Incentive Grants. To induce East Fork to make the Direct Investment associated with the Project, to locate its expanded operations associated with the expanded employee base in Buncombe County and at its Facility, and to achieve the Jobs Minimum, the County commits to pay to East Fork a grant on the date specified below (“Future Incentive Payment”). This Incentive Grant shall be in the amount of Fifteen Thousand and No/100 ($15,000,00) Dollars. East Fork may be eligible for an additional Twenty‐Five Thousand Dollars should it meet additional hiring commitments. To meet these additional hiring commitments, East Fork must demonstrate its ability to hire from a disadvantaged population as defined in the Buncombe County Economic Development Policy (e.g., STEP Program, non‐violent offender). This documentation will be provided in the form of a certification letter. East Fork will receive a prorated incentive for each employee hired not to exceed Twenty‐Five Thousand dollars. Confirmation Date Disbursement Date Job Commitment Investment Commitment Buncombe County Grant Amount Buncombe County Hiring Grant April 30, 2022 June 30, 2022 30 $1,000,000 $0 $0 April 30, 2023 June 30, 2023 20 $1,386,000 $15,000 $25,000
Incentive Grants. Subject to the cap in section 3, to promote economy in the use of sick leave, and also to help insure against the benefit’s abuse, an incentive grant will be made to employees who have accumulated seven hundred-twenty (720) hours of sick leave. Upon such accumulation the employee may exchange up to two hundred forty (240) of those hours in the following manner: For each hour converted, the employee hired before 10/1/95 will receive one-half (1/2) hour’s pay; and the employee hired on or after 10/1/95 will receive one-quarter (1/4) hour’s pay. At an employee’s option, this time may be converted into compensatory time equivalent to the calculated cash payment. In no case will the employee’s accrued sick leave be reduced to below four hundred eighty (480) hours accumulation by the exercise of this provision. Only employees who have accumulated seven hundred twenty (720) hours may request this incentive, and no employee shall be allowed to accumulate more than seven hundred twenty (720) hours.
Incentive Grants. To induce Xx. Xxxxx, to make the Performance Commitments, as outlined in Section 2, the Authority agrees to provide Xx. Xxxxx with the following incentive grants (“Incentive Grants”) up to a total amount not to exceed THREE HUNDRED THOUSAND DOLLARS ($300,000.00), subject to appropriation of sufficient funds by the County, to be disbursed as follows:
Incentive Grants. To induce Burial Beer to make the Direct Investment associated with the Project, to locate its expanded operations associated with the expanded employee base at its Facility, and to achieve the Jobs Minimum, the County commits to pay to Burial Beer a grant on the date specified below (“Future Incentive Payment”). This Incentive Grant shall be in the amount of Ten Thousand Forty-Five and No/100 ($10,045.00) Dollars. Burial Beer must submit a Confirmation Letter by the Confirmation Date in order to be eligible for the incentive grants. The Confirmation Letter will include employment and investment filings the
Incentive Grants. To induce Nypro to make the Direct Investment associated with the Project, to locate its expanded operations associated with the expanded employee base at its Facility, and to achieve the Jobs Minimum, the County commits to pay to Nypro a grant on the date specified below (“Future Incentive Payment”). This Incentive Grant shall be in the amount of $170,000.00. Year Incentives 2020 $0.00 2021 $0.00 2022 $170,000.00 TOTAL $170,000.00
Incentive Grants. Pursuant to the Program, the County shall in accordance with and as provided by this Agreement, pay to Applicant an economic development grant (the “Grants”) in an amount equal to 85 percent of the increase in property tax paid by Applicant upon the actual assessed ad valorem tax value increase occasioned by construction of the New Investment at the Site. The County shall pay Grants to Applicant as follows:
Incentive Grants. The contractor will make incentive grants to participating communities to ensure maximum flexibility in implementing reform initiatives. The incentive grants may provide direct in-kind support such as equipment, software or other materials, or may cover expenses, through sub-contracts, for activities such as specialized technical assistance, consulting services, or public facility renovation.1 Incentive grants should be aligned with MOH workplans or strategies, and where possible, should include cost-share commitments. Decisions on incentive grants will take into consideration the degree to which the provision of such resources will contribute to disseminating interventions for the benefit of the community. The contractor will not make payments, transfer funds, or reimburse costs directly to local government entities. In addition to the activities described above, the activity must have the capacity to respond rapidly to unanticipated opportunities and obstacles as they arise, within the scope of the purpose and objectives. The Contractor will outline their approach to keeping abreast of changes in the situation on the ground and how they will maintain the flexibility to accommodate changes. In such cases, interventions may be altered, with USAID guidance and approval, to seize new opportunities. This reprogramming may not incur additional costs, unless specifically directed by USAID. The rapid response capacity may include, but is not limited to: 11 USAID activities involving construction or renovation are subject to the following ADS 303 supplementary guidance: xxxxx://xxx.xxxxx.xxx/ads/policy/300/303maw. “Construction” for purposes of this policy means: construction, alteration, or repair (including dredging and excavation) of buildings, structures, or other real property and includes, without limitation, improvements, renovation, alteration and refurbishment. The term includes, without limitation, roads, power plants, buildings, bridges, water treatment facilities, and vertical structures. rapid assessments; deployment of short-term technical advisors; logistical support to USAID or other stakeholders; training; sub-grant or sub-contract awards; or procurement of equipment, material or services.
Incentive Grants. Pursuant to the Program, the County shall in accordance with and as provided by this Agreement, pay to Project Xxxx Applicant an incentive grant (the “Grants”) in an amount equal to 85 percent of the increase in property tax paid by Project Xxxx Applicant upon the actual assessed ad valorem tax value increase occasioned by construction of leasehold upfits and installation of equipment, furniture and fixtures (New Investment) at the Site. The County shall pay Grants to Project Xxxx Applicant as follows:
Incentive Grants. To induce SLC to make the Direct Investment associated with the Project, to locate its expanded operations associated with the expanded employee base at its Facility, and to achieve the Jobs Minimum, the County commits to pay to SLC a grant on the date specified below (“Future Incentive Payment”). This Incentive Grant shall be in the amount of $100,000. The incentive payout schedule is provided below. Calendar Year Confirmation Date Incentive Payout Date Capital Investment Incentive Job Incentive 2021 April 1, 2022 July 1, 2022 $0.00 $0.00 2022 April 1, 2023 July 1, 2023 $0.00 $0.00 2023 – Q1 2024 April 1, 2024 July 1, 2024 $50,000.00 $50,000.00
Incentive Grants. To induce BW to make the Direct Investment associated with the Project, to locate its operations associated with the Facility, and to achieve the Jobs Minimum, the County commits to pay to XX x xxxxx on the dates and in the amounts specified below (“Future Incentive Payments”). The total Incentive Grant shall be in the amount of Four Hundred Sixty Thousand and No/100 ($460,000.00) Dollars. The incentive payout schedule is provided below. Calendar Year Confirmation Date Capital Investment Job Retention Total Incentive Amount Incentive Date 2021 April 30, 2022 $40,000 $40,000 $80,000 July 31, 2022 2022 April 30, 2023 $40,000 $40,000 $80,000 July 31, 2023 2023 April 30, 2024 $40,000 $40,000 $80,000 July 31, 2024 2024 April 30, 2025 $40,000 $40,000 $80,000 July 31, 2025 2025 April 30, 2026 $40,000 $40,000 $80,000 July 31, 2026 2026 April 30, 2027 $30,000 $30,000 $60,000 July 31, 2027 BW must submit a Confirmation Letter by the Confirmation Date in order to be eligble for the incentive Grants. The Confirmation Letter will include the filings with the N.C. Employment Security Commission and Buncombe County Tax Department specified in Section 3.2 above. The County shall review those filings and, if the required Direct Investment and Jobs Minimum are confirmed, pay the Incentive Grant by July 31 (the “Incentive Date”) Provided however, that if BW for any reason fails to file its Business Real and Personal Property Tax Listings in a timely manner then such Incentive Payments will not be made until these Listings are properly filed and accepted. Further, in order to qualify for the Incentive Xxxxx, XX must comply in all material respects with all Federal, State and Local laws. Further if BW is in default on its obligation to pay property taxes to the County, the County will not be required to make any Incentive Grants to BW until BW pays the amount of such property taxes it owes the County, unless BW is in a bona fide dispute with the Buncombe County Tax Assessor's office as to the value of some or all of its property. Nothing herein shall preclude County and the Buncombe County Tax Collector from seeking to recover any such unpaid property taxes in accordance with applicable laws.
