Incentive Grants Clause Samples

Incentive Grants. Pursuant to the Program, the County shall in accordance with and as provided by this Agreement, pay to Applicant an economic development grant (the “Grants”) in an amount equal to 85 percent of the increase in property tax paid by Applicant upon the actual assessed ad valorem tax value increase occasioned by construction of the New Investment at the Site. The County shall pay Grants to Applicant as follows: a) For a period of three (3) consecutive years, the County shall make a grant to Applicant based upon the increased ad valorem tax value of the New Investment at the Site; b) Applicant may elect the initial year in which the Grants identified in Paragraph 1(a) and shall commence and shall so notify the County in writing; provided that the initial Grant year shall commence no later than twelve (12) months after the qualifying construction has been released from an in-process stage to a fully-operational stage. The process of assessment of the tax value of the New Investment, the calculation of the Grant amounts and the payment of the Grants are more particularly described in the Program, which provisions are part of this Agreement. The County hereby confirms that it has approved the application of the Program to the New Investment and has authorized the Grants and other terms of this Agreement. The County and Applicant further confirm that this Agreement constitutes the “formal agreement” required under the Program and that the terms of this Agreement and those contained in the attached description of the Program shall govern the application of the Program to the New Investment, except as specifically modified herein. Applicant agrees to forward to the EDC and the County Manager, at the time it makes its annual property tax payments, a copy of the property tax payment receipt, which must be requested from the Tax Collector and the Cabarrus County Tax Assessor’s statement (the “Assessor’s Statement”) of the valuation of the New Investment located at the Site. The Assessor’s Statement may be issued only after: a) Applicant has completed the Assessor’s questionnaire and other substantiating corroborating documentation identified in the Program to the satisfaction of the Assessor; and b) The Assessor has had the reasonable opportunity to review, evaluate and verify a value for the New Investment. The County agrees that the Grant payments to be made to Applicant during the respective term will be made within ninety (90) days after payment by Applicant of all ...

Incentive Grants. To induce East Fork to make the Direct Investment associated with the Project, to locate its expanded operations associated with the expanded employee base in Buncombe County and at its Facility, and to achieve the Jobs Minimum, the County commits to pay to East Fork a grant on the date specified below (“Future Incentive Payment”). This Incentive Grant shall be in the amount of Fifteen Thousand and No/100 ($15,000,00) Dollars. East Fork may be eligible for an additional Twenty‐Five Thousand Dollars should it meet additional hiring commitments. To meet these additional hiring commitments, East Fork must demonstrate its ability to hire from a disadvantaged population as defined in the Buncombe County Economic Development Policy (e.g., STEP Program, non‐violent offender). This documentation will be provided in the form of a certification letter. East Fork will receive a prorated incentive for each employee hired not to exceed Twenty‐Five Thousand dollars.

Incentive Grants. To induce Burial Beer to make the Direct Investment associated with the Project, to locate its expanded operations associated with the expanded employee base at its Facility, and to achieve the Jobs Minimum, the County commits to pay to Burial Beer a grant on the date specified below (“Future Incentive Payment”). This Incentive Grant shall be in the amount of Ten Thousand Forty-Five and No/100 ($10,045.00) Dollars. Burial Beer must submit a Confirmation Letter by the Confirmation Date in order to be eligible for the incentive grants. The Confirmation Letter will include employment and investment filings the

Incentive Grants. On the Effective Date, you shall receive the following: (a) 150,000 shares of non-qualified stock options ("Stock Options"), at the market price of Turn▇▇ ▇▇▇ck on the Effective Date. The Stock Options shall have a term of 10 years, and shall vest 25% on each of the first through fourth anniversaries of June 9, 1999; and (b) 150,000 shares of restricted stock, which shall vest 25% on each of the first through fourth anniversaries of June 9, 1999.

Incentive Grants. To induce Nypro to make the Direct Investment associated with the Project, to locate its expanded operations associated with the expanded employee base at its Facility, and to achieve the Jobs Minimum, the County commits to pay to Nypro a grant on the date specified below (“Future Incentive Payment”). This Incentive Grant shall be in the amount of $170,000.00. 2020 $0.00 2021 $0.00 2022 $170,000.00

Incentive Grants. To induce BW to make the Direct Investment associated with the Project, to locate its operations associated with the Facility, and to achieve the Jobs Minimum, the County commits to pay to ▇▇ ▇ ▇▇▇▇▇ on the dates and in the amounts specified below (“Future Incentive Payments”). The total Incentive Grant shall be in the amount of Four Hundred Sixty Thousand and No/100 ($460,000.00) Dollars. The incentive payout schedule is provided below. 2021 April 30, 2022 $40,000 $40,000 $80,000 July 31, 2022 2022 April 30, 2023 $40,000 $40,000 $80,000 July 31, 2023 2023 April 30, 2024 $40,000 $40,000 $80,000 July 31, 2024 2024 April 30, 2025 $40,000 $40,000 $80,000 July 31, 2025 2025 April 30, 2026 $40,000 $40,000 $80,000 July 31, 2026 2026 April 30, 2027 $30,000 $30,000 $60,000 July 31, 2027 BW must submit a Confirmation Letter by the Confirmation Date in order to be eligble for the incentive Grants. The Confirmation Letter will include the filings with the N.C. Employment Security Commission and Buncombe County Tax Department specified in Section 3.2 above. The County shall review those filings and, if the required Direct Investment and Jobs Minimum are confirmed, pay the Incentive Grant by July 31 (the “Incentive Date”) Provided however, that if BW for any reason fails to file its Business Real and Personal Property Tax Listings in a timely manner then such Incentive Payments will not be made until these Listings are properly filed and accepted. Further, in order to qualify for the Incentive ▇▇▇▇▇, ▇▇ must comply in all material respects with all Federal, State and Local laws. Further if BW is in default on its obligation to pay property taxes to the County, the County will not be required to make any Incentive Grants to BW until BW pays the amount of such property taxes it owes the County, unless BW is in a bona fide dispute with the Buncombe County Tax Assessor's office as to the value of some or all of its property. Nothing herein shall preclude County and the Buncombe County Tax Collector from seeking to recover any such unpaid property taxes in accordance with applicable laws.

Incentive Grants. Promptly upon the execution of this agreement, the Board shall grant you (i) an equity incentive award consisting of 7,238,477.366 Special Priority Class B Common Units (the “Special B Units”), with the rights and conditions associated with such Special Priority Class B Common Units described in the Sixth Amended and Restated Limited Liability Company Agreement of ▇▇▇▇▇▇-▇▇▇▇ Sports, LLC, dated as of December 14, 2012 (the “LLC Agreement”) and (ii) 200 Units (the “CIP Units”) under the ▇▇▇▇▇▇-▇▇▇▇ Sports, Inc. 2012 Cash Incentive Plan (the “CIP”). The Company acknowledges and agrees that, without your prior written consent, no amendment shall be made with respect to the terms or provisions of the Special B Units, the other Priority Class B Common Units (as defined in the LLC Agreement) or the LLC Agreement, if such amendment would adversely and disproportionately affect your rights as a holder of Special B Units compared to other holders of Priority Class B Common Units.

Incentive Grants. The Shareholders and the Company agree that 15% of the Shareholder Stock as of the date hereof (assuming Full Conversion) shall be reserved for issuance of incentive equity awards as determined by the Independent Directors or the compensation committee of the Company, if it exists.

Incentive Grants. The contractor will make incentive grants to participating communities to ensure maximum flexibility in implementing reform initiatives. The incentive grants may provide direct in-kind support such as equipment, software or other materials, or may cover expenses, through sub-contracts, for activities such as specialized technical assistance, consulting services, or public facility renovation.1 Incentive grants should be aligned with MOH workplans or strategies, and where possible, should include cost-share commitments. Decisions on incentive grants will take into consideration the degree to which the provision of such resources will contribute to disseminating interventions for the benefit of the community. The contractor will not make payments, transfer funds, or reimburse costs directly to local government entities. In addition to the activities described above, the activity must have the capacity to respond rapidly to unanticipated opportunities and obstacles as they arise, within the scope of the purpose and objectives. The Contractor will outline their approach to keeping abreast of changes in the situation on the ground and how they will maintain the flexibility to accommodate changes. In such cases, interventions may be altered, with USAID guidance and approval, to seize new opportunities. This reprogramming may not incur additional costs, unless specifically directed by USAID. The rapid response capacity may include, but is not limited to: 11 USAID activities involving construction or renovation are subject to the following ADS 303 supplementary guidance: ▇▇▇▇▇://▇▇▇.▇▇▇▇▇.▇▇▇/ads/policy/300/303maw. “Construction” for purposes of this policy means: construction, alteration, or repair (including dredging and excavation) of buildings, structures, or other real property and includes, without limitation, improvements, renovation, alteration and refurbishment. The term includes, without limitation, roads, power plants, buildings, bridges, water treatment facilities, and vertical structures. rapid assessments; deployment of short-term technical advisors; logistical support to USAID or other stakeholders; training; sub-grant or sub-contract awards; or procurement of equipment, material or services.