Common use of Employment Level Clause in Contracts

Employment Level. In accordance with ORS 285C.200(7)(a) the “annual average employment” of Company within the Zone will increase by 10 percent of the average for the 12 month period preceding the date in which pre-certification takes place. In the event Company is newly established and cannot generate the 12 month average information, it hereby covenants to retain at least 15% of its peak employment during the entire abatement period; or employment will not fall below 50% of its peak employment for more than one year as measured at the end of each tax year.