Common use of Job Creation Documentation Clause in Contracts

Job Creation Documentation. The Borrower shall annually complete and provide to the Lender notification of employment of hiring each new permanent employee for inclusion in the Lender’s annual Progress Report to the Grantor. The notification requirement must be provided to the Lender no later than January 15 of each year and shall terminate on the Compliance Date if the Borrower is not then in breach of Section 7, on forms provided by the Lender. This information must include: (a) Permanent jobs created. (b) Job title per job. (c) Date employee(s) hired. (d) Hourly wage. (e) Hourly value of benefits paid. (f) Benefits.