Common use of Project/Milestones Clause in Contracts

Project/Milestones. Taxpayer is a developer of 3-D wearable virtual imagery devices that are capable of superimposing 3-D imagery onto real world objects. In consideration for the Credit, Xxxxxxxx agrees to hire full- time employees and invest in research and development equipment, computers, office equipment, and facility improvements as part of its expansion in Mountain View and Santa Monica, 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-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 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.

Appears in 3 contracts

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

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Project/Milestones. Taxpayer is a developer manufacturer and retailer of 3-D wearable virtual imagery devices cosmetics and beauty accessories. Taxpayer has certified in its application that are capable absent award of superimposing 3-D imagery onto real world objectsthe CCTC, the project may occur in another state. In consideration for the Credit, Xxxxxxxx agrees to hire full- full-time employees and invest in research and development computer equipment, computerstenant improvements, office equipmentfurniture and fixtures, and a facility improvements as part of its expansion in Mountain View and Santa Monica, the Central Valley of 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-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 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.

Appears in 3 contracts

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

Project/Milestones. Taxpayer is a developer of 3-D wearable virtual imagery devices fashion specialty retailer. Taxpayer has certified in its application that are capable of superimposing 3-D imagery onto real world objectsabsent a CCTC award, its project may occur in another state. In consideration for the Credit, Xxxxxxxx Taxpayer agrees to hire full- full-time employees and invest in research real property, furniture and development equipmentfixtures, computers, office distribution equipment, and facility improvements the construction of a distribution center for online order fulfillment and/or in-store inventory support as part of its expansion in Mountain View and Santa MonicaFresno or Visalia, 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-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 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.

Appears in 3 contracts

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

Project/Milestones. Taxpayer is a developer of 3-D wearable virtual imagery devices farming and food processing company that specializes in organic and eco- farmed rice and rice products that are capable of superimposing 3-D imagery onto real world objectssold both domestically and internationally. In consideration for the Credit, Xxxxxxxx Taxpayer agrees to invest in laboratory instruments, research and development, computer, and food processing equipment, land, furniture and fixtures, tenant improvements, software licenses, and vehicles, and hire full- full-time employees and invest in research and development equipment, computers, office equipment, and facility improvements as part of its expansion in Mountain View and Santa MonicaRichvale, 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-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 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.

Appears in 2 contracts

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

Project/Milestones. Taxpayer is based in Industry, California, and manufactures snack foods for nationwide distribution. Taxpayer has certified in its application that absent a developer CCTC award, its project will occur in another state and it will terminate or relocate all or a portion of 3-D wearable virtual imagery devices that are capable of superimposing 3-D imagery onto real world objectsits employees in California. In consideration for the Credit, Xxxxxxxx agrees to hire full- time employees purchase a warehouse, food processing and invest in research and development equipment, computers, office agricultural equipment, and facility improvements as part of its expansion in Mountain View and Santa Monicavehicles. In addition, California Taxpayer agrees to 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 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.

Appears in 2 contracts

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

Project/Milestones. Taxpayer is a developer of 3-D wearable virtual imagery devices Taxpayer, located in San Francisco, California, serves as Macy’s and Bloomingdale’s e- commerce division, fulfilling customers’ orders that are capable placed online, via a mobile device, or from one of superimposing 3-D imagery onto real world objectstheir retail stores. In consideration for the Credit, Xxxxxxxx Taxpayer agrees to hire full- increase the size of its San Francisco headquarters by investing in tenant improvements, leasing additional office space, and computers, and hiring full-time employees and invest in research and development equipment, computers, office equipment, and facility improvements as part of its expansion in Mountain View and Santa Monica, California (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 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.

Appears in 2 contracts

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

Project/Milestones. Taxpayer is a developer multinational manufacturer and supplier of 3-D wearable virtual imagery devices advanced polymer composites used in aerospace, consumer electronics, and industrial applications. Taxpayer has certified in its application that are capable absent award of superimposing 3-D imagery onto real world objectsthe CCTC, its project may occur in another state. In consideration for the Credit, Xxxxxxxx Taxpayer agrees to hire full- full-time employees and invest in research and development equipment, computers, office equipment, and facility improvements manufacturing equipment as part of its expansion in Mountain View Xxxxxx Xxxx and Santa MonicaFairfield, 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-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 full-time employees hired 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 salary 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 is a developer multinational manufacturer and supplier of 3-D wearable virtual imagery devices advanced polymer composites used in aerospace, consumer electronics, and industrial applications. Taxpayer has certified in its application that are capable absent award of superimposing 3-D imagery onto real world objectsthe CCTC, its project may occur in another state. In consideration for the Credit, Xxxxxxxx agrees to hire full- full-time employees and invest in research and development equipment, computers, office equipment, and facility improvements manufacturing equipment as part of its expansion in Mountain View Xxxxxx Xxxx and Santa MonicaFairfield, 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-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 full-time employees hired 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 salary 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 is a developer packager, assembler, sterilizer and manufacturer of 3-D wearable virtual imagery devices medical devices. Taxpayer has certified in its application that are capable absent award of superimposing 3-D imagery onto real world objectsthe CCTC, the project will occur in another state. In consideration for the Credit, Xxxxxxxx Taxpayer agrees to expand its medical device manufacturing facility in Santa Fe, California, invest in manufacturing equipment, vehicles, furniture, tenant improvements, and computers and hire full- full-time employees and invest in research and development equipment, computers, office equipment, and facility improvements as part of its expansion in Mountain View and Santa Monica, California (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 fullFull-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 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.

Appears in 2 contracts

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

Project/Milestones. Taxpayer is a developer full service contractor specializing in the complete furnish and installation of 3reinforcing steel and post-D wearable virtual imagery devices that are capable of superimposing 3-D imagery onto real world objectstensioning materials used during construction projects. Specifically, Taxpayer’s products significantly strengthen concrete structures by increasing their tensile strength. In consideration for the Credit, Xxxxxxxx Taxpayer agrees to hire full- time employees and invest in research vehicles, manufacturing and development equipment, computers, office computer equipment, and facility improvements software licenses, and hire full-time employees as part of its expansion in Mountain View Fairfield, San Diego, and Santa MonicaLos Angeles, 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-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 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.

Appears in 2 contracts

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

Project/Milestones. Taxpayer Taxpayer, located in San Diego, California, is a developer pharmaceutical manufacturer and contract filler of 3-D wearable virtual imagery devices drugs in syringes/vials. Taxpayer has certified in its application that are capable absent a CCTC award, it may terminate or relocate all or a portion of superimposing 3-D imagery onto real world objectsits employees in California. In consideration for the Credit, Xxxxxxxx Taxpayer agrees to hire full- time employees and invest in research and development equipmenttenant improvements, computerslaboratory instruments, office furniture, software licenses, manufacturing equipment, and facility improvements as part of its expansion in Mountain View and Santa Monica, California 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 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.

Appears in 2 contracts

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

Project/Milestones. Taxpayer is a developer of 3-D wearable virtual imagery devices that are capable of superimposing 3-D imagery onto real world objectsbiopharmaceutical company located in San Diego, California. In consideration for the Credit, Xxxxxxxx agrees to hire full- time employees expand research and development of treatments for oncology and degenerative diseases. Xxxxxxxx agrees to invest in research and development equipment, computers, office computer equipment, furniture, tenant improvements, patents and facility improvements building construction. Additionally, Taxpayer will hire full-time employees as part of its expansion in Mountain View and Santa Monica, California (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 fullFull-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 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 the 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.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a developer provider of 3-D wearable virtual imagery devices that are capable of superimposing 3-D imagery onto real world objectssingle use systems and components used in the pharmaceutical, biotech, and food and beverage industries. In addition, Taxpayer offers fabrication services for custom plastic and stainless steel products used by these industries in their manufacturing processes. In consideration for the Credit, Xxxxxxxx Taxpayer agrees to hire full- time employees and invest in research tenant improvements and development equipment, computers, office manufacturing equipment, and facility improvements hire full-time employees as part of its expansion in Mountain View and Santa MonicaCamarillo, 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-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 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.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is an aircraft repair and parts manufacturer. 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 developer portion of 3-D wearable virtual imagery devices that are capable its employees in California or relocate all or a portion of superimposing 3-D imagery onto real world objectsits employees in California to another state. In consideration for the Credit, Xxxxxxxx Taxpayer agrees to hire full- full-time employees and invest in research manufacturing and development equipment, computers, office equipment, and facility improvements computer equipment as part of its expansion in Mountain View and Santa MonicaMcClellan, 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-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 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.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a developer of 3-D wearable virtual imagery devices that are capable of superimposing 3-D imagery onto real world objectsan electric vehicle, powertrain component, and battery manufacturer. In consideration for the Credit, Xxxxxxxx Taxpayer agrees to hire full- time employees expand its operations at various locations throughout California, including Fremont, Palo Alto, Lathrop, and Hawthorne. Additionally, Taxpayer will invest in the purchase of real property, tenant improvements, manufacturing equipment, research and development equipment, computers, office equipment, and facility improvements hire full- time employees as part of its expansion in Mountain View and Santa Monica, 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-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 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.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a developer furniture accessory designer and manufacturer. Taxpayer has certified that at least 75% of 3its net increase of full-D wearable virtual imagery devices that are capable time employees will work at least 75% of superimposing 3-D imagery onto real world objectsthe time in the city of Xxxxxxx. Compton was an area of high unemployment and/or poverty at the time Taxpayer submitted its application. In consideration for the Credit, Xxxxxxxx Taxpayer agrees to hire full- full-time employees and invest in research and development equipment, computers, office equipment, and facility improvements manufacturing equipment as part of its expansion in Mountain View and Santa MonicaCompton, 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-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 full-time employees hired 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 salary 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 is a developer of 3-D wearable virtual imagery devices that are capable of superimposing 3-D imagery onto real world objectsbiopharmaceutical company located in San Diego, California. In consideration for the Credit, Xxxxxxxx Taxpayer agrees to hire full- time employees expand research and development of treatments for oncology and degenerative diseases. Taxpayer agrees to invest in research and development equipment, computers, office computer equipment, furniture, tenant improvements, patents and facility improvements building construction. Additionally, Taxpayer will hire full-time employees as part of its expansion in Mountain View and Santa Monica, California (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 fullFull-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 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 the 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.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a developer provider of 3-D wearable virtual imagery devices that are capable of superimposing 3-D imagery onto real world objectssingle use systems and components used in the pharmaceutical, biotech, and food and beverage industries. In addition, Taxpayer offers fabrication services for custom plastic and stainless steel products used by these industries in their manufacturing processes. In consideration for the Credit, Xxxxxxxx agrees to hire full- time employees and invest in research tenant improvements and development equipment, computers, office manufacturing equipment, and facility improvements hire full-time employees as part of its expansion in Mountain View and Santa MonicaCamarillo, 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-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 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.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a developer of 3-D wearable virtual imagery devices that are capable of superimposing 3-D imagery onto real world objectsvideo game developer. In consideration for the Credit, Xxxxxxxx Taxpayer agrees to hire full- full-time employees and invest in research and development equipment, computers, office equipment, and facility improvements as part of its expansion in Mountain View and Santa MonicaSan 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-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 full-time employees hired 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 salary 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 is develops software used in the healthcare industry. Taxpayer has certified in its application that absent award of the CCTC, its project may occur in another state; and, it may terminate all or a developer portion of 3-D wearable virtual imagery devices that are capable its employees in California or relocate all or a portion of superimposing 3-D imagery onto real world objectsits employees in California to another state. In consideration for the Credit, Xxxxxxxx Taxpayer agrees to hire full- full-time employees and invest in research computer equipment and development equipment, computers, office equipment, and facility improvements software licenses as part of its expansion in Mountain View and Santa MonicaTemecula, 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-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 full-time employees hired 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 salary 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 is a developer manufacturer and retailer of 3-D wearable virtual imagery devices utility belts and other accessories. Taxpayer has certified in its application that are capable absent award of superimposing 3-D imagery onto real world objectsthe CCTC, the project will occur in another state. In consideration for the Credit, Xxxxxxxx Taxpayer agrees to hire full- full-time employees and invest in research and development computer equipment, computerssoftware licenses, office equipmentfurniture and fixtures, and a facility improvements as part of its expansion in Mountain View and Santa MonicaEl Dorado Hills, 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-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 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.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a developer designer and manufacturer of 3-D wearable virtual imagery devices that are capable of superimposing 3-D imagery onto real world objectsunmanned aerial systems for use by commercial, agricultural, law enforcement, military, and government consumers. In consideration for the Credit, Xxxxxxxx Taxpayer agrees to hire full- full-time employees and invest in real property, tenant improvements, research and development equipment, computers, office equipmentfurniture and fixtures, and facility improvements laboratory equipment as part of its expansion relocation from the state of Indiana to Vista, Carlsbad, or other location in Mountain View and Santa MonicaSan Diego County, 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-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 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.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a developer of 3-D wearable virtual imagery devices that are capable of superimposing 3-D imagery onto real world objectsan international clean and renewable energy company in Vista, California. In consideration for the Credit, Xxxxxxxx Taxpayer agrees to hire full- time employees and expand its operations with the purchase of a commercial building used to manufacture Algae based products. As part of its expansion, Taxpayer will invest in manufacturing equipment, research and development equipmentdevelopment, computers, office equipmentfurniture, patents and facility improvements fleet vehicles. Additionally, Taxpayer will hire full-time employees as part of its expansion in Mountain View and Santa Monica, California (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 fullFull-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 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 the 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.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a developer of 3-D wearable virtual imagery devices that are capable of superimposing 3-D imagery onto real world objectsdesigns, develops and manufactures optoelectronics and advanced electronic systems for the medical, semiconductor, defense, biotech, aerospace, energy conservation, and industrial manufacturing industries. In consideration for the Credit, Xxxxxxxx Taxpayer agrees to invest in manufacturing equipment, computer equipment, and make upgrades to improve manufacturing processes at its facility in Fremont, California. In addition, Taxpayer agrees to hire full- full-time employees and invest in research and development equipment, computers, office equipment, and facility improvements as part of to support its expansion in Mountain View and Santa Monica, 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-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 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.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is manufactures precision casting parts for computers, jewelry, radar, and aerospace equipment in Burbank, California. Taxpayer has certified in its application that absent award of the CCTC, it may terminate or relocate all or a developer portion of 3-D wearable virtual imagery devices that are capable of superimposing 3-D imagery onto real world objectsits employees in California to another state. In consideration for the Credit, Xxxxxxxx Taxpayer agrees to hire full- time employees and invest in research and development equipmenttenant improvements, computers, office purchase manufacturing equipment, and facility improvements as part of its expansion in Mountain View and Santa Monica, California 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 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.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a developer manufacturer of 3wire, coil, and leaf springs used for transportation and other industrial applications. Taxpayer also manufactures and distributes safety-D wearable virtual imagery devices that are capable of superimposing 3-D imagery onto real world objectsrelated products for heavy duty tractor/trailer applications such as fenders and bracket kits. In consideration for the Credit, Xxxxxxxx Taxpayer agrees to hire full- time employees and invest in research and development computer equipment, computers, office manufacturing equipment, and facility improvements vehicles, and hire full-time employees as part of its expansion in Mountain View Fresno, and Santa Monica, other areas of 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-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 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.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a developer designer and manufacturer of 3-D wearable virtual imagery devices that are capable of superimposing 3-D imagery onto real world objectsunmanned aerial systems for use by commercial, agricultural, law enforcement, military, and government consumers. In consideration for the Credit, Xxxxxxxx agrees to hire full- full-time employees and invest in real property, tenant improvements, research and development equipment, computers, office equipmentfurniture and fixtures, and facility improvements laboratory equipment as part of its expansion relocation from the state of Indiana to Vista, Carlsbad, or other location in Mountain View and Santa MonicaSan Diego County, 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-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 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.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a developer of 3-D wearable virtual imagery devices that are capable of superimposing 3-D imagery onto real world objectsgraphic design studio. In consideration for the Credit, Xxxxxxxx Taxpayer agrees to hire full- full-time employees and invest in research and development equipment, computers, office equipment, and facility improvements as part of its expansion in Mountain View and Santa MonicaSan 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-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 full-time employees hired 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 salary 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 is a developer markets and sells premium wines directly to consumers on behalf of 3-D wearable virtual imagery devices wineries. Taxpayer has certified in its application that are capable absent award of superimposing 3-D imagery onto real world objectsthe CCTC, the project will occur in another state. In consideration for the Credit, Xxxxxxxx Taxpayer agrees to hire full- time employees expand its Santa Xxxx call center, lease a new facility, and invest in research and development tenant improvements, equipment, computers, office equipment, furniture and facility improvements as part of its expansion in Mountain View software and Santa Monica, California hire full-time employees (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 fullFull-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 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 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.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is an aircraft repair and parts manufacturer. 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 developer portion of 3-D wearable virtual imagery devices that are capable its employees in California or relocate all or a portion of superimposing 3-D imagery onto real world objectsits employees in California to another state. In consideration for the Credit, Xxxxxxxx agrees to hire full- full-time employees and invest in research manufacturing and development equipment, computers, office equipment, and facility improvements computer equipment as part of its expansion in Mountain View and Santa MonicaMcClellan, 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-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 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.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is develops shopping rewards mobile device applications. Taxpayer has certified in its application that absent award of the CCTC, its project may occur in another state; and, it may terminate all or a developer portion of 3-D wearable virtual imagery devices that are capable its employees in California or relocate all or a portion of superimposing 3-D imagery onto real world objectsits employees in California to another state. In consideration for the Credit, Xxxxxxxx Taxpayer agrees to hire full- full-time employees and invest in research and development equipment, computers, office equipment, and facility tenant improvements as part of its expansion in Mountain View and Santa MonicaVenice, 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-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 full-time employees hired 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 salary 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 is a developer of 3start-D wearable virtual imagery devices up Internet business that are capable of superimposing 3-D imagery onto real world objectswill sell and distribute environmental protection products such as erosion blanket staples, sandbags, straw waffles, fencing, and orange poly warning barriers across North America to construction site management companies. In consideration for the Credit, Xxxxxxxx Taxpayer agrees to hire full- full-time employees and invest in research computer equipment and development equipment, computers, office equipment, and facility improvements space as part of its expansion in Mountain View and Santa MonicaValencia, 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-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 full-time employees hired 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 salary 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 is a developer of 3medical device company that develops and markets a neuromodulation product that attaches to the body and uses non-D wearable virtual imagery devices that are capable of superimposing 3-D imagery onto real world objectsinvasive electrical stimuli to treat chronic pain. In consideration for the Credit, Xxxxxxxx agrees to hire full- full-time employees and invest in research and development computer equipment, computerslaboratory instruments, office equipmenttenant improvements, and facility improvements furniture and fixtures as part of its expansion in Mountain View and Santa MonicaRedwood 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-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 full-time employees hired 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 salary 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 is developing and will operate a developer post-consumer carpet recycling business. Taxpayer has certified in its application that absent award of 3-D wearable virtual imagery devices that are capable of superimposing 3-D imagery onto real world objectsthe CCTC, its project may occur in another state. In consideration for the Credit, Xxxxxxxx Taxpayer agrees to hire full- full-time employees and invest in research office space, tenant improvements, laboratory, manufacturing, and development computer equipment, computers, office equipmentvehicles, and facility improvements furniture and fixtures as part of its expansion in Mountain View and Santa MonicaRancho Cucamonga, 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-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 full-time employees hired 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 salary 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 is develops shopping rewards mobile device applications. Taxpayer has certified in its application that absent award of the CCTC, its project may occur in another state; and, it may terminate all or a developer portion of 3-D wearable virtual imagery devices that are capable its employees in California or relocate all or a portion of superimposing 3-D imagery onto real world objectsits employees in California to another state. In consideration for the Credit, Xxxxxxxx agrees to hire full- full-time employees and invest in research and development equipment, computers, office equipment, and facility tenant improvements as part of its expansion in Mountain View and Santa MonicaVenice, 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-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 full-time employees hired 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 salary 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 is a developer manufacturer of 3-D wearable virtual imagery devices that are capable of superimposing 3-D imagery onto real world objectsmen’s personal care products, specializing in xxxxx care products such as xxxxx oils, balms, waxes, washes, and xxxxx. In consideration for the Credit, Xxxxxxxx Taxpayer agrees to hire full- full-time employees and invest in research manufacturing and development computer equipment, computerssoftware licenses, office equipmentspace, furniture and fixtures, tenant improvements, and facility improvements heavy equipment as part of its expansion in Mountain View and Santa MonicaEl Dorado Hills, 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-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 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.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a developer clinical-stage biopharmaceutical company specializing in the development of 3-D wearable virtual imagery devices that are capable of superimposing 3-D imagery onto real world objectscancer immunotherapy products. In consideration for the Credit, Xxxxxxxx Taxpayer agrees to hire full- full-time employees and invest in computer equipment, furniture and fixtures, laboratory instruments, research and development equipment, computerssoftware licenses, office equipmentspace, and facility tenant improvements as part of its expansion in Mountain View El Segundo, Santa Xxxxxx, and Santa MonicaLos Angeles, 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-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 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.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is produces large containers made from corrugated cardboard with a developer of 3-D wearable virtual imagery devices that are capable of superimposing 3-D imagery onto real world objectswaterproof liner. These "boxes" can be used by aircraft with cargo capacity to drop water on wildfires; or, when filled with gravel, for emergency flood control barriers. In consideration for the Credit, Xxxxxxxx Taxpayer agrees to invest in manufacturing equipment, facility construction, and tenant improvements, and hire full- full-time employees and invest in research and development equipment, computers, office equipment, and facility improvements as part of its expansion in Mountain View and Santa MonicaFresno, 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-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 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.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a developer furniture accessory designer and manufacturer. Taxpayer has certified that at least 75% of 3its net increase of full-D wearable virtual imagery devices that are capable time employees will work at least 75% of superimposing 3-D imagery onto real world objectsthe time in the city of Xxxxxxx. Compton was an area of high unemployment and/or poverty at the time Taxpayer submitted its application. In consideration for the Credit, Xxxxxxxx agrees to hire full- full-time employees and invest in research and development equipment, computers, office equipment, and facility improvements manufacturing equipment as part of its expansion in Mountain View and Santa MonicaCompton, 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-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 full-time employees hired 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 salary 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 is a developer of 3-D wearable virtual imagery devices that are capable of superimposing 3-D imagery onto real world objectsmedical device contract manufacturer, providing initial design, device manufacturing, packaging, and regulatory compliance services. In consideration for the Credit, Taxpayer agrees to make leasehold improvements to its current facility in Baldwin Park, California to include a medical research and development lab. In addition, Xxxxxxxx agrees to hire full- time employees and invest in research and development equipment, computerscomputer equipment, office equipmentfurniture, and facility improvements as part of hire full-time employees to support its expansion in Mountain View and Santa Monica, 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-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 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.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a developer of 3-D wearable virtual imagery devices that are capable of superimposing 3-D imagery onto real world objectsmedical device contract manufacturer, providing initial design, device manufacturing, packaging, and regulatory compliance services. In consideration for the Credit, Xxxxxxxx Taxpayer agrees to hire full- time employees make leasehold improvements to its current facility in Baldwin Park, California to include a medical research and development lab. In addition, Taxpayer agrees to invest in research and development equipment, computerscomputer equipment, office equipmentfurniture, and facility improvements as part of hire full-time employees to support its expansion in Mountain View and Santa Monica, 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-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 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.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a developer polymer materials designer and produces engineered compounds for the plastics and fiber industries. Taxpayer has certified in its application that absent award of 3-D wearable virtual imagery devices that are capable of superimposing 3-D imagery onto real world objectsthe CCTC, its project will occur in another state. In consideration for the Credit, Xxxxxxxx Taxpayer agrees to hire full- full-time employees and invest in research and development manufacturing equipment, computers, office equipmentfurniture and fixtures, and facility tenant improvements as part of its expansion in Mountain View and Santa MonicaRancho Xxxxxxxxx, 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-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 full-time employees hired 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.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a developer of 3start-D wearable virtual imagery devices up Internet business that are capable of superimposing 3-D imagery onto real world objectswill sell and distribute environmental protection products such as erosion blanket staples, sandbags, straw waffles, fencing, and orange poly warning barriers across North America to construction site management companies. In consideration for the Credit, Xxxxxxxx agrees to hire full- full-time employees and invest in research computer equipment and development equipment, computers, office equipment, and facility improvements space as part of its expansion in Mountain View and Santa MonicaValencia, 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-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 full-time employees hired 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 salary 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 is a developer of 3an aerial firefighting company that specializes in wildland firefighting by converting aircraft into air-D wearable virtual imagery devices that are capable of superimposing 3-D imagery onto real world objectstankers and assisting western states with wildfire suppression. In consideration for the Credit, Xxxxxxxx Taxpayer agrees to hire full- full-time employees and invest in research and development software, tenant improvements, transportation equipment, computers, office computer equipment, vehicles, and facility improvements construction of a building as part of its expansion in Mountain View and Santa MonicaChico, 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-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 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.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is researches and manufactures prescription medicine used to treat a developer myriad of 3-D wearable virtual imagery devices that are capable of superimposing 3-D imagery onto real world objectsdiseases and ailments including cancer, asthma, and hemophilia. In consideration for the Credit, Xxxxxxxx Taxpayer agrees to hire full- full-time employees and invest in manufacturing equipment, vehicles, computer equipment, tenant improvements, furniture and fixtures, laboratory instruments, research and development equipment, computers, office equipment, and facility improvements software licenses as part of its expansion in Mountain View and Santa MonicaFremont, 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-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 full-time employees hired 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 salary 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 is intends to manufacture high-recycled content packaging products for the food, beverage, and cosmetics industries. Specifically, Taxpayer will establish a developer of 3-D wearable virtual imagery devices that are capable of superimposing 3-D imagery onto real world objectsrecycling and manufacturing facility to produce bottles, clamshells, and beverage cups. In consideration for the Credit, Xxxxxxxx Taxpayer agrees to invest in manufacturing equipment and tenant improvements, establish a recycling and manufacturing facility, and hire full- full-time employees and invest in research and development equipment, computers, office equipment, and facility improvements as part of its expansion in Mountain View and Santa MonicaVernon, 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-time Employees Hired,” Taxpayer may use the salaries of any of the full-time employees hired 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.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a developer of 3-D wearable virtual imagery devices farming and food processing company that specializes in organic and eco- farmed rice and rice products that are capable of superimposing 3-D imagery onto real world objectssold both domestically and internationally. In consideration for the Credit, Xxxxxxxx agrees to invest in laboratory instruments, research and development, computer, and food processing equipment, land, furniture and fixtures, tenant improvements, software licenses, and vehicles, and hire full- full-time employees and invest in research and development equipment, computers, office equipment, and facility improvements as part of its expansion in Mountain View and Santa MonicaRichvale, 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-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 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.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is conducts research and development for electric vehicles, autonomous driving, and related technologies. Taxpayer has certified in its application that absent award of the CCTC, it may terminate all or a developer portion of 3-D wearable virtual imagery devices that are capable its employees in California or relocate all or a portion of superimposing 3-D imagery onto real world objectsits employees in California to another state. In consideration for the Credit, Xxxxxxxx Taxpayer agrees to hire full- full-time employees and invest in research and development equipment, computers, equipment and office equipment, and facility improvements space as part of its expansion in Mountain View and Santa MonicaClara, 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-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 full-time employees hired 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 salary 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 is a developer telecommunications and cyber security management company. Taxpayer has certified in its application that absent award of 3-D wearable virtual imagery devices that are capable the CCTC, it may terminate all or a portion of superimposing 3-D imagery onto real world objectsits employees in California or relocate all or a portion of its employees in California to another state. In consideration for the Credit, Xxxxxxxx Taxpayer agrees to hire full- full-time employees and invest in research and development equipment, computers, office equipment, and facility improvements patents as part of its expansion in Mountain View and Santa MonicaRoseville, 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-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 full-time employees hired 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 salary 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 is a developer of 3-D wearable virtual imagery devices home furnishing company that are capable of superimposing 3-D imagery onto real world objectsspecializes in manufacturing and selling blinds, awnings, shutters, and security doors. In consideration for the Credit, Xxxxxxxx Taxpayer agrees to hire full- full-time employees and invest in research and development manufacturing equipment, computersvehicles, office computer equipment, furniture and fixtures, manufacturing equipment, and facility tenant improvements as part of its expansion in Mountain View Xxxxxx, Encino, and Santa MonicaPasadena, 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-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 full-time employees hired 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 salary 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 is a developer book production, printing, and publishing firm. Taxpayer has certified in its application that absent award of 3-D wearable virtual imagery devices that are capable the CCTC, it may terminate all or a portion of superimposing 3-D imagery onto real world objectsits employees in California or relocate all or a portion of its employees in California to another state. In consideration for the Credit, Xxxxxxxx Taxpayer agrees to hire full- full-time employees and invest in research and development equipmentoffice space, computerstenant improvements, office computer equipment, and facility improvements software licenses as part of its expansion in Mountain View and Santa MonicaRedding, 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 full-time employees hired 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 salary 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 is a developer financial services provider that offers long-term portfolio management. Taxpayer certified in its application that at least 75% of 3its net increase of full-D wearable virtual imagery devices that are capable time employees will work at least 75% of superimposing 3-D imagery onto real world objectsthe time in the city of Xxxxx. Davis was an area of high unemployment and/or poverty at the time Taxpayer submitted its application. In consideration for the Credit, Xxxxxxxx Taxpayer agrees to hire full- full-time employees and invest in research and development equipmentoffice space, computers, office computer equipment, and facility improvements furniture and fixtures as part of its expansion in Mountain View and Santa MonicaDavis, 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-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 full-time employees hired 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 salary 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 is manufactures precision casting parts for computers, jewelry, radar, and aerospace equipment in Burbank, California. Taxpayer has certified in its application that absent award of the CCTC, it may terminate or relocate all or a developer portion of 3-D wearable virtual imagery devices that are capable of superimposing 3-D imagery onto real world objectsits employees in California to another state. In consideration for the Credit, Xxxxxxxx agrees to hire full- time employees and invest in research and development equipmenttenant improvements, computers, office purchase manufacturing equipment, and facility improvements as part of its expansion in Mountain View and Santa Monica, California 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 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.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a developer pork meat processing facility. Taxpayer has certified in its application that absent award of 3the CCTC, 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. Taxpayer has also certified that at least 75% of its net increase of full-D wearable virtual imagery devices that are capable time employees will work at last 75% of superimposing 3-D imagery onto real world objectsthe time in Stockton. Stockton 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, Xxxxxxxx Taxpayer agrees to hire full- full-time employees and invest in research and development manufacturing equipment, computerstenant improvements, office food processing equipment, a facility, and facility improvements furniture and fixtures as part of its expansion in Mountain View and Santa MonicaStockton, 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-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 full-time employees hired 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 salary 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 Taxpayer, located in San Diego, California, is a developer pharmaceutical manufacturer and contract filler of 3-D wearable virtual imagery devices drugs in syringes/vials. Taxpayer has certified in its application that are capable absent a CCTC award, it may terminate or relocate all or a portion of superimposing 3-D imagery onto real world objectsits employees in California. In consideration for the Credit, Xxxxxxxx agrees to hire full- time employees and invest in research and development equipmenttenant improvements, computerslaboratory instruments, office furniture, software licenses, manufacturing equipment, and facility improvements as part of its expansion in Mountain View and Santa Monica, California 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 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.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is develops and manufactures conveyor driven charbroiling equipment for restaurants. Taxpayer has certified in its application that absent award of the CCTC, it will terminate all or a developer portion of 3-D wearable virtual imagery devices that are capable its employees in California or relocate all or a portion of superimposing 3-D imagery onto real world objectsits employees in California to another state. In consideration for the Credit, Xxxxxxxx Taxpayer agrees to hire full- full-time employees and invest in research and development equipmenta manufacturing facility, computers, office equipmentsoftware, and facility improvements manufacturing equipment as part of its expansion in Mountain View and Santa MonicaWindsor, 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-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 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.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a developer polymer materials designer and produces engineered compounds for the plastics and fiber industries. Taxpayer has certified in its application that absent award of 3-D wearable virtual imagery devices that are capable of superimposing 3-D imagery onto real world objectsthe CCTC, its project will occur in another state. In consideration for the Credit, Xxxxxxxx agrees to hire full- full-time employees and invest in research and development manufacturing equipment, computers, office equipmentfurniture and fixtures, and facility tenant improvements as part of its expansion in Mountain View and Santa MonicaRancho Xxxxxxxxx, 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-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 full-time employees hired 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.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

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