Incentive Agreement. This Business Incentive Agreement provides project data and specifies the goals the RECIPIENT has agreed to meet in order to receive the state business incentive. Should the value of this incentive be less than $25,000, and should the RECIPIENT receive no additional incentives to bring the total to $25,000 or more within twelve months, the reporting requirements outlined in North Dakota Century Code § 54-60.1-05 and in this agreement, will not go into effect. Grantor Name of GRANTOR/GRANT ADMINISTRATOR On Behalf Of Address City State ZIP Code Recipient Name of RECIPIENT Business Also known as Mailing Address City State ZIP Code Street Address City State ZIP Code Location of Project (street address, city, county) Business Classification of RECIPIENT (3 digit NAICS Code) Parent Company of RECIPIENT (if any) Street Address City State ZIP Code Recipient Contact Information Main Contact Person Email Address Title Telephone Number Location of Recipient PRIOR to receiving this business incentive (if relocating) Street Address City State ZIP Code Business Owners or Shareholders List the names and addresses of all individuals or shareholders owning twenty percent (20%) or more of this business. Owner or Shareholder Mailing Address City State ZIP Code Project Information Benefit Date Incentive Value Project Description
Incentive Agreement. Dated as of JULY 13, 2021 INCENTIVE AGREEMENT THIS INCENTIVE AGREEMENT (“Agreement”) is dated as of day of July, 2021 (“Effective Date”), and is between EAST FORK POTTERY, LLC, a North Carolina limited liability company, (hereinafter sometimes collectively referred to as “East Fork”), and BUNCOMBE COUNTY, a public body politic and a political subdivision of the State of North Carolina (“County”).
Incentive Agreement. MFI’s sales performance will entitle it to participate in or receive benefits from the Incentive Program(s) described in the initial Incentive Agreement which is attached hereto as Exhibit B and deemed incorporated into this Agreement by reference. The initial Incentive Agreement may be amended, supplemented or replaced by mutual written agreement of the parties from time to time. To be eligible to receive the benefits of any incentive program (including the Incentive Agreement in Exhibit B), MFI must be in compliance with the MRA and Incentive Agreement (after giving effect to all applicable notice and cure periods). Such benefits will be temporarily suspended during any period of non-compliance.
Incentive Agreement. Longbow and XXXX, at or before the Closing of the conveyance of the County Office, shall execute a mutually acceptable incentive agreement for public and private improvements to the County Office substantially in the fonn of Exhibit “D” attached hereto and incorporated by reference.
Incentive Agreement. (a) Landlord is a party to that certain Special Source Credit Agreement among Lexington County, South Carolina, Tenant, and Landlord (as assignee of Home Depot U.S.A., Inc. in its prior status as fee simple owner to the Land), which sets forth additional agreements and conditions relating to the tax abatement and other economic incentives (the “Incentive Agreement”). Landlord agrees and covenants that it will comply with the terms of the Incentive Agreement, and shall not default under the Incentive Agreement, except to the extent such default is the result of a default by Tenant under this Lease. In the event that Landlord assigns this Lease to a third party so that the third party becomes the “Landlord” under this Lease, then Landlord agrees to also assign its rights and obligations under the Incentive Agreement to said third party. Landlord acknowledges that Tenant has entered into this Lease in consideration of the tax abatement and economic incentives resulting and arising out of the Incentive Agreement. Landlord agrees, warrants and covenants that, in the event of (i) an early termination of the Incentive Agreement, solely as a result of a default of Landlord under the Incentive Agreement, or (ii) an intentional early termination of the Incentive Agreement by Landlord, for any reason other than a default by Tenant under this Lease, or (iii) a failure to assign the Incentive Agreement to a successor Landlord that results in the loss of the tax abatement, then, in any of such instances, Landlord (and not Tenant) shall pay any Taxes that then become due and payable as a result of such early termination or failure to assign, without pass-through to Tenant. In such an event, Tenant shall have no obligation under this Lease to pay such Taxes until the date that the exemption from Taxes would have terminated under the Incentive Agreement. Landlord shall indemnify Tenant for any such Taxes that become due arising out of such a termination or failure to assign or default of Landlord of or under the Incentive Agreement. In the event that Landlord becomes liable for Taxes as set forth in this Section 4.3(a), and subsequently fails to pay such Taxes as such Taxes become due and payable, then Tenant shall have the option to pay such Taxes on behalf of Landlord and Landlord shall promptly repay such amount to Tenant, together with interest at the Delinquency Rate, within thirty (30) days of receipt of Tenant’s written request. 6 (b) Likewise, Tenant agrees that, i...
Incentive Agreement. SELLER shall execute and deliver to ------------------- SER the Incentive Agreement.
Incentive Agreement. 5. The Employer agrees to provide an incentive financial match “up to” $5,000 to the funds provided by the Chamber Development Corporation from the Quality Growth Fund. The Quality Growth Fund monies must be used as a “performance based forgivable loan” that can be used in the following manner: relocation expenses, utility deposits, rent deposits, down payment home purchase assistance, purchase of tooling needed to perform the job, college debt payment or other eligible uses under the quality growth fund requirements. Other eligible reimbursement expenses must be approved in writing by Chamber DEVCO.
Incentive Agreement. Incentive Compensation is a form of non-guaranteed supplemental compensation intended to reward faculty for sustained research and scholarly productivity based upon a negotiated percentage (not to exceed 50%) of salary recovery, payable after each effort certification period. The chair must balance the needs of the department with the need to reward faculty for sustained productivity. Before incentive payments can be made, the salary recovery must reimburse the department for faculty replacement costs. At the discretion of the chair, salary recovery may be allocated for other departmental purposes as shown below.
Incentive Agreement. This Business Incentive Agreement provides project data and specifies the goals the RECIPIENT has agreed to meet in order to receive the state business incentive. Should the value of this incentive be less than $25,000, and should the RECIPIENT receive no additional incentives to bring the total to $25,000 or more within one year, the reporting requirements outlined in North Dakota Century Code § 54 -60.1-05, and in this agreement, will not go into effect. Grantor Name of GRANTOR On Behalf Of Address City State Zip Code Recipient Name of RECIPIENT Business Also known as Mailing Address City State Zip Code Street Address City State Zip Code Main Contact Person Email Address Business Classification of RECIPIENT (3 digit NAICS code) Location of RECIPIENT prior to receiving this business incentive (if different from above) Street Address City State Zip Code Parent Company of RECIPIENT (if any) Street Address City State Zip Code Project Information (For office use only) Project Number File Number Incentive Value Benefit Date Incentive Type
Incentive Agreement. 5. The Employee will be eligible for a signing “performance based forgivable loan” bonus that can be used in the following manner: (can include: relocation expenses, utility deposits, rent deposits, down payment home purchase assistance, purchase of tooling needed to perform the job or college debt payment.) Please specify the use: Employee shall execute and deliver a forgivable promissory note in the form attached hereto. Receipts and other forms of documentation must be presented prior to receiving the signing bonus loan at which time the employee will then be reimbursed for those expenses. This may be done in incremental submissions of expenses as they occur. No Quality Growth Funds are received by the employee until residency can be proven in Lincoln County. Employer: Name: Address: Phone: Email: Signature: Employee: Name: Address: Phone: Email: Signature: Non-Lincoln County Address when recruited: Lincoln County Address when receiving the signing bonus: ANY ADDITIONAL NOTES regarding receipt of xxxxXX.xxx signing bonus: FORGIVABLE PROMISSORY NOTE $ Dated: FOR VALUE RECEIVED, THE UNDERSIGNED, , hereinafter referred to as “Maker”, does hereby promise to pay to The North Platte Area Chamber & Development Corporation, or order, hereinafter referred to as “Holder”, at its address of 000 Xxxxx Xxxxx, North Platte, Nebraska, or at such other place as Holder may designate in writing, the principal sum of and No/100 Dollars ($ ), together with interest thereon at the rate of _% per annum from , to be payable $ on or before the day of , 20 , and on or before the day of each and every year thereafter until paid in full, provided, however that each annual payment shall be given on its due date if Maker is still employed by . This note is executed and delivered by maker in exchange for an actual forgivable loan on the principal amount shown above. If any installment of interest or any installment of principal and interest is not paid within ten (10) days after due date, time being of the essence hereof, Holder may declare the entire unpaid principal balance of the note and accrued interest, if any, due and payable at once without writing notice to Maker. Holder’s failure to exercise such option upon any default shall not be construed as a waiver to exercise such option upon any later failure of default. The option of Holder expressed in this paragraph shall continue until all such defaults have been cured. Maker and any guarantors or endorses of this note hereby w...
