Average annual wage definition

Average annual wage means the state's average annual wage which is computed on or before September 30 of the year immediately preceding the rate year and is the total remuneration paid by employers as reported on contribution reports on or before that date with respect to all employment during the four consecutive calendar quarters ending on June 30 of that year divided by the average monthly number of individuals performing services in employment during the same four calendar quarters as reported on the contribution reports.

Average annual wage means the average annual wage in the state of Washington as determined under RCW 50.04.355.

Average annual wage means the average annual wage as

Examples of Average annual wage in a sentence

• For purposes of calculating the “Minimum Annual Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Wage of California Full-time Employees Hired,” the wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized.

• 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 Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Wage of California Full-time Employees Hired,” Taxpayer may use the wages of any of the full-time employees hired within the required time period.

• 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 Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Wage of California Full-time Employees Hired,” Taxpayer may use the wages of any of the full-time employees hired within the required time period.

• 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.

More Definitions of Average annual wage

Average annual wage means the average salary (inclusive of bonuses and other performance-based compensation) for all New Jobs, as determined by dividing total payroll (W- 2 compensation) for New Jobs by the total of New Jobs.

Average annual wage for any calendar year means the quotient of (A) the aggregate payments (defined as “wages” under Virginia Code §60.2-229 exclusive of benefits) made by the Company or an Affiliate to persons holding New Jobs for such calendar year, divided by (B) the number of New Jobs in place as of the end of such calendar year. If any of the persons holding New Jobs are paid “wages” in any calendar year in excess of $850,000, as escalated 1.5% per year, as shown on Exhibit D, the amount of wages in excess of $850,000, or the higher escalated amount, shall not be included in clause (A).

Average annual wage. The Average Annual Wage paid for the aggregate number of New Jobs, as of the end of calendar year 20 , is $ . • In making its calculation of Average Annual Wage, the Company counted only the first $850,000 in wages paid for each New Job, escalated as shown in Exhibit D. If the Average Annual Wage paid for the aggregate number of New Jobs, as of the end of calendar year 20 , is less than the Average Annual Wage Target, the number of New Jobs that would remain if this Application includes only Qualifying New Jobs; is . Capital Investment: • The Capital Investment made or caused to be made in calendar year 20 (or from November 1, 2018 through December 31, 20 , as to the first Application) is $ . The Capital Investment can be broken down into these categories: Capital Investment Breakdown Amount Land $ Land Improvements $ New Construction or Expansion $ Renovation or Building Up-fit / Tenant Improvements $ Machinery and Tools $ Furniture, Fixtures and Equipment $ Other $ Total $ Percentage of New Jobs at the Facility Primarily Engaged in Supporting Federal Government Contracts: • In calendar year 20 , the percentage of New Jobs at the Facility that were primarily engaged in supporting Federal Government Contracts [did / did not] exceed 10%. If the percentage of New Jobs so engaged was more than 10%, the actual percentage of New Jobs so engaged was %. COMMENTS: Discuss the current level of Average Annual Wage, New Jobs, and Capital Investment, and changes or likely changes in the nature of the Facility that may impact the Company’s performance. If the Company is not on track to earn the full amount of the Workforce Grant, please provide an explanation.

Average annual wage means the average of all wages and salaries in the City of Miami, or Miami-Dade County, or State of Florida as determined by the City of Miami, or Miami-Dade County, or State of Florida, or US. Bureau of Labor Statistics using the most currently available data as determined by the Miami DDA and by choosing the higher number.

Average annual wage means the average annual wage as established under RCW 50.04.355.

Average annual wage or “AAW” means the amount equal to the quotient of the total wages the Company paid for Total Jobs, not including wages paid for Construction Jobs, in each of the preceding two years as reported under Section 403.616(c)(4), Texas Government Code; and the number of Total Jobs created in each of the preceding two years, as reported under Section 403.616(c)(3), Texas Government Code.

Average annual wage means the average salary (inclusive of bonuses and other performance-based compensation) for all New Jobs, as determined by dividing total payroll (W-2 compensation) for New Jobs by the total of New Jobs.