Employment Obligation. The Company shall employ* at least persons in the Locality with a quarterly aggregate payroll of at least $ . Said employment and payroll will be in addition to those already employed in the Locality by the Company and paid during the calendar quarter ending on , hereinafter called the “Base Quarter.” Persons employed by the Company in the Locality shall be counted as employed hereunder only to the extent that they (a) exceed the aggregate number of employees at all Company locations within the Commonwealth of Virginia during the Base Quarter, and (b) are not counted as fulfillment of any other employment obligation made to the Commission by the Company under any other agreement.
Appears in 5 contracts
Samples: Performance Agreement (Loan), Performance Agreement (Loan), Performance Agreement (Loan)
