each party hereby irrevocably consents to the exclusive jurisdiction and venue of any state court located within Sacramento County, State of California in connection with any matter arising out of this Agreement or the transactions contemplated under this Agreement. Remainder of the page is intentionally left blank. Signature page immediately follows. Governor’s Office of Business and Economic Development By: Name: Xxxxxxx Xxxx Xxxxx Xxxxxxxxxx Title: Chief Deputy Acting Director Date: October 31June 1, 2017 2020 | 14:15 09:06 PDT TAXPAYER Telogiks LP BFTV LLC By: Name: Xxxxx Xxxxxxxxxxxxxxx Title: Date: xxxxxxx xxxxxxx CFO October 21May 28, 2017 2020 | 13:27 17:01 PDT Exhibit A Milestones Taxpayer: BFTV LLC 2019 Tax Year (Base) 2020 Tax Year 2021 Tax Year 2022 Tax Year 2023 Tax Year 2024 Tax Year Total Total California Full-Time Employees1 124 157 167 174 185 200 Net Increase of Full-Time Employees Compared to the Base Year 0 8 25 45 59 33 43 50 61 76 Minimum Annual Wage of California Full- Full-Time Employees Hired $45,000 31,200 $45,000 31,200 $45,000 31,200 $45,000 31,200 $45,000 31,200 Cumulative Average Annual Wage of California Full- Full-Time Employees Hired $60,000 80,000 $60,000 80,000 $60,000 80,000 $60,000 80,000 $60,000 80,000 Investments $50,000 0 $100,000 30,000 $100,000 149,500 $100,000 178,000 $100,000 255,000 $450,000 612,500 Tax Credit Allocation $0 500,000 $40,000 500,000 $100,000 250,000 $160,000 $100,000 350,000 $400,000 $2,000,000 1 Determined on an annual full-time equivalent basis STATE OF CALIFORNIA OFFICE OF GOVERNOR XXXXXX X. XXXXX XX. DocuSign Envelope ID: 38BB8891-CFFA-440D-A1AF-4DA0C535F418 GOVERNOR’S ’ S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT STATE OF CALIFORNIA 🞟 OFFICE OF GOVERNOR XXXXX XXXXXX EXHIBIT B FIRST AMENDMENT TO AGREEMENT
Appears in 1 contract
Samples: California Competes Tax Credit Allocation Agreement
Governing Law and Consent to Jurisdiction. This Agreement will be governed, construed, and enforced according to the laws of the State of California without regard to its conflict of laws rules. Each party hereby irrevocably consents to the exclusive jurisdiction and venue of any state court located within Sacramento County, State of California in connection with any matter arising out of this Agreement or the transactions contemplated under this Agreement. Remainder of the page is intentionally left blank. Signature page immediately follows. Governor’s Office of Business and Economic Development By: Name: Xxxxxxx Xxxx Title: Chief Deputy Director Date: October 31May 26, 2017 | 14:15 14:04 PDT TAXPAYER Telogiks IDEO LP By: Name: Xxxx Xxxxxx Title: Director of Finance Date: xxxxxxx xxxxxxx CFO October 21May 26, 2017 | 13:27 10:29 PDT Exhibit A Milestones Taxpayer: IDEO LP 2016 Tax Year (Base) 2017 Tax Year 2018 Tax Year 2019 Tax Year 2020 Tax Year 2021 Tax Year Total Total California Full-Time Employees1 355 372 386 400 414 428 Net Increase of Full-Time Employees Compared to the Base Year 0 8 25 17 31 45 59 73 Minimum Annual Wage Salary of California Full- Full-Time Employees Hired $45,000 75,000 $45,000 75,000 $45,000 75,000 $45,000 75,000 $45,000 75,000 Cumulative Average Annual Wage Salary of California Full- Full-Time Employees Hired $60,000 109,000 $60,000 109,000 $60,000 109,000 $60,000 109,000 $60,000 109,000 Investments $50,000 2,636,501 $100,000 1,911,500 $100,000 1,979,575 $100,000 2,051,053 $100,000 2,126,107 $450,000 10,704,736 Tax Credit Allocation $0 140,000 $40,000 140,000 $100,000 140,000 $160,000 140,000 $100,000 140,000 $400,000 700,000 1 Determined on an annual full-time equivalent basis STATE OF CALIFORNIA OFFICE OF GOVERNOR XXXXXX X. XXXXX XX. DocuSign Envelope ID: 31CE6188-35DF-4563-BCD8-97B7051B0B75 GOVERNOR’S ’ S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT STATE OF CALIFORNIA ⬧ OFFICE OF GOVERNOR XXXXX XXXXXX EXHIBIT B FIRST AMENDMENT TO AGREEMENT
Appears in 1 contract
Samples: California Competes Tax Credit Allocation Agreement
Governing Law and Consent to Jurisdiction. This Agreement will be governed, construed, and enforced according to the laws of the State of California without regard to its conflict of laws rules. Each party hereby irrevocably consents to the exclusive jurisdiction and venue of any state court located within Sacramento County, State of California in connection with any matter arising out of this Agreement or the transactions contemplated under this Agreement. Remainder of the page is intentionally left blank. Signature page immediately follows. Governor’s Office of Business and Economic Development By: Name: Xxxxxxx Xxxx Xxxxx Xxxxxxxxxx Title: Chief Deputy Acting Director Date: October 31June 1, 2017 2020 | 14:15 09:02 PDT TAXPAYER Telogiks LP BW Industries, Inc. By: Name: Xxxx Xxxxxxx Title: Date: CEO May 21, 2020 | 08:32 PDT 1701 Partners LLC By: Name: Xxxx Xxxxxxx Title: Date: CEO May 21, 2020 | 08:32 PDT Bitwise at State Center LLC By: Name: Xxxx Xxxxxxx Title: Date: CEO May 21, 2020 | 08:32 PDT BitwiseBKF LLC By: Name: Title: Date: xxxxxxx xxxxxxx CFO October Xxxx Xxxxxxx CEO May 21, 2017 2020 | 13:27 08:32 PDT Wishon Row LLC By: Name: Title: Date: Xxxx Xxxxxxx CEO May 21, 2020 | 08:32 PDT Exhibit A Milestones Taxpayer: BW Industries, Inc. (credit recipient), et al. 2019 Tax Year (Base) 2020 Tax Year 2021 Tax Year 2022 Tax Year 2023 Tax Year 2024 Tax Year Total Total California Full-Time Employees1 95 176 297 459 660 902 Net Increase of Full-Time Employees Compared to the Base Year 0 8 25 45 59 81 202 364 565 807 Minimum Annual Wage of California Full- Full-Time Employees Hired $45,000 41,600 $45,000 41,600 $45,000 41,600 $45,000 41,600 $45,000 41,600 Cumulative Average Annual Wage of California Full- Full-Time Employees Hired $60,000 64,000 $60,000 64,000 $60,000 64,000 $60,000 64,000 $60,000 64,000 Investments $50,000 4,000,000 $100,000 5,000,000 $100,000 5,000,000 $100,000 5,000,000 $100,000 5,000,000 $450,000 24,000,000 Tax Credit Allocation $0 250,000 $40,000 800,000 $100,000 1,100,000 $160,000 1,350,000 $100,000 1,500,000 $400,000 1 Determined on an annual full-time equivalent basis STATE OF CALIFORNIA OFFICE OF GOVERNOR XXXXXX X. XXXXX XX. GOVERNOR’S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT EXHIBIT B FIRST AMENDMENT TO AGREEMENT5,000,000
Appears in 1 contract
Samples: California Competes Tax Credit Allocation Agreement
Governing Law and Consent to Jurisdiction. This Agreement will be governed, construed, and enforced according to the laws of the State of California without regard to its conflict of laws rules. Each party hereby irrevocably consents to the exclusive jurisdiction and venue of any state court located within Sacramento County, State of California in connection with any matter arising out of this Agreement or the transactions contemplated under this Agreement. Remainder of the page is intentionally left blank. Signature page immediately follows. Governor’s Office of Business and Economic Development By: Name: Xxxxxxx Xxxx Title: Chief Deputy Director Date: October 31, 2017 | 14:15 14:10 PDT TAXPAYER Telogiks LP Chef Works, Inc. By: Name: Xxxxx Xxxxxxx Title: Date: xxxxxxx xxxxxxx CFO October 2124, 2017 | 13:27 10:13 PDT Exhibit A Milestones Taxpayer: Chef Works, Inc. 2016 Tax Year (Base) 2017 Tax Year 2018 Tax Year 2019 Tax Year 2020 Tax Year 2021 Tax Year Total Total California Full-Time Employees1 159 162 176 202 225 242 Net Increase of Full-Time Employees Compared to the Base Year 0 8 25 45 59 3 17 43 66 83 Minimum Annual Wage of California Full- Time Employees Hired $45,000 30,000 $45,000 30,000 $45,000 30,000 $45,000 30,000 $45,000 30,000 Cumulative Average Annual Wage of California Full- Time Employees Hired $60,000 52,000 $60,000 52,000 $60,000 52,000 $60,000 52,000 $60,000 52,000 Investments $50,000 295,000 $100,000 990,000 $100,000 1,055,000 $100,000 1,080,000 $100,000 1,940,000 $450,000 5,360,000 Tax Credit Allocation $0 66,000 $40,000 66,000 $100,000 66,000 $160,000 66,000 $100,000 66,000 $400,000 330,000 1 Determined on an annual full-time equivalent basis STATE OF CALIFORNIA OFFICE OF GOVERNOR XXXXXX X. XXXXX XX. DocuSign Envelope ID: 7B01521E-54A5-4E23-AABA-04DC16599158 GOVERNOR’S ’ S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT STATE OF CALIFORNIA 🞟 OFFICE OF GOVERNOR XXXXX XXXXXX EXHIBIT B FIRST AMENDMENT TO AGREEMENT
Appears in 1 contract
Samples: California Competes Tax Credit Allocation Agreement
Governing Law and Consent to Jurisdiction. This Agreement will be governed, construed, and enforced according to the laws of the State of California without regard to its conflict of laws rules. Each party hereby irrevocably consents to the exclusive jurisdiction and venue of any state court located within Sacramento County, State of California in connection with any matter arising out of this Agreement or the transactions contemplated under this Agreement. Remainder of the page is intentionally left blank. Signature page immediately follows. Governor’s Office of Business and Economic Development By: Name: Xxxxxxx Xxxx Xxxxx Xxxxxxxxxx Title: Chief Deputy Director Date: October 31June 1, 2017 2020 | 14:15 09:02 PDT TAXPAYER Telogiks LP The Xxxx Group, Inc. By: Name: Xxxxx Xxxxxxxxx Title: Vice President of Finance Date: May 21, 2020 | 07:57 PDT Xxxx Machinery, Inc. Xxxxx Xxxxxxxxx By: Name: Title: Vice President of Finance Date: xxxxxxx xxxxxxx CFO October May 21, 2017 2020 | 13:27 07:57 PDT Xxxx Material Handling, Inc. By: Name: Xxxxx Xxxxxxxxx Title: Vice President of Finance Date: May 21, 2020 | 07:57 PDT Xxxx X.X., Inc. By: Name: Xxxxx Xxxxxxxxx Title: Vice President of Finance Date: May 21, 2020 | 07:57 PDT Xxxx Trucks, Inc. By: Name: Xxxxx Xxxxxxxxx Title: Vice President of Finance Date: May 21, 2020 | 07:57 PDT Exhibit A Milestones Taxpayer: The Xxxx Group, Inc. 2019 Tax Year (Base) 2020 Tax Year 2021 Tax Year 2022 Tax Year 2023 Tax Year 2024 Tax Year Total Total California Full-Time Employees1 1,050 1,063 1,091 1,116 1,134 1,149 Net Increase of Full-Time Employees Compared to the Base Year 0 8 25 45 59 13 41 66 84 99 Minimum Annual Wage of California Full- Full-Time Employees Hired $45,000 37,500 $45,000 37,500 $45,000 37,500 $45,000 37,500 $45,000 37,500 Cumulative Average Annual Wage of California Full- Full-Time Employees Hired $60,000 $60,000 $60,000 $60,000 $60,000 Investments 50,000 $50,000 $100,000 50,000 $100,000 50,000 $100,000 50,000 Investments $100,000 4,000,000 $450,000 4,000,000 $4,000,000 $16,253,940 $16,253,940 $44,507,880 Tax Credit Allocation $0 135,000 $40,000 280,000 $100,000 320,000 $160,000 215,000 $100,000 150,000 $400,000 1 Determined on an annual full-time equivalent basis STATE OF CALIFORNIA OFFICE OF GOVERNOR XXXXXX X. XXXXX XX. GOVERNOR’S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT EXHIBIT B FIRST AMENDMENT TO AGREEMENT1,100,000
Appears in 1 contract
Samples: California Competes Tax Credit Allocation Agreement
Governing Law and Consent to Jurisdiction. This Agreement will be governed, construed, and enforced according to the laws of the State of California without regard to its conflict of laws rules. Each party hereby irrevocably consents to the exclusive jurisdiction and venue of any state court located within Sacramento County, State of California in connection with any matter arising out of this Agreement or the transactions contemplated under this Agreement. Remainder of the page is intentionally left blank. Signature page immediately follows. Governor’s Office of Business and Economic Development By: Name: Xxxxxxx Xxxxxx Xxxx Title: Chief Deputy Director Date: October 31March 24, 2017 2019 | 14:15 13:36 PDT TAXPAYER Telogiks LP AssetMark Financial, Inc. By: Name: Title: Date: xxxxxxx xxxxxxx CFO October 21Xxx Xxxxx EVP, 2017 General Counsel March 22, 2019 | 13:27 09:48 PDT Exhibit A Milestones Taxpayer: AssetMark Financial, Inc. 2018 Tax Year (Base) 2019 Tax Year 2020 Tax Year 2021 Tax Year 2022 Tax Year 2023 Tax Year Total Total California Full-Time Employees1 235 317 353 382 412 445 Net Increase of Full-Time Employees Compared to the Base Year 0 8 25 45 59 82 118 147 177 210 Minimum Annual Wage of California Full- Full-Time Employees Hired $45,000 55,000 $45,000 55,000 $45,000 55,000 $45,000 55,000 $45,000 55,000 Cumulative Average Annual Wage of California Full- Full-Time Employees Hired $60,000 94,000 $60,000 94,000 $60,000 94,000 $60,000 94,000 $60,000 94,000 Investments $50,000 2,128,000 $100,000 3,555,000 $100,000 3,632,000 $100,000 4,764,000 $100,000 5,000,000 $450,000 19,079,000 Tax Credit Allocation $0 550,000 $40,000 550,000 $100,000 550,000 $160,000 550,000 $100,000 550,000 $400,000 2,750,000 1 Determined on an annual full-time equivalent basis STATE OF CALIFORNIA OFFICE OF GOVERNOR XXXXXX X. XXXXX XX. DocuSign Envelope ID: EA395DB5-EF37-4252-96BC-2776ECEEC566 GOVERNOR’S ’ S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT STATE OF CALIFORNIA 🞟 OFFICE OF GOVERNOR XXXXX XXXXXX EXHIBIT B FIRST AMENDMENT TO AGREEMENT
Appears in 1 contract
Samples: California Competes Tax Credit Allocation Agreement
Governing Law and Consent to Jurisdiction. This Agreement will be governed, construed, and enforced according to the laws of the State of California without regard to its conflict of laws rules. Each party hereby irrevocably consents to the exclusive jurisdiction and venue of any state court located within Sacramento County, State of California in connection with any matter arising out of this Agreement or the transactions contemplated under this Agreement. Remainder of the page is intentionally left blank. Signature page immediately follows. Governor’s Office of Business and Economic Development By: Name: Xxxxxxx Xxxx Title: Chief Deputy Director Date: October 31, 2017 | 14:15 14:19 PDT TAXPAYER Telogiks LP Paragon Business Solutions LLC By: Name: Title: Date: xxxxxxx xxxxxxx CFO Xxxxxxxxx X. Xxxxxxx President October 2120, 2017 | 13:27 14:21 PDT Exhibit A Milestones Net Increase of Taxpayer: Paragon Business Solutions LLC 2016 Tax Year (Base) 2017 Tax Year 2018 Tax Year 2019 Tax Year 2020 Tax Year 2021 Tax Year Total Total California Full-Time Employees Compared to the Base Year 0 8 25 45 59 Employees1 2 2 3 6 9 14 Minimum Annual Wage of California Full- Time Employees Hired $45,000 35,000 $45,000 35,000 $45,000 35,000 $45,000 35,000 $45,000 35,000 Cumulative Average Annual Wage of California Full- Time Employees Hired $60,000 35,000 $60,000 35,000 $60,000 40,000 $60,000 40,000 $60,000 40,000 Investments $50,000 1,750 $100,000 5,000 $100,000 10,500 $100,000 1,500 $100,000 1,500 $450,000 20,250 Tax Credit Allocation $0 $40,000 12,500 $100,000 37,500 $160,000 37,500 $100,000 62,500 $400,000 150,000 1 Determined on an annual full-time equivalent basis DocuSign Envelope ID: D4B4873D-1869-440B-9265-C13455BD78BB STATE OF CALIFORNIA 🞟 OFFICE OF GOVERNOR XXXXXX X. XXXXX XX. GOVERNOR’S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT EXHIBIT B FIRST AMENDMENT TO AGREEMENT
Appears in 1 contract
Samples: California Competes Tax Credit Allocation Agreement
Governing Law and Consent to Jurisdiction. This Agreement will be governed, construed, and enforced according to the laws of the State of California without regard to its conflict of laws rules. Each party hereby irrevocably consents to the exclusive jurisdiction and venue of any state court located within Sacramento County, State of California in connection with any matter arising out of this Agreement or the transactions contemplated under this Agreement. Remainder of the page is intentionally left blank. Signature page immediately follows. Governor’s Office of Business and Economic Development By: Name: Xxxxxxx Xxxx Title: Chief Deputy Director Date: October 31May 25, 2017 | 14:15 10:54 PDT TAXPAYER Telogiks LP Xxxx General Engineering, Inc. By: Name: Xxxx Xxxx Title: President Date: xxxxxxx xxxxxxx CFO October 21May 19, 2017 | 13:27 13:58 PDT Exhibit A Milestones Net Increase of Taxpayer: Xxxx General Engineering, Inc. 2016 Tax Year (Base) 2017 Tax Year 2018 Tax Year 2019 Tax Year 2020 Tax Year 2021 Tax Year Total Total California Full-Time Employees Compared to the Base Year 0 8 25 45 59 Employees1 46 48 53 58 65 71 Minimum Annual Wage Salary of California Full- Time Employees Hired $45,000 48,000 $45,000 48,000 $45,000 48,000 $45,000 48,000 $45,000 48,000 Cumulative Average Annual Wage Salary of California Full- Time Employees Hired $60,000 57,000 $60,000 57,000 $60,000 57,000 $60,000 57,000 $60,000 57,000 Investments $50,000 150,000 $100,000 250,000 $100,000 280,000 $100,000 300,000 $100,000 325,000 $450,000 1,305,000 Tax Credit Allocation $0 10,000 $40,000 10,000 $100,000 10,000 $160,000 10,000 $100,000 10,000 $400,000 50,000 1 Determined on an annual full-time equivalent basis STATE OF CALIFORNIA OFFICE OF GOVERNOR XXXXXX X. XXXXX XX. DocuSign Envelope ID: 79F3C36C-E723-4DA2-BE1C-46AD422B3337 GOVERNOR’S ’ S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT STATE OF CALIFORNIA ⬧ OFFICE OF GOVERNOR XXXXX XXXXXX EXHIBIT B FIRST AMENDMENT TO AGREEMENT
Appears in 1 contract
Samples: California Competes Tax Credit Allocation Agreement
Governing Law and Consent to Jurisdiction. This Agreement will be governed, construed, and enforced according to the laws of the State of California without regard to its conflict of laws rules. Each party hereby irrevocably consents to the exclusive jurisdiction and venue of any state court located within Sacramento County, State of California in connection with any matter arising out of this Agreement or the transactions contemplated under this Agreement. Remainder of the page is intentionally left blank. Signature page immediately follows. Governor’s Office of Business and Economic Development By: Name: Xxxxxxx Xxxxxx Xxxx Title: Chief Deputy Director Date: October 31June 4, 2017 2018 | 14:15 10:50 PDT TAXPAYER Telogiks LP Integrity Bio, Inc. By: Name: Michae1 Rei11y Title: Date: xxxxxxx xxxxxxx CFO October 21Vice Presidenk May 22, 2017 2018 | 13:27 07:38 PDT Exhibit A Milestones Taxpayer: Integrity Bio, Inc. 2017 Tax Year (Base) 2018 Tax Year 2019 Tax Year 2020 Tax Year 2021 Tax Year 2022 Tax Year Total Total California Full-Time Employees1 56 75 84 92 97 101 Net Increase of Full-Time Employees Compared to the Base Year 0 8 25 19 28 36 41 45 59 Minimum Annual Wage of California Full- Full-Time Employees Hired $45,000 35,000 $45,000 35,000 $45,000 35,000 $45,000 35,000 $45,000 35,000 Cumulative Average Annual Wage of California Full- Full-Time Employees Hired $60,000 46,000 $60,000 46,000 $60,000 46,000 $60,000 46,000 $60,000 46,000 Investments $50,000 3,500,000 $100,000 $100,000 200,000 $100,000 200,000 $100,000 200,000 $450,000 4,200,000 Tax Credit Allocation $0 200,000 $40,000 120,000 $100,000 75,000 $160,000 55,000 $100,000 50,000 $400,000 500,000 1 Determined on an annual full-time equivalent basis STATE OF CALIFORNIA OFFICE OF GOVERNOR XXXXXX X. XXXXX XX. DocuSign Envelope ID: 1DE5B133-B1DF-4EEE-9F50-CADF2CCCA9AF GOVERNOR’S ’ S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT STATE OF CALIFORNIA ⬧ OFFICE OF GOVERNOR XXXXX XXXXXX EXHIBIT B FIRST AMENDMENT TO AGREEMENT
Appears in 1 contract
Samples: California Competes Tax Credit Allocation Agreement
Governing Law and Consent to Jurisdiction. This Agreement will be governed, construed, and enforced according to the laws of the State of California without regard to its conflict of laws rules. Each party hereby irrevocably consents to the exclusive jurisdiction and venue of any state court located within Sacramento County, State of California in connection with any matter arising out of this Agreement or the transactions contemplated under this Agreement. Remainder of the page is intentionally left blank. Signature page immediately follows. Governor’s Office of Business and Economic Development By: Name: Xxxxxxx Xxxx Xxxxx Xxxxxx Title: Chief Deputy Director Date: October 3115, 2017 2021 | 14:15 13:59 PDT TAXPAYER Telogiks LP VinFast Dealer San Francisco #1 LLC By: Name: Van Xxx Xxxxxx Title: Date: xxxxxxx xxxxxxx CFO Chief Executive Officer October 217, 2017 2021 | 13:27 08:54 PDT Exhibit A Milestones Taxpayer: VinFast Dealer San Francisco #1 LLC 2020 Tax Year (Base) 2021 Tax Year 2022 Tax Year 2023 Tax Year 2024 Tax Year 2025 Tax Year Total Total California Full-Time Employees1 1 45 449 810 948 1,066 Net Increase of Full-Time Employees Compared to the Base Year 0 8 25 45 59 44 448 809 947 1065 Minimum Annual Wage of California Full- Full-Time Employees Hired $45,000 35,000 $45,000 35,000 $45,000 35,000 $45,000 35,000 $45,000 35,000 Cumulative Average Annual Wage of California Full- Full-Time Employees Hired $60,000 77,000 $60,000 77,000 $60,000 77,000 $60,000 77,000 $60,000 77,000 Investments $50,000 11,850,000 $100,000 107,550,000 $100,000 30,900,000 $100,000 24,600,000 $100,000 25,450,000 $450,000 200,350,000 Tax Credit Allocation $0 $40,000 0 $100,000 5,000,000 $160,000 5,500,000 $100,000 10,000,000 $400,000 1 Determined on an annual full-time equivalent basis STATE OF CALIFORNIA OFFICE OF GOVERNOR XXXXXX X. XXXXX XX. GOVERNOR’S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT EXHIBIT B FIRST AMENDMENT TO AGREEMENT20,500,000
Appears in 1 contract
Samples: California Competes Tax Credit Allocation Agreement
Governing Law and Consent to Jurisdiction. This Agreement will be governed, construed, and enforced according to the laws of the State of California without regard to its conflict of laws rules. Each party hereby irrevocably consents to the exclusive jurisdiction and venue of any state court located within Sacramento County, State of California in connection with any matter arising out of this Agreement or the transactions contemplated under this Agreement. Remainder of the page is intentionally left blank. Signature page immediately follows. Governor’s Office of Business and Economic Development By: Name: Xxxxxxx Xxxx Title: Chief Deputy Director Date: October 31, 2017 | 14:15 14:21 PDT TAXPAYER Telogiks LP The Guru LLC By: Name: Xxxx Xxxxx Title: Date: xxxxxxx xxxxxxx CFO CEO October 2120, 2017 | 13:27 11:15 PDT Exhibit A Milestones Taxpayer: The Guru LLC 2016 Tax Year (Base) 2017 Tax Year 2018 Tax Year 2019 Tax Year 2020 Tax Year 2021 Tax Year Total Total California Full-Time Employees1 5 12 22 27 35 44 Net Increase of Full-Time Employees Compared to the Base Year 0 8 25 45 59 7 17 22 30 39 Minimum Annual Wage of California Full- Time Employees Hired $45,000 35,000 $45,000 35,000 $45,000 35,000 $45,000 35,000 $45,000 35,000 Cumulative Average Annual Wage of California Full- Time Employees Hired $72,000 $72,000 $72,000 $72,000 $72,000 Investments $100,000 $260,000 $150,000 $120,000 $120,000 $750,000 Tax Credit Allocation $60,000 $60,000 $60,000 $60,000 $60,000 Investments $50,000 $100,000 $100,000 $100,000 $100,000 $450,000 Tax Credit Allocation $0 $40,000 $100,000 $160,000 $100,000 $400,000 300,000 1 Determined on an annual full-time equivalent basis DocuSign Envelope ID: 73C22E01-6AE9-43D4-B40A-BD8BEA86187E STATE OF CALIFORNIA ⬧ OFFICE OF GOVERNOR XXXXX XXXXXX X. XXXXX XX. GOVERNOR’S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT EXHIBIT B FIRST AMENDMENT TO AGREEMENTDEVELOPMENT
Appears in 1 contract
Samples: California Competes Tax Credit Allocation Agreement
Governing Law and Consent to Jurisdiction. This Agreement will be governed, construed, and enforced according to the laws of the State of California without regard to its conflict of laws rules. Each party hereby irrevocably consents to the exclusive jurisdiction and venue of any state court located within Sacramento County, State of California in connection with any matter arising out of this Agreement or the transactions contemplated under this Agreement. Remainder of the page is intentionally left blank. Signature page immediately follows. Governor’s Office of Business and Economic Development By: Name: Xxxxxxx Xxxx Xxxxx Xxxxxx Title: Chief Deputy Director Date: October 31April 5, 2017 2021 | 14:15 07:50 PDT TAXPAYER Telogiks LP Xxxxx Xxxx, Inc. By: Name: Title: Date: xxxxxxx xxxxxxx CFO October 21XXXXX XXXX CEO March 25, 2017 2021 | 13:27 16:24 PDT Exhibit A Milestones Taxpayer: Xxxxx Xxxx, Inc. 2020 Tax Year (Base) 2021 Tax Year 2022 Tax Year 2023 Tax Year 2024 Tax Year 2025 Tax Year Total Total California Full-Time Employees1 258 265 274 283 296 309 Net Increase of Full-Time Employees Compared to the Base Year 0 8 7 16 25 45 59 38 51 Minimum Annual Wage of California Full- Full-Time Employees Hired $45,000 31,200 $45,000 31,200 $45,000 31,200 $45,000 31,200 $45,000 31,200 Cumulative Average Annual Wage of California Full- Full-Time Employees Hired $60,000 34,000 $60,000 42,000 $60,000 42,000 $60,000 42,000 $60,000 42,000 Investments $50,000 561,000 $100,000 1,600,000 $100,000 1,726,000 $100,000 1,069,000 $100,000 864,000 $450,000 5,820,000 Tax Credit Allocation $0 280,000 $40,000 350,000 $100,000 350,000 $160,000 $100,000 500,000 $400,000 $2,000,000 1 Determined on an annual full-time equivalent basis STATE OF CALIFORNIA OFFICE OF GOVERNOR XXXXXX X. XXXXX XX. DocuSign Envelope ID: 34A38022-A92F-46A0-9220-7B2E5E6A305A GOVERNOR’S ’ S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT STATE OF CALIFORNIA ⬧ OFFICE OF GOVERNOR XXXXX XXXXXX EXHIBIT B FIRST AMENDMENT TO AGREEMENT
Appears in 1 contract
Samples: California Competes Tax Credit Allocation Agreement
Governing Law and Consent to Jurisdiction. This Agreement will be governed, construed, and enforced according to the laws of the State of California without regard to its conflict of laws rules. Each party hereby irrevocably consents to the exclusive jurisdiction and venue of any state court located within Sacramento County, State of California in connection with any matter arising out of this Agreement or the transactions contemplated under this Agreement. Remainder of the page is intentionally left blank. Signature page immediately follows. Governor’s Office of Business and Economic Development By: Name: Xxxxxxx Xxxxxx Xxxx Title: Chief Deputy Director Date: October 31March 26, 2017 2018 | 14:15 14:37 PDT TAXPAYER Telogiks LP Hawke Media LLC By: Name: Title: Date: xxxxxxx xxxxxxx CFO October 21Xxxx Xxxxxxxx CEO March 16, 2017 2018 | 13:27 13:47 PDT Exhibit A Milestones Taxpayer: Hawke Media LLC 2017 Tax Year (Base) 2018 Tax Year 2019 Tax Year 2020 Tax Year 2021 Tax Year 2022 Tax Year Total Total California Full-Time Employees1 111 151 242 347 457 556 Net Increase of Full-Time Employees Compared to the Base Year 0 8 25 45 59 40 131 236 346 445 Minimum Annual Wage of California Full- Full-Time Employees Hired $45,000 40,000 $45,000 40,000 $45,000 40,000 $45,000 40,000 $45,000 40,000 Cumulative Average Annual Wage of California Full- Full-Time Employees Hired $60,000 51,000 $60,000 51,000 $60,000 51,000 $60,000 51,000 $60,000 51,000 Investments $50,000 4,000,000 $100,000 4,000,000 $100,000 5,000,000 $100,000 6,000,000 $100,000 6,000,000 $450,000 25,000,000 Tax Credit Allocation $0 200,000 $40,000 350,000 $100,000 500,000 $160,000 500,000 $100,000 450,000 $400,000 2,000,000 1 Determined on an annual full-time equivalent basis STATE OF CALIFORNIA OFFICE OF GOVERNOR XXXXXX X. XXXXX XX. DocuSign Envelope ID: C5FA4C0E-A9D5-45F7-BC30-70A51EF18A19 GOVERNOR’S ’ S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT STATE OF CALIFORNIA 🞟 OFFICE OF GOVERNOR XXXXX XXXXXX EXHIBIT B FIRST AMENDMENT TO AGREEMENT
Appears in 1 contract
Samples: California Competes Tax Credit Allocation Agreement
Governing Law and Consent to Jurisdiction. This Agreement will be governed, construed, and enforced according to the laws of the State of California without regard to its conflict of laws rules. Each party hereby irrevocably consents to the exclusive jurisdiction and venue of any state court located within Sacramento County, State of California in connection with any matter arising out of this Agreement or the transactions contemplated under this Agreement. Remainder of the page is intentionally left blank. Signature page immediately follows. Governor’s Office of Business and Economic Development By: Name: Xxxxxxx Xxxx Title: Chief Deputy Director Date: October 31, 2017 | 14:15 14:12 PDT TAXPAYER Telogiks LP Hi-Tech Emergency Vehicle Service, Inc. By: Name: Title: Date: xxxxxxx xxxxxxx CFO Xxxxx Xxxxxxx Xxxxx Xxxxxxx October 2123, 2017 | 13:27 16:15 PDT Exhibit A Milestones Taxpayer: Hi-Tech Emergency Vehicle Service, Inc. 2016 Tax Year (Base) 2017 Tax Year 2018 Tax Year 2019 Tax Year 2020 Tax Year 2021 Tax Year Total Total California Full-Time Employees1 44 45 50 55 59 64 Net Increase of Full-Time Employees Compared to the Base Year 0 8 25 45 59 1 6 11 15 20 Minimum Annual Wage of California Full- Time Employees Hired $45,000 33,280 $45,000 33,280 $45,000 33,280 $45,000 33,280 $45,000 33,280 Cumulative Average Annual Wage of California Full- Time Employees Hired $60,000 41,600 $60,000 41,600 $60,000 41,600 $60,000 41,600 $60,000 41,600 Investments $50,000 0 $100,000 250,000 $100,000 1,000,000 $100,000 500,000 $100,000 300,000 $450,000 2,050,000 Tax Credit Allocation $0 25,000 $40,000 125,000 $125,000 $100,000 $160,000 125,000 $100,000 $400,000 500,000 1 Determined on an annual full-time equivalent basis STATE OF CALIFORNIA OFFICE OF GOVERNOR XXXXXX X. XXXXX XX. DocuSign Envelope ID: 7F2F3E5A-5708-4CF0-936E-086BE164913D GOVERNOR’S ’ S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT STATE OF CALIFORNIA 🞟 OFFICE OF GOVERNOR XXXXX XXXXXX EXHIBIT B FIRST AMENDMENT TO AGREEMENT
Appears in 1 contract
Samples: California Competes Tax Credit Allocation Agreement
Governing Law and Consent to Jurisdiction. This Agreement will be governed, construed, and enforced according to the laws of the State of California without regard to its conflict of laws rules. Each party hereby irrevocably consents to the exclusive jurisdiction and venue of any state court located within Sacramento County, State of California in connection with any matter arising out of this Agreement or the transactions contemplated under this Agreement. Remainder of the page is intentionally left blank. Signature page immediately follows. Governor’s Office of Business and Economic Development By: Name: Xxxxxxx Xxxxxx Xxxx Title: Chief Deputy Director Date: October 31March 26, 2017 2018 | 14:15 14:24 PDT TAXPAYER Telogiks LP SurveyMonkey, Inc. By: Name: Xxxx Xxxx Title: Date: xxxxxxx xxxxxxx CFO October 21SVP, 2017 General Counsel & Secretary March 20, 2018 | 13:27 11:47 PDT Exhibit A Milestones Taxpayer: SurveyMonkey, Inc. 2017 Tax Year (Base) 2018 Tax Year 2019 Tax Year 2020 Tax Year 2021 Tax Year 2022 Tax Year Total Total California Full-Time Employees1 325 458 553 608 689 755 Net Increase of Full-Time Employees Compared to the Base Year 0 8 25 45 59 133 228 283 364 430 Minimum Annual Wage of California Full- Time Employees Hired $45,000 50,000 $45,000 50,000 $45,000 50,000 $45,000 50,000 $45,000 50,000 Cumulative Average Annual Wage of California Full- Time Employees Hired $60,000 125,000 $60,000 125,000 $60,000 125,000 $60,000 125,000 $60,000 125,000 Investments $50,000 308,575 $100,000 424,829 $100,000 2,738,903 $100,000 451,619 $100,000 2,912,330 $450,000 6,836,256 Tax Credit Allocation $0 $40,000 0 $100,000 $160,000 700,000 $100,000 700,000 $400,000 1,500,000 1 Determined on an annual full-time equivalent basis STATE OF CALIFORNIA OFFICE OF GOVERNOR XXXXXX X. XXXXX XX. DocuSign Envelope ID: 29298589-DD0C-472E-A0A7-933101E9B022 GOVERNOR’S ’ S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT STATE OF CALIFORNIA 🞟 OFFICE OF GOVERNOR XXXXX XXXXXX EXHIBIT B FIRST AMENDMENT TO AGREEMENT
Appears in 1 contract
Samples: California Competes Tax Credit Allocation Agreement
Governing Law and Consent to Jurisdiction. This Agreement will be governed, construed, and enforced according to the laws of the State of California without regard to its conflict of laws rules. Each party hereby irrevocably consents to the exclusive jurisdiction and venue of any state court located within Sacramento County, State of California in connection with any matter arising out of this Agreement or the transactions contemplated under this Agreement. Remainder of the page is intentionally left blank. Signature page immediately follows. Governor’s Office of Business and Economic Development By: Name: Xxxxxxx Xxxxxx Xxxx Title: Chief Deputy Director Date: October 31March 24, 2017 2019 | 14:15 14:00 PDT TAXPAYER Telogiks LP QC Manufacturing, Inc. By: Name: Title: Date: xxxxxxx xxxxxxx CFO October 21Xxxx Xxxxx Human Resources Manager March 19, 2017 2019 | 13:27 09:10 PDT Exhibit A Milestones Taxpayer: QC Manufacturing, Inc. 2018 Tax Year (Base) 2019 Tax Year 2020 Tax Year 2021 Tax Year 2022 Tax Year 2023 Tax Year Total Total California Full-Time Employees1 99 110 131 153 185 199 Net Increase of Full-Time Employees Compared to the Base Year 0 8 25 45 59 11 32 54 86 100 Minimum Annual Wage of California Full- Full-Time Employees Hired $45,000 31,200 $45,000 31,200 $45,000 31,200 $45,000 31,200 $45,000 31,200 Cumulative Average Annual Wage of California Full- Full-Time Employees Hired $60,000 33,000 $60,000 33,000 $60,000 33,000 $60,000 33,000 $60,000 33,000 Investments $50,000 831,538 $100,000 256,570 $100,000 203,520 $100,000 89,170 $100,000 5,170 $450,000 1,385,968 Tax Credit Allocation $0 80,000 $40,000 155,000 $100,000 165,000 $160,000 240,000 $100,000 110,000 $400,000 750,000 1 Determined on an annual full-time equivalent basis STATE OF CALIFORNIA OFFICE OF GOVERNOR XXXXXX X. XXXXX XX. DocuSign Envelope ID: 21BB2A0E-888D-493B-8D91-86D68F7EC69E GOVERNOR’S ’ S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT STATE OF CALIFORNIA ⬧ OFFICE OF GOVERNOR XXXXX XXXXXX EXHIBIT B FIRST AMENDMENT TO AGREEMENT
Appears in 1 contract
Samples: California Competes Tax Credit Allocation Agreement
Governing Law and Consent to Jurisdiction. This Agreement will be governed, construed, and enforced according to the laws of the State of California without regard to its conflict of laws rules. Each party hereby irrevocably consents to the exclusive jurisdiction and venue of any state court located within Sacramento County, State of California in connection with any matter arising out of this Agreement or the transactions contemplated under this Agreement. Remainder of the page is intentionally left blank. Signature page immediately follows. Governor’s Office of Business and Economic Development By: Name: Xxxxxxx Xxxxxx Xxxx Title: Chief Deputy Director Date: October 31March 26, 2017 2018 | 14:15 14:22 PDT TAXPAYER Telogiks LP BofI Holding, Inc. By: Name: Xxxxxx X. Xxxxxxxxxx Title: Date: xxxxxxx xxxxxxx EVP & CFO October 21March 20, 2017 2018 | 13:27 14:26 PDT BofI Federal Bank By: Name: Xxxxxx X. Xxxxxxxxxx Title: Date: EVP & CFO March 20, 2018 | 14:26 PDT Exhibit A Milestones Taxpayer: BofI Holding, Inc. (Credit Recipient) and BofI Federal Bank 2016 Tax Year (Base) 2017 Tax Year 2018 Tax Year 2019 Tax Year 2020 Tax Year 2021 Tax Year Total Total California Full-Time Employees1 676 724 747 761 777 836 Net Increase of Full-Time Employees Compared to the Base Year 0 8 25 45 59 48 71 85 101 160 Minimum Annual Wage of California Full- Full-Time Employees Hired $45,000 31,000 $45,000 32,000 $45,000 33,000 $45,000 34,000 $45,000 35,000 Cumulative Average Annual Wage of California Full- Full-Time Employees Hired $60,000 70,000 $60,000 70,000 $60,000 70,000 $60,000 70,000 $60,000 70,000 Investments $50,000 200,000 $100,000 14,700,000 $100,000 3,450,000 $100,000 2,025,000 $100,000 2,052,500 $450,000 22,427,500 Tax Credit Allocation $0 1,450,000 $40,000 600,000 $100,000 450,000 $160,000 500,000 $100,000 2,000,000 $400,000 1 Determined on an annual full-time equivalent basis STATE OF CALIFORNIA OFFICE OF GOVERNOR XXXXXX X. XXXXX XX. GOVERNOR’S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT EXHIBIT B FIRST AMENDMENT TO AGREEMENT5,000,000
Appears in 1 contract
Samples: California Competes Tax Credit Allocation Agreement
Governing Law and Consent to Jurisdiction. This Agreement will be governed, construed, and enforced according to the laws of the State of California without regard to its conflict of laws rules. Each party hereby irrevocably consents to the exclusive jurisdiction and venue of any state court located within Sacramento County, State of California in connection with any matter arising out of this Agreement or the transactions contemplated under this Agreement. Remainder of the page is intentionally left blank. Signature page immediately follows. Governor’s Office of Business and Economic Development By: Name: Xxxxxxx Xxxxxx Xxxx Title: Chief Deputy Director Date: October 31June 4, 2017 2018 | 14:15 10:38 PDT TAXPAYER Telogiks LP P&Y T-Shirts and Silk Screening Co., Inc. By: Name: Xxxxx Xxxx Title: Date: xxxxxxx xxxxxxx CFO October 21owner May 29, 2017 2018 | 13:27 13:35 PDT Exhibit A Milestones Taxpayer: P&Y T-Shirts and Silk Screening Co, Inc. 2017 Tax Year (Base) 2018 Tax Year 2019 Tax Year 2020 Tax Year 2021 Tax Year 2022 Tax Year Total Total California Full-Time Employees1 80 83 90 98 106 113 Net Increase of Full-Time Employees Compared to the Base Year 0 8 25 45 59 3 10 18 26 33 Minimum Annual Wage of California Full- Full-Time Employees Hired $45,000 30,000 $45,000 30,000 $45,000 31,000 $45,000 31,000 $45,000 31,200 Cumulative Average Annual Wage of California Full- Full-Time Employees Hired $60,000 32,000 $60,000 32,000 $60,000 33,000 $60,000 33,000 $60,000 33,000 Investments $50,000 $100,000 $100,000 200,000 $100,000 250,000 $100,000 250,000 $450,000 300,000 $1,100,000 Tax Credit Allocation $0 10,000 $30,000 $40,000 $100,000 40,000 $160,000 30,000 $100,000 $400,000 1 Determined on an annual full-time equivalent basis STATE OF CALIFORNIA OFFICE OF GOVERNOR XXXXXX X. XXXXX XX. GOVERNOR’S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT EXHIBIT B FIRST AMENDMENT TO AGREEMENT150,000
Appears in 1 contract
Samples: California Competes Tax Credit Allocation Agreement
Governing Law and Consent to Jurisdiction. This Agreement will be governed, construed, and enforced according to the laws of the State of California without regard to its conflict of laws rules. Each party hereby irrevocably consents to the exclusive jurisdiction and venue of any state court located within Sacramento County, State of California in connection with any matter arising out of this Agreement or the transactions contemplated under this Agreement. Remainder of the page is intentionally left blank. Signature page immediately follows. Governor’s Office of Business and Economic Development By: Name: Xxxxxxx Xxxxxx Xxxx Title: Chief Deputy Director Date: October 31March 26, 2017 2018 | 14:15 14:19 PDT TAXPAYER Telogiks LP Xxxxx Xxxxxxxxxx BMS Holdings LLC By: Name: Title: Date: xxxxxxx xxxxxxx CFO October March 21, 2017 2018 | 13:27 10:21 PDT Black Mountain Systems LLC By: Name: Title: Date: Xxxxx Xxxxxxxxxx CFO March 21, 2018 | 10:21 PDT Exhibit A Milestones Taxpayer: BMS Holdings LLC (Credit Recipient) and Black Mountain Systems LLC 2017 Tax Year (Base) 2018 Tax Year 2019 Tax Year 2020 Tax Year 2021 Tax Year 2022 Tax Year Total Total California Full-Time Employees1 61 73 86 105 131 168 Net Increase of Full-Time Employees Compared to the Base Year 0 8 12 25 45 59 44 70 107 Minimum Annual Wage of California Full- Time Employees Hired $45,000 65,000 $45,000 65,000 $45,000 65,000 $45,000 65,000 $45,000 65,000 Cumulative Average Annual Wage of California Full- Time Employees Hired $60,000 $60,000 $60,000 $60,000 $60,000 Investments $50,000 100,000 $100,000 $100,000 $100,000 $100,000 Investments $450,000 216,000 $691,250 $886,250 $90,000 $120,000 $2,003,500 Tax Credit Allocation $0 80,000 $40,000 115,000 $100,000 165,000 $160,000 225,000 $100,000 321,159 $400,000 1 Determined on an annual full-time equivalent basis STATE OF CALIFORNIA OFFICE OF GOVERNOR XXXXXX X. XXXXX XX. GOVERNOR’S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT EXHIBIT B FIRST AMENDMENT TO AGREEMENT906,159
Appears in 1 contract
Samples: California Competes Tax Credit Allocation Agreement
Governing Law and Consent to Jurisdiction. This Agreement will be governed, construed, and enforced according to the laws of the State of California without regard to its conflict of laws rules. Each party hereby irrevocably consents to the exclusive jurisdiction and venue of any state court located within Sacramento County, State of California in connection with any matter arising out of this Agreement or the transactions contemplated under this Agreement. Remainder of the page is intentionally left blank. Signature page immediately follows. Governor’s Office of Business and Economic Development By: Name: Xxxxxxx Xxxxxx Xxxx Title: Chief Deputy Director Date: October 3124, 2017 2018 | 14:15 08:54 PDT TAXPAYER Telogiks LP Lockheed Xxxxxx Corporation By: Name: Xxxxxxx X. Xxxxxxxxxxx Title: Date: xxxxxxx xxxxxxx CFO Vice President Finance Aero October 2124, 2017 2018 | 13:27 05:56 PDT Deposition Sciences, Inc. By: Name: Xxxxxxx X. Xxxxxxxxxxx Title: Date: Vice President Finance Aero October 24, 2018 | 05:56 PDT Exhibit A Milestones Taxpayer: Lockheed Xxxxxx Corporation (Credit Recipient) and Deposition Sciences, Inc. 2017 Tax Year (Base) 2018 Tax Year 2019 Tax Year 2020 Tax Year 2021 Tax Year 2022 Tax Year Total Total California Full-Time Employees1 2,429 2,554 2,679 2,746 2,813 2,879 Net Increase of Full-Time Employees Compared to the Base Year 0 8 25 45 59 125 250 317 384 450 Minimum Annual Wage of California Full- Full-Time Employees Hired $45,000 32,000 $45,000 32,000 $45,000 32,000 $45,000 32,000 $45,000 32,000 Cumulative Average Annual Wage of California Full- Full-Time Employees Hired $60,000 85,000 $60,000 85,000 $60,000 85,000 $60,000 85,000 $60,000 85,000 Investments $50,000 15,250,000 $100,000 3,500,000 $100,000 28,547,000 $100,000 26,351,500 $100,000 26,351,500 $450,000 100,000,000 Tax Credit Allocation $0 11,000,000 $40,000 11,000,000 $100,000 5,833,334 $160,000 5,833,333 $100,000 5,833,333 $400,000 39,500,000 1 Determined on an annual full-time equivalent basis STATE OF CALIFORNIA OFFICE OF GOVERNOR XXXXXX X. XXXXX XXbasis. The base year and net increase include only full-time employees at and investment made by: 1) Deposition Sciences, Inc. and 2) Lockheed Xxxxxx Corporation’s Aeronautics Business Area located at Xxxxx Air Force Base, Xxxxxxxxxx Air Force Base and the cities of Palmdale, Buellton, Helendale, Santa Xxxx, and Valencia, California as provided in Section 3. GOVERNOR’S ’ S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT STATE OF CALIFORNIA 🞟 OFFICE OF GOVERNOR XXXXX XXXXXX EXHIBIT B FIRST AMENDMENT TO AGREEMENT
Appears in 1 contract
Samples: California Competes Tax Credit Allocation Agreement
Governing Law and Consent to Jurisdiction. This Agreement will be governed, construed, and enforced according to the laws of the State of California without regard to its conflict of laws rules. Each party hereby irrevocably consents to the exclusive jurisdiction and venue of any state court located within Sacramento County, State of California in connection with any matter arising out of this Agreement or the transactions contemplated under this Agreement. Remainder of the page is intentionally left blank. Signature page immediately follows. Governor’s Office of Business and Economic Development By: Name: Xxxxxxx Xxxx Title: Chief Deputy Director Date: October 31May 25, 2017 | 14:15 10:10 PDT TAXPAYER Telogiks LP Golden State Lumber, Inc. By: Name: Xxxxxxxxx Xxxx Title: Chief Financial Officer Date: xxxxxxx xxxxxxx CFO October 21May 23, 2017 | 13:27 13:28 PDT Exhibit A Milestones Taxpayer: Golden State Lumber, Inc. 2016 Tax Year (Base) 2017 Tax Year 2018 Tax Year 2019 Tax Year 2020 Tax Year 2021 Tax Year Total Total California Full-Time Employees1 425 456 476 480 481 481 Net Increase of Full-Time Employees Compared to the Base Year 0 8 25 45 59 31 51 55 56 56 Minimum Annual Wage Salary of California Full- Full-Time Employees Hired $45,000 40,000 $45,000 40,000 $45,000 40,000 $45,000 40,000 $45,000 40,000 Cumulative Average Annual Wage Salary of California Full- Full-Time Employees Hired $60,000 47,000 $60,000 47,000 $60,000 47,000 $60,000 47,000 $60,000 47,000 Investments $50,000 3,942,464 $1,099,144 $1,622,992 $1,622,992 $1,562,166 $9,849,758 Tax Credit Allocation $100,000 $100,000 $100,000 $100,000 $450,000 Tax Credit Allocation $0 $40,000 $100,000 $160,000 $100,000 $400,000 500,000 1 Determined on an annual full-time equivalent basis STATE OF CALIFORNIA OFFICE OF GOVERNOR XXXXXX X. XXXXX XX. DocuSign Envelope ID: 1CD43FA8-13B5-42C3-AF02-8AB96375C9C0 GOVERNOR’S ’ S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT STATE OF CALIFORNIA 🞟 OFFICE OF GOVERNOR XXXXX XXXXXX EXHIBIT B FIRST AMENDMENT TO AGREEMENT
Appears in 1 contract
Samples: California Competes Tax Credit Allocation Agreement
Governing Law and Consent to Jurisdiction. This Agreement will be governed, construed, and enforced according to the laws of the State of California without regard to its conflict of laws rules. Each party hereby irrevocably consents to the exclusive jurisdiction and venue of any state court located within Sacramento County, State of California in connection with any matter arising out of this Agreement or the transactions contemplated under this Agreement. Remainder of the page is intentionally left blank. Signature page immediately follows. Governor’s Office of Business and Economic Development By: Name: Xxxxxxx Xxxxxx Xxxx Title: Chief Deputy Director Date: October 31March 26, 2017 2018 | 14:15 14:22 PDT TAXPAYER Telogiks LP BofI Holding, Inc. By: Name: Xxxxxx X. Xxxxxxxxxx Title: Date: xxxxxxx xxxxxxx EVP & CFO October 21March 20, 2017 2018 | 13:27 14:26 PDT BofI Federal Bank By: Name: Xxxxxx X. Xxxxxxxxxx Title: Date: EVP & CFO March 20, 2018 | 14:26 PDT Exhibit A Milestones Taxpayer: BofI Holding, Inc. (Credit Recipient) and BofI Federal Bank 2016 Tax Year (Base) 2017 Tax Year 2018 Tax Year 2019 Tax Year 2020 Tax Year 2021 Tax Year Total Total California Full-Time Employees1 676 724 747 761 777 836 Net Increase of Full-Time Employees Compared to the Base Year 0 8 25 45 59 48 71 85 101 160 Minimum Annual Wage of California Full- Full-Time Employees Hired $45,000 31,000 $45,000 32,000 $45,000 33,000 $45,000 34,000 $45,000 35,000 Cumulative Average Annual Wage of California Full- Full-Time Employees Hired $60,000 70,000 $60,000 70,000 $60,000 70,000 $60,000 70,000 $60,000 70,000 Investments $50,000 200,000 $100,000 14,700,000 $100,000 3,450,000 $100,000 2,025,000 $100,000 2,052,500 $450,000 22,427,500 Tax Credit Allocation $0 1,450,000 $40,000 600,000 $100,000 450,000 $160,000 500,000 $100,000 2,000,000 $400,000 5,000,000 1 Determined on an annual full-time equivalent basis STATE OF CALIFORNIA OFFICE OF GOVERNOR XXXXXX X. XXXXX XX. GOVERNOR’S ’ S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT DEVELOPMENT STATE OF CALIFORNIA 🞟 OFFICE OF GOVERNOR XXXXX XXXXXX EXHIBIT B FIRST AMENDMENT TO AGREEMENT
Appears in 1 contract
Samples: California Competes Tax Credit Allocation Agreement
Governing Law and Consent to Jurisdiction. This Agreement will be governed, construed, and enforced according to the laws of the State of California without regard to its conflict of laws rules. Each party hereby irrevocably consents to the exclusive jurisdiction and venue of any state court located within Sacramento County, State of California in connection with any matter arising out of this Agreement or the transactions contemplated under this Agreement. Remainder of the page is intentionally left blank. Signature page immediately follows. Governor’s Office of Business and Economic Development By: Name: Xxxxxxx Xxxxxx Xxxx Title: Chief Deputy Director Date: October 3124, 2017 2018 | 14:15 08:54 PDT TAXPAYER Telogiks LP Lockheed Xxxxxx Corporation By: Name: Xxxxxxx X. Xxxxxxxxxxx Title: Date: xxxxxxx xxxxxxx CFO Vice President Finance Aero October 2124, 2017 2018 | 13:27 05:56 PDT Deposition Sciences, Inc. By: Name: Xxxxxxx X. Xxxxxxxxxxx Title: Date: Vice President Finance Aero October 24, 2018 | 05:56 PDT Exhibit A Milestones Taxpayer: Lockheed Xxxxxx Corporation (Credit Recipient) and Deposition Sciences, Inc. 2017 Tax Year (Base) 2018 Tax Year 2019 Tax Year 2020 Tax Year 2021 Tax Year 2022 Tax Year Total Total California Full-Time Employees1 2,429 2,554 2,679 2,746 2,813 2,879 Net Increase of Full-Time Employees Compared to the Base Year 0 8 25 45 59 125 250 317 384 450 Minimum Annual Wage of California Full- Full-Time Employees Hired $45,000 32,000 $45,000 32,000 $45,000 32,000 $45,000 32,000 $45,000 32,000 Cumulative Average Annual Wage of California Full- Full-Time Employees Hired $60,000 85,000 $60,000 85,000 $60,000 85,000 $60,000 85,000 $60,000 85,000 Investments $50,000 15,250,000 $100,000 3,500,000 $100,000 28,547,000 $100,000 26,351,500 $100,000 26,351,500 $450,000 100,000,000 Tax Credit Allocation $0 11,000,000 $40,000 11,000,000 $100,000 5,833,334 $160,000 5,833,333 $100,000 5,833,333 $400,000 39,500,000 1 Determined on an annual full-time equivalent basis STATE OF CALIFORNIA OFFICE OF GOVERNOR XXXXXX X. XXXXX XXbasis. The base year and net increase include only full-time employees at and investment made by: 1) Deposition Sciences, Inc. and 2) Lockheed Xxxxxx Corporation’s Aeronautics Business Area located at Xxxxx Air Force Base, Xxxxxxxxxx Air Force Base and the cities of Palmdale, Buellton, Helendale, Santa Xxxx, and Valencia, California as provided in Section 3. GOVERNOR’S ’ S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT STATE OF CALIFORNIA ⬧ OFFICE OF GOVERNOR XXXXX XXXXXX EXHIBIT B FIRST AMENDMENT TO AGREEMENT
Appears in 1 contract
Samples: California Competes Tax Credit Allocation Agreement
Governing Law and Consent to Jurisdiction. This Agreement will be governed, construed, and enforced according to the laws of the State of California without regard to its conflict of laws rules. Each party hereby irrevocably consents to the exclusive jurisdiction and venue of any state court located within Sacramento County, State of California in connection with any matter arising out of this Agreement or the transactions contemplated under this Agreement. Remainder of the page is intentionally left blank. Signature page immediately follows. Governor’s Office of Business and Economic Development By: Name: Xxxxxxx Xxxx Xxxxx Xxxxxxxxxx Title: Chief Deputy Director Date: October 3125, 2017 2019 | 14:15 15:19 PDT TAXPAYER Telogiks LP Northrop Grumman Systems Corporation By: Name: Xxxxx X. Xxxxxx Title: Date: xxxxxxx xxxxxxx CFO Vice President - Tax October 2125, 2017 2019 | 13:27 07:53 PDT Exhibit A Milestones Taxpayer: Northrop Grumman Systems Corporation 2014 Tax Year (Base) 2019 Tax Year 2020 Tax Year 2021 Tax Year 2022 Tax Year 2023 Tax Year Total Total California Full-Time Employees1 21,560 23,416 23,764 23,920 23,920 23,920 Total California Full-Time Employees1 from Prior CCTC Agreement 21,560 22,919 22,919 22,919 22,919 22,919 Net Increase of Full-Time Employees Compared to the Base Year 0 8 25 45 59 for this Agreement 497 845 1,001 1,001 1,001 Minimum Annual Wage of California Full- Full-Time Employees Hired $45,000 48,000 $45,000 48,000 $45,000 48,000 $45,000 48,000 $45,000 48,000 Cumulative Average Annual Wage of California Full- Full-Time Employees Hired $60,000 75,000 $60,000 75,000 $60,000 75,000 $60,000 75,000 $60,000 75,000 Investments from Prior CCTC Agreement $50,000 22,700,000 $100,000 0 $100,000 0 $100,000 0 $100,000 0 Additional Investments for this Agreement $450,000 364,000,000 $451,000,000 $332,000,000 $0 $0 $1,147,000,000 Tax Credit Allocation from Prior CCTC Agreement $1,000,000 $0 $0 $0 $0 Tax Credit Allocation $0 5,000,000 $40,000 10,000,000 $100,000 10,000,000 $160,000 2,500,000 $100,000 2,500,000 $400,000 1 Determined on an annual full-time equivalent basis STATE OF CALIFORNIA OFFICE OF GOVERNOR XXXXXX X. XXXXX XX. GOVERNOR’S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT EXHIBIT B FIRST AMENDMENT TO AGREEMENT30,000,000
Appears in 1 contract
Samples: California Competes Tax Credit Allocation Agreement
Governing Law and Consent to Jurisdiction. This Agreement will be governed, construed, and enforced according to the laws of the State of California without regard to its conflict of laws rules. Each party hereby irrevocably consents to the exclusive jurisdiction and venue of any state court located within Sacramento County, State of California in connection with any matter arising out of this Agreement or the transactions contemplated under this Agreement. Remainder of the page is intentionally left blank. Signature page immediately follows. Governor’s Office of Business and Economic Development By: Name: Xxxxxxx Xxxxxx Xxxx Title: Chief Deputy Director Date: October 31June 4, 2017 2018 | 14:15 12:11 PDT TAXPAYER Telogiks LP Niantic, Inc. By: Name: Title: Date: xxxxxxx xxxxxxx CFO October 21Xxxx Xxxxxxx VP, 2017 Finance May 17, 2018 | 13:27 15:31 PDT Exhibit A Milestones Taxpayer: Niantic, Inc. 2017 Tax Year (Base) 2018 Tax Year 2019 Tax Year 2020 Tax Year 2021 Tax Year 2022 Tax Year Total Total California Full-Time Employees1 72 133 196 247 287 327 Net Increase of Full-Time Employees Compared to the Base Year 0 8 25 45 59 61 124 175 215 255 Minimum Annual Wage of California Full- Full-Time Employees Hired $45,000 55,000 $45,000 55,000 $45,000 55,000 $45,000 55,000 $45,000 55,000 Cumulative Average Annual Wage of California Full- Full-Time Employees Hired $60,000 125,000 $60,000 125,000 $60,000 125,000 $60,000 125,000 $60,000 125,000 Investments $50,000 900,000 $100,000 1,593,625 $100,000 1,593,625 $100,000 1,593,625 $100,000 1,593,625 $450,000 7,274,500 Tax Credit Allocation $0 600,000 $40,000 600,000 $100,000 600,000 $160,000 600,000 $100,000 600,000 $400,000 3,000,000 1 Determined on an annual full-time equivalent basis STATE OF CALIFORNIA OFFICE OF GOVERNOR XXXXXX X. XXXXX XX. DocuSign Envelope ID: 41AC3FEA-9D0C-426B-8450-6BBE549580C9 GOVERNOR’S ’ S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT STATE OF CALIFORNIA ⬧ OFFICE OF GOVERNOR XXXXX XXXXXX EXHIBIT B FIRST AMENDMENT TO AGREEMENT
Appears in 1 contract
Samples: California Competes Tax Credit Allocation Agreement
Governing Law and Consent to Jurisdiction. This Agreement will be governed, construed, and enforced according to the laws of the State of California without regard to its conflict of laws rules. Each party hereby irrevocably consents to the exclusive jurisdiction and venue of any state court located within Sacramento County, State of California in connection with any matter arising out of this Agreement or the transactions contemplated under this Agreement. Remainder of the page is intentionally left blank. Signature page immediately follows. Governor’s Office of Business and Economic Development By: Name: Xxxxxxx Xxxxxx Xxxx Title: Chief Deputy Director Date: October 31March 26, 2017 2018 | 14:15 14:19 PDT TAXPAYER Telogiks LP BMS Holdings LLC By: Name: Title: Date: xxxxxxx xxxxxxx Xxxxx Xxxxxxxxxx CFO October March 21, 2017 2018 | 13:27 10:21 PDT Black Mountain Systems LLC By: Name: Title: Date: Xxxxx Xxxxxxxxxx CFO March 21, 2018 | 10:21 PDT Exhibit A Milestones Taxpayer: BMS Holdings LLC (Credit Recipient) and Black Mountain Systems LLC 2017 Tax Year (Base) 2018 Tax Year 2019 Tax Year 2020 Tax Year 2021 Tax Year 2022 Tax Year Total Total California Full-Time Employees1 61 73 86 105 131 168 Net Increase of Full-Time Employees Compared to the Base Year 0 8 12 25 45 59 44 70 107 Minimum Annual Wage of California Full- Time Employees Hired $45,000 65,000 $45,000 65,000 $45,000 65,000 $45,000 65,000 $45,000 65,000 Cumulative Average Annual Wage of California Full- Time Employees Hired $60,000 $60,000 $60,000 $60,000 $60,000 Investments $50,000 100,000 $100,000 $100,000 $100,000 $100,000 Investments $450,000 216,000 $691,250 $886,250 $90,000 $120,000 $2,003,500 Tax Credit Allocation $0 80,000 $40,000 115,000 $100,000 165,000 $160,000 225,000 $100,000 321,159 $400,000 906,159 1 Determined on an annual full-time equivalent basis STATE OF CALIFORNIA OFFICE OF GOVERNOR XXXXXX X. XXXXX XX. GOVERNOR’S ’ S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT STATE OF CALIFORNIA 🞟 OFFICE OF GOVERNOR XXXXX XXXXXX EXHIBIT B FIRST AMENDMENT TO AGREEMENT
Appears in 1 contract
Samples: California Competes Tax Credit Allocation Agreement
Governing Law and Consent to Jurisdiction. This Agreement will be governed, construed, and enforced according to the laws of the State of California without regard to its conflict of laws rules. Each party hereby irrevocably consents to the exclusive jurisdiction and venue of any state court located within Sacramento County, State of California in connection with any matter arising out of this Agreement or the transactions contemplated under this Agreement. Remainder of the page is intentionally left blank. Signature page immediately follows. Governor’s Office of Business and Economic Development By: Name: Xxxxxxx Xxxxxx Xxxx Title: Chief Deputy Director Date: October 31March 26, 2017 2018 | 14:15 14:37 PDT TAXPAYER Telogiks LP Hawke Media LLC By: Name: Title: Date: xxxxxxx xxxxxxx CFO October 21Xxxx Xxxxxxxx CEO March 16, 2017 2018 | 13:27 13:47 PDT Exhibit A Milestones Taxpayer: Hawke Media LLC 2017 Tax Year (Base) 2018 Tax Year 2019 Tax Year 2020 Tax Year 2021 Tax Year 2022 Tax Year Total Total California Full-Time Employees1 111 151 242 347 457 556 Net Increase of Full-Time Employees Compared to the Base Year 0 8 25 45 59 40 131 236 346 445 Minimum Annual Wage of California Full- Full-Time Employees Hired $45,000 40,000 $45,000 40,000 $45,000 40,000 $45,000 40,000 $45,000 40,000 Cumulative Average Annual Wage of California Full- Full-Time Employees Hired $60,000 51,000 $60,000 51,000 $60,000 51,000 $60,000 51,000 $60,000 51,000 Investments $50,000 4,000,000 $100,000 4,000,000 $100,000 5,000,000 $100,000 6,000,000 $100,000 6,000,000 $450,000 25,000,000 Tax Credit Allocation $0 200,000 $40,000 350,000 $100,000 500,000 $160,000 500,000 $100,000 450,000 $400,000 2,000,000 1 Determined on an annual full-time equivalent basis STATE OF CALIFORNIA OFFICE OF GOVERNOR XXXXXX X. XXXXX XX. DocuSign Envelope ID: C5FA4C0E-A9D5-45F7-BC30-70A51EF18A19 GOVERNOR’S ’ S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT STATE OF CALIFORNIA ⬧ OFFICE OF GOVERNOR XXXXX XXXXXX EXHIBIT B FIRST AMENDMENT TO AGREEMENT
Appears in 1 contract
Samples: California Competes Tax Credit Allocation Agreement
Governing Law and Consent to Jurisdiction. This Agreement will be governed, construed, and enforced according to the laws of the State of California without regard to its conflict of laws rules. Each party hereby irrevocably consents to the exclusive jurisdiction and venue of any state court located within Sacramento County, State of California in connection with any matter arising out of this Agreement or the transactions contemplated under this Agreement. Remainder of the page is intentionally left blank. Signature page immediately follows. Governor’s Office of Business and Economic Development By: Name: Xxxxxxx Xxxx Xxxxx Xxxxxxxxxx Title: Chief Deputy Director Date: October 31April 6, 2017 2020 | 14:15 10:37 PDT TAXPAYER Telogiks LP Rexnord Industries LLC By: Name: Xxxxxx Xxxxxxxx Title: Date: xxxxxxx xxxxxxx CFO October 21Vice President - Tax April 3, 2017 2020 | 13:27 13:20 PDT Xxxx Industries LLC By: Name: Xxxxxx Xxxxxxxx Title: Date: Vice President - Tax April 3, 2020 | 13:20 PDT Exhibit A Milestones Taxpayer: Rexnord Industries LLC (Credit Recipient) and Xxxx Industries LLC 2018 Tax Year (Base) 2019 Tax Year 2020 Tax Year 2021 Tax Year 2022 Tax Year 2023 Tax Year Total Total California Full-Time Employees1 360 367 380 395 402 407 Net Increase of Full-Time Employees Compared to the Base Year 0 8 25 45 59 7 20 35 42 47 Minimum Annual Wage of California Full- Full-Time Employees Hired $45,000 35,000 $45,000 35,000 $45,000 35,000 $45,000 35,000 $45,000 35,000 Cumulative Average Annual Wage of California Full- Full-Time Employees Hired $60,000 58,000 $60,000 58,000 $60,000 58,000 $60,000 58,000 $60,000 58,000 Investments $50,000 500,000 $100,000 3,300,000 $100,000 2,800,000 $100,000 2,900,000 $100,000 3,000,000 $450,000 12,500,000 Tax Credit Allocation $0 150,000 $40,000 350,000 $100,000 350,000 $160,000 200,000 $100,000 150,000 $400,000 1 Determined on an annual full-time equivalent basis STATE OF CALIFORNIA OFFICE OF GOVERNOR XXXXXX X. XXXXX XX. GOVERNOR’S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT EXHIBIT B FIRST AMENDMENT TO AGREEMENT1,200,000
Appears in 1 contract
Samples: California Competes Tax Credit Allocation Agreement
Governing Law and Consent to Jurisdiction. This Agreement will be governed, construed, and enforced according to the laws of the State of California without regard to its conflict of laws rules. Each party hereby irrevocably consents to the exclusive jurisdiction and venue of any state court located within Sacramento County, State of California in connection with any matter arising out of this Agreement or the transactions contemplated under this Agreement. Remainder of the page is intentionally left blank. Signature page immediately follows. Governor’s Office of Business and Economic Development By: Name: Xxxxxxx Xxxx Title: Chief Deputy Director Date: October Ockober 31, 2017 | 14:15 14:13 PDT TAXPAYER Telogiks LP Vungle, Inc. By: Name: Title: Date: xxxxxxx xxxxxxx CFO October 21Fe1icia Su Conkro11er Ockober 23, 2017 | 13:27 12:04 PDT Exhibit A Milestones Taxpayer: Vungle, Inc. 2016 Tax Year (Base) 2017 Tax Year 2018 Tax Year 2019 Tax Year 2020 Tax Year 2021 Tax Year Total Total California Full-Time Employees1 100 100 125 143 156 166 Net Increase of Full-Time Employees Compared to the Base Year 0 8 25 45 59 43 56 66 Minimum Annual Wage of California Full- Time Employees Hired $45,000 31,000 $45,000 31,000 $45,000 31,000 $45,000 31,000 $45,000 31,000 Cumulative Average Annual Wage of California Full- Time Employees Hired $60,000 118,000 $60,000 118,000 $60,000 118,000 $60,000 118,000 $60,000 118,000 Investments $50,000 674,000 $100,000 896,000 $100,000 1,171,999 $100,000 1,289,200 $100,000 1,353,660 $450,000 5,384,859 Tax Credit Allocation $0 $40,000 275,000 $100,000 275,000 $160,000 275,000 $100,000 275,000 $400,000 1,100,000 1 Determined on an annual full-time equivalent basis STATE OF CALIFORNIA OFFICE OF GOVERNOR XXXXXX X. XXXXX XX. DocuSign Envelope ID: A1C55F16-C71B-4C84-8860-F3EE54C9C08D GOVERNOR’S ’ S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT STATE OF CALIFORNIA ⬧ OFFICE OF GOVERNOR XXXXX XXXXXX EXHIBIT B FIRST AMENDMENT TO AGREEMENT
Appears in 1 contract
Samples: California Competes Tax Credit Allocation Agreement
Governing Law and Consent to Jurisdiction. This Agreement will be governed, construed, and enforced according to the laws of the State of California without regard to its conflict of laws rules. Each party hereby irrevocably consents to the exclusive jurisdiction and venue of any state court located within Sacramento County, State of California in connection with any matter arising out of this Agreement or the transactions contemplated under this Agreement. Remainder of the page is intentionally left blank. Signature page immediately follows. Governor’s Office of Business and Economic Development By: Name: Xxxxxxx Xxxx Xxxxx Xxxxxx Title: Chief Deputy Director Date: October 3122, 2017 2020 | 14:15 12:46 PDT TAXPAYER Telogiks LP Better Holdco, Inc. By: Name: Xxxxxxxx Xxxxxxxx Title: General Counsel Date: xxxxxxx xxxxxxx CFO October 2122, 2017 2020 | 13:27 12:18 PDT Better Mortgage Corporation By: Name: Xxxxxxxx Xxxxxxxx Title: General Counsel Date: October 22, 2020 | 12:18 PDT Exhibit A Milestones Taxpayer: Better Holdco, Inc. (Credit Recipient) and Better Mortgage Corporation 2019 Tax Year (Base) 2020 Tax Year 2021 Tax Year 2022 Tax Year 2023 Tax Year 2024 Tax Year Total Total California Full-Time Employees1 173 676 1,000 2,000 3,000 3,673 Net Increase of Full-Time Employees Compared to the Base Year 0 8 25 45 59 503 827 1,827 2,827 3,500 Minimum Annual Wage of California Full- Full-Time Employees Hired $45,000 50,000 $45,000 50,000 $45,000 50,000 $45,000 50,000 $45,000 50,000 Cumulative Average Annual Wage of California Full- Full-Time Employees Hired $60,000 72,500 $60,000 72,500 $60,000 72,500 $60,000 72,500 $60,000 72,500 Investments $50,000 0 $100,000 13,543,000 $100,000 5,402,000 $100,000 18,329,850 $100,000 18,154,088 $450,000 55,428,938 Tax Credit Allocation $0 2,000,000 $40,000 4,000,000 $100,000 6,500,000 $160,000 7,500,000 $100,000 5,000,000 $400,000 1 Determined on an annual full-time equivalent basis STATE OF CALIFORNIA OFFICE OF GOVERNOR XXXXXX X. XXXXX XX. GOVERNOR’S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT EXHIBIT B FIRST AMENDMENT TO AGREEMENT25,000,000
Appears in 1 contract
Samples: California Competes Tax Credit Allocation Agreement
Governing Law and Consent to Jurisdiction. This Agreement will be governed, construed, and enforced according to the laws of the State of California without regard to its conflict of laws rules. Each party hereby irrevocably consents to the exclusive jurisdiction and venue of any state court located within Sacramento County, State of California in connection with any matter arising out of this Agreement or the transactions contemplated under this Agreement. Remainder of the page is intentionally left blank. Signature page immediately follows. Governor’s Office of Business and Economic Development By: Name: Xxxxxxx Xxxx Title: Chief Deputy Director Date: October 31May 25, 2017 | 14:15 15:22 PDT TAXPAYER Telogiks LP Xxx Xxxxxx Corporation By: Name: Xxxxxxx Xxxxx Title: Date: xxxxxxx xxxxxxx CFO October 21Chief Financial Officer May 25, 2017 | 13:27 12:34 PDT Exhibit A Milestones Taxpayer: Xxx Xxxxxx Corporation 2015 Tax Year (Base) 2016 Tax Year 2017 Tax Year 2018 Tax Year 2019 Tax Year 2020 Tax Year Total Total California Full-Time Employees1 219 242 246 250 254 258 Net Increase of Full-Time Employees Compared to the Base Year 0 8 25 45 59 23 27 31 35 39 Minimum Annual Wage Salary of California Full-Time Employees Hired $30,000 $30,000 $30,000 $30,000 $30,000 Cumulative Average Annual Salary of California Full- Time Employees Hired $45,000 40,000 $45,000 40,000 $45,000 40,000 $45,000 40,000 $45,000 Cumulative Average Annual Wage of California Full- Time Employees Hired $60,000 $60,000 $60,000 $60,000 $60,000 40,000 Investments $50,000 2,100,000 $100,000 3,200,000 $100,000 3,200,000 $100,000 3,900,000 $100,000 110,000 $450,000 12,510,000 Tax Credit Allocation $0 119,000 $40,000 119,000 $100,000 119,000 $160,000 119,000 $100,000 119,000 $400,000 595,000 1 Determined on an annual full-time equivalent basis STATE OF CALIFORNIA OFFICE OF GOVERNOR XXXXXX X. XXXXX XX. DocuSign Envelope ID: 113AB49A-5C16-4F26-B870-79E3DF062F07 GOVERNOR’S ’ S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT STATE OF CALIFORNIA 🞟 OFFICE OF GOVERNOR XXXXX XXXXXX EXHIBIT B FIRST AMENDMENT TO AGREEMENT
Appears in 1 contract
Samples: California Competes Tax Credit Allocation Agreement
Governing Law and Consent to Jurisdiction. This Agreement will be governed, construed, and enforced according to the laws of the State of California without regard to its conflict of laws rules. Each party hereby irrevocably consents to the exclusive jurisdiction and venue of any state court located within Sacramento County, State of California in connection with any matter arising out of this Agreement or the transactions contemplated under this Agreement. Remainder of the page is intentionally left blank. Signature page immediately follows. Governor’s Office of Business and Economic Development By: Name: Xxxxxxx Xxxxxx Xxxx Title: Chief Deputy Director Date: October 3122, 2017 2018 | 14:15 14:36 PDT TAXPAYER Telogiks LP Infratech LLC By: Name: Xxxx Xxxxxxxx Title: Date: xxxxxxx xxxxxxx CFO President October 2116, 2017 2018 | 13:27 13:05 PDT Exhibit A Milestones Taxpayer: Infratech LLC 2017 Tax Year (Base) 2018 Tax Year 2019 Tax Year 2020 Tax Year 2021 Tax Year 2022 Tax Year Total Total California Full-Time Employees1 51 56 60 65 68 71 Net Increase of Full-Time Employees Compared to the Base Year 0 8 25 45 59 5 9 14 17 20 Minimum Annual Wage of California Full- Full-Time Employees Hired $45,000 31,900 $45,000 32,000 $45,000 32,000 $45,000 32,000 $45,000 32,000 Cumulative Average Annual Wage of California Full- Full-Time Employees Hired $60,000 42,000 $60,000 42,000 $60,000 42,000 $60,000 42,000 $60,000 42,000 Investments $50,000 $100,000 $100,000 $100,000 $100,000 325,000 $450,000 $490,000 $1,035,000 $2,000,000 $4,300,000 Tax Credit Allocation $0 30,000 $40,000 30,000 $100,000 30,000 $160,000 30,000 $100,000 30,000 $400,000 150,000 1 Determined on an annual full-time equivalent basis STATE OF CALIFORNIA OFFICE OF GOVERNOR XXXXXX X. XXXXX XX. DocuSign Envelope ID: FA4573AA-4CB3-4086-B998-6CA98BC90A00 GOVERNOR’S ’ S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT STATE OF CALIFORNIA 🞟 OFFICE OF GOVERNOR XXXXX XXXXXX EXHIBIT B FIRST AMENDMENT TO AGREEMENT
Appears in 1 contract
Samples: California Competes Tax Credit Allocation Agreement
Governing Law and Consent to Jurisdiction. This Agreement will be governed, construed, and enforced according to the laws of the State of California without regard to its conflict of laws rules. Each party hereby irrevocably consents to the exclusive jurisdiction and venue of any state court located within Sacramento County, State of California in connection with any matter arising out of this Agreement or the transactions contemplated under this Agreement. Remainder of the page is intentionally left blank. Signature page immediately follows. Governor’s Office of Business and Economic Development By: Name: Xxxxxxx Xxxx Title: Chief Deputy Director Date: October 31, 2017 | 14:15 14:12 PDT TAXPAYER Telogiks LP Xxxx Nanotechnologies, Inc. By: Name: Xxxx Xxxxxxxxxxxx Title: Date: xxxxxxx xxxxxxx CFO CEO October 2123, 2017 | 13:27 16:57 PDT Exhibit A Milestones Taxpayer: Xxxx Nanotechnologies, Inc. 2016 Tax Year (Base) 2017 Tax Year 2018 Tax Year 2019 Tax Year 2020 Tax Year 2021 Tax Year Total Total California Full-Time Employees1 27 47 53 89 176 240 Net Increase of Full-Time Employees Compared to the Base Year 0 8 25 45 59 20 26 62 149 213 Minimum Annual Wage of California Full- Full-Time Employees Hired $45,000 40,000 $45,000 40,000 $45,000 40,000 $45,000 40,000 $45,000 40,000 Cumulative Average Annual Wage of California Full- Full-Time Employees Hired $60,000 64,000 $60,000 64,000 $60,000 64,000 $60,000 64,000 $60,000 64,000 Investments $50,000 3,000,000 $100,000 10,500,000 $100,000 25,000,000 $100,000 50,000,000 $100,000 50,000,000 $450,000 138,500,000 Tax Credit Allocation $0 $40,000 $100,000 $160,000 50,000 $100,000 350,000 $400,000 550,000 $450,000 $1,500,000 1 Determined on an annual full-time equivalent basis STATE OF CALIFORNIA OFFICE OF GOVERNOR XXXXXX X. XXXXX XX. DocuSign Envelope ID: 85E4A113-7FAB-4E98-BA21-C286ACDCBE9B GOVERNOR’S ’ S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT STATE OF CALIFORNIA ⬧ OFFICE OF GOVERNOR XXXXX XXXXXX EXHIBIT B FIRST AMENDMENT TO AGREEMENT
Appears in 1 contract
Samples: California Competes Tax Credit Allocation Agreement
Governing Law and Consent to Jurisdiction. This Agreement will be governed, construed, and enforced according to the laws of the State of California without regard to its conflict of laws rules. Each party hereby irrevocably consents to the exclusive jurisdiction and venue of any state court located within Sacramento County, State of California in connection with any matter arising out of this Agreement or the transactions contemplated under this Agreement. Remainder of the page is intentionally left blank. Signature page immediately follows. Governor’s Office of Business and Economic Development By: Name: Xxxxxxx Xxxx Title: Chief Deputy Director Date: October Ockober 31, 2017 | 14:15 14:12 PDT TAXPAYER Telogiks LP Hi-Tech Emergency Vehicle Service, Inc. By: Name: Title: Date: xxxxxxx xxxxxxx CFO October 21Xxxxx Xxxxxxx Xxxxx Xxxxxxx Ockober 23, 2017 | 13:27 16:15 PDT Exhibit A Milestones Taxpayer: Hi-Tech Emergency Vehicle Service, Inc. 2016 Tax Year (Base) 2017 Tax Year 2018 Tax Year 2019 Tax Year 2020 Tax Year 2021 Tax Year Total Total California Full-Time Employees1 44 45 50 55 59 64 Net Increase of Full-Time Employees Compared to the Base Year 0 8 25 45 59 1 6 11 15 20 Minimum Annual Wage of California Full- Time Employees Hired $45,000 33,280 $45,000 33,280 $45,000 33,280 $45,000 33,280 $45,000 33,280 Cumulative Average Annual Wage of California Full- Time Employees Hired $60,000 41,600 $60,000 41,600 $60,000 41,600 $60,000 41,600 $60,000 41,600 Investments $50,000 0 $100,000 250,000 $100,000 1,000,000 $100,000 500,000 $100,000 300,000 $450,000 2,050,000 Tax Credit Allocation $0 25,000 $40,000 125,000 $125,000 $100,000 $160,000 125,000 $100,000 $400,000 500,000 1 Determined on an annual full-time equivalent basis STATE OF CALIFORNIA OFFICE OF GOVERNOR XXXXXX X. XXXXX XX. DocuSign Envelope ID: 7F2F3E5A-5708-4CF0-936E-086BE164913D GOVERNOR’S ’ S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT STATE OF CALIFORNIA ⬧ OFFICE OF GOVERNOR XXXXX XXXXXX EXHIBIT B FIRST AMENDMENT TO AGREEMENT
Appears in 1 contract
Samples: California Competes Tax Credit Allocation Agreement
Governing Law and Consent to Jurisdiction. This Agreement will be governed, construed, and enforced according to the laws of the State of California without regard to its conflict of laws rules. Each party hereby irrevocably consents to the exclusive jurisdiction and venue of any state court located within Sacramento County, State of California in connection with any matter arising out of this Agreement or the transactions contemplated under this Agreement. Remainder of the page is intentionally left blank. Signature page immediately follows. Governor’s Office of Business and Economic Development By: Name: Xxxxxxx Xxxx Xxxxx Xxxxxxxxxx Title: Chief Deputy Director Date: October 3125, 2017 2019 | 14:15 15:19 PDT TAXPAYER Telogiks LP Northrop Grumman Systems Corporation By: Name: Xxxxx X. Xxxxxx Title: Date: xxxxxxx xxxxxxx CFO Vice President - Tax October 2125, 2017 2019 | 13:27 07:53 PDT Exhibit A Milestones Taxpayer: Northrop Grumman Systems Corporation 2014 Tax Year (Base) 2019 Tax Year 2020 Tax Year 2021 Tax Year 2022 Tax Year 2023 Tax Year Total Total California Full-Time Employees1 21,560 23,416 23,764 23,920 23,920 23,920 Total California Full-Time Employees1 from Prior CCTC Agreement 21,560 22,919 22,919 22,919 22,919 22,919 Net Increase of Full-Time Employees Compared to the Base Year 0 8 25 45 59 for this Agreement 497 845 1,001 1,001 1,001 Minimum Annual Wage of California Full- Full-Time Employees Hired $45,000 48,000 $45,000 48,000 $45,000 48,000 $45,000 48,000 $45,000 48,000 Cumulative Average Annual Wage of California Full- Full-Time Employees Hired $60,000 75,000 $60,000 75,000 $60,000 75,000 $60,000 75,000 $60,000 75,000 Investments from Prior CCTC Agreement $50,000 22,700,000 $100,000 0 $100,000 0 $100,000 0 $100,000 0 Additional Investments for this Agreement $450,000 364,000,000 $451,000,000 $332,000,000 $0 $0 $1,147,000,000 Tax Credit Allocation from Prior CCTC Agreement $1,000,000 $0 $0 $0 $0 Tax Credit Allocation $0 5,000,000 $40,000 10,000,000 $100,000 10,000,000 $160,000 2,500,000 $100,000 2,500,000 $400,000 30,000,000 1 Determined on an annual full-time equivalent basis STATE OF CALIFORNIA OFFICE OF GOVERNOR XXXXXX X. XXXXX XX. GOVERNOR’S ’ S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT STATE OF CALIFORNIA 🞟 OFFICE OF GOVERNOR XXXXX XXXXXX EXHIBIT B FIRST AMENDMENT TO AGREEMENT
Appears in 1 contract
Samples: California Competes Tax Credit Allocation Agreement
Governing Law and Consent to Jurisdiction. This Agreement will be governed, construed, and enforced according to the laws of the State of California without regard to its conflict of laws rules. Each party hereby irrevocably consents to the exclusive jurisdiction and venue of any state court located within Sacramento County, State of California in connection with any matter arising out of this Agreement or the transactions contemplated under this Agreement. Remainder of the page is intentionally left blank. Signature page immediately follows. Governor’s Office of Business and Economic Development By: Name: Xxxxxxx Xxxx Title: Chief Deputy Director Date: October 31May 26, 2017 | 14:15 09:30 PDT TAXPAYER Telogiks LP Boehringer Ingelheim Fremont, Inc. By: Name: Xxxxx Xxx Title: Date: xxxxxxx xxxxxxx CFO October 21Direckor, Finance May 26, 2017 | 13:27 09:01 PDT Exhibit A Milestones Taxpayer: Boehringer Ingelheim Fremont, Inc. 2016 Tax Year (Base) 2017 Tax Year 2018 Tax Year 2019 Tax Year 2020 Tax Year 2021 Tax Year Total Total California Full-Time Employees1 367 439 514 577 611 625 Net Increase of Full-Time Employees Compared to the Base Year 0 8 25 45 59 72 147 210 244 258 Minimum Annual Wage Salary of California Full- Full-Time Employees Hired $45,000 40,000 $45,000 40,000 $45,000 40,000 $45,000 40,000 $45,000 40,000 Cumulative Average Annual Wage Salary of California Full- Full-Time Employees Hired $60,000 70,000 $60,000 70,000 $60,000 70,000 $60,000 70,000 $60,000 70,000 Investments $50,000 34,000,000 $100,000 30,000,000 $100,000 20,000,000 $100,000 19,000,000 $100,000 19,000,000 $450,000 122,000,000 Tax Credit Allocation $0 1,500,000 $40,000 1,500,000 $100,000 1,500,000 $160,000 1,500,000 $100,000 1,500,000 $400,000 7,500,000 1 Determined on an annual full-time equivalent basis STATE OF CALIFORNIA OFFICE OF GOVERNOR XXXXXX X. XXXXX XX. DocuSign Envelope ID: 18DC2C78-82CD-4D13-BA34-CCACA66FFD57 GOVERNOR’S ’ S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT STATE OF CALIFORNIA ⬧ OFFICE OF GOVERNOR XXXXX XXXXXX EXHIBIT B FIRST AMENDMENT TO AGREEMENT
Appears in 1 contract
Samples: California Competes Tax Credit Allocation Agreement
Governing Law and Consent to Jurisdiction. This Agreement will be governed, construed, and enforced according to the laws of the State of California without regard to its conflict of laws rules. Each party hereby irrevocably consents to the exclusive jurisdiction and venue of any state court located within Sacramento County, State of California in connection with any matter arising out of this Agreement or the transactions contemplated under this Agreement. Remainder of the page is intentionally left blank. Signature page immediately follows. Governor’s Office of Business and Economic Development By: Name: Xxxxxxx Xxxxxx Xxxx Title: Chief Deputy Director Date: October 31March 26, 2017 2018 | 14:15 14:28 PDT TAXPAYER Telogiks LP AllConnected, Inc. By: Name: Xxxx XxXxxxxx Title: Date: xxxxxxx xxxxxxx CFO October 21President March 16, 2017 2018 | 13:27 18:10 PDT Exhibit A Milestones Net Increase of Taxpayer: AllConnected, Inc. 2017 Tax Year (Base) 2018 Tax Year 2019 Tax Year 2020 Tax Year 2021 Tax Year 2022 Tax Year Total Total California Full-Time Employees Compared to the Base Year 0 8 Employees1 14 15 18 25 45 59 34 46 Minimum Annual Wage of California Full- Time Employees Hired $45,000 31,000 $45,000 31,000 $45,000 31,000 $45,000 31,200 $45,000 31,200 Cumulative Average Annual Wage of California Full- Time Employees Hired $60,000 31,000 $60,000 $60,000 $60,000 $60,000 Investments $50,000 30,000 $100,000 40,000 $100,000 55,000 $100,000 80,000 $100,000 90,000 $450,000 295,000 Tax Credit Allocation $0 10,000 $40,000 30,000 $100,000 70,000 $160,000 80,000 $100,000 110,000 $400,000 300,000 1 Determined on an annual full-time equivalent basis STATE OF CALIFORNIA OFFICE OF GOVERNOR XXXXXX X. XXXXX XX. DocuSign Envelope ID: AD73C183-BA4C-4F7F-A39D-8D7C0CE0E9F9 GOVERNOR’S ’ S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT STATE OF CALIFORNIA 🞟 OFFICE OF GOVERNOR XXXXX XXXXXX EXHIBIT B FIRST AMENDMENT TO AGREEMENT
Appears in 1 contract
Samples: California Competes Tax Credit Allocation Agreement
Governing Law and Consent to Jurisdiction. This Agreement will be governed, construed, and enforced according to the laws of the State of California without regard to its conflict of laws rules. Each party hereby irrevocably consents to the exclusive jurisdiction and venue of any state court located within Sacramento County, State of California in connection with any matter arising out of this Agreement or the transactions contemplated under this Agreement. Remainder of the page is intentionally left blank. Signature page immediately follows. Governor’s Office of Business and Economic Development By: Name: Xxxxxxx Xxxx Title: Chief Deputy Director Date: October 31, 2017 | 14:15 14:18 PDT TAXPAYER Telogiks LP ALOM Technologies Corporation By: Name: Title: Date: xxxxxxx xxxxxxx CFO Xxxxxx Xxxx CEO October 2120, 2017 | 13:27 14:41 PDT Exhibit A Milestones Taxpayer: ALOM Technologies Corporation 2016 Tax Year (Base) 2017 Tax Year 2018 Tax Year 2019 Tax Year 2020 Tax Year 2021 Tax Year Total Total California Full-Time Employees1 74 81 104 129 156 185 Net Increase of Full-Time Employees Compared to the Base Year 0 8 25 45 59 7 30 55 82 111 Minimum Annual Wage of California Full- Time Employees Hired $45,000 30,000 $45,000 30,000 $45,000 30,000 $45,000 30,000 $45,000 30,000 Cumulative Average Annual Wage of California Full- Time Employees Hired $60,000 70,000 $60,000 70,000 $60,000 70,000 $60,000 70,000 $60,000 70,000 Investments $50,000 340,000 $100,000 340,000 $100,000 360,000 $100,000 $100,000 390,000 $450,000 $1,880,000 Tax Credit Allocation $0 $40,000 $100,000 $160,000 225,000 $100,000 225,000 $400,000 225,000 $225,000 $1,000,000 1 Determined on an annual full-time equivalent basis STATE OF CALIFORNIA OFFICE OF GOVERNOR XXXXXX X. XXXXX XX. DocuSign Envelope ID: 86BE80E3-BA4E-4A0C-ADF5-0B9FFD92CDBF GOVERNOR’S ’ S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT STATE OF CALIFORNIA ⬧ OFFICE OF GOVERNOR XXXXX XXXXXX EXHIBIT B FIRST AMENDMENT TO AGREEMENT
Appears in 1 contract
Samples: California Competes Tax Credit Allocation Agreement
Governing Law and Consent to Jurisdiction. This Agreement will be governed, construed, and enforced according to the laws of the State of California without regard to its conflict of laws rules. Each party hereby irrevocably consents to the exclusive jurisdiction and venue of any state court located within Sacramento County, State of California in connection with any matter arising out of this Agreement or the transactions contemplated under this Agreement. Remainder of the page is intentionally left blank. Signature page immediately follows. Governor’s Office of Business and Economic Development By: Name: Xxxxxxx Xxxx Title: Chief Deputy Director Date: October 31May 25, 2017 | 14:15 10:24 PDT TAXPAYER Telogiks LP 23 Bottle of Beer LLC By: Name: Title: Date: xxxxxxx xxxxxxx CFO October 21Xxxxxxx Xxxxxxx Owner May 22, 2017 | 13:27 20:24 PDT Exhibit A Milestones Taxpayer: 23 Bottles of Beer LLC 2016 Tax Year (Base) 2017 Tax Year 2018 Tax Year 2019 Tax Year 2020 Tax Year 2021 Tax Year Total Total California Full-Time Employees1 46 48 61 103 112 116 Net Increase of Full-Time Employees Compared to the Base Year 0 8 25 45 59 2 15 57 66 70 Minimum Annual Wage Salary of California Full- Full-Time Employees Hired $45,000 35,000 $45,000 35,000 $45,000 35,000 $45,000 35,000 $45,000 35,000 Cumulative Average Annual Wage Salary of California Full- Full-Time Employees Hired $60,000 42,000 $60,000 42,000 $60,000 42,000 $60,000 42,000 $60,000 42,000 Investments $50,000 15,500,000 $100,000 28,445,303 $100,000 500,000 $100,000 200,000 $100,000 0 $450,000 44,645,303 Tax Credit Allocation $0 200,000 $40,000 400,000 $600,000 $200,000 $100,000 $160,000 $100,000 $400,000 1,500,000 1 Determined on an annual full-time equivalent basis STATE OF CALIFORNIA OFFICE OF GOVERNOR XXXXXX X. XXXXX XX. DocuSign Envelope ID: B45E0996-DBA1-4C25-B1B2-7FB2D77B3977 GOVERNOR’S ’ S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT STATE OF CALIFORNIA ⬧ OFFICE OF GOVERNOR XXXXX XXXXXX EXHIBIT B FIRST AMENDMENT TO AGREEMENT
Appears in 1 contract
Samples: California Competes Tax Credit Allocation Agreement
Governing Law and Consent to Jurisdiction. This Agreement will be governed, construed, and enforced according to the laws of the State of California without regard to its conflict of laws rules. Each party hereby irrevocably consents to the exclusive jurisdiction and venue of any state court located within Sacramento County, State of California in connection with any matter arising out of this Agreement or the transactions contemplated under this Agreement. Remainder of the page is intentionally left blank. Signature page immediately follows. Governor’s Office of Business and Economic Development By: Name: Xxxxxxx Xxxxxx Xxxx Title: Chief Deputy Director Date: October 31March 26, 2017 2018 | 14:15 14:22 PDT TAXPAYER Telogiks LP Transform Partners LLC By: Name: Firak Ozkan Title: Date: xxxxxxx xxxxxxx CFO October 21VP Sa1es & Markeking March 20, 2017 2018 | 13:27 14:43 PDT Exhibit A Milestones Taxpayer: Transform Partners LLC 2017 Tax Year (Base) 2018 Tax Year 2019 Tax Year 2020 Tax Year 2021 Tax Year 2022 Tax Year Total Total California Full-Time Employees1 47 50 61 73 83 88 Net Increase of Full-Time Employees Compared to the Base Year 0 8 25 45 59 3 14 26 36 41 Minimum Annual Wage of California Full- Full-Time Employees Hired $45,000 35,000 $45,000 35,000 $45,000 35,000 $45,000 35,000 $45,000 35,000 Cumulative Average Annual Wage of California Full- Full-Time Employees Hired $60,000 54,000 $60,000 54,000 $60,000 54,000 $60,000 54,000 $60,000 54,000 Investments $111,750 $10,319,000 $50,000 $100,000 14,000 $100,000 34,000 $100,000 $100,000 $450,000 10,528,750 Tax Credit Allocation $0 75,000 $40,000 265,000 $100,000 285,000 $160,000 250,000 $100,000 125,000 $400,000 1,000,000 1 Determined on an annual full-time equivalent basis DocuSign Envelope ID: 8BE3681B-225F-49F8-8E69-F25BFEBD7846 GOVERNOR’ S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT STATE OF CALIFORNIA OFFICE OF GOVERNOR XXXXX XXXXXX X. XXXXX XX. GOVERNOR’S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT EXHIBIT B FIRST AMENDMENT TO AGREEMENTAGREEMENT 1. The Governor’s Office of Business and Economic Development and Transform Partners LLC (collectively referred to as Parties) are parties to an agreement that became effective on April 12, 2018 (Agreement). After executing the Agreement, Transform Partners LLC realized that it had inadvertently miscalculated the number of full-time employees employed during its base year.
Appears in 1 contract
Samples: California Competes Tax Credit Allocation Agreement
Governing Law and Consent to Jurisdiction. This Agreement will be governed, construed, and enforced according to the laws of the State of California without regard to its conflict of laws rules. Each party hereby irrevocably consents to the exclusive jurisdiction and venue of any state court located within Sacramento County, State of California in connection with any matter arising out of this Agreement or the transactions contemplated under this Agreement. Remainder of the page is intentionally left blank. Signature page immediately follows. Governor’s Office of Business and Economic Development By: Name: Xxxxxxx Xxxx Xxxxx Xxxxxxxxxx Title: Chief Deputy Acting Director Date: October 31June 1, 2017 2020 | 14:15 09:04 PDT TAXPAYER Telogiks LP Swift Media Entertainment, Inc. By: Name: Title: Date: xxxxxxx xxxxxxx CFO October 21Xxxxxx Xxxx VP of Operations May 26, 2017 2020 | 13:27 11:24 PDT Solomid Corporation By: Name: Title: Date: Xxxxxx Xxxx VP of Operations May 26, 2020 | 11:24 PDT TSM LOL, Inc. By: Name: Title: Date: Xxxxxx Xxxx VP of Operations May 26, 2020 | 11:24 PDT Icon Media Talent LLC By: Name: Title: Date: Xxxxxx Xxxx VP of Operations May 26, 2020 | 11:24 PDT Exhibit A Milestones Taxpayer: Swift Media Entertainment, Inc. (credit recipient), et al. 2019 Tax Year (Base) 2020 Tax Year 2021 Tax Year 2022 Tax Year 2023 Tax Year 2024 Tax Year Total Total California Full-Time Employees1 53 66 75 86 102 116 Net Increase of Full-Time Employees Compared to the Base Year 0 8 25 45 59 13 22 33 49 63 Minimum Annual Wage of California Full- Full-Time Employees Hired $45,000 40,000 $45,000 40,000 $45,000 40,000 $45,000 40,000 $45,000 40,000 Cumulative Average Annual Wage of California Full- Full-Time Employees Hired $60,000 63,000 $60,000 63,000 $60,000 63,000 $60,000 63,000 $60,000 63,000 Investments $50,000 350,000 $100,000 1,375,000 $100,000 2,070,000 $100,000 1,420,000 $100,000 1,420,000 $450,000 6,635,000 Tax Credit Allocation $0 225,000 $40,000 225,000 $100,000 225,000 $160,000 225,000 $100,000 225,000 $400,000 1 Determined on an annual full-time equivalent basis STATE OF CALIFORNIA OFFICE OF GOVERNOR XXXXXX X. XXXXX XX. GOVERNOR’S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT EXHIBIT B FIRST AMENDMENT TO AGREEMENT1,125,000
Appears in 1 contract
Samples: California Competes Tax Credit Allocation Agreement
Governing Law and Consent to Jurisdiction. This Agreement will be governed, construed, and enforced according to the laws of the State of California without regard to its conflict of laws rules. Each party hereby irrevocably consents to the exclusive jurisdiction and venue of any state court located within Sacramento County, State of California in connection with any matter arising out of this Agreement or the transactions contemplated under this Agreement. Remainder of the page is intentionally left blank. Signature page immediately follows. Governor’s Office of Business and Economic Development By: Name: Xxxxxxx Xxxx Xxxxx Xxxxxxxxxx Title: Chief Deputy Director Date: October 31April 6, 2017 2020 | 14:15 10:36 PDT TAXPAYER Telogiks LP Universal Standard Housing LLC By: Name: Title: Date: xxxxxxx xxxxxxx CFO October 21Xxxx Xxxxxxxxx Managing Member April 3, 2017 2020 | 13:27 14:32 PDT USH Builders LLC By: Name: Title: Date: Xxxx Xxxxxxxxx Managing Member April 3, 2020 | 14:32 PDT USH Life, Inc. By: Name: Title: Date: Xxxx Xxxxxxxxx Managing Member April 3, 2020 | 14:32 PDT Taxpayer: Exhibit A Milestones Universal Standard Housing LLC (Credit Recipient), USH Builders LLC, and USH Life, Inc. 2019 Tax Year (Base) 2020 Tax Year 2021 Tax Year 2022 Tax Year 2023 Tax Year 2024 Tax Year Total Total California Full-Time Employees1 12 32 171 373 506 572 Net Increase of Full-Time Employees Compared to the Base Year 0 8 25 45 59 20 159 361 494 560 Minimum Annual Wage of California Full- Full-Time Employees Hired $35,000 $35,000 $35,000 $35,000 $35,000 Cumulative Average Annual Wage of California Full-Time Employees Hired $45,000 $45,000 $45,000 $45,000 $45,000 Cumulative Average Annual Wage of California Full- Time Employees Hired $60,000 $60,000 $60,000 $60,000 $60,000 Investments $50,000 10,000,000 $100,000 20,000,000 $100,000 20,000,000 $100,000 20,000,000 $100,000 30,000,000 $450,000 100,000,000 Tax Credit Allocation $0 1,000,000 $40,000 4,000,000 $100,000 6,100,000 $160,000 4,100,000 $100,000 2,038,000 $400,000 1 Determined on an annual full-time equivalent basis STATE OF CALIFORNIA OFFICE OF GOVERNOR XXXXXX X. XXXXX XX. GOVERNOR’S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT EXHIBIT B FIRST AMENDMENT TO AGREEMENT17,238,000
Appears in 1 contract
Samples: California Competes Tax Credit Allocation Agreement
Governing Law and Consent to Jurisdiction. This Agreement will be governed, construed, and enforced according to the laws of the State of California without regard to its conflict of laws rules. Each party hereby irrevocably consents to the exclusive jurisdiction and venue of any state court located within Sacramento County, State of California in connection with any matter arising out of this Agreement or the transactions contemplated under this Agreement. Remainder of the page is intentionally left blank. Signature page immediately follows. Governor’s Office of Business and Economic Development By: Name: Xxxxxxx Xxxx Title: Chief Deputy Director Date: October 31May 25, 2017 | 14:15 10:10 PDT TAXPAYER Telogiks LP Gemini Duplication, Inc. By: Name: Xxxx Xxxxxxxxx Title: Finance Director Date: xxxxxxx xxxxxxx CFO October 21May 23, 2017 | 13:27 13:00 PDT Exhibit A Milestones Taxpayer: Gemini Duplication, Inc. 2016 Tax Year (Base) 2017 Tax Year 2018 Tax Year 2019 Tax Year 2020 Tax Year 2021 Tax Year Total Total California Full-Time Employees1 93 94 98 100 120 127 Net Increase of Full-Time Employees Compared to the Base Year 0 8 25 45 59 1 5 7 27 34 Minimum Annual Wage Salary of California Full- Time Employees Hired $45,000 30,000 $45,000 30,000 $45,000 30,000 $45,000 30,000 $45,000 30,000 Cumulative Average Annual Wage Salary of California Full- Time Employees Hired $60,000 34,000 $60,000 34,000 $60,000 34,000 $60,000 34,000 $60,000 34,000 Investments $50,000 115,000 $140,000 $235,000 $215,000 $100,000 $100,000 $100,000 $100,000 $450,000 805,000 Tax Credit Allocation $0 27,000 $40,000 27,000 $100,000 27,000 $160,000 27,000 $100,000 27,000 $400,000 135,000 1 Determined on an annual full-time equivalent basis STATE OF CALIFORNIA OFFICE OF GOVERNOR XXXXXX X. XXXXX XX. DocuSign Envelope ID: AFD14B1E-7ABA-4CB0-AC32-2CCCDAF150FA GOVERNOR’S ’ S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT STATE OF CALIFORNIA ⬧ OFFICE OF GOVERNOR XXXXX XXXXXX EXHIBIT B FIRST AMENDMENT TO AGREEMENT
Appears in 1 contract
Samples: California Competes Tax Credit Allocation Agreement
Governing Law and Consent to Jurisdiction. This Agreement will be governed, construed, and enforced according to the laws of the State of California without regard to its conflict of laws rules. Each party hereby irrevocably consents to the exclusive jurisdiction and venue of any state court located within Sacramento County, State of California in connection with any matter arising out of this Agreement or the transactions contemplated under this Agreement. Remainder of the page is intentionally left blank. Signature page immediately follows. Governor’s Office of Business and Economic Development By: Name: Xxxxxxx Xxxx Title: Chief Deputy Director Date: October Ockober 31, 2017 | 14:15 14:26 PDT TAXPAYER Telogiks LP Retrophin, Inc. By: Name: Title: Date: xxxxxxx xxxxxxx CFO October 21Xxxxx C1ague Chief Financia1 Officer Ockober 19, 2017 | 13:27 17:22 PDT Exhibit A Milestones Taxpayer: Retrophin, Inc. 2016 Tax Year (Base) 2017 Tax Year 2018 Tax Year 2019 Tax Year 2020 Tax Year 2021 Tax Year Total Total California Full-Time Employees1 54 89 132 154 174 194 Net Increase of Full-Time Employees Compared to the Base Year 0 8 25 45 59 35 78 100 120 140 Minimum Annual Wage of California Full- Time Employees Hired $45,000 65,000 $45,000 65,000 $45,000 65,000 $45,000 65,000 $45,000 65,000 Cumulative Average Annual Wage of California Full- Time Employees Hired $60,000 175,000 $60,000 175,000 $60,000 175,000 $60,000 175,000 $60,000 175,000 Investments $50,000 $100,000 300,000 $100,000 50,000 $100,000 50,000 $100,000 50,000 $450,000 500,000 Tax Credit Allocation $0 $40,000 $100,000 $160,000 $100,000 400,000 $400,000 $400,000 $400,000 $400,000 $2,000,000 1 Determined on an annual full-time equivalent basis STATE OF CALIFORNIA OFFICE OF GOVERNOR XXXXXX X. XXXXX XX. DocuSign Envelope ID: 491C4167-3C4F-4485-94B2-D983237BA3C2 GOVERNOR’S ’ S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT STATE OF CALIFORNIA ⬧ OFFICE OF GOVERNOR XXXXX XXXXXX EXHIBIT B FIRST AMENDMENT TO AGREEMENT
Appears in 1 contract
Samples: California Competes Tax Credit Allocation Agreement
Governing Law and Consent to Jurisdiction. This Agreement will be governed, construed, and enforced according to the laws of the State of California without regard to its conflict of laws rules. Each party hereby irrevocably consents to the exclusive jurisdiction and venue of any state court located within Sacramento County, State of California in connection with any matter arising out of this Agreement or the transactions contemplated under this Agreement. Remainder of the page is intentionally left blank. Signature page immediately follows. Governor’s Office of Business and Economic Development By: Name: Xxxxxxx Xxxx Title: Chief Deputy Director Date: October 31, 2017 | 14:15 14:21 PDT TAXPAYER Telogiks LP TenCate Advanced Composites USA, Inc. By: Name: Xxxxxxx X. Xxxxxxx Title: Date: xxxxxxx xxxxxxx CFO CFO, TCAC USA, Inc. October 2120, 2017 | 13:27 13:18 PDT Exhibit A Milestones Taxpayer: TenCate Advanced Composites USA, Inc. 2016 Tax Year (Base) 2017 Tax Year 2018 Tax Year 2019 Tax Year 2020 Tax Year 2021 Tax Year Total Total California Full-Time Employees1 220 240 245 255 263 267 Net Increase of Full-Time Employees Compared to the Base Year 0 8 20 25 45 59 35 43 47 Minimum Annual Wage of California Full- Time Employees Hired $45,000 30,000 $45,000 30,000 $45,000 30,000 $45,000 30,000 $45,000 30,000 Cumulative Average Annual Wage of California Full- Time Employees Hired $60,000 35,000 $60,000 35,000 $60,000 35,000 $60,000 35,000 $60,000 35,000 Investments $50,000 2,260,000 $2,314,000 $0 $0 $0 $4,574,000 Tax Credit Allocation $100,000 $100,000 $100,000 $100,000 $450,000 Tax Credit Allocation $0 $40,000 $100,000 $160,000 $100,000 $400,000 500,000 1 Determined on an annual full-time equivalent basis STATE OF CALIFORNIA ⬧ OFFICE OF GOVERNOR XXXXX XXXXXX X. XXXXX XX. GOVERNOR’S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT EXHIBIT B FIRST AMENDMENT TO AGREEMENTDEVELOPMENT
Appears in 1 contract
Samples: California Competes Tax Credit Allocation Agreement
Governing Law and Consent to Jurisdiction. This Agreement will be governed, construed, and enforced according to the laws of the State of California without regard to its conflict of laws rules. Each party hereby irrevocably consents to the exclusive jurisdiction and venue of any state court located within Sacramento County, State of California in connection with any matter arising out of this Agreement or the transactions contemplated under this Agreement. Remainder of the page is intentionally left blank. Signature page immediately follows. Governor’s Office of Business and Economic Development By: Name: Xxxxxxx Xxxx Title: Chief Deputy Director Date: October 31, 2017 | 14:15 14:14 PDT TAXPAYER Telogiks LP ReAction Optics, Inc. By: Name: Title: Date: xxxxxxx xxxxxxx CFO Xxxx Xxxxxxx COO October 2123, 2017 | 13:27 08:30 PDT Taxpayer: ReAction Optics, Inc. Exhibit A Milestones Net Increase of 2016 Tax Year (Base) 2017 Tax Year 2018 Tax Year 2019 Tax Year 2020 Tax Year 2021 Tax Year Total Total California Full-Time Employees Compared to the Base Year Employees1 0 8 25 45 59 3 12 19 24 26 Minimum Annual Wage of California Full- Time Employees Hired $45,000 33,000 $45,000 33,000 $45,000 33,000 $45,000 33,000 $45,000 33,000 Cumulative Average Annual Wage of California Full- Time Employees Hired $60,000 40,000 $60,000 40,000 $60,000 40,000 $60,000 40,000 $60,000 40,000 Investments $50,000 2,160,000 $100,000 99,000 $100,000 120,000 $100,000 139,000 $100,000 129,000 $450,000 2,647,000 Tax Credit Allocation $0 66,000 $40,000 66,000 $100,000 66,000 $160,000 66,000 $100,000 66,000 $400,000 330,000 1 Determined on an annual full-time equivalent basis STATE OF CALIFORNIA DocuSign Envelope ID: X0XX0X00-00XX-0XX0-XX00-X00X00X000X0 XXXXX XX XXXXXXXXXX 🞟 OFFICE OF GOVERNOR XXXXXX X. XXXXX XX. GOVERNOR’S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT EXHIBIT B FIRST AMENDMENT TO AGREEMENTDEVELOPMENT
Appears in 1 contract
Samples: California Competes Tax Credit Allocation Agreement
Governing Law and Consent to Jurisdiction. This Agreement will be governed, construed, and enforced according to the laws of the State of California without regard to its conflict of laws rules. Each party hereby irrevocably consents to the exclusive jurisdiction and venue of any state court located within Sacramento County, State of California in connection with any matter arising out of this Agreement or the transactions contemplated under this Agreement. Remainder of the page is intentionally left blank. Signature page immediately follows. Governor’s Office of Business and Economic Development By: Name: Xxxxxxx Xxxxxx Xxxx Title: Chief Deputy Director Date: October 31June 4, 2017 2018 | 14:15 10:49 PDT TAXPAYER Telogiks LP California Natural Products By: Name: Xxx Xxxxxxxxxx Title: Date: xxxxxxx xxxxxxx CFO October 21May 23, 2017 2018 | 13:27 13:23 PDT Exhibit A Milestones Taxpayer: California Natural Products 2016 Tax Year (Base) 2017 Tax Year 2018 Tax Year 2019 Tax Year 2020 Tax Year 2021 Tax Year Total Total California Full-Time Employees1 252 284 348 393 409 409 Net Increase of Full-Time Employees Compared to the Base Year 0 8 25 45 59 32 96 141 157 157 Minimum Annual Wage of California Full- Full-Time Employees Hired $33,000 $33,000 $33,000 $33,000 $33,000 Cumulative Average Annual Wage of California Full-Time Employees Hired $45,000 $45,000 $45,000 $45,000 $45,000 Cumulative Average Annual Wage of California Full- Time Employees Hired $60,000 $60,000 $60,000 $60,000 $60,000 Investments $50,000 0 $100,000 6,927,500 $100,000 6,000,000 $100,000 9,100,000 $100,000 0 $450,000 22,027,500 Tax Credit Allocation $0 350,000 $40,000 800,000 $100,000 575,000 $160,000 125,000 $100,000 125,000 $400,000 1,975,000 1 Determined on an annual full-time equivalent basis STATE OF CALIFORNIA OFFICE OF GOVERNOR XXXXXX X. XXXXX XX. DocuSign Envelope ID: 4708DAA4-6E4E-4697-A4CC-0235F206627F GOVERNOR’S ’ S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT STATE OF CALIFORNIA ⬧ OFFICE OF GOVERNOR XXXXX XXXXXX EXHIBIT B FIRST AMENDMENT TO AGREEMENTAGREEMENT 1. The Governor’s Office of Business and Economic Development and California Natural Products (collectively referred to as Parties) are parties to an agreement that became effective on June 18, 2018 (Agreement). After executing the Agreement, California Natural Products realized that it had inadvertently miscalculated the number of full-time employees employed during its base year.
Appears in 1 contract
Samples: California Competes Tax Credit Allocation Agreement
Governing Law and Consent to Jurisdiction. This Agreement will be governed, construed, and enforced according to the laws of the State of California without regard to its conflict of laws rules. Each party hereby irrevocably consents to the exclusive jurisdiction and venue of any state court located within Sacramento County, State of California in connection with any matter arising out of this Agreement or the transactions contemplated under this Agreement. Remainder of the page is intentionally left blank. Signature page immediately follows. Governor’s Office of Business and Economic Development By: Name: Xxxxxxx Xxxx Title: Chief Deputy Director Date: October 31, 2017 | 14:15 14:37 PDT TAXPAYER Telogiks LP ACC-GWG LLC By: Name: Title: Date: xxxxxxx xxxxxxx CFO Xxx Xxxxx Senior VP October 2127, 2017 | 13:27 11:02 PDT Exhibit A Milestones Net Increase of Taxpayer: ACC-GWG LLC 2016 Tax Year (Base) 2017 Tax Year 2018 Tax Year 2019 Tax Year 2020 Tax Year 2021 Tax Year Total Total California Full-Time Employees Compared to the Base Year 0 8 25 45 59 Employees1 80 81 83 83 84 85 Minimum Annual Wage of California Full- Time Employees Hired $45,000 34,000 $45,000 34,000 $45,000 34,000 $45,000 34,000 $45,000 34,000 Cumulative Average Annual Wage of California Full- Time Employees Hired $60,000 $60,000 $60,000 $60,000 $60,000 Investments $50,000 650,000 $100,000 1,000,000 $100,000 400,000 $100,000 400,000 $100,000 400,000 $450,000 2,850,000 Tax Credit Allocation $0 29,000 $40,000 29,000 $100,000 29,000 $160,000 29,000 $100,000 29,000 $400,000 145,000 1 Determined on an annual full-time equivalent basis STATE OF CALIFORNIA OFFICE OF GOVERNOR XXXXXX X. XXXXX XX. DocuSign Envelope ID: 0090784B-197C-47FC-9D13-CF049AAAAAE5 GOVERNOR’S ’ S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT STATE OF CALIFORNIA ⬧ OFFICE OF GOVERNOR XXXXX XXXXXX EXHIBIT B FIRST AMENDMENT TO AGREEMENT
Appears in 1 contract
Samples: California Competes Tax Credit Allocation Agreement
Governing Law and Consent to Jurisdiction. This Agreement will be governed, construed, and enforced according to the laws of the State of California without regard to its conflict of laws rules. Each party hereby irrevocably consents to the exclusive jurisdiction and venue of any state court located within Sacramento County, State of California in connection with any matter arising out of this Agreement or the transactions contemplated under this Agreement. Remainder of the page is intentionally left blank. Signature page immediately follows. Governor’s Office of Business and Economic Development By: Name: Xxxxxxx Xxxxxx Xxxx Title: Chief Deputy Director Date: October 31March 26, 2017 2018 | 14:15 14:20 PDT TAXPAYER Telogiks LP Affirm, Inc. By: Name: Xxxxxx Xxxxxxx Title: Date: xxxxxxx xxxxxxx CFO October 21VP Finance & Capital Markets March 14, 2017 2018 | 13:27 09:57 PDT Exhibit A Milestones Taxpayer: Affirm, Inc. 2016 Tax Year (Base) 2017 Tax Year 2018 Tax Year 2019 Tax Year 2020 Tax Year 2021 Tax Year Total Total California Full-Time Employees1 248 381 514 614 714 814 Net Increase of Full-Time Employees Compared to the Base Year 0 8 25 45 59 133 266 366 466 566 Minimum Annual Wage of California Full- Time Employees Hired $45,000 50,000 $45,000 50,000 $45,000 50,000 $45,000 50,000 $45,000 50,000 Cumulative Average Annual Wage of California Full- Time Employees Hired $60,000 $60,000 $60,000 $60,000 $60,000 Investments $50,000 100,000 $100,000 $100,000 $100,000 $100,000 Investments $450,000 334,000 $600,000 $1,000,000 $1,000,000 $1,000,000 $3,934,000 Tax Credit Allocation $0 950,000 $40,000 950,000 $100,000 700,000 $160,000 700,000 $100,000 700,000 $400,000 4,000,000 1 Determined on an annual full-time equivalent basis STATE OF CALIFORNIA OFFICE OF GOVERNOR XXXXXX X. XXXXX XX. DocuSign Envelope ID: D280C84D-1802-423C-ABCA-4915688E6EA2 GOVERNOR’S ’ S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT STATE OF CALIFORNIA 🞟 OFFICE OF GOVERNOR XXXXX XXXXXX EXHIBIT B FIRST AMENDMENT TO AGREEMENT
Appears in 1 contract
Samples: California Competes Tax Credit Allocation Agreement
Governing Law and Consent to Jurisdiction. This Agreement will be governed, construed, and enforced according to the laws of the State of California without regard to its conflict of laws rules. Each party hereby irrevocably consents to the exclusive jurisdiction and venue of any state court located within Sacramento County, State of California in connection with any matter arising out of this Agreement or the transactions contemplated under this Agreement. Remainder of the page is intentionally left blank. Signature page immediately follows. Governor’s Office of Business and Economic Development By: Name: Xxxxxxx Xxxx Title: Chief Deputy Director Date: October 31May 25, 2017 | 14:15 10:35 PDT TAXPAYER Telogiks LP Axiom Medical, Inc. By: Name: Dr. J. Xxx Xxxxxx Title: President Date: xxxxxxx xxxxxxx CFO October May 21, 2017 | 13:27 20:18 PDT Exhibit A Milestones Taxpayer: Axiom Medical, Inc. 2016 Tax Year (Base) 2017 Tax Year 2018 Tax Year 2019 Tax Year 2020 Tax Year 2021 Tax Year Total Total California Full-Time Employees1 22 25 27 29 31 33 Net Increase of Full-Time Employees Compared to the Base Year 0 8 25 45 59 3 5 7 9 11 Minimum Annual Wage Salary of California Full- Time Employees Hired $45,000 30,000 $45,000 30,000 $45,000 30,000 $45,000 30,000 $45,000 30,000 Cumulative Average Annual Wage Salary of California Full- Time Employees Hired $60,000 37,000 $60,000 37,000 $60,000 37,000 $60,000 37,000 $60,000 37,000 Investments $50,000 $100,000 $100,000 $100,000 50,000 $100,000 40,000 $450,000 340,000 Tax Credit Allocation $0 20,000 $40,000 20,000 $20,000 $20,000 $20,000 $100,000 $160,000 $100,000 $400,000 1 Determined on an annual full-time equivalent basis DocuSign Envelope ID: 0085222E-EC6E-41D8-B9BD-C5262D08264B STATE OF CALIFORNIA 🞟 OFFICE OF GOVERNOR XXXXX XXXXXX X. XXXXX XX. GOVERNOR’S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT EXHIBIT B FIRST AMENDMENT TO AGREEMENT
Appears in 1 contract
Samples: California Competes Tax Credit Allocation Agreement
Governing Law and Consent to Jurisdiction. This Agreement will be governed, construed, and enforced according to the laws of the State of California without regard to its conflict of laws rules. Each party hereby irrevocably consents to the exclusive jurisdiction and venue of any state court located within Sacramento County, State of California in connection with any matter arising out of this Agreement or the transactions contemplated under this Agreement. Remainder of the page is intentionally left blank. Signature page immediately follows. Governor’s Office of Business and Economic Development By: Name: Xxxxxxx Xxxx Title: Chief Deputy Director Date: October 31May 25, 2017 | 14:15 10:28 PDT TAXPAYER Telogiks LP All-Weather Architectural Aluminum, Inc. By: Name: Xxxx XxXxxxx Title: President Date: xxxxxxx xxxxxxx CFO October 21May 23, 2017 | 13:27 15:09 PDT Exhibit A Milestones Taxpayer: All-Weather Architectural Aluminum, Inc. 2016 Tax Year (Base) 2017 Tax Year 2018 Tax Year 2019 Tax Year 2020 Tax Year 2021 Tax Year Total Total California Full-Time Employees1 109 110 116 135 144 154 Net Increase of Full-Time Employees Compared to the Base Year 0 8 25 1 7 26 35 45 59 Minimum Annual Wage Salary of California Full- Time Employees Hired $45,000 30,000 $45,000 30,000 $45,000 30,000 $45,000 30,000 $45,000 30,000 Cumulative Average Annual Wage Salary of California Full- Time Employees Hired $60,000 34,000 $60,000 34,000 $60,000 34,000 $60,000 34,000 $60,000 34,000 Investments $50,000 1,135,000 $100,000 325,000 $100,000 420,000 $100,000 2,610,000 $100,000 260,000 $450,000 4,750,000 Tax Credit Allocation $0 45,000 $40,000 57,500 $100,000 57,500 $160,000 57,500 $100,000 57,500 $400,000 275,000 1 Determined on an annual full-time equivalent basis STATE OF CALIFORNIA OFFICE OF GOVERNOR XXXXXX X. XXXXX XX. DocuSign Envelope ID: F6ABEC88-6DF7-4472-AE5A-588830C0651D GOVERNOR’S ’ S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT STATE OF CALIFORNIA 🞟 OFFICE OF GOVERNOR XXXXX XXXXXX EXHIBIT B FIRST AMENDMENT TO AGREEMENT
Appears in 1 contract
Samples: California Competes Tax Credit Allocation Agreement
Governing Law and Consent to Jurisdiction. This Agreement will be governed, construed, and enforced according to the laws of the State of California without regard to its conflict of laws rules. Each party hereby irrevocably consents to the exclusive jurisdiction and venue of any state court located within Sacramento County, State of California in connection with any matter arising out of this Agreement or the transactions contemplated under this Agreement. Remainder of the page is intentionally left blank. Signature page immediately follows. Governor’s Office of Business and Economic Development By: Name: Xxxxxxx Xxxxxx Xxxx Title: Chief Deputy Director Date: October 31May 28, 2017 2019 | 14:15 08:55 PDT TAXPAYER Telogiks LP Xxxxxx Xxxxxxx Corporation By: Name: Xxxxxxxxx Xxxxxx Title: Date: xxxxxxx xxxxxxx CFO October 21May 22, 2017 2019 | 13:27 09:41 PDT Exhibit A Milestones Net Increase of Taxpayer: Xxxxxx Xxxxxxx Corporation 2016 Tax Year (Base) 2019 Tax Year 2020 Tax Year 2021 Tax Year 2022 Tax Year 2023 Tax Year Total Total California Full-Time Employees Compared to the Base Year 0 8 25 45 59 Employees1 246 276 285 294 303 311 Minimum Annual Wage of California Full- Full-Time Employees Hired $45,000 30,000 $45,000 35,000 $45,000 35,000 $45,000 35,000 $45,000 35,000 Cumulative Average Annual Wage of California Full- Full-Time Employees Hired $60,000 65,000 $60,000 65,000 $60,000 65,000 $60,000 65,000 $60,000 65,000 Additional Investments for this Agreement $50,000 0 $4,000,000 $4,000,000 $4,000,000 $3,000,000 $15,000,000 Tax Credit Allocation from Prior CCTC Agreement $100,000 $100,000 $100,000 $100,000 0 $450,000 0 $300,000 Tax Credit Allocation $0 $40,000 20,000 $100,000 $20,000 $200,000 $160,000 $100,000 $400,000 1 Determined on an annual full-time equivalent basis STATE OF CALIFORNIA OFFICE OF GOVERNOR XXXXXX X. XXXXX XX. GOVERNOR’S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT EXHIBIT B FIRST AMENDMENT TO AGREEMENT500,000
Appears in 1 contract
Samples: California Competes Tax Credit Allocation Agreement
