Common use of Project/Milestones Clause in Contracts

Project/Milestones. Taxpayer, with locations in Gilroy, Auburn, Xxxxxx Valley, Yuba City, Rocklin, West Sacramento, Xxxxxx, San Francisco, and Santa Cruz, California, is a national distributor of natural, organic, and specialty foods, and other natural products. In consideration for the Credit, Taxpayer agrees to complete construction of a distribution facility in Gilroy and expand its other California distribution centers and e- commerce warehouses, invest in facility construction and acquisition, freezers, refrigeration, manufacturing equipment, furniture and fixtures, and hire full-time employees (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full- time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” Taxpayer may use the salaries of any of the Full-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized.

Appears in 2 contracts

Samples: California Competes Tax Credit Allocation Agreement, California Competes Tax Credit Allocation Agreement

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Project/Milestones. TaxpayerTaxpayer designs and manufactures custom chassis, with locations in Gilroy, Auburn, Xxxxxx Valley, Yuba City, Rocklin, West Sacramento, Xxxxxx, San Franciscospecialty automobiles, and Santa Cruztruck bodies for fleet vehicles. Taxpayer has certified in its application that absent award of the California Competes Tax Credit, Californiaits project may occur in another state; and, is it may terminate all or a national distributor portion of natural, organic, and specialty foods, and other natural productsits employees in California or relocate all or a portion of its employees in California to another state. In consideration for the Credit, Taxpayer Xxxxxxxx agrees to complete construction of a distribution facility in Gilroy and expand its other California distribution centers and e- commerce warehouses, invest in facility construction and acquisition, freezers, refrigeration, manufacturing equipment, furniture and fixtures, and hire full-time employees and invest in manufacturing equipment as part of its expansion in Xxxxxx and Montebello, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and ). In addition, Taxpayer must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full- Time Employees Hired,” and “Cumulative Average Annual Wage of California Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full- full- time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 2 contracts

Samples: California Competes Tax Credit Allocation Agreement, California Competes Tax Credit Allocation Agreement

Project/Milestones. TaxpayerTaxpayer develops and manufactures various products for use in the defense, with locations in Gilroy, Auburn, Xxxxxx Valley, Yuba City, Rocklin, West Sacramento, Xxxxxx, San Franciscoaerospace, and Santa Cruzsecurity industries. Taxpayer has certified in its application that absent award of the California Competes Tax Credit, Californiaits project may occur in another state; and, is it may terminate all or a national distributor portion of natural, organic, and specialty foods, and other natural productsits employees in California or relocate all or a portion of its employees in California to another state. In consideration for the Credit, Taxpayer agrees to complete construction of a distribution facility in Gilroy and expand its other California distribution centers and e- commerce warehouses, invest in facility construction and acquisition, freezers, refrigeration, manufacturing equipment, furniture and fixtures, and hire full-time employees and invest in manufacturing equipment, research and development equipment, computer equipment, tenant improvements, laboratory equipment, and facilities as part of its expansion in El Segundo, Xxxxxxx Air Force Base, XxXxxxxxx, Palmdale, San Diego, and Woodland Hills, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and ). In addition, Taxpayer must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full- full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized.. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded. In addition, Taxpayer agrees that any full-time employee hired after the effective date of this agreement that is a “qualified full-time employee” (as defined in RTC section 23636) shall be excluded from the calculation of the net increase of full-time employees required by this Agreement if Taxpayer claims the credit allowed by RTC section 23636. 0000 X Xxxxxx, 00xx XXXXX, XXXXXXXXXX, XXXXXXXXXX 00000

Appears in 2 contracts

Samples: California Competes Tax Credit Allocation Agreement, California Competes Tax Credit Allocation Agreement

Project/Milestones. TaxpayerTaxpayer is a designer, with locations in Gilroydeveloper and manufacturer of advanced military flight, Auburn, Xxxxxx Valley, Yuba City, Rocklin, West Sacramento, Xxxxxx, San Franciscoarmament, and Santa Cruzspace systems. Taxpayer has certified in its application that absent award of the California Competes Tax Credit, Californiaits project may occur in another state; and, is it may terminate all or a national distributor portion of natural, organic, and specialty foods, and other natural productsits employees in California or relocate all or a portion of its employees in California to another state. In consideration for the Credit, Taxpayer Xxxxxxxx agrees to complete construction of a distribution facility in Gilroy and expand its other California distribution centers and e- commerce warehouses, invest in facility construction and acquisition, freezers, refrigeration, manufacturing equipment, furniture and fixtures, and hire full-time employees and invest in manufacturing, laboratory, and computer equipment and tenant improvements as part of its expansion in Northridge, El Segundo, and San Diego, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and ). In addition, Taxpayer must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full- full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized.. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded. 0000 X Xxxxxx, 00xx XXXXX, XXXXXXXXXX, XXXXXXXXXX 00000

Appears in 2 contracts

Samples: California Competes Tax Credit Allocation Agreement, California Competes Tax Credit Allocation Agreement

Project/Milestones. TaxpayerTaxpayer is an almond-based sauce and dip manufacturer. Taxpayer has certified in its application that absent award of the California Competes Tax Credit, with locations its project may occur in Gilroy, Auburn, Xxxxxx Valley, Yuba City, Rocklin, West Sacramento, Xxxxxx, San Francisco, and Santa Cruz, California, is a national distributor of natural, organic, and specialty foods, and other natural productsanother state. In consideration for the Credit, Taxpayer agrees to complete construction of a distribution facility in Gilroy and expand its other California distribution centers and e- commerce warehouses, invest in facility construction and acquisition, freezers, refrigeration, manufacturing equipment, furniture and fixtures, and hire full-time employees and invest in a facility, tenant improvements, heavy equipment, vehicles, and food processing equipment, as part of its expansion in Carlsbad and an unknown location in California (collectively, the “Project”). Further, Taxpayer Xxxxxxxx agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and ). In addition, Taxpayer must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full- full- time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 2 contracts

Samples: California Competes Tax Credit Allocation Agreement, California Competes Tax Credit Allocation Agreement

Project/Milestones. TaxpayerTaxpayer is a manufacturing company, with locations producing products for the safe transport of liquids and gases, lightweight components in Gilroy, Auburn, Xxxxxx Valley, Yuba City, Rocklin, West Sacramento, Xxxxxx, San Franciscovehicles, and Santa Cruzresearch and development equipment. Taxpayer has certified in its application that absent award of the CCTC, Californiaits project may occur in another state; and, is it may terminate all or a national distributor portion of natural, organic, and specialty foods, and other natural productsits employees in California or relocate all or a portion of its employees in California to another state. In consideration for the Credit, Taxpayer agrees to complete construction of a distribution facility in Gilroy and expand its other California distribution centers and e- commerce warehouses, invest in facility construction and acquisition, freezers, refrigeration, manufacturing equipment, furniture and fixtures, and hire full-time employees and invest in a new facility as part of its expansion in El Monte, Bakersfield, and Irvine, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and ). In addition, Taxpayer must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full- Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full- full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 2 contracts

Samples: California Competes Tax Credit Allocation Agreement, California Competes Tax Credit Allocation Agreement

Project/Milestones. TaxpayerTaxpayer is a software developer that designs custom software solutions for data aggregation, with locations in Gilroy, Auburn, Xxxxxx Valley, Yuba City, Rocklin, West Sacramento, Xxxxxx, San Franciscoprocess management, and Santa Cruz, California, is a national distributor of natural, organic, and specialty foods, and other natural productsbusiness reporting. In consideration for the Credit, Taxpayer agrees to complete construction of a distribution facility in Gilroy and expand its other California distribution centers and e- commerce warehouses, invest in facility construction and acquisition, freezers, refrigeration, manufacturing equipment, furniture and fixtures, and hire full-time employees and invest in software licenses and computer equipment as part of its expansion in San Diego, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must to maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. Prior to entering into this Agreement, Taxpayer entered into a Co-Employer Agreement with Insperity PEO Services, L.P. (Insperity), a professional employer organization (PEO), to administer some or all of Taxpayer’s employee management responsibilities. For purposes of satisfying the milestones and terms and conditions of this Agreement, Taxpayer is deemed the legal employer of those California employees with whom Taxpayer and Insperity, or successor PEO, share joint employment. In the event Taxpayer employs more than the number of Full- full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 2 contracts

Samples: California Competes Tax Credit Allocation Agreement, California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer, with locations in Gilroy, Auburn, Xxxxxx Valley, Yuba City, Rocklin, West Sacramento, Xxxxxx, San Francisco, and Santa Cruz, California, Taxpayer is a national distributor video content producer and publisher. Taxpayer has certified in its application that absent award of naturalthe California Competes Tax Credit, organic, and specialty foods, and other natural productsits project may occur in another state. In consideration for the Credit, Taxpayer Xxxxxxxx agrees to complete construction of a distribution facility in Gilroy and expand its other California distribution centers and e- commerce warehouses, invest in facility construction and acquisition, freezers, refrigeration, manufacturing equipment, furniture and fixtures, and hire full-time employees and invest in tenant improvements, computer equipment, and office space as part of its expansion in Los Angeles, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and ). In addition, Taxpayer must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full- full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 2 contracts

Samples: California Competes Tax Credit Allocation Agreement, California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer, with locations in Gilroy, Auburn, Xxxxxx Valley, Yuba City, Rocklin, West Sacramento, Xxxxxx, San Francisco, and Santa Cruz, California, Taxpayer is a national distributor designer and manufacturer of natural, organic, technical outdoor apparel for water sports and specialty foods, highly specialized protective apparel for government and other natural productsmilitary customers. In consideration for the Credit, Taxpayer agrees to complete construction of a distribution facility in Gilroy hire full-time employees and expand its other California distribution centers and e- commerce warehouses, invest in facility construction and acquisition, freezers, refrigerationtenant improvements, manufacturing equipment, furniture and fixtures, and hire full-time employees software licenses as part of its expansion in Arcata, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and ). In addition, Taxpayer must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full- full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 2 contracts

Samples: California Competes Tax Credit Allocation Agreement, California Competes Tax Credit Allocation Agreement

Project/Milestones. TaxpayerTaxpayer is software solutions and management consulting services provider to financial advisors and asset managers. Taxpayer has certified in its application that absent award of the CCTC, with locations its project may occur in Gilroy, Auburn, Xxxxxx Valley, Yuba City, Rocklin, West Sacramento, Xxxxxx, San Francisco, and Santa Cruz, California, is a national distributor of natural, organic, and specialty foods, and other natural productsanother state. In consideration for the Credit, Taxpayer agrees to complete construction of a distribution facility in Gilroy hire full-time employees and expand its other California distribution centers and e- commerce warehouses, invest in facility construction and acquisition, freezers, refrigeration, manufacturing equipmenttenant improvements, furniture and fixtures, computer equipment, and hire full-time employees software licenses as part of its expansion in Concord and Encino, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and ). In addition, Taxpayer must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full- full- time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 2 contracts

Samples: California Competes Tax Credit Allocation Agreement, California Competes Tax Credit Allocation Agreement

Project/Milestones. TaxpayerTaxpayer develops and manufactures various products for use in the defense, with locations in Gilroy, Auburn, Xxxxxx Valley, Yuba City, Rocklin, West Sacramento, Xxxxxx, San Francisco, aerospace and Santa Cruz, California, is a national distributor of natural, organic, and specialty foods, and other natural productssecurity industries. In consideration for the Credit, Taxpayer agrees to complete construction of a distribution facility in Gilroy and expand its other California distribution centers operations at various locations throughout California, including El Segundo, Redondo Beach, Palmdale, Sunnyvale, Woodland Hills, Azusa and e- commerce warehousesRancho Xxxxxxxx. As part of its expansion, Taxpayer will invest in facility construction and acquisition, freezers, refrigeration, manufacturing equipment, furniture computer and fixtureselectrical equipment and make tenant improvements to the above facilities. Additionally, and Taxpayer will hire full-time employees as part of its expansion (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A “A” (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full- time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” Taxpayer may use the salaries of any of the Full-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by Taxpayer the taxpayer for the entire taxable year shall be annualized. In addition, Xxxxxxxx agrees that any full-time employee hired after the effective date of this agreement that is a “qualified full-time employee” (as defined in RTC section 23636) shall be excluded from the calculation of the net increase of full-time employees required by this Agreement if Taxpayer claims the credit allowed by RTC section 23636.

Appears in 2 contracts

Samples: California Competes Tax Credit Allocation Agreement, California Competes Tax Credit Allocation Agreement

Project/Milestones. TaxpayerTaxpayer designs and manufactures custom chassis, with locations in Gilroy, Auburn, Xxxxxx Valley, Yuba City, Rocklin, West Sacramento, Xxxxxx, San Franciscospecialty automobiles, and Santa Cruztruck bodies for fleet vehicles. Taxpayer has certified in its application that absent award of the California Competes Tax Credit, Californiaits project may occur in another state; and, is it may terminate all or a national distributor portion of natural, organic, and specialty foods, and other natural productsits employees in California or relocate all or a portion of its employees in California to another state. In consideration for the Credit, Taxpayer agrees to complete construction of a distribution facility in Gilroy and expand its other California distribution centers and e- commerce warehouses, invest in facility construction and acquisition, freezers, refrigeration, manufacturing equipment, furniture and fixtures, and hire full-time employees and invest in manufacturing equipment as part of its expansion in Xxxxxx and Montebello, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and ). In addition, Taxpayer must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full- Time Employees Hired,” and “Cumulative Average Annual Wage of California Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full- full- time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 2 contracts

Samples: California Competes Tax Credit Allocation Agreement, California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer, with locations in Gilroy, Auburn, Xxxxxx Valley, Yuba City, Rocklin, West Sacramento, Xxxxxx, San Francisco, and Santa Cruz, California, Taxpayer is a national distributor online lender specializing in the financing of naturalresidential investment properties. Taxpayer has certified in its application that absent award of the California Competes Tax Credit, organic, and specialty foods, and other natural productsits project may occur in another state. In consideration for the Credit, Taxpayer agrees to complete construction of a distribution facility in Gilroy and expand its other California distribution centers and e- commerce warehouses, invest in facility construction and acquisition, freezers, refrigeration, manufacturing equipment, furniture and fixtures, and hire full-time employees and invest in computer equipment and software licenses as part of its expansion in Los Angeles County or Orange County (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and ). In addition, Taxpayer must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full- full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 2 contracts

Samples: California Competes Tax Credit Allocation Agreement, California Competes Tax Credit Allocation Agreement

Project/Milestones. TaxpayerTaxpayer is a digital consultation and marketing firm that provides a variety of online services including: social media advertising, with locations in Gilroysearch engine optimization and marketing, Auburn, Xxxxxx Valley, Yuba City, Rocklin, West Sacramento, Xxxxxx, San Franciscoweb design, and Santa Cruz, California, is a national distributor of natural, organic, and specialty foods, and other natural productscontent development. In consideration for the Credit, Taxpayer agrees to complete construction of a distribution facility in Gilroy and expand its other California distribution centers and e- commerce warehouses, invest in facility construction and acquisition, freezers, refrigeration, manufacturing equipment, furniture and fixtures, and hire full-time employees and invest in office space, tenant improvements, and computer equipment as part of its expansion in Santa Monica, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and ). In addition, Taxpayer must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full- full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 2 contracts

Samples: California Competes Tax Credit Allocation Agreement, California Competes Tax Credit Allocation Agreement

Project/Milestones. TaxpayerTaxpayer develops and manufactures various products for use in the defense, with locations in Gilroy, Auburn, Xxxxxx Valley, Yuba City, Rocklin, West Sacramento, Xxxxxx, San Francisco, aerospace and Santa Cruz, California, is a national distributor of natural, organic, and specialty foods, and other natural productssecurity industries. In consideration for the Credit, Taxpayer agrees to complete construction of a distribution facility in Gilroy and expand its other California distribution centers operations at various locations throughout California, including El Segundo, Redondo Beach, Palmdale, Sunnyvale, Woodland Hills, Azusa and e- commerce warehousesRancho Xxxxxxxx. As part of its expansion, Taxpayer will invest in facility construction and acquisition, freezers, refrigeration, manufacturing equipment, furniture computer and fixtureselectrical equipment and make tenant improvements to the above facilities. Additionally, and Taxpayer will hire full-time employees as part of its expansion (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A “A” (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full- time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” Taxpayer may use the salaries of any of the Full-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by Taxpayer the taxpayer for the entire taxable year shall be annualized. In addition, Taxpayer agrees that any full-time employee hired after the effective date of this agreement that is a “qualified full-time employee” (as defined in RTC section 23636) shall be excluded from the calculation of the net increase of full-time employees required by this Agreement if Taxpayer claims the credit allowed by RTC section 23636.

Appears in 2 contracts

Samples: California Competes Tax Credit Allocation Agreement, California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer, with locations in Gilroy, Auburn, Xxxxxx Valley, Yuba City, Rocklin, West Sacramento, Xxxxxx, San Francisco, and Santa Cruz, California, Taxpayer is a national distributor of natural, organic, software development company that specializes in developing augmented reality (mixing computer-generated and specialty foods, and other natural productsreal-world movement) games for mobile devices. In consideration for the Credit, Taxpayer agrees to complete construction of a distribution facility in Gilroy hire full-time employees and expand its other California distribution centers and e- commerce warehouses, invest in facility construction and acquisition, freezers, refrigeration, manufacturing equipmenttenant improvements, furniture and fixtures, and hire full-time employees computer equipment as part of its expansion in San Francisco, Los Angeles, and Sunnyvale, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and ). In addition, Taxpayer must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full- full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 2 contracts

Samples: California Competes Tax Credit Allocation Agreement, California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer, with locations in Gilroy, Auburn, Xxxxxx Valley, Yuba City, Rocklin, West Sacramento, Xxxxxx, San Francisco, Taxpayer provides nutritionally appropriate and Santa Cruz, California, is a national distributor of natural, organic, and specialty foods, regulatory compliant emergency nutrition solutions to hospitals and other natural productscare facilities. Taxpayer has certified in its application that absent award of the CCTC, the project may occur in another state and it may terminate all or a portion of its employees in California or relocate all or a portion of its employees in California to another state. In consideration for the Credit, Taxpayer agrees to complete construction of a distribution facility in Gilroy hire full-time employees and expand its other California distribution centers and e- commerce warehouses, invest in facility construction and acquisition, freezers, refrigeration, manufacturing equipmenta facility, furniture and fixtures, computer equipment, and hire full-time employees software licenses as part of its expansion in Sacramento County, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and ). In addition, Taxpayer must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full- Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full- full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 2 contracts

Samples: California Competes Tax Credit Allocation Agreement, California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer, with locations in Gilroy, Auburn, Xxxxxx Valley, Yuba City, Rocklin, West Sacramento, Xxxxxx, San Francisco, and Santa Cruz, California, Taxpayer is a national distributor of natural, organic, sheet and specialty foods, and other natural productscoil metal manufacturer. In consideration for the Credit, Taxpayer agrees to complete construction of a distribution facility in Gilroy and expand its other California distribution centers and e- commerce warehouses, invest in facility construction and acquisition, freezers, refrigeration, manufacturing equipment, furniture and fixtures, and hire full-time employees and invest in a facility, tenant improvements, manufacturing equipment, and software licenses as part of its expansion in Chino and Rialto, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and ). In addition, Taxpayer must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full- full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 2 contracts

Samples: California Competes Tax Credit Allocation Agreement, California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer, with locations in Gilroy, Auburn, Xxxxxx Valley, Yuba City, Rocklin, West Sacramento, Xxxxxx, San Francisco, and Santa Cruz, California, Taxpayer is a national distributor direct-to-consumer mortgage lender. Taxpayer has certified in its application that absent award of naturalthe CCTC, organicits project will occur in another state; and, and specialty foods, and other natural productsit will terminate all or a portion of its employees in California or relocate all or a portion of its employees in California to another state. In consideration for the Credit, Taxpayer agrees to complete construction of a distribution facility in Gilroy and expand its other California distribution centers and e- commerce warehouses, invest in facility construction and acquisition, freezers, refrigeration, manufacturing equipment, furniture and fixtures, and hire full-time employees and invest in computer equipment, software licenses, and furniture and fixtures as part of its expansion in Costa Mesa, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and ). In addition, Taxpayer must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full- full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 2 contracts

Samples: California Competes Tax Credit Allocation Agreement, California Competes Tax Credit Allocation Agreement

Project/Milestones. TaxpayerTaxpayer is a designer, with locations in Gilroydeveloper and manufacturer of advanced military flight, Auburn, Xxxxxx Valley, Yuba City, Rocklin, West Sacramento, Xxxxxx, San Franciscoarmament, and Santa Cruzspace systems. Taxpayer has certified in its application that absent award of the California Competes Tax Credit, Californiaits project may occur in another state; and, is it may terminate all or a national distributor portion of natural, organic, and specialty foods, and other natural productsits employees in California or relocate all or a portion of its employees in California to another state. In consideration for the Credit, Taxpayer agrees to complete construction of a distribution facility in Gilroy and expand its other California distribution centers and e- commerce warehouses, invest in facility construction and acquisition, freezers, refrigeration, manufacturing equipment, furniture and fixtures, and hire full-time employees and invest in manufacturing, laboratory, and computer equipment and tenant improvements as part of its expansion in Northridge, El Segundo, and San Diego, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and ). In addition, Taxpayer must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full- full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized.. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded. 0000 X Xxxxxx, 00xx XXXXX, XXXXXXXXXX, XXXXXXXXXX 00000

Appears in 2 contracts

Samples: California Competes Tax Credit Allocation Agreement, California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer, with locations in Gilroy, Auburn, Xxxxxx Valley, Yuba City, Rocklin, West Sacramento, Xxxxxx, San Francisco, and Santa Cruz, California, Taxpayer is a national distributor of naturalfood producer and full line grocery store chain, organic, and specialty foods, and other natural productsproposing to expand its in- house food manufacturing. In consideration for the Credit, Taxpayer agrees to complete construction of a distribution facility in Gilroy and expand maintain at least 44 full-time employees, determined on an annual full-time equivalent basis, at its other California distribution centers and e- commerce warehousesMerced food manufacturing facility; and, invest in facility construction and acquisition, freezers, refrigeration, manufacturing equipment, furniture and fixtures, and to hire full-time employees and invest in a research and development equipment, manufacturing equipment, tenant improvements, and a facility as part of its expansion in Merced and/or Riverside, California (collectively, the “Project”). Taxpayer agrees that for the purposes of satisfying the milestones in Exhibit A (“Milestones”), Taxpayer will only count jobs and investment at its Merced food manufacturing facility and/or a new food manufacturing facility in Riverside, and that no other jobs or investment at any retail or other facility can be counted. For the purposes of calculating the number of full-time employees, no employee transferred from another affiliate, facility, or entity owned, related to, or controlled by the Taxpayer shall be included in the calculation. Taxpayer shall not be entitled to any portion of the Credit if it fails to maintain at least 44 full-time employees, determined on an annual full-time equivalent basis, at its Merced facility for the entire duration of the agreement. Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) Milestones and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full- full- time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized.. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded. 0000 X Xxxxxx, 00xx XXXXX, XXXXXXXXXX, XXXXXXXXXX 00000

Appears in 2 contracts

Samples: California Competes Tax Credit Allocation Agreement, California Competes Tax Credit Allocation Agreement

Project/Milestones. TaxpayerTaxpayer is an almond-based sauce and dip manufacturer. Taxpayer has certified in its application that absent award of the California Competes Tax Credit, with locations its project may occur in Gilroy, Auburn, Xxxxxx Valley, Yuba City, Rocklin, West Sacramento, Xxxxxx, San Francisco, and Santa Cruz, California, is a national distributor of natural, organic, and specialty foods, and other natural productsanother state. In consideration for the Credit, Taxpayer agrees to complete construction of a distribution facility in Gilroy and expand its other California distribution centers and e- commerce warehouses, invest in facility construction and acquisition, freezers, refrigeration, manufacturing equipment, furniture and fixtures, and hire full-time employees and invest in a facility, tenant improvements, heavy equipment, vehicles, and food processing equipment, as part of its expansion in Carlsbad and an unknown location in California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and ). In addition, Taxpayer must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full- full- time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 2 contracts

Samples: California Competes Tax Credit Allocation Agreement, California Competes Tax Credit Allocation Agreement

Project/Milestones. TaxpayerTaxpayer manufactures plastic components and modules for the semiconductor, with locations in Gilroy, Auburn, Xxxxxx Valley, Yuba City, Rocklin, West Sacramento, Xxxxxx, San Franciscoautomotive, and Santa Cruz, California, is a national distributor of natural, organic, and specialty foods, and other natural productsmedical equipment industries. In consideration for the Credit, Taxpayer agrees to complete construction of a distribution facility in Gilroy and expand its other California distribution centers and e- commerce warehouses, invest in facility construction and acquisition, freezers, refrigeration, manufacturing equipment, furniture and fixtures, and hire full-time employees and invest in computer, manufacturing, research and development equipment, tenant improvements, and furniture and fixtures as part of its expansion in Hayward, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and ). In addition, Taxpayer must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full- full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. TaxpayerTaxpayer is an authenticator and online retailer for vintage and designer footwear. Taxpayer has certified in its application that absent award of the CCTC, with locations it may terminate all or a portion of its employees in Gilroy, Auburn, Xxxxxx Valley, Yuba City, Rocklin, West Sacramento, Xxxxxx, San Francisco, and Santa Cruz, California, is California or relocate all or a national distributor portion of natural, organic, and specialty foods, and other natural productsits employees in California to another state. In consideration for the Credit, Taxpayer agrees to complete construction of a distribution facility in Gilroy hire full-time employees and expand its other California distribution centers and e- commerce warehouses, invest in facility construction and acquisition, freezers, refrigeration, manufacturing equipmenttenant improvements, furniture and fixtures, and hire full-time employees computer equipment as part of its expansion in Los Angeles, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and ). In addition, Taxpayer must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full- full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. TaxpayerTaxpayer is a manufacturer of industrial pumps for the water and wastewater, with locations in Gilroyoil and gas, Auburnmining, Xxxxxx Valley, Yuba City, Rocklin, West Sacramento, Xxxxxx, San Franciscoenergy, and Santa Cruzindustrial markets. Taxpayer has certified in its application that absent award of the California Competes Tax Credit, Californiaits project may occur in another state; and, is it may terminate all or a national distributor portion of naturalits employees in California or relocate all or a portion of its employees in California to another state. Further, organic, and specialty foods, and other natural productsTaxpayer has certified that at least 75% of its net increase of full-time employees will work at least 75% of the time in Fresno. Fresno was an Area of High Unemployment and/or an Area of High Poverty at the time Taxpayer submitted its application. In consideration for the Credit, Taxpayer Xxxxxxxx agrees to complete construction of a distribution facility in Gilroy and expand its other California distribution centers and e- commerce warehouses, invest in facility construction and acquisition, freezers, refrigeration, manufacturing equipment, furniture and fixtures, and hire full-time employees and invest in a facility, tenant improvements, and manufacturing equipment as part of its expansion in Fresno, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and ). In addition, Taxpayer must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full- full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer, with locations in Gilroy, Auburn, Xxxxxx Valley, Yuba City, Rocklin, West Sacramento, Xxxxxx, San Francisco, and Santa Cruz, California, Taxpayer is a national distributor river and ocean cruise service provider. Taxpayer has certified in its application that absent award of naturalthe California Competes Tax Credit, organic, and specialty foods, and other natural productsits project may occur in another state. In consideration for the Credit, Taxpayer Xxxxxxxx agrees to complete construction of a distribution facility in Gilroy hire full-time employees and expand its other California distribution centers and e- commerce warehouses, invest in facility construction and acquisition, freezers, refrigeration, manufacturing equipmenttenant improvements, furniture and fixtures, and hire full-time employees computer equipment as part of its expansion in Woodland Hills, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and ). In addition, Taxpayer must maintain the three (3) employee-based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full- full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. TaxpayerTaxpayer is a provider of GPS fleet management software that allows businesses to track and manage trucks, with locations in Gilroytrailers, Auburn, Xxxxxx Valley, Yuba City, Rocklin, West Sacramento, Xxxxxx, San Franciscovehicles, and Santa Cruztools. Taxpayer has certified in its application that absent award of the California Competes Tax Credit, Californiaits project may occur in another state; and, is it will terminate all or a national distributor portion of natural, organic, and specialty foods, and other natural productsits employees in California or relocate all or a portion of its employees in California to another state. In consideration for the Credit, Taxpayer agrees to complete construction of a distribution facility in Gilroy and expand its other California distribution centers and e- commerce warehouses, invest in facility construction and acquisition, freezers, refrigeration, manufacturing equipment, furniture and fixtures, and hire full-time employees and invest in tenant improvements, facilities, and research and development equipment as part of its expansion in Garden Grove and Pleasanton, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and ). In addition, Taxpayer must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full- full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer, with locations in Gilroy, Auburn, Xxxxxx Valley, Yuba City, Rocklin, West Sacramento, Xxxxxx, San Francisco, and Santa Cruz, California, Taxpayer is a national distributor customer relationship management software developer. Taxpayer has certified in its application that absent award of naturalthe California Competes Tax Credit, organicits project will occur in another state; and, and specialty foods, and other natural productsit may terminate all or a portion of its employees in California or relocate all or a portion of its employees in California to another state. In consideration for the Credit, Taxpayer Xxxxxxxx agrees to complete construction of a distribution facility in Gilroy and expand its other California distribution centers and e- commerce warehouses, invest in facility construction and acquisition, freezers, refrigeration, manufacturing equipment, furniture and fixtures, and hire full-time employees and invest in computer equipment and software licenses as part of its expansion in Sacramento, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and ). In addition, Taxpayer must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full- full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer, with locations in Gilroy, Auburn, Xxxxxx Valley, Yuba City, Rocklin, West Sacramento, Xxxxxx, San Francisco, and Santa Cruz, California, Taxpayer is a national distributor software and hardware developer specializing in power efficiency. Taxpayer has certified in its application that absent award of naturalthe California Competes Tax Credit, organic, and specialty foods, and other natural productsits project will occur in another state. In consideration for the Credit, Taxpayer agrees to complete construction of a distribution facility in Gilroy hire full-time employees and expand its other California distribution centers and e- commerce warehouses, invest in facility construction and acquisitionmanufacturing equipment, freezers, refrigeration, manufacturing computer equipment, furniture and fixtures, research and hire full-time employees development equipment, and tenant improvements as part of its expansion in Hawthorne, Torrance, and an unknown location in California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and ). In addition, Taxpayer must maintain the three (3) employee-based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full- full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer, with locations in Gilroy, Auburn, Xxxxxx Valley, Yuba City, Rocklin, West Sacramento, Xxxxxx, San Francisco, and Santa Cruz, California, Taxpayer is a national distributor software developer and electronic device manufacturer. Taxpayer has certified in its application that absent award of naturalthe California Competes Tax Credit, organic, and specialty foods, and other natural productsits project may occur in another state. In consideration for the Credit, Taxpayer agrees to complete construction of a distribution facility in Gilroy and expand its other California distribution centers and e- commerce warehouses, invest in facility construction and acquisition, freezers, refrigeration, manufacturing equipment, furniture and fixtures, and hire full-time employees and invest in furniture and fixtures, office space, tenant improvements, and computer equipment as part of its expansion in Mountain View, Carpinteria, Irvine, San Francisco, and Sunnyvale, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and ). In addition, Taxpayer must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full- Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full- full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer, with locations in Gilroy, Auburn, Xxxxxx Valley, Yuba City, Rocklin, West Sacramento, Xxxxxx, San Francisco, and Santa Cruz, California, Taxpayer is a national distributor provider of natural, organic, and specialty foods, gunshot location detection solutions for law enforcement and other natural productssecurity organizations. In consideration for the Credit, Taxpayer agrees to complete construction of a distribution facility in Gilroy hire full-time employees and expand its other California distribution centers and e- commerce warehouses, invest in facility construction and acquisitionoffice space, freezers, refrigeration, manufacturing equipmentsoftware licenses, furniture and fixtures, computer equipment, and hire full-time employees tenant improvements as part of its expansion in Newark and Santa Clara, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and ). In addition, Taxpayer must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full- full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer, with locations in Gilroy, Auburn, Xxxxxx Valley, Yuba City, Rocklin, West Sacramento, Xxxxxx, San Francisco, and Santa Cruz, California, Taxpayer is a national distributor manufacturer of naturalradioisotopes that are used to diagnose and treat cancer. Taxpayer has certified in its application that absent award of the California Competes Tax Credit, organicits project may occur in another state; and, and specialty foods, and other natural productsit may terminate all or a portion of its employees in California or relocate all or a portion of its employees in California to another state. In consideration for the Credit, Taxpayer Xxxxxxxx agrees to complete construction of a distribution facility in Gilroy and expand its other California distribution centers and e- commerce warehouses, invest in facility construction and acquisition, freezers, refrigeration, manufacturing equipment, furniture and fixtures, and hire full-time employees and invest in a facility and manufacturing equipment as part of its expansion in Valencia, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and ). In addition, Taxpayer must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full- full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. TaxpayerTaxpayer is an office and laboratory furniture manufacturer. Taxpayer has certified that at least 75% of its net increase of full-time employees will work at least 75% of the time in El Cajon. El Cajon was an Area of High Poverty at the time taxpayer submitted its application. Taxpayer has certified in its application that absent award of the California Competes Tax Credit, with locations its project will occur in Gilroyanother state; and, Auburn, Xxxxxx Valley, Yuba City, Rocklin, West Sacramento, Xxxxxx, San Francisco, and Santa Cruz, California, is it will terminate all or a national distributor portion of natural, organic, and specialty foods, and other natural productsits employees in California or relocate all or a portion of its employees in California to another state. In consideration for the Credit, Taxpayer agrees to complete construction of a distribution facility in Gilroy and expand its other California distribution centers and e- commerce warehouses, invest in facility construction and acquisition, freezers, refrigeration, manufacturing equipment, furniture and fixtures, and hire full-time employees and invest in manufacturing equipment, software licenses, and computer equipment as part of its expansion in El Cajon, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and ). In addition, Taxpayer must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full- full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. TaxpayerTaxpayer is an e-commerce meal delivery business. Taxpayer has certified in its application that absent award of the California Competes Tax Credit, with locations its project may occur in Gilroy, Auburn, Xxxxxx Valley, Yuba City, Rocklin, West Sacramento, Xxxxxx, San Francisco, and Santa Cruz, California, is a national distributor of natural, organic, and specialty foods, and other natural productsanother state. In consideration for the Credit, Taxpayer agrees to complete construction of a distribution facility in Gilroy and expand its other California distribution centers and e- commerce warehouses, invest in facility construction and acquisition, freezers, refrigeration, manufacturing equipment, furniture and fixtures, and hire full-time employees and invest in computer equipment as part of its expansion in Sacramento, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and ). In addition, Taxpayer must maintain the three (3) employee-based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full- Time Employees Hired,” and “Cumulative Average Annual Wage of California Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full- full- time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer, with locations in Gilroy, Auburn, Xxxxxx Valley, Yuba City, Rocklin, West Sacramento, Xxxxxx, San Francisco, and Santa Cruz, California, Taxpayer is a national distributor men’s personal care products manufacturer. Taxpayer has certified in its application that absent award of naturalthe California Competes Tax Credit, organic, and specialty foods, and other natural productsits project may occur in another state. In consideration for the Credit, Taxpayer agrees to complete construction of a distribution facility in Gilroy and expand its other California distribution centers and e- commerce warehouses, invest in facility construction and acquisition, freezers, refrigeration, manufacturing equipment, furniture and fixtures, and hire full-time employees and invest in a facility, tenant improvements, software licenses, research and development equipment, and manufacturing equipment as part of its expansion in Marina Del Rey and an unknown location in California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and ). In addition, Taxpayer must maintain the three (3) employee-based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full- full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer, with locations in Gilroy, Auburn, Xxxxxx Valley, Yuba City, Rocklin, West Sacramento, Xxxxxx, San Francisco, and Santa Cruz, California, Taxpayer is a national distributor wholesale distributer and online retailer of natural, organic, after-market collision parts and specialty foods, accessories for heavy duty trucks and other natural productsclassic cars. In consideration for the Credit, Taxpayer agrees to complete construction of a distribution facility in Gilroy hire full- time employees and expand its other California distribution centers and e- commerce warehouses, invest in facility construction manufacturing equipment and acquisitionsoftware licenses as part of its expansion in Long Beach, freezers, refrigeration, manufacturing equipment, furniture and fixtures, and hire full-time employees California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and ). In addition, Taxpayer must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full- full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. TaxpayerTaxpayer manufactures meat snacks. Taxpayer has certified in its application that absent award of the CCTC, with locations its project may occur in Gilroyanother state; and, Auburnit may terminate all or a portion of its employees in California or relocate all or a portion of its employees in California to another state. Further, Xxxxxx Valley, Yuba City, Rocklin, West Sacramento, Xxxxxx, Taxpayer has certified that at least 75% of its net increase of full-time employees will work at least 75% of the time in San Francisco, and Santa Cruz, California, is a national distributor Bernardino. San Bernardino was an Area of natural, organic, and specialty foods, and other natural productsHigh Unemployment and/or an Area of High Poverty at the time Taxpayer submitted its application. In consideration for the Credit, Taxpayer agrees to complete construction of a distribution facility in Gilroy and expand its other California distribution centers and e- commerce warehouses, invest in facility construction and acquisition, freezers, refrigeration, manufacturing equipment, furniture and fixtures, and hire full-time employees and invest in a facility, facility improvements, and manufacturing, heavy, and food processing equipment as part of its expansion in San Bernardino, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and ). In addition, Taxpayer must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full- full- time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer, with locations in Gilroy, Auburn, Xxxxxx Valley, Yuba City, Rocklin, West Sacramento, Xxxxxx, San Francisco, and Santa Cruz, California, Taxpayer is a national distributor of naturalhome furnishings and sleep accessories. Taxpayer has certified in its application that absent award of the California Competes Tax Credit, organicits project may occur in another state; and, and specialty foodsit may terminate all or a portion of its employees in California or relocate all or a portion of its employees in California to another state. Further, and other natural productsTaxpayer has certified that at least 75% of its net increase of full-time employees will work at least 75% of the time in Delano. Delano was an Area of High Unemployment and/or an Area of High Poverty at the time Taxpayer submitted its application. In consideration for the Credit, Taxpayer Xxxxxxxx agrees to complete construction of a distribution facility in Gilroy and expand its other California distribution centers and e- commerce warehouses, invest in facility construction and acquisition, freezers, refrigeration, manufacturing equipment, furniture and fixtures, and hire full-time employees and invest in a facility, heavy equipment, computer equipment, and land as part of its expansion in Delano, California (collectively, the “Project”). Further, Taxpayer Xxxxxxxx agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and ). In addition, Taxpayer must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full- full- time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. TaxpayerTaxpayer is a multinational defense contractor specializing in the development and manufacture of intelligence, with locations in Gilroy, Auburn, Xxxxxx Valley, Yuba City, Rocklin, West Sacramento, Xxxxxx, San Franciscosurveillance, and Santa Cruzreconnaissance and detection systems. Taxpayer has certified in its application that absent award of the California Competes Tax Credit, California, is a national distributor of natural, organic, and specialty foods, and other natural productsits project may occur in another state. In consideration for the Credit, Taxpayer Xxxxxxxx agrees to complete construction of a distribution facility in Gilroy and expand its other California distribution centers and e- commerce warehouses, invest in facility construction and acquisition, freezers, refrigeration, manufacturing equipment, furniture and fixtures, and hire full-time employees and invest in manufacturing equipment and tenant improvements as part of its expansion in San Leandro, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and ). In addition, Taxpayer must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full- full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. TaxpayerTaxpayer is a technology management company that offers remote internet technology managed services, with locations in Gilroy, Auburn, Xxxxxx Valley, Yuba City, Rocklin, West Sacramento, Xxxxxx, San Franciscohelp desk services, and Santa Cruznetwork operating services. Taxpayer has certified in its application that absent award of the CCTC, Californiaits project will occur in another state; and, is it will terminate all or a national distributor portion of natural, organic, its employees in California and specialty foods, and other natural productsrelocate all or a portion of its employees in California to another state. In consideration for the Credit, Taxpayer Xxxxxxxx agrees to complete construction of a distribution facility in Gilroy and expand its other California distribution centers and e- commerce warehouses, invest in facility construction and acquisition, freezers, refrigeration, manufacturing equipment, furniture and fixtures, and hire full-time employees and invest in computer equipment and software licenses as part of its expansion in Burbank, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and ). In addition, Taxpayer must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full- full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer, with locations in Gilroy, Auburn, Xxxxxx Valley, Yuba City, Rocklin, West Sacramento, Xxxxxx, San Francisco, and Santa Cruz, California, Taxpayer is a national distributor natural bath and body products manufacturer and online retailer. Taxpayer has certified in its application that absent award of naturalthe California Competes Tax Credit, organicits project may occur in another state; and, and specialty foods, and other natural productsit may terminate all or a portion of its employees in California or relocate all or a portion of its employees in California to another state. In consideration for the Credit, Taxpayer Xxxxxxxx agrees to complete construction of a distribution facility in Gilroy and expand its other California distribution centers and e- commerce warehouses, invest in facility construction and acquisition, freezers, refrigeration, manufacturing equipment, furniture and fixtures, and hire full-time employees and invest in a facility as part of its expansion in Torrance, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and ). In addition, Taxpayer must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full- Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full- full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. TaxpayerTaxpayer manufactures a variety of metal products, with locations in Gilroyincluding brackets, Auburn, Xxxxxx Valley, Yuba City, Rocklin, West Sacramento, Xxxxxx, San Franciscobraces, and Santa Cruzladders. Taxpayer has certified in its application that absent award of the California Competes Tax Credit, Californiaits project may occur in another state; and, is it may terminate all or a national distributor portion of natural, organic, and specialty foods, and other natural productsits employees in California or relocate all or a portion of its employees in California to another state. In consideration for the Credit, Taxpayer agrees to complete construction of a distribution facility in Gilroy and expand its other California distribution centers and e- commerce warehouses, invest in facility construction and acquisition, freezers, refrigeration, manufacturing equipment, furniture and fixtures, and hire full-time employees and invest in manufacturing equipment, vehicles, software licenses, computer equipment, and a facility as part of its expansion in Azusa, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and ). In addition, Taxpayer must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full- Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full- full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. TaxpayerTaxpayer designs, with locations in Gilroy, Auburn, Xxxxxx Valley, Yuba City, Rocklin, West Sacramento, Xxxxxx, San Franciscomanufactures, and Santa Cruzconstructs prefabricated modular housing units with a focus on moderate and low-income households. Taxpayer has certified in its application that absent award of the California Competes Tax Credit, California, is a national distributor of natural, organic, and specialty foods, and other natural productsits project may occur in another state. In consideration for the Credit, Taxpayer Xxxxxxxx agrees to complete construction of a distribution facility in Gilroy and expand its other California distribution centers and e- commerce warehouses, invest in facility construction and acquisition, freezers, refrigeration, manufacturing equipment, furniture and fixtures, and hire full-time employees and invest in manufacturing equipment and a facility as part of its expansion in an unknown location in California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and ). In addition, Taxpayer must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full- Time Employees Hired,” and “Cumulative Average Annual Wage of California Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full- full- time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer, with locations in Gilroy, Auburn, Xxxxxx Valley, Yuba City, Rocklin, West Sacramento, Xxxxxx, San Francisco, and Santa Cruz, California, Taxpayer is a national distributor food manufacturer of naturalprotein, organicproduce, and specialty foodsdairy, dressing, sauces, ketchup, and other natural productscondiments. Taxpayer has certified in its application that absent award of the California Competes Tax Credit, its project may occur in another state; and, it may terminate all or a portion of its employees in California or relocate all or a portion of its employees in California to another state. Further, Taxpayer has certified that at least 75% of its net increase of full-time employees will work at least 75% of the time in City of Industry. City of Industry was an Area of High Unemployment and/or an Area of High Poverty at the time Taxpayer submitted its application. In consideration for the Credit, Taxpayer Xxxxxxxx agrees to complete construction of a distribution facility in Gilroy and expand its other California distribution centers and e- commerce warehouses, invest in facility construction and acquisition, freezers, refrigeration, manufacturing equipment, furniture and fixtures, and hire full-time employees and invest in tenant improvements and food processing equipment as part of its expansion in City of Industry, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and ). In addition, Taxpayer must maintain the three (3) employee-based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full- full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer, with locations in Gilroy, Auburn, Xxxxxx Valley, Yuba City, Rocklin, West Sacramento, Xxxxxx, San Francisco, and Santa Cruz, California, Taxpayer is a national distributor software developer that uses its platform to arrange on-demand delivery services. Taxpayer has certified in its application that absent award of naturalthe California Competes Tax Credit, organic, and specialty foods, and other natural productsits project may occur in another state. In consideration for the Credit, Taxpayer agrees to complete construction of a distribution facility in Gilroy and expand its other California distribution centers and e- commerce warehouses, invest in facility construction and acquisition, freezers, refrigeration, manufacturing equipment, furniture and fixtures, and hire full-time employees and invest in office space, tenant improvements, computer equipment, and furniture and fixtures as part of its expansion in San Francisco, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and ). In addition, Taxpayer must maintain the three (3) employee-based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full- Time Employees Hired,” and “Cumulative Average Annual Wage of California Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full- full- time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer, with locations in Gilroy, Auburn, Xxxxxx Valley, Yuba City, Rocklin, West Sacramento, Xxxxxx, San Francisco, and Santa Cruz, California, Taxpayer is a national distributor poultry processor. Taxpayer has certified in its application that absent award of naturalthe CCTC, organic, the project may occur in another state and specialty foods, and other natural productsmay terminate all or a portion of its employees in California or relocate all or a portion of its employees in California to another state. Taxpayer has further certified that at least 75% of its net increase of full-time employees will work at least 75% of the time in Livingston (Merced County). Livingston was an Area of High Unemployment at the time Taxpayer submitted its application. In consideration for the Credit, Taxpayer agrees to complete construction of a distribution facility in Gilroy and expand its other California distribution centers and e- commerce warehouses, invest in facility construction and acquisition, freezers, refrigeration, manufacturing equipment, furniture and fixtures, and hire full-time employees and invest in a facility as part of its expansion in Livingston, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and ). In addition, Taxpayer must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full- Time Employees Hired,” and “Cumulative Average Annual Wage of California Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full- full- time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer, with locations in Gilroy, Auburn, Xxxxxx Valley, Yuba City, Rocklin, West Sacramento, Xxxxxx, San Francisco, and Santa Cruz, California, Taxpayer is a national distributor biomedical engineering and cancer diagnostic technology company. Taxpayer has certified in its application that absent award of naturalthe CCTC, organicits project will occur in another state; and, and specialty foods, and other natural productsit will terminate all or a portion of its employees in California or relocate all or a portion of its employees in California to another state. In consideration for the Credit, Taxpayer agrees to complete construction of a distribution facility in Gilroy and expand its other California distribution centers and e- commerce warehouses, invest in facility construction and acquisition, freezers, refrigeration, manufacturing equipment, furniture and fixtures, and hire full-time employees and invest in office space and a facility as part of its expansion in Sacramento, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and ). In addition, Taxpayer must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full- full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer, with locations in Gilroy, Auburn, Xxxxxx Valley, Yuba City, Rocklin, West Sacramento, Xxxxxx, San Francisco, and Santa Cruz, California, Taxpayer is a national distributor software developer that creates software for “smart” buildings, where the software authenticates individual’s right to access buildings by using a smartphone. Taxpayer has certified in its application that absent award of naturalthe California Competes Tax Credit, organic, and specialty foods, and other natural productsits project will occur in another state. In consideration for the Credit, Taxpayer agrees to complete construction of a distribution facility in Gilroy and expand its other California distribution centers and e- commerce warehouses, invest in facility construction and acquisition, freezers, refrigeration, manufacturing equipment, furniture and fixtures, and hire full-time employees and invest in computer equipment as part of its expansion in Culver City, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and ). In addition, Taxpayer must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full- full- time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer, with locations in Gilroy, Auburn, Xxxxxx Valley, Yuba City, Rocklin, West Sacramento, Xxxxxx, San Francisco, and Santa Cruz, California, Taxpayer is a national distributor lithium metal cells manufacturer. Taxpayer has certified in its application that absent award of naturalthe California Competes Grant, organic, and specialty foods, and other natural productsits project may occur in another state. In consideration for the CreditGrant, Taxpayer Xxxxxxxx agrees to complete construction of a distribution facility in Gilroy and expand its other California distribution centers and e- commerce warehouses, invest in facility construction and acquisition, freezers, refrigeration, manufacturing equipment, furniture and fixtures, and hire full-time employees and invest in research and development equipment, laboratory equipment, manufacturing equipment, facilities, and tenant improvements as part of its expansion in San Leandro and an unknown location in California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and ). In addition, Taxpayer must maintain the three (3) employee-based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full- Time Employees Hired,” and “Cumulative Average Annual Wage of California Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full- full- time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized.. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded. 0000 X Xxxxxx, 00xx XXXXX, XXXXXXXXXX, XXXXXXXXXX 00000

Appears in 1 contract

Samples: California Competes Grant Agreement

Project/Milestones. TaxpayerTaxpayer is a manufacturer of industrial pumps for the water and wastewater, with locations in Gilroyoil and gas, Auburnmining, Xxxxxx Valley, Yuba City, Rocklin, West Sacramento, Xxxxxx, San Franciscoenergy, and Santa Cruzindustrial markets. Taxpayer has certified in its application that absent award of the California Competes Tax Credit, Californiaits project may occur in another state; and, is it may terminate all or a national distributor portion of naturalits employees in California or relocate all or a portion of its employees in California to another state. Further, organic, and specialty foods, and other natural productsTaxpayer has certified that at least 75% of its net increase of full-time employees will work at least 75% of the time in Fresno. Fresno was an Area of High Unemployment and/or an Area of High Poverty at the time Taxpayer submitted its application. In consideration for the Credit, Taxpayer agrees to complete construction of a distribution facility in Gilroy and expand its other California distribution centers and e- commerce warehouses, invest in facility construction and acquisition, freezers, refrigeration, manufacturing equipment, furniture and fixtures, and hire full-time employees and invest in a facility, tenant improvements, and manufacturing equipment as part of its expansion in Fresno, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and ). In addition, Taxpayer must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full- full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer, with locations in Gilroy, Auburn, Xxxxxx Valley, Yuba City, Rocklin, West Sacramento, Xxxxxx, San Francisco, and Santa Cruz, California, Taxpayer is a national distributor rare earth minerals mining company. Taxpayer has certified in its application that absent award of naturalthe California Competes Tax Credit, organic, and specialty foods, and other natural productsits project may occur in another state. In consideration for the Credit, Taxpayer Xxxxxxxx agrees to complete construction of a distribution facility in Gilroy and expand its other California distribution centers and e- commerce warehouses, invest in facility construction and acquisition, freezers, refrigeration, manufacturing equipment, furniture and fixtures, and hire full-time employees and invest in manufacturing equipment and software as part of its expansion in Mountain Pass, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and ). In addition, Taxpayer must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full- Time Employees Hired,” and “Cumulative Average Annual Wage of California Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full- full- time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. TaxpayerTaxpayer is a developer of sensors and related products that collect data to improve the safety and efficiency in the transportation, with locations in Gilroylogistics, Auburnconstruction, Xxxxxx Valleyfood production, Yuba City, Rocklin, West Sacramento, Xxxxxx, San Franciscoenergy, and Santa Cruzmanufacturing industries. Taxpayer has certified in its application that absent award of the CCTC, California, is its project may occur in another state; and it may terminate all or a national distributor portion of natural, organic, and specialty foods, and other natural productsits employees in California or relocate all or a portion of its employees in California to another state. In consideration for the Credit, Taxpayer agrees to complete construction of a distribution facility in Gilroy hire full-time employees and expand its other California distribution centers and e- commerce warehouses, invest in facility construction and acquisitionoffice space, freezers, refrigeration, manufacturing equipmenttenant improvements, furniture and fixtures, and hire full-time employees computer equipment, as part of its expansion in San Francisco, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and ). In addition, Taxpayer must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full- Time Employees Hired,” and “Cumulative Average Annual Wage of California Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full- full- time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer, with locations in Gilroy, Auburn, Xxxxxx Valley, Yuba City, Rocklin, West Sacramento, Xxxxxx, San Francisco, and Santa Cruz, California, Taxpayer is a national distributor direct-to-consumer online mortgage lender. Taxpayer has certified in its application that absent award of naturalthe California Competes Tax Credit, organic, and specialty foods, and other natural productsits project may occur in another state. In consideration for the Credit, Taxpayer agrees to complete construction of a distribution facility in Gilroy and expand its other California distribution centers and e- commerce warehouses, invest in facility construction and acquisition, freezers, refrigeration, manufacturing equipment, furniture and fixtures, and hire full-time employees and invest in office space, tenant improvements, and furniture and fixtures as part of its expansion in Oakland and Irvine, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and ). In addition, Taxpayer must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full- full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer, with locations in Gilroy, Auburn, Xxxxxx Valley, Yuba City, Rocklin, West Sacramento, Xxxxxx, San Francisco, and Santa Cruz, California, Taxpayer is a national distributor metal 3D printing product manufacturer. Taxpayer has certified in its application that absent award of naturalthe California Competes Tax Credit, organicits project will occur in another state; and, and specialty foods, and other natural productsit will terminate all or a portion of its employees in California or relocate all or a portion of its employees in California to another state. In consideration for the Credit, Taxpayer agrees to complete construction of a distribution facility in Gilroy and expand its other California distribution centers and e- commerce warehouses, invest in facility construction and acquisition, freezers, refrigeration, manufacturing equipment, furniture and fixtures, and hire full-time employees and invest in a facility, manufacturing equipment, and research and development equipment as part of its expansion in Gardena or Torrance, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and ). In addition, Taxpayer must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full- full- time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer, with locations in Gilroy, Auburn, Xxxxxx Valley, Yuba City, Rocklin, West Sacramento, Xxxxxx, San Francisco, and Santa Cruz, California, Taxpayer is a national distributor nickel-hydrogen battery manufacturer. Taxpayer has certified in its application that absent award of naturalthe California Competes Tax Credit, organicits project may occur in another state; and, and specialty foods, and other natural productsit may terminate all or a portion of its employees in California or relocate all or a portion of its employees in California to another state. In consideration for the Credit, Taxpayer agrees to complete construction of a distribution facility in Gilroy hire full-time employees and expand its other California distribution centers and e- commerce warehouses, invest in facility construction and acquisition, freezers, refrigerationcomputer equipment, manufacturing equipment, software licenses, research and development equipment, furniture and fixtures, tenant improvements, facilities, and hire full-time employees laboratory instruments as part of its expansion in an unknown location in California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and ). In addition, Taxpayer must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full- Time Employees Hired,” and “Cumulative Average Annual Wage of California Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full- full- time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer, with locations in Gilroy, Auburn, Xxxxxx Valley, Yuba City, Rocklin, West Sacramento, Xxxxxx, San Francisco, and Santa Cruz, California, Taxpayer is a national distributor metal 3D printing product manufacturer. Taxpayer has certified in its application that absent award of naturalthe California Competes Tax Credit, organicits project will occur in another state; and, and specialty foods, and other natural productsit will terminate all or a portion of its employees in California or relocate all or a portion of its employees in California to another state. In consideration for the Credit, Taxpayer agrees to complete construction of a distribution facility in Gilroy and expand its other California distribution centers and e- commerce warehouses, invest in facility construction and acquisition, freezers, refrigeration, manufacturing equipment, furniture and fixtures, and hire full-time employees and invest in a facility, manufacturing equipment, and research and development equipment as part of its expansion in Gardena or Torrance, California (collectively, the “Project”). Further, Taxpayer Xxxxxxxx agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and ). In addition, Taxpayer must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full- full- time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer, with locations in Gilroy, Auburn, Xxxxxx Valley, Yuba City, Rocklin, West Sacramento, Xxxxxx, San Francisco, and Santa Cruz, California, Taxpayer is a national distributor of natural, organic, and specialty foods, and other natural productscoffee beverage manufacturer. In consideration for the Credit, Taxpayer agrees to complete construction of a distribution facility in Gilroy and expand its other California distribution centers and e- commerce warehouses, invest in facility construction and acquisition, freezers, refrigeration, manufacturing equipment, furniture and fixtures, and hire full-time employees and invest in vehicles, manufacturing equipment, and a facility as part of its expansion in San Diego, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and ). In addition, Taxpayer must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full- full- time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer, with locations in Gilroy, Auburn, Xxxxxx Valley, Yuba City, Rocklin, West Sacramento, Xxxxxx, San Francisco, and Santa Cruz, California, Taxpayer is a national distributor developer of naturala product analytics platform for web and mobile applications that enables digital businesses to understand online user behavior. Taxpayer has certified in its application that absent award of the California Competes Tax Credit, organicits project may occur in another state; and, and specialty foods, and other natural productsit may terminate all or a portion of its employees in California or relocate all or a portion of its employees in California to another state. In consideration for the Credit, Taxpayer agrees to complete construction of a distribution facility in Gilroy hire full-time employees and expand its other California distribution centers and e- commerce warehouses, invest in facility construction and acquisitionsoftware licenses, freezers, refrigeration, manufacturing computer equipment, furniture and fixtures, tenant improvements, and hire full-time employees office space as part of its expansion in San Francisco, California (collectively, the “Project”). Further, Taxpayer Xxxxxxxx agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and ). In addition, Taxpayer must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full- full- time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. TaxpayerTaxpayer is a foreign-direct, with locations in Gilroystart-up design, Auburn, Xxxxxx Valley, Yuba City, Rocklin, West Sacramento, Xxxxxx, San Franciscoengineering, and Santa Cruzmanufacturing company that will manufacture integrated, California, is a national distributor whole-house engineered timber frame building systems for residential and light commercial construction markets. Taxpayer has certified that at least 75% of natural, organic, and specialty foods, and other natural productsits net increase of full-time employees will work at least 75% of the time in San Xxxxxxx county. San Xxxxxxx county was an Area of High Unemployment and/or an Area of High Poverty at the time Taxpayer submitted its application. In consideration for the Credit, Taxpayer agrees to complete construction of a distribution facility in Gilroy and expand its other California distribution centers and e- commerce warehouses, invest in facility construction and acquisition, freezers, refrigeration, manufacturing equipment, furniture and fixtures, and hire full-time employees and invest in manufacturing equipment, computer equipment, software licenses, automation software, tenant improvements, vehicles, and a facility as part of its expansion in Ripon, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full- full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer, with locations in Gilroy, Auburn, Xxxxxx Valley, Yuba City, Rocklin, West Sacramento, Xxxxxx, San Francisco, and Santa Cruz, California, Taxpayer is a national distributor of natural, organic, healthcare information technology and specialty foods, and other natural productsrevenue management service provider. In consideration for the Credit, Taxpayer agrees to complete construction of a distribution facility in Gilroy and expand its other California distribution centers and e- commerce warehouses, invest in facility construction computer equipment and acquisition, freezers, refrigeration, manufacturing equipment, furniture and fixturessoftware licenses throughout California, and hire full-time employees as part of its expansion in Carlsbad, Garden Grove, and Culver City, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full- full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-Full- time Employees Hired,” Taxpayer may use the salaries of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the salary of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded. Notwithstanding any other provision of this Agreement to the contrary, in addition to the “Total California Full-Time Employees” and the corresponding “Net Increase of Full- Time Employees Compared to the Base Year,” as identified in Exhibit A, Taxpayer agrees to employ additional California full-time employees pursuant to an agreement (provided to GO-Biz on October 5, 2015) with a 3rd party as follows: 756, 1,300, and 1,300 California full-time employees in its 2017, 2018, and 2019 taxable years 0000 X Xxxxxx, 00xx XXXXX, XXXXXXXXXX, XXXXXXXXXX 00000 respectively, determined on an annual full-time equivalent basis. The Credit award and allocation will be subject to this additional requirement and the three year maintenance provisions of section 4.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer, with locations in Gilroy, Auburn, Xxxxxx Valley, Yuba City, Rocklin, West Sacramento, Xxxxxx, San Francisco, and Santa Cruz, California, Taxpayer is a national distributor manufacturer of naturalhigh precision machined metal and plastic components primarily used in aerospace and military applications. Taxpayer has certified in its application that absent award of the California Competes Tax Credit, organicits project will occur in another state; and, and specialty foods, and other natural productsit will terminate all or a portion of its employees in California or relocate all or a portion of its employees in California to another state. In consideration for the Credit, Taxpayer agrees to complete construction of a distribution facility in Gilroy and expand its other California distribution centers and e- commerce warehouses, invest in facility construction and acquisition, freezers, refrigeration, manufacturing equipment, furniture and fixtures, and hire full-time employees and invest in manufacturing equipment, a facility, and tenant improvements as part of its expansion in Orange, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and ). In addition, Taxpayer must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full- full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

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Project/Milestones. Taxpayer, Taxpayer develops records and retention software to help companies ensure records and maintenance practices are in accordance with locations in Gilroy, Auburn, Xxxxxx Valley, Yuba City, Rocklin, West Sacramento, Xxxxxx, San Francisco, and Santa Cruz, California, is a national distributor of natural, organic, and specialty foods, and other natural productslegal requirements. In consideration for the Credit, Taxpayer agrees to complete construction of a distribution facility in Gilroy hire full-time employees and expand its other California distribution centers and e- commerce warehouses, invest in facility construction and acquisition, freezers, refrigeration, manufacturing computer equipment, furniture and fixtures, and hire full-time employees office space as part of its expansion in Irvine, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and ). In addition, Taxpayer must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full- full- time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer, with locations in Gilroy, Auburn, Xxxxxx Valley, Yuba City, Rocklin, West Sacramento, Xxxxxx, San Francisco, and Santa Cruz, California, Taxpayer is a national distributor of natural, organic, and specialty foods, and other natural productscoffee beverage manufacturer. In consideration for the Credit, Taxpayer Xxxxxxxx agrees to complete construction of a distribution facility in Gilroy and expand its other California distribution centers and e- commerce warehouses, invest in facility construction and acquisition, freezers, refrigeration, manufacturing equipment, furniture and fixtures, and hire full-time employees and invest in vehicles, manufacturing equipment, and a facility as part of its expansion in San Diego, California (collectively, the “Project”). Further, Taxpayer Xxxxxxxx agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and ). In addition, Taxpayer must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full- full- time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer, with locations in Gilroy, Auburn, Xxxxxx Valley, Yuba City, Rocklin, West Sacramento, Xxxxxx, San Francisco, and Santa Cruz, California, Taxpayer is a national distributor of natural, organic, and specialty foods, and other natural productsconsumer electronics accessory manufacturer. In consideration for the Credit, Taxpayer agrees to complete construction of a distribution facility in Gilroy and expand its other California distribution centers and e- commerce warehouses, invest in facility construction and acquisition, freezers, refrigeration, manufacturing equipment, furniture and fixtures, and hire full-time employees as part of its expansion in San Diego, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and ). In addition, Taxpayer must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full- full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. TaxpayerTaxpayer is paint and coating manufacturer. Taxpayer has certified in its application that absent award of the California Competes Tax Credit, with locations its project may occur in Gilroyanother state; and, Auburn, Xxxxxx Valley, Yuba City, Rocklin, West Sacramento, Xxxxxx, San Francisco, and Santa Cruz, California, is it may terminate all or a national distributor portion of natural, organic, and specialty foods, and other natural productsits employees in California or relocate all or a portion of its employees in California to another state. In consideration for the Credit, Taxpayer Xxxxxxxx agrees to complete construction of a distribution facility in Gilroy and expand its other California distribution centers and e- commerce warehouses, invest in facility construction and acquisition, freezers, refrigeration, manufacturing equipment, furniture and fixtures, and hire full-time employees and invest in manufacturing equipment as part of its expansion in San Xxxxxx and Los Angeles, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and ). In addition, Taxpayer must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full- full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer, with locations in Gilroy, Auburn, Xxxxxx Valley, Yuba City, Rocklin, West Sacramento, Xxxxxx, San Francisco, and Santa Cruz, California, Taxpayer is a national distributor developer of naturala product analytics platform for web and mobile applications that enables digital businesses to understand online user behavior. Taxpayer has certified in its application that absent award of the California Competes Tax Credit, organicits project may occur in another state; and, and specialty foods, and other natural productsit may terminate all or a portion of its employees in California or relocate all or a portion of its employees in California to another state. In consideration for the Credit, Taxpayer agrees to complete construction of a distribution facility in Gilroy hire full-time employees and expand its other California distribution centers and e- commerce warehouses, invest in facility construction and acquisitionsoftware licenses, freezers, refrigeration, manufacturing computer equipment, furniture and fixtures, tenant improvements, and hire full-time employees office space as part of its expansion in San Francisco, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and ). In addition, Taxpayer must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full- full- time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. TaxpayerTaxpayer reprocesses recycled aluminum and manufacturers ingots. Taxpayer has certified in its application that absent award of the California Competes Tax Credit, with locations its project will occur in Gilroyanother state; and, Auburn, Xxxxxx Valley, Yuba City, Rocklin, West Sacramento, Xxxxxx, San Francisco, and Santa Cruz, California, is it may terminate all or a national distributor portion of natural, organic, and specialty foods, and other natural productsits employees in California or relocate all or a portion of its employees in California to another state. In consideration for the Credit, Taxpayer agrees to complete construction of a distribution facility in Gilroy and expand its other California distribution centers and e- commerce warehouses, invest in facility construction and acquisition, freezers, refrigeration, manufacturing equipment, furniture and fixtures, and hire full-time employees and invest in furniture and fixtures, computer equipment, software licenses, vehicles, manufacturing equipment, tenant improvements, heavy equipment, and a facility as part of its expansion in Oakland, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and ). In addition, Taxpayer must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full- full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer, with locations in Gilroy, Auburn, Xxxxxx Valley, Yuba City, Rocklin, West Sacramento, Xxxxxx, San Francisco, and Santa Cruz, California, Taxpayer is a national distributor portable medical testing device manufacturer. Taxpayer has certified in its application that absent award of naturalthe California Competes Tax Credit, organic, and specialty foods, and other natural productsits project may occur in another state. In consideration for the Credit, Taxpayer agrees to complete construction of a distribution facility in Gilroy hire full-time employees and expand its other California distribution centers and e- commerce warehouses, invest in facility construction and acquisitionmanufacturing equipment, freezers, refrigeration, manufacturing computer equipment, furniture and fixtures, and hire full-time employees tenant improvements as part of its expansion in San Diego, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and ). In addition, Taxpayer must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full- full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. TaxpayerTaxpayer manufactures seals and gaskets for the aerospace industry. Taxpayer has certified in its application that absent award of the CCTC, with locations its project will occur in Gilroyanother state; and, Auburn, Xxxxxx Valley, Yuba City, Rocklin, West Sacramento, Xxxxxx, San Francisco, and Santa Cruz, California, is it will terminate all or a national distributor portion of natural, organic, and specialty foods, and other natural productsits employees in California or relocate all or a portion of its employees in California to another state. In consideration for the Credit, Taxpayer agrees to complete construction of a distribution facility in Gilroy and expand its other California distribution centers and e- commerce warehouses, invest in facility construction and acquisition, freezers, refrigeration, manufacturing equipment, furniture and fixtures, and hire full-time employees and invest in a facility and manufacturing equipment and a facility as part of its expansion in Riverside or Banning, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and ). In addition, Taxpayer must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full- full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer, with locations in Gilroy, Auburn, Xxxxxx Valley, Yuba City, Rocklin, West Sacramento, Xxxxxx, San Francisco, and Santa Cruz, California, Taxpayer is a national distributor prefabricated affordable modular home manufacturer. Taxpayer has certified in its application that absent award of naturalthe California Competes Tax Credit, organicits project will occur in another state. Further, and specialty foods, and other natural productsTaxpayer has certified that at least 75% of its net increase of full-time employees will work at least 75% of the time in Brawley. Brawley was an Area of High Unemployment and/or an Area of High Poverty at the time Taxpayer submitted its application. In consideration for the Credit, Taxpayer agrees to complete construction of a distribution facility in Gilroy and expand its other California distribution centers and e- commerce warehouses, invest in facility construction and acquisition, freezers, refrigeration, manufacturing equipment, furniture and fixtures, and hire full-time employees and invest in manufacturing equipment as part of its expansion in Brawley, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and ). In addition, Taxpayer must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full- full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. TaxpayerTaxpayer manufactures truck campers and travel trailers. Taxpayer has certified in its application that absent award of the CCTC, with locations its project may occur in Gilroyanother state. Further, Auburn, Xxxxxx Valley, Yuba City, Rocklin, West Sacramento, Xxxxxx, San Francisco, and Santa Cruz, California, is a national distributor Taxpayer has certified that at least 75% of natural, organic, and specialty foods, and other natural productsits net increase of full-time employees will work at least 75% of the time in Lancaster. Lancaster was an Area of High Unemployment and/or an Area of High Poverty at the time Taxpayer submitted its application. In consideration for the Credit, Taxpayer Xxxxxxxx agrees to complete construction of a distribution facility in Gilroy and expand its other California distribution centers and e- commerce warehouses, invest in facility construction and acquisition, freezers, refrigeration, manufacturing equipment, furniture and fixtures, and hire full-time employees and invest in manufacturing equipment and facility improvements as part of its expansion in Lancaster, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and ). In addition, Taxpayer must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full- full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer, with locations in Gilroy, Auburn, Xxxxxx Valley, Yuba City, Rocklin, West Sacramento, Xxxxxx, San Francisco, and Santa Cruz, California, Taxpayer is a national distributor digital music rights company that represents artists by obtaining royalties whenever the artists’ works are used on social media platforms. Taxpayer has certified in its application that absent award of naturalthe CCTC, organic, and specialty foods, and other natural productsits project may occur in another state. In consideration for the Credit, Taxpayer agrees to complete construction of a distribution facility in Gilroy and expand its other California distribution centers and e- commerce warehouses, invest in facility construction and acquisition, freezers, refrigeration, manufacturing equipment, furniture and fixtures, and hire full-time employees and invest in tenant improvements as part of its expansion in Los Angeles, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and ). In addition, Taxpayer must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full- full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. TaxpayerTaxpayer develops mobile and web-based application that provides prescription drug pricing comparisons, with locations in Gilroy, Auburn, Xxxxxx Valley, Yuba City, Rocklin, West Sacramento, Xxxxxx, San Franciscodiscount programs, and Santa Cruzpharmacy information. Taxpayer has certified in its application that absent award of the California Competes Tax Credit, California, is a national distributor of natural, organic, and specialty foods, and other natural productsits project may occur in another state. In consideration for the Credit, Taxpayer agrees to complete construction of a distribution facility in Gilroy and expand its other California distribution centers and e- commerce warehouses, invest in facility construction and acquisition, freezers, refrigeration, manufacturing equipment, furniture and fixtures, and hire full-time employees and invest in furniture and fixtures, computer equipment, and tenant improvements as part of its expansion in Santa Xxxxxx, San Francisco, and Los Angeles, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and ). In addition, Taxpayer must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full- full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer, with locations in Gilroy, Auburn, Xxxxxx Valley, Yuba City, Rocklin, West Sacramento, Xxxxxx, San Francisco, and Santa Cruz, California, Taxpayer is a national distributor semiconductor designer and manufacturer. Taxpayer has certified in its application that absent award of naturalthe California Competes Tax Credit, organicits project will occur in another state; and, and specialty foods, and other natural productsit will terminate all or a portion of its employees in California or relocate all or a portion of its employees in California to another state. In consideration for the Credit, Taxpayer agrees to complete construction of a distribution facility in Gilroy hire full-time employees and expand its other California distribution centers and e- commerce warehouses, invest in facility construction and acquisition, freezers, refrigeration, manufacturing equipmenttenant improvements, furniture and fixtures, computer equipment, research and hire full-time employees development equipment, software licenses, manufacturing equipment, vehicles, heavy equipment, laboratory equipment, intellectual property, and a facility as part of its expansion in Oakland, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and ). In addition, Taxpayer must maintain the three (3) employee-based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full- Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full- full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer, with locations in Gilroy, Auburn, Xxxxxx Valley, Yuba City, Rocklin, West Sacramento, Xxxxxx, San Francisco, and Santa Cruz, California, Taxpayer is a national distributor footwear manufacturer. Taxpayer has certified in its application that absent award of naturalthe CCTC, organicits project may occur in another state; and, and specialty foods, and other natural productsit may terminate all or portion of its employees in California or relocate all or portion of its employees in California to another state. In consideration for the Credit, Taxpayer agrees to complete construction of a distribution facility in Gilroy and expand its other California distribution centers and e- commerce warehouses, invest in facility construction and acquisition, freezers, refrigeration, manufacturing equipment, furniture and fixtures, and hire full-time employees as part of its expansion in Sacramento, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and ). In addition, Taxpayer must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full- Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full- full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer, with locations in Gilroy, Auburn, Xxxxxx Valley, Yuba City, Rocklin, West Sacramento, Xxxxxx, San Francisco, and Santa Cruz, California, Taxpayer is a national distributor software developer that creates software for “smart” buildings, where the software authenticates individual’s right to access buildings by using a smartphone. Taxpayer has certified in its application that absent award of naturalthe California Competes Tax Credit, organic, and specialty foods, and other natural productsits project will occur in another state. In consideration for the Credit, Taxpayer Xxxxxxxx agrees to complete construction of a distribution facility in Gilroy and expand its other California distribution centers and e- commerce warehouses, invest in facility construction and acquisition, freezers, refrigeration, manufacturing equipment, furniture and fixtures, and hire full-time employees and invest in computer equipment as part of its expansion in Culver City, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and ). In addition, Taxpayer must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full- full- time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. TaxpayerTaxpayer is a manufacturer of Americans with Disabilities Act-compliant bathroom hardware and accessories, with locations in Gilroysuch shower seats, Auburn, Xxxxxx Valley, Yuba City, Rocklin, West Sacramento, Xxxxxx, San Franciscohand-grab bars, and Santa Cruz, California, is a national distributor of natural, organic, and specialty foods, and other natural productsshelves. In consideration for the Credit, Taxpayer agrees to complete construction of a distribution facility in Gilroy and expand its other California distribution centers and e- commerce warehouses, invest in facility construction and acquisition, freezers, refrigeration, manufacturing equipment, furniture and fixtures, and hire full-time employees and invest in tenant improvements and manufacturing equipment as part of its expansion in Long Beach, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and ). In addition, Taxpayer must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full- Time Employees Hired,” and “Cumulative Average Annual Wage of California Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full- full- time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer, with locations in Gilroy, Auburn, Xxxxxx Valley, Yuba City, Rocklin, West Sacramento, Xxxxxx, San Francisco, and Santa Cruz, California, Taxpayer is a national distributor manufacturer and operator of naturalhigh-speed passenger train systems. Taxpayer has certified in its application that absent award of the California Competes Tax Credit, organic, and specialty foods, and other natural productsits project may occur in another state. In consideration for the Credit, Taxpayer agrees to complete construction of a distribution facility in Gilroy hire full-time employees and expand its other California distribution centers and e- commerce warehouses, invest in facility construction and acquisition, freezers, refrigerationfacilities, manufacturing equipment, heavy equipment, furniture and fixtures, and hire full-time employees vehicles as part of its expansion in Victorville or Apple Valley, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and ). In addition, Taxpayer must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full- Time Employees Hired,” and “Cumulative Average Annual Wage of California Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full- full- time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer, with locations in Gilroy, Auburn, Xxxxxx Valley, Yuba City, Rocklin, West Sacramento, Xxxxxx, San Francisco, and Santa Cruz, California, Taxpayer is a national distributor battery energy storage system manufacturer. Taxpayer has certified in its application that absent award of naturalthe California Competes Tax Credit, organicits project may occur in another state. Further, and specialty foods, and other natural productsTaxpayer has certified that at least 75% of its net increase of full-time employees will work at least 75% of the time in Merced. Merced was an Area of High Unemployment and/or an Area of High Poverty at the time Taxpayer submitted its application. In consideration for the Credit, Taxpayer agrees to complete construction of a distribution facility in Gilroy hire full-time employees and expand its other California distribution centers and e- commerce warehouses, invest in facility construction and acquisition, freezers, refrigeration, manufacturing equipment, facilities, land, research and development equipment, vehicles, furniture and fixtures, and hire full-time employees computer equipment as part of its expansion in Merced, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and ). In addition, Taxpayer must maintain the three (3) employee-based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full- full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer, with locations in Gilroy, Auburn, Xxxxxx Valley, Yuba City, Rocklin, West Sacramento, Xxxxxx, San Francisco, and Santa Cruz, California, Taxpayer is a national distributor mobile app developer that provides real-time voice captioning for the deaf and hard of naturalhearing. Taxpayer has certified in its application that absent award of the California Competes Tax Credit, organicits project will occur in another state; and, and specialty foods, and other natural productsit may terminate all or a portion of its employees in California or relocate all or a portion of its employees in California to another state. In consideration for the Credit, Taxpayer Xxxxxxxx agrees to complete construction of a distribution facility in Gilroy and expand its other California distribution centers and e- commerce warehouses, invest in facility construction and acquisition, freezers, refrigeration, manufacturing equipment, furniture and fixtures, and hire full-time employees and invest in computer equipment and furniture and fixtures as part of its expansion in Irvine, California (collectively, the “Project”). Further, Taxpayer Xxxxxxxx agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and ). In addition, Taxpayer must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full- full- time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. TaxpayerTaxpayer is pharmaceutical research and development company that specializes in developing cancer treatments. Taxpayer has certified in its application that absent award of the CCTC, with locations its project may occur in Gilroy, Auburn, Xxxxxx Valley, Yuba City, Rocklin, West Sacramento, Xxxxxx, San Francisco, and Santa Cruz, California, is a national distributor of natural, organic, and specialty foods, and other natural productsanother state. In consideration for the Credit, Taxpayer agrees to complete construction of a distribution facility in Gilroy and expand its other California distribution centers and e- commerce warehouses, invest in facility construction and acquisition, freezers, refrigeration, manufacturing equipment, furniture and fixtures, and hire full-time employees and invest in office space, computer equipment and software as part of its expansion in Alameda, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and ). In addition, Taxpayer must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full- full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. TaxpayerTaxpayer develops and manufactures products that improve productivity, with locations in Gilroy, Auburn, Xxxxxx Valley, Yuba City, Rocklin, West Sacramento, Xxxxxx, San Franciscoprofitability, and Santa Cruzenergy efficiency within the oil and gas, California, is a national distributor of natural, organicchemical, and specialty foods, water industries by recycling and other natural productsconverting wasted pressure energy into a usable asset. In consideration for the Credit, Taxpayer Xxxxxxxx agrees to complete construction of a distribution facility in Gilroy and expand its other California distribution centers and e- commerce warehouses, invest in facility construction and acquisition, freezers, refrigeration, manufacturing equipment, furniture and fixtures, and hire full-time employees and invest in tenant improvements, research and development equipment, and manufacturing equipment as part of its expansion in San Leandro, California (collectively, the “Project”). Further, Taxpayer Xxxxxxxx agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and ). In addition, Taxpayer must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full- Time Employees Hired,” and “Cumulative Average Annual Wage of California Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full- full- time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer, with locations in Gilroy, Auburn, Xxxxxx Valley, Yuba City, Rocklin, West Sacramento, Xxxxxx, San Francisco, and Santa Cruz, California, Taxpayer is a national distributor manufacturer of naturalnatural cosmetics and skin care products. Taxpayer has certified in its application that absent award of the CCTC, organic, and specialty foods, and other natural productsits project will occur in another state. Taxpayer has certified that at least 75% of its net increase of full-time employees will work at least 75% of the time in Xxxxxxxxx. Xxxxxxxxx was an Area of High Unemployment and/or an Area of High Poverty at the time Taxpayer submitted its application. In consideration for the Credit, Taxpayer agrees to complete construction of a distribution facility in Gilroy hire full-time employees and expand its other California distribution centers and e- commerce warehouses, invest in facility construction and acquisitionland, freezers, refrigeration, manufacturing equipmenta facility, furniture and fixtures, tenant improvements, heavy equipment, and hire full-time employees manufacturing equipment as part of its expansion in Patterson, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and ). In addition, Taxpayer must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full- Time Employees Hired,” and “Cumulative Average Annual Wage of California Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full- full- time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. TaxpayerTaxpayer is a fruit/vegetable juice, with locations in Gilroypuree, Auburnconcentrate, Xxxxxx Valley, Yuba City, Rocklin, West Sacramento, Xxxxxx, San Franciscooil, and Santa Cruz, California, is a national distributor aroma manufacturer. Taxpayer has certified that at least 75% of natural, organic, and specialty foods, and other natural productsits net increase of full-time employees will work at least 75% of the time in Reedley. Reedley was an Area of High Unemployment and/or an Area of High Poverty at the time Taxpayer submitted its application. In consideration for the Credit, Taxpayer Xxxxxxxx agrees to complete construction of a distribution facility in Gilroy and expand its other California distribution centers and e- commerce warehouses, invest in facility construction and acquisition, freezers, refrigeration, manufacturing equipment, furniture and fixtures, and hire full-time employees and invest in facilities and tenant improvements as part of its expansion in Reedley, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and ). In addition, Taxpayer must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full- full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer, with locations in Gilroy, Auburn, Xxxxxx Valley, Yuba City, Rocklin, West Sacramento, Xxxxxx, San Francisco, and Santa Cruz, California, Taxpayer is a national distributor medical device manufacturer. Taxpayer has certified in its application that absent award of naturalthe California Competes Tax Credit, organic, and specialty foods, and other natural productsits project will occur in another state. In consideration for the Credit, Taxpayer agrees to complete construction of a distribution facility in Gilroy hire full-time employees and expand its other California distribution centers and e- commerce warehouses, invest in facility construction and acquisitiona facility, freezers, refrigeration, manufacturing equipmenttenant improvements, furniture and fixtures, and hire full-time employees computer equipment as part of its expansion in Rocklin and Sacramento, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and ). In addition, Taxpayer must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full- full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. TaxpayerTaxpayer is an industrial glove and polymer product manufacturer. Taxpayer has certified in its application that absent award of the California Competes Tax Credit, with locations its project may occur in Gilroyanother state; and, Auburn, Xxxxxx Valley, Yuba City, Rocklin, West Sacramento, Xxxxxx, San Francisco, and Santa Cruz, California, is it may terminate all or a national distributor portion of natural, organic, and specialty foods, and other natural productsits employees in California or relocate all or a portion of its employees in California to another state. In consideration for the Credit, Taxpayer agrees to complete construction of a distribution facility in Gilroy hire full-time employees and expand its other California distribution centers and e- commerce warehouses, invest in facility construction and acquisitiona facility, freezers, refrigeration, manufacturing equipmenttenant improvements, furniture and fixtures, manufacturing equipment, computer equipment, and hire full-time employees research and development equipment as part of its expansion in San Diego County, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and ). In addition, Taxpayer must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full- full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer, with locations Taxpayer is medical device manufacturer. Taxpayer has certified that at least 75% of its net increase of full-time employees will work at least 75% of the time in Gilroy, Auburn, Xxxxxx Valley, Yuba City, Rocklin, West Sacramento, Xxxxxx, San Francisco, and Santa Cruz, California, is a national distributor Fresno. Fresno was an Area of natural, organic, and specialty foods, and other natural productsHigh Poverty at the time taxpayer submitted its application. In consideration for the Credit, Taxpayer Xxxxxxxx agrees to complete construction of a distribution facility in Gilroy and expand its other California distribution centers and e- commerce warehouses, invest in facility construction and acquisition, freezers, refrigeration, manufacturing equipment, furniture and fixtures, and hire full-time employees and invest in intellectual property and tenant improvements as part of its expansion in Fresno, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and ). In addition, Taxpayer must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full- full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. TaxpayerTaxpayer is an online payment service provider for businesses. Taxpayer has certified in its application that absent award of the California Competes Tax Credit, with locations its project may occur in Gilroy, Auburn, Xxxxxx Valley, Yuba City, Rocklin, West Sacramento, Xxxxxx, San Francisco, and Santa Cruz, California, is a national distributor of natural, organic, and specialty foods, and other natural productsanother state. In consideration for the Credit, Taxpayer agrees to complete construction of a distribution facility in Gilroy hire full-time employees and expand its other California distribution centers and e- commerce warehouses, invest in facility construction and acquisition, freezers, refrigeration, manufacturing computer equipment, furniture and fixtures, and hire full-time employees tenant improvements as part of its expansion in South San Francisco, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and ). In addition, Taxpayer must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full- full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. TaxpayerTaxpayer is construction technology company that manufactures and produces prefabricated interior and exterior wall panels, with locations in Gilroydoor framing, Auburnroof truss assemblies, Xxxxxx Valleyflooring systems, Yuba City, Rocklin, West Sacramento, Xxxxxx, San Franciscocountertops, and Santa Cruzcabinets for rapid assembly at construction sites. Taxpayer has certified in its application that absent award of the CCTC, Californiaits project may occur in another state. Further, is a national distributor Taxpayer has certified that at least 75% of naturalits net increase of full-time employees will work at least 75% of the time in Xxxxx (San Xxxxxxx County), organicStockton, or Manteca. San Xxxxxxx County, Stockton, and specialty foods, and other natural productsManteca were Areas of High Unemployment and/or Areas of High Poverty at the time Taxpayer submitted its application. In consideration for the Credit, Taxpayer agrees to complete construction of a distribution facility in Gilroy and expand its other California distribution centers and e- commerce warehouses, invest in facility construction and acquisition, freezers, refrigeration, manufacturing equipment, furniture and fixtures, and hire full-time employees and invest in manufacturing equipment, facilities, and tenant improvements as part of its expansion in Tracy, Stockton, or Manteca, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and ). In addition, Taxpayer must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full- full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer, with locations in Gilroy, Auburn, Xxxxxx Valley, Yuba City, Rocklin, West Sacramento, Xxxxxx, San Francisco, and Santa Cruz, California, Taxpayer is a national distributor of natural, organic, reusable glass bottled water manufacturing and specialty foods, and other natural productsdistribution company. In consideration for the Credit, Taxpayer Xxxxxxxx agrees to complete construction of a distribution facility in Gilroy and expand its other California distribution centers and e- commerce warehouses, invest in facility construction and acquisition, freezers, refrigeration, manufacturing equipment, furniture and fixtures, and hire full-time employees and invest in tenant improvements and manufacturing equipment as part of its expansion in Richmond, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and ). In addition, Taxpayer must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full- full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer, with locations in Gilroy, Auburn, Xxxxxx Valley, Yuba City, Rocklin, West Sacramento, Xxxxxx, San Francisco, and Santa Cruz, California, Taxpayer is a national distributor of natural, organic, reusable glass bottled water manufacturing and specialty foods, and other natural productsdistribution company. In consideration for the Credit, Taxpayer agrees to complete construction of a distribution facility in Gilroy and expand its other California distribution centers and e- commerce warehouses, invest in facility construction and acquisition, freezers, refrigeration, manufacturing equipment, furniture and fixtures, and hire full-time employees and invest in tenant improvements and manufacturing equipment as part of its expansion in Richmond, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and ). In addition, Taxpayer must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full- full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. TaxpayerTaxpayer manufactures meat snacks. Taxpayer has certified in its application that absent award of the CCTC, with locations its project may occur in Gilroyanother state; and, Auburnit may terminate all or a portion of its employees in California or relocate all or a portion of its employees in California to another state. Further, Xxxxxx Valley, Yuba City, Rocklin, West Sacramento, Xxxxxx, Taxpayer has certified that at least 75% of its net increase of full-time employees will work at least 75% of the time in San Francisco, and Santa Cruz, California, is a national distributor Bernardino. San Bernardino was an Area of natural, organic, and specialty foods, and other natural productsHigh Unemployment and/or an Area of High Poverty at the time Taxpayer submitted its application. In consideration for the Credit, Taxpayer Xxxxxxxx agrees to complete construction of a distribution facility in Gilroy and expand its other California distribution centers and e- commerce warehouses, invest in facility construction and acquisition, freezers, refrigeration, manufacturing equipment, furniture and fixtures, and hire full-time employees and invest in a facility, facility improvements, and manufacturing, heavy, and food processing equipment as part of its expansion in San Bernardino, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and ). In addition, Taxpayer must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full- full- time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. TaxpayerTaxpayer designs and develops advanced digital imaging technology used in the aerospace industry and consumer, with locations in Gilroy, Auburn, Xxxxxx Valley, Yuba City, Rocklin, West Sacramento, Xxxxxx, San Franciscoprofessional, and Santa Cruzindustrial markets. Taxpayer has certified in its application that absent award of the California Competes Tax Credit, Californiaits project may occur in another state; and, is it may terminate all or a national distributor portion of natural, organic, and specialty foods, and other natural productsits employees in California or relocate all or a portion of its employees in California to another state. In consideration for the Credit, Taxpayer agrees to complete construction of a distribution facility in Gilroy and expand its other California distribution centers and e- commerce warehouses, invest in facility construction and acquisition, freezers, refrigeration, manufacturing equipment, furniture and fixtures, and hire full-time employees and invest in a facility, tenant improvements, research and development equipment, manufacturing equipment, laboratory equipment, computer equipment, software licenses, and intellectual property as part of its expansion in Thousand Oaks, Goleta, and San Luis Obispo, California (collectively, the “Project”). Further, Taxpayer Xxxxxxxx agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and ). In addition, Taxpayer must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full- full- time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. TaxpayerTaxpayer is a full-service boatyard, with locations supporting multiple sectors in Gilroythe maritime industry including yachts, Auburn, Xxxxxx Valley, Yuba commercial and government ships; focused primarily on repairing and constructing boats up to 220’ in two boatyards located in Chula Vista and National City, RocklinCalifornia. Taxpayer has certified in its application that absent award of the CCTC, West Sacramento, Xxxxxx, San Francisco, and Santa Cruz, California, is it may terminate all or a national distributor portion of natural, organic, and specialty foods, and other natural productsits employees in California or relocate all or a portion of its employees in California to another state. In consideration for the Credit, Taxpayer agrees to complete construction of a distribution facility in Gilroy and expand its other California distribution centers business through investment in new and e- commerce warehousesupgraded boat docks, invest in facility construction and acquisition, freezers, refrigeration, manufacturing heavy equipment, furniture and fixturesmake tenant improvements to both of its California facilities. Additionally, and Taxpayer will hire full-time employees as part of its expansion (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A “A” (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full- Full-time employees, determined on an annual full-full- time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” Taxpayer may use the salaries of any of the Full-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by Taxpayer the taxpayer for the entire taxable year shall be annualized.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. TaxpayerTaxpayer manufactures packaging for temperature-controlled items, with locations such as meal delivery kits. Taxpayer has certified in Gilroyits application that absent award of the California Competes Tax Credit, Auburnits project will occur in another state; and, Xxxxxx Valley, Yuba City, Rocklin, West Sacramento, Xxxxxx, San Francisco, and Santa Cruz, California, is it may terminate all or a national distributor portion of natural, organic, and specialty foods, and other natural productsits employees in California or relocate all or a portion of its employees in California to another state. In consideration for the Credit, Taxpayer agrees to complete construction of a distribution facility in Gilroy hire full-time employees and expand its other California distribution centers and e- commerce warehouses, invest in facility construction and acquisition, freezers, refrigeration, manufacturing equipment, a facility, heavy equipment, tenant improvements, furniture and fixtures, and hire full-time employees computer equipment as part of its expansion in Oxnard and Oakland, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and ). In addition, Taxpayer must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full- full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer, with locations in Gilroy, Auburn, Xxxxxx Valley, Yuba City, Rocklin, West Sacramento, Xxxxxx, San Francisco, and Santa Cruz, California, Taxpayer is a national distributor customer relationship management software developer. Taxpayer has certified in its application that absent award of naturalthe California Competes Tax Credit, organic, and specialty foods, and other natural productsits project may occur in another state. In consideration for the Credit, Taxpayer Xxxxxxxx agrees to complete construction of a distribution facility in Gilroy hire full-time employees and expand its other California distribution centers and e- commerce warehouses, invest in facility construction and acquisitionoffice space, freezers, refrigeration, manufacturing equipmenttenant improvements, furniture and fixtures, and hire full-time employees computer equipment as part of its expansion in San Francisco, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and ). In addition, Taxpayer must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full- full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. TaxpayerTaxpayer is life science and technology company that provides services such as biopharmaceutical manufacturing, with locations in Gilroysample preparation, Auburnanalytics, Xxxxxx Valley, Yuba City, Rocklin, West Sacramento, Xxxxxx, San Franciscotesting services, and Santa Cruzresearch and development. Taxpayer has certified in its application that absent award of the CCTC, California, is a national distributor of natural, organic, and specialty foods, and other natural productsits project may occur in another state. In consideration for the Credit, Taxpayer agrees to complete construction of a distribution facility in Gilroy hire full-time employees and expand its other California distribution centers and e- commerce warehouses, invest in facility construction and acquisitionvehicles, freezers, refrigeration, manufacturing computer equipment, furniture and fixtures, and hire full-time employees a facility as part of its expansion in Visalia, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and ). In addition, Taxpayer must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full- full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. TaxpayerTaxpayer provides custom design, with locations in Gilroyresearch and development, Auburn, Xxxxxx Valley, Yuba City, Rocklin, West Sacramento, Xxxxxx, San Franciscoprototype, and Santa Cruzmanufacturing of micro and nano-sized semiconductors. Taxpayer has certified in its application that absent award of the CCTC, California, is it may terminate all or a national distributor portion of natural, organic, and specialty foods, and other natural productsits employees in California or relocate all or a portion of its employees in California to another state. In consideration for the Credit, Taxpayer agrees to complete construction of a distribution facility in Gilroy hire full-time employees and expand its other California distribution centers and e- commerce warehouses, invest in facility construction and acquisition, freezers, refrigeration, manufacturing computer equipment, furniture and fixtures, research and hire full-time employees development equipment, office space, and a facility as part of its expansion in Richmond, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and ). In addition, Taxpayer must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full- full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer, with locations located in Gilroy, Auburn, Xxxxxx Valley, Yuba City, Rocklin, West Sacramento, Xxxxxx, San Francisco, Stockton and Santa CruzLa Habra, California, is a national distributor of natural, organic, manufactures and specialty foods, distributes chemical sanitation products used primarily in the food and other natural productsdairy industries. In consideration for the Credit, Taxpayer agrees to complete construction invest in tenant improvements, fleet vehicles, computer equipment, software licenses, office furniture, laboratory instruments, forklifts, bulk storage tanks, packaging equipment, a soft water system, a piping system and other manufacturing equipment related to sanitation of a distribution food processing equipment. Taxpayer will also reconstruct its existing facility in Gilroy and expand its other California distribution centers and e- commerce warehousesLa Habra, invest in facility construction and acquisitionCalifornia, freezersto improve fleet vehicle access points. Additionally, refrigeration, manufacturing equipment, furniture and fixtures, and Taxpayer will hire full-time employees to support its expansion goals (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A “A” (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full- Full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” Taxpayer may use the salaries of any of the Full-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by Taxpayer the taxpayer for the entire taxable year shall be annualized.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. TaxpayerTaxpayer is an industrial paint and powder coating manufacturer. Taxpayer has certified in its application that absent award of the California Competes Tax Credit, with locations it may terminate all or a portion of its employees in Gilroy, Auburn, Xxxxxx Valley, Yuba City, Rocklin, West Sacramento, Xxxxxx, San Francisco, and Santa Cruz, California, is California or relocate all or a national distributor portion of natural, organic, and specialty foods, and other natural productsits employees in California to another state. In consideration for the Credit, Taxpayer agrees to complete construction of a distribution facility in Gilroy and expand its other California distribution centers and e- commerce warehouses, invest in facility construction and acquisition, freezers, refrigeration, manufacturing equipment, furniture and fixtures, and hire full-time employees and invest in manufacturing equipment, tenant improvements, and vehicles as part of its expansion in South El Monte, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and ). In addition, Taxpayer must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full- full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

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