Common use of Job Creation and Retention Clause in Contracts

Job Creation and Retention. Developer covenants and agrees by December 31, 2023, and during the Term of this Agreement to employ and maintain a minimum of three (3) Full-Time Equivalent Employment Positions working at the Property. Developer covenants and agrees beginning on February 1, 2024, and during the Term of this Agreement, Developer shall deliver to BCDC an annual compliance verification signed by a duly authorized representative of Developer that shall certify the number of Full-Time Equivalent Employment Positions, and shall disclose and certify the average wage for all Full-Time Equivalent Employment Positions (the “Annual Compliance Verification”). The Developer covenants and agrees beginning on February 1, 2024, and annually thereafter during the Term of this Agreement, there will be a total of five (5) Annual Compliance Verifications due and submitted to the BCDC covering the Full-Time Equivalent Employment Positions created and maintained during the Term of this Agreement. All Annual Compliance Verifications shall include quarterly IRS 941 returns, or Texas Workforce Commission Employer Quarterly Reports.

Job Creation and Retention. Developer covenants and agrees by December 31, 2023, and during the Term of this Agreement to employ and maintain a minimum of three two (32) Full-Full- Time Equivalent Employment Positions working at the Property. Developer covenants and agrees beginning on February 1, 2024, and during the Term of this Agreement, Developer shall deliver to BCDC an annual compliance verification signed by a duly authorized representative of Developer that shall certify the number of Full-Time Equivalent Employment Positions, and shall disclose and certify the average wage for all Full-Time Equivalent Employment Positions (the “Annual Compliance Verification”). The Developer covenants and agrees beginning on February 1, 2024, and annually thereafter during the Term of this Agreement, there will be a total of five three (53) Annual Compliance Verifications due and submitted to the BCDC covering the Full-Time Equivalent Employment Positions created and maintained during the Term of this Agreement. All Annual Compliance Verifications shall include quarterly IRS 941 returns, or Texas Workforce Commission Employer Quarterly Reports.

Job Creation and Retention. Developer covenants and agrees by December 31, 20232025, and during the Term of this Agreement to employ and maintain a minimum of three two (32) Full-Full- Time Equivalent Employment Positions working at the Property. Developer covenants and agrees beginning on February 1, 20242025, and during the Term of this Agreement, Developer shall deliver to BCDC an annual compliance verification signed by a duly authorized representative of Developer that shall certify the number of Full-Time Equivalent Employment Positions, and shall disclose and certify the average wage for all Full-Time Equivalent Employment Positions (the “Annual Compliance Verification”). The Developer covenants and agrees beginning on February 1, 20242025, and annually thereafter during the Term of this Agreement, there will be a total of five one (51) Annual Compliance Verifications due and submitted to the BCDC covering the Full-Time Equivalent Employment Positions created and maintained during the Term of this Agreement. All Annual Compliance Verifications shall include quarterly IRS 941 returns, or Texas Workforce Commission Employer Quarterly Reports.

Job Creation and Retention. Developer covenants and agrees by December 31January 1, 20232025, and during the Term of this Agreement to employ and maintain a minimum of three ten (310) Full-Full- Time Equivalent Employment Positions and fifty (50) self-employed positions working at the Property. Developer covenants and agrees beginning on February 1, 20242025, and during the Term of this Agreement, Developer shall deliver to BCDC an annual compliance verification signed by a duly authorized representative of Developer that shall certify the number of Full-Time Equivalent Employment Positions, and shall disclose and certify the average wage for all Full-Time Equivalent Employment Positions (the “Annual Compliance Verification”). The Developer covenants and agrees beginning on February 1, 20242025, and annually thereafter during the Term of this Agreement, there will be a total of five four (54) Annual Compliance Verifications due and submitted to the BCDC covering the Full-Time Equivalent Employment Positions created and maintained during the Term of this Agreement. All Annual Compliance Verifications shall include quarterly IRS 941 returns, or Texas Workforce Commission Employer Quarterly Reports.

Job Creation and Retention. Developer covenants and agrees by December 31, 2023, and during the Term of this Agreement to employ and maintain or cause to be employed and maintained a minimum of three twelve (312) Full-Time Equivalent Employment Positions working at the Property. Developer covenants and agrees beginning on February 1, 2024, and during the Term of this Agreement, Developer shall deliver to BCDC an annual compliance verification signed by a duly authorized representative of Developer that shall certify the number of Full-Time Equivalent Employment Positions, and shall disclose and certify the average wage for all Full-Time Equivalent Employment Positions (the “Annual Compliance Verification”). The Developer covenants and agrees beginning on February 1, 2024, and annually thereafter during the Term of this Agreement, there will be a total of five three (53) Annual Compliance Verifications due and submitted to the BCDC covering the Full-Time Equivalent Employment Positions created and maintained during the Term of this Agreement. All Annual Compliance Verifications shall include quarterly IRS 941 returns, or Texas Workforce Commission Employer Quarterly Reports.