Common use of Project/Milestones Clause in Contracts

Project/Milestones. Taxpayer is an open source software developer and provider whose California facilities are located in Mountain View and Los Angeles, California. In consideration for the Credit, Taxpayer agrees to expand its Mountain View and Los Angeles facilities and open a new facility in California, invest in tenant improvements, and hire full-time employees (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit “A” (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” Taxpayer may use the salaries of any of the Full-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by the taxpayer for the entire taxable year shall be annualized.

Appears in 2 contracts

Samples: California Competes Tax Credit Allocation Agreement, California Competes Tax Credit Allocation Agreement

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Project/Milestones. Taxpayer is an open source software developer provides a free credit score and provider whose California facilities are located report and other financial tools to assist consumers in Mountain View and Los Angeles, Californiabuilding financial literacy. In consideration for the Credit, Taxpayer agrees to expand its Mountain View and Los Angeles facilities and open a new facility in California, invest in office space, tenant improvements, furniture and fixtures, software licenses, and computer equipment, and hire full-full- time employees as part of its expansion in San Francisco, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit “A” A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Fullfull-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” Taxpayer may use the salaries of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by the taxpayer Taxpayer for the entire taxable year shall be annualized. In addition, the salary of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 2 contracts

Samples: California Competes Tax Credit Allocation Agreement, California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is an open source software developer a manufacturer of products relating to the eyes, lips, and provider whose California facilities are located in Mountain View face, including makeup, makeup tools, and Los Angeles, Californiaskin care products. In consideration for the Credit, Taxpayer Xxxxxxxx agrees to expand its Mountain View and Los Angeles facilities and open a new facility in California, invest in tenant improvements, and hire full-time employees and invest in manufacturing equipment, tenant improvements, and office space as part of its expansion in Ontario, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit “A” A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Fullfull-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-Full- time Employees Hired,” Taxpayer may use the salaries of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by the taxpayer Taxpayer for the entire taxable year shall be annualized. In addition, the salary of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 2 contracts

Samples: California Competes Tax Credit Allocation Agreement, California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is an open source software developer operates almond, pistachio, and provider whose California facilities are located pomegranate orchards in Mountain View and Los AngelesShafter, California. In consideration for the Credit, Taxpayer agrees to expand its Mountain View cultivate and Los Angeles facilities and open a new facility in Californiamanage bee hive operations, invest in tenant improvementsbee hives, agricultural and food processing equipment, and computer equipment and hire full-time employees (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit “A” (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” Taxpayer may use the salaries of any of the Full-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by the taxpayer for the entire taxable year shall be annualized.

Appears in 2 contracts

Samples: California Competes Tax Credit Allocation Agreement, California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is an open source software developer a ship repair, modernization and provider whose California facilities are located overhaul company operating a dry dock in Mountain View and Los AngelesSan Diego, California. In consideration for the Credit, Taxpayer agrees to expand make investments to increase its Mountain View dry dock capacity for maintenance of existing and Los Angeles facilities future United States Navy assets and open a new facility in Californiacommercial clients. In addition, invest in tenant improvements, and Taxpayer will hire full-time employees to support its expansion goals (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit “A” (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Fullfull-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” Taxpayer may use the salaries of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by the taxpayer Taxpayer for the entire taxable year shall be annualized.

Appears in 2 contracts

Samples: California Competes Tax Credit Allocation Agreement, California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is an open source software developer and provider whose California facilities are a contract bottler of beverages located in Mountain View West Sacramento and Los Angeles, CaliforniaAnaheim. In consideration for the Credit, Taxpayer agrees to expand its Mountain View and Los Angeles facilities and open construct a new facility in Californiabeverage manufacturing line at its Anaheim facility. In addition, Taxpayer will invest in tenant improvements, additional manufacturing equipment and hire full-time employees to support its expansion goals (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit “A” (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-Full- time Employees Hired,” Taxpayer may use the salaries of any of the Full-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by the taxpayer for the entire taxable year shall be annualized.

Appears in 2 contracts

Samples: California Competes Tax Credit Allocation Agreement, California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is an open source software developer and provider whose California facilities are located a full-service investigation company specializing in Mountain View and Los Angeles, Californiaworkers’ compensation investigations. In consideration for the Credit, Taxpayer agrees to expand its Mountain View and Los Angeles facilities and open a new facility in California, invest in tenant improvementsvehicles, software licenses, and computer equipment, and hire full-time employees as part of its expansion in Sacramento, and other areas of California. In addition, Taxpayer will (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit “A” A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Fullfull-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” Taxpayer may use the salaries of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by the taxpayer Taxpayer for the entire taxable year shall be annualized. In addition, the salary of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 2 contracts

Samples: California Competes Tax Credit Allocation Agreement, California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is an open source software developer a global manufacturer of commercial and provider whose California facilities are located in Mountain View residential sprinkler and Los Angeles, Californiairrigation systems. In consideration for the Credit, Taxpayer agrees to expand its Mountain View and Los Angeles facilities and open a new facility in California, invest in tenant improvements, and hire full-time employees and invest in building construction, tenant improvements, research and development machinery, manufacturing equipment, computers, and vehicles as part of its expansion in San Marcos, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit “A” A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Fullfull-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” Taxpayer may use the salaries of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by the taxpayer for the entire taxable year shall be annualized.time

Appears in 2 contracts

Samples: California Competes Tax Credit Allocation Agreement, California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is an open source software developer and provider whose California facilities are Taxpayer, located in Mountain View and Los AngelesSanta Monica, California, is a technology company that develops and operates a car shopping website offering car pricing, car reviews, and related information to consumers. In consideration for the Credit, Taxpayer agrees to expand its Mountain View and Los Angeles facilities and open a new facility in California, invest in tenant improvements, furniture and fixtures, computer equipment, vehicles, and hire full-time employees (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit “A” A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Fullfull-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” Taxpayer may use the salaries of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by the taxpayer Taxpayer for the entire taxable year shall be annualized. In addition, the salary of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is an open source software developer and provider whose California facilities are located a beverage manufacturer operating in Mountain View and Los AngelesWindsor, CaliforniaCA. In consideration for the Credit, Taxpayer Xxxxxxxx agrees to expand its Mountain View purchase vehicles and Los Angeles facilities and open general beverage manufacturing equipment, as well as, make tenant improvements to a new facility in CaliforniaPetaluma, invest in tenant improvementsCA. Additionally, and Taxpayer will hire full-time employees to support its expansion (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit “A” (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-Full- time Employees Hired,” Taxpayer may use the salaries of any of the Full-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by the taxpayer for the entire taxable year shall be annualized.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is an open source software developer a contract pharmaceutical product development, manufacturing, research and provider whose California facilities are design company located in Mountain View and Los AngelesSan Diego, California. In consideration for the Credit, Taxpayer agrees to expand its Mountain View and Los Angeles facilities and open a new facility in California, invest services through investment in tenant improvements, computers, manufacturing equipment, office furniture, research and hire design equipment, and by hiring full-time employees (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit “A” A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Fullfull-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” Taxpayer may use the salaries of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by the taxpayer Taxpayer for the entire taxable year shall be annualized. In addition, the salary of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is an open source software developer a certified public accounting firm that offers bookkeeping, tax preparation, accounting, and provider whose California facilities are located in Mountain View and Los Angeles, Californiafinancial services. In consideration for the Credit, Taxpayer Xxxxxxxx agrees to expand its Mountain View and Los Angeles facilities and open a new facility in California, invest in office space, furniture and fixtures, computer equipment, and tenant improvements, and hire full-time employees as part of its expansion in Thousand Oaks, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit “A” A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Fullfull-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” Taxpayer may use the salaries of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by the taxpayer Taxpayer for the entire taxable year shall be annualized. In addition, the salary of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is an open source software developer a manufacturer of products relating to the eyes, lips, and provider whose California facilities are located in Mountain View face, including makeup, makeup tools, and Los Angeles, Californiaskin care products. In consideration for the Credit, Taxpayer agrees to expand its Mountain View and Los Angeles facilities and open a new facility in California, invest in tenant improvements, and hire full-time employees and invest in manufacturing equipment, tenant improvements, and office space as part of its expansion in Ontario, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit “A” A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Fullfull-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-Full- time Employees Hired,” Taxpayer may use the salaries of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by the taxpayer Taxpayer for the entire taxable year shall be annualized. In addition, the salary of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is an open source software developer and provider whose California facilities are a brewery located in Mountain View and Los AngelesBakersfield, California. In consideration for the Credit, Taxpayer agrees to expand complete its Mountain View 14,500 square foot production brewery and Los Angeles facilities and open a new facility in Californiatasting room. In addition, Taxpayer agrees to invest in tenant improvements, beer production and food processing equipment and hire full-time employees to support its expansion (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit “A” A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Fullfull-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” Taxpayer may use the salaries of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by the taxpayer Taxpayer for the entire taxable year shall be annualized. In addition, the salary of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is an open source software developer manufactures mechanical fasteners and provider whose California facilities are located electronic systems for use in Mountain View aerospace and Los Angeles, Californiadefense related products. In consideration for the Credit, Taxpayer agrees to expand its Mountain View and Los Angeles facilities and open a new facility in California, invest in tenant improvements, laboratory instruments, software licenses, manufacturing equipment, computers, research and hire design equipment, and aircraft manufacturing equipment, in addition to hiring full-time employees (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit “A” A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Fullfull-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” Taxpayer may use the salaries of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by the taxpayer Taxpayer for the entire taxable year shall be annualized. In addition, the salary of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is an open source software developer and provider whose a multinational company involved in a diverse array of industries, its project in California facilities are located in Mountain View and Los Angeles, Californiawill be focused on providing information technology consulting services. In consideration for the Credit, Taxpayer Xxxxxxxx agrees to expand its Mountain View and Los Angeles facilities and open a new facility in California, invest in tenant improvements, and hire full-time employees and invest in computer equipment, office space, and tenant improvements as part of its expansion in Mountain View, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit “A” A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Fullfull-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by the taxpayer for the entire taxable year shall be annualized.time

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is an open source software developer a video production company that provides television commercial, long format video production, television show, and provider whose California facilities are located in Mountain View and Los Angeles, Californiadocumentary production services. In consideration for the Credit, Taxpayer agrees to expand its Mountain View and Los Angeles facilities and open a new facility in California, invest in office space, furniture and fixtures, and tenant improvements, and hire full-time employees as part of its expansion in Fresno, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit “A” A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Fullfull-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” Taxpayer may use the salaries of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by the taxpayer Taxpayer for the entire taxable year shall be annualized. In addition, the salary of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is an open source software developer provides advanced optical, electro-mechanical, and provider whose California facilities are located in Mountain View electronics contract manufacturing services to original equipment manufacturers of complex products such as optical communication components, industrial lasers, and Los Angeles, Californiasensors. In consideration for the Credit, Taxpayer Xxxxxxxx agrees to expand its Mountain View and Los Angeles facilities and open invest in a new facility in Californiamanufacturing facility, invest in tenant improvementsmanufacturing equipment, and software licenses, and hire full-time employees (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit “A” A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Fullfull-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” Taxpayer may use the salaries of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by the taxpayer Taxpayer for the entire taxable year shall be annualized. In addition, the salary of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is an open source software developer produces a variety of specialty lumber products used for musical instruments, furniture, hunting and provider whose California facilities are located in Mountain View fishing equipment, and Los Angeles, Californiakitchen tools. In consideration for the Credit, Taxpayer Xxxxxxxx agrees to expand its Mountain View and Los Angeles facilities and open a new facility in California, invest in tenant improvementscommercial space and manufacturing equipment, and hire full-time employees as part of its expansion in Red Bluff, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit “A” A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Fullfull-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-Full- time Employees Hired,” Taxpayer may use the salaries of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by the taxpayer Taxpayer for the entire taxable year shall be annualized. In addition, the salary of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is an open source software developer and provider whose California facilities are located a structural steel fabrication company in Mountain View and Los AngelesBloomington, California. In consideration for the Credit, Taxpayer agrees to expand its Mountain View and Los Angeles facilities and open operations by constructing a new steel fabrication facility in CaliforniaBloomington. Additionally, invest in tenant improvements, and Taxpayer will hire full-time employees as part of its expansion (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit “A” (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” Taxpayer may use the salaries of any of the Full-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by the taxpayer for the entire taxable year shall be annualized.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is an open source software developer a planning, permitting and provider whose California facilities are located environmental compliance firm in Mountain View and Los AngelesArcata, California. In consideration for the Credit, Taxpayer agrees to expand its Mountain View purchase computer equipment and Los Angeles facilities and open a software, as well as, office furniture to accommodate new facility in Californiastaff. Additionally, invest in tenant improvements, and Taxpayer will hire full-time employees to support its expansion (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit “A” (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” Taxpayer may use the salaries of any of the Full-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by the taxpayer for the entire taxable year shall be annualized.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is an open source software developer and provider whose California facilities are located a clinical-stage biopharmaceutical product manufacturer specializing in Mountain View and Los Angeles, Californiaimmunotherapy. In consideration for the Credit, Taxpayer agrees to expand its Mountain View and Los Angeles facilities and open a new facility in California, invest in tenant improvements, and hire full-time employees and invest in a manufacturing facility, manufacturing equipment, and tenant improvements as part of its expansion in Thousand Oaks, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit “A” A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Fullfull-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-Full- time Employees Hired,” Taxpayer may use the salaries of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by the taxpayer Taxpayer for the entire taxable year shall be annualized. In addition, the salary of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a manufacturer and distributor of tin boxes for retail sale and packaging. Taxpayer has certified that at least 75% of its net increase of full-time employees will work at last 75% of the time in the city of Modesto. Modesto was an open source software developer and provider whose California facilities are located in Mountain View and Los Angeles, CaliforniaArea of High Unemployment and/or an Area of High Poverty at the time Taxpayer submitted its application. In consideration for the Credit, Taxpayer agrees to expand its Mountain View and Los Angeles facilities and open a new facility in California, invest in tenant improvements, and hire full-time employees and invest in a facility, computer equipment, software licenses, manufacturing equipment, and furniture and fixtures as part of its expansion in Modesto, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit “A” A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Fullfull-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by the taxpayer for the entire taxable year shall be annualized.time

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is an open source software developer a meat processing and provider whose California facilities are restaurant supply wholesaler located in Mountain View and Los AngelesFresno, California. In consideration for the Credit, Taxpayer agrees to expand its Mountain View purchase real property and Los Angeles facilities construct a cold storage and open a new packing facility in Fresno, California. In conjunction with this expansion project, invest in tenant improvements, and the Taxpayer will hire full-time employees (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit “A” A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Fullfull-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-Full- time Employees Hired,” Taxpayer may use the salaries of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by the taxpayer Taxpayer for the entire taxable year shall be annualized. In addition, the salary of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is an open source software developer electrical engineering company that designs and provider whose California facilities are located in Mountain View manages energy and Los Angeles, Californiatechnology projects at airports throughout the United States. In consideration for the Credit, Taxpayer agrees to expand its Mountain View and Los Angeles facilities and open a new facility in California, invest in tenant improvements, and hire full-time employees and invest in office space, computers, software, and testing equipment as part of its expansion in Irvine, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit “A” A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Fullfull-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-Full- time Employees Hired,” Taxpayer may use the salaries of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by the taxpayer for the entire taxable year shall be annualized.any

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is an open source software developer a global manufacturer of automotive technology, systems, and provider whose California facilities are located in Mountain View and Los Angeles, Californiacomponents. In consideration for the Credit, Taxpayer agrees to expand its Mountain View and Los Angeles facilities and open a new facility in California, invest in tenant improvements, and hire full-time employees and invest in manufacturing and computer equipment, research and development equipment, and tenant improvements as part of its expansion in Long Beach, Murrieta, Vista, and Compton, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit “A” A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Fullfull-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” Taxpayer may use the salaries of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by the taxpayer for the entire taxable year shall be annualized.time

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is an open source software developer a private aviation services company that assists aircraft owners with the safe, reliable, and provider whose California facilities are located in Mountain View efficient management and Los Angeles, Californiaoperation of their aircraft. In consideration for the Credit, Taxpayer agrees to expand its Mountain View and Los Angeles facilities and open a new facility in California, invest in tenant improvements, and hire full-time employees and invest in furniture and fixtures and office space as part of its expansion in Petaluma, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit “A” A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Fullfull-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary wage of any full-time employee that is not employed by the taxpayer Taxpayer for the entire taxable year shall be annualized. In addition, the wage of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is an open source software developer and provider whose California facilities are located a San Diego based health food company specializing in Mountain View and Los Angeles, Californiathe production of protein rich nutrition bars. In consideration for the Credit, Taxpayer agrees to expand its Mountain View and Los Angeles facilities and open purchase a new manufacturing facility in California, California and invest in tenant improvementsfood processing and manufacturing equipment. Additionally, and Taxpayer will hire full-time employees as part of its expansion (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit “A” (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” Taxpayer may use the salaries of any of the Full-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by the taxpayer for the entire taxable year shall be annualized.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is an open source software developer and provider whose California facilities are a food processor located in Mountain View and Los AngelesRiverside, California. In consideration for the Credit, Taxpayer agrees to expand its Mountain View and Los Angeles facilities and open a new facility in California, invest in tenant improvementsfood processing machines and increases to its cooler space capacity. Additionally, and Taxpayer will hire full-time employees to support its expansion goals (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit “A” (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” Taxpayer may use the salaries of any of the Full-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by the taxpayer for the entire taxable year shall be annualized.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is an open source software developer a manufacturer of engines, canopies and provider whose California facilities are other aircraft parts located in Mountain View Santa Xxx, El Cajon, and Los AngelesGarden Grove, California. In consideration for the Credit, Taxpayer agrees to expand its Mountain View and Los Angeles facilities and open a new facility in California, invest in tenant improvementscomputer equipment, manufacturing equipment and upgrades to its facilities and hire full-time employees (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit “A” (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” Taxpayer may use the salaries of any of the Full-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by the taxpayer for the entire taxable year shall be annualized.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is an open source software developer a metal fabrication, machining, and provider whose California facilities are located in Mountain View installation company for the food, dairy, wine, and Los Angeles, Californiachocolate processing industries. In consideration for the Credit, Taxpayer agrees to expand its Mountain View and Los Angeles facilities and open a new facility in California, invest in tenant improvements, and hire full-time employees and invest in manufacturing equipment, fleet vehicles, office space and a warehouse as part of its expansion in Ceres, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit “A” A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Fullfull-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-Full- time Employees Hired,” Taxpayer may use the salaries of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by the taxpayer Taxpayer for the entire taxable year shall be annualized. In addition, the salary of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is an open source software developer manufactures sheet metal for architectural, roofing, and provider whose California facilities are located in Mountain View heating, ventilation and Los Angeles, Californiaair conditioning products. In consideration for the Credit, Taxpayer agrees to expand its Mountain View and Los Angeles facilities and open a new facility in California, invest in tenant improvementsmanufacturing equipment, software licenses, and furniture and fixtures, and hire full-time employees as part of its expansion in Fresno, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit “A” A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Fullfull-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” Taxpayer may use the salaries of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by the taxpayer Taxpayer for the entire taxable year shall be annualized. In addition, the salary of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is an open source software developer a manufacturer, recycler, and provider whose California facilities are located in Mountain View and Los Angeles, Californiasupplier of plastic film used by the agricultural industry. In consideration for the Credit, Taxpayer Xxxxxxxx agrees to expand its Mountain View and Los Angeles facilities and open a new facility in California, invest in tenant improvements, and hire full-time employees and invest in manufacturing equipment, tenant improvements, and real property as part of its expansion in Fresno or Bakersfield, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit “A” A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Fullfull-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-Full- time Employees Hired,” Taxpayer may use the salaries of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by the taxpayer Taxpayer for the entire taxable year shall be annualized. In addition, the salary of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is an open source software developer a manufacturer of building products and provider whose California facilities are located materials used in Mountain View the construction of manufactured homes and Los Angeles, Californiarecreational vehicles. In consideration for the Credit, Taxpayer agrees to expand its Mountain View and Los Angeles facilities and open a new facility in California, invest in tenant improvements, and hire full-time employees and invest in a manufacturing facility, computers, and manufacturing equipment as part of its expansion in Fontana, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit “A” A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Fullfull-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-Full- time Employees Hired,” Taxpayer may use the salaries of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by the taxpayer for the entire taxable year shall be annualized.any

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

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Project/Milestones. Taxpayer is an open source software developer a wholesale dessert company specializing in all-natural individual sized desserts and provider whose California facilities are located in Mountain View and Los Angeles, Californiapastries. In consideration for the Credit, Taxpayer agrees to expand its Mountain View and Los Angeles facilities and open a new facility in California, invest in tenant improvements, and hire full-time employees and invest in a new manufacturing facility, food processing equipment, computers, and office furniture as part of its expansion in Richmond, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit “A” A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Fullfull-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-Full- time Employees Hired,” Taxpayer may use the salaries of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by the taxpayer Taxpayer for the entire taxable year shall be annualized. In addition, the salary of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is an open source software developer a high efficiency and provider whose California facilities are located in Mountain View and Los Angeles, Californialight emitting diode (LED) light fixture manufacturer. In consideration for the Credit, Taxpayer agrees to expand its Mountain View and Los Angeles facilities and open a new facility in California, invest in tenant improvements, and hire full-time employees and invest in manufacturing equipment, computer equipment, heavy machinery, furniture and fixtures, and vehicles as part of its expansion in Commerce, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit “A” A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Fullfull-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-Full- time Employees Hired,” Taxpayer may use the salaries of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by the taxpayer Taxpayer for the entire taxable year shall be annualized. In addition, the salary of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is an open source software developer and provider whose California facilities are a winery located in Mountain View and Los AngelesGeyserville, California with offices in Healdsburg, California. In consideration for the Credit, Taxpayer agrees to expand purchase manufacturing equipment, laboratory equipment, vehicles, and make tenant improvements to its Mountain View and Los Angeles facilities and open a new facility in Geyserville, California. In addition, invest in tenant improvements, and Taxpayer agrees to hire full-time employees (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit “A” A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Fullfull-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-Full- time Employees Hired,” Taxpayer may use the salaries of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by the taxpayer Taxpayer for the entire taxable year shall be annualized. In addition, the salary of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is an open source software developer prepares and provider whose California facilities are located in Mountain View delivers meals to healthcare facilities, retirement homes, educational facilities, long term care facilities, military installations, and Los Angeles, Californiaretail clients. In consideration for the Credit, Taxpayer agrees to expand its Mountain View and Los Angeles facilities and open a new facility in California, invest in tenant improvements, and hire full-time employees and invest in tenant improvements and food processing equipment as part of its expansion in Richmond, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit “A” A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Fullfull-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by the taxpayer for the entire taxable year shall be annualized.time

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is an open source software developer a clinical diagnostic laboratory service provider that tests blood and provider whose California facilities are located in Mountain View and Los Angeles, Californiasaliva for genetic abnormalities. In consideration for the Credit, Taxpayer Xxxxxxxx agrees to expand its Mountain View and Los Angeles facilities and open a new facility in California, invest in laboratory equipment, computer equipment, software licenses, and tenant improvements, and hire full-time employees as part of its expansion in Xxxxx Viejo, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit “A” A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Fullfull-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” Taxpayer may use the salaries of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by the taxpayer Taxpayer for the entire taxable year shall be annualized. In addition, the salary of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is an open source software developer designs and provider whose California facilities are located in Mountain View manufactures unmanned aerial system solutions and Los Angeles, Californiahigh performance aerial target systems. In consideration for the Credit, Taxpayer agrees to expand its Mountain View and Los Angeles facilities and open a new facility in California, invest in tenant improvements, and hire full-time employees and invest in research and development equipment, computer equipment, and manufacturing equipment as part of its expansion in Roseville and Sacramento, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit “A” A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full-full- time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” Taxpayer may use the salaries of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by the taxpayer for the entire taxable year shall be annualized.time

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is an open source software developer a manufacturer of metal products such as sheets, bars, plates, tubing, pipes, and provider whose California facilities are located in Mountain View and Los Angeles, Californiabeams. In consideration for the Credit, Taxpayer agrees to expand its Mountain View and Los Angeles facilities and open a new facility in California, invest in tenant improvements, and hire full-time employees and invest in manufacturing equipment, computer equipment, tenant improvements, furniture and fixtures, and facilities as part of its expansion in Arcadia and Hayward, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit “A” A (“Milestones”) and ). In addition, Taxpayer must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full- Time Employees Hired,” and “Cumulative Average Annual Wage of California Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full-full- time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by the taxpayer for the entire taxable year shall be annualized.time

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is an open source a software developer development company that provides route delivery optimization methods for bottled water, ice, food, and provider whose California facilities are located in Mountain View and Los Angeles, Californiageneral merchandise suppliers. In consideration for the Credit, Taxpayer agrees to expand its Mountain View and Los Angeles facilities and open a new facility in California, invest in computer equipment and tenant improvements, and hire full-time employees as part of its expansion in Turlock, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit “A” A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Fullfull-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” Taxpayer may use the salaries of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by the taxpayer Taxpayer for the entire taxable year shall be annualized. In addition, the salary of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is an open source a software developer specializing in internet applications and provider whose California facilities are located in Mountain View and Los Angeles, Californiasoftware for independent vehicle repair facilities. In consideration for the Credit, Taxpayer agrees to expand its Mountain View and Los Angeles facilities and open a new facility in California, invest in tenant improvements, and hire full-time employees and invest in a facility, manufacturing equipment, research and development equipment, and furniture and fixtures as part of its expansion in San Diego, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit “A” A (“Milestones”) and ). In addition, Taxpayer must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full- Time Employees Hired,” and “Cumulative Average Annual Wage of California Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full-full- time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by the taxpayer for the entire taxable year shall be annualized.time

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is an open source software developer provides marketing strategies and provider whose California facilities are located in Mountain View design services for the food and Los Angeles, Californiaagriculture industries. In consideration for the Credit, Taxpayer agrees to expand its Mountain View and Los Angeles facilities and open a new facility in California, invest in tenant improvements, and hire full-time employees and invest in office space, tenant improvements, computer equipment, software licenses, vehicles, and furniture and fixtures as part of its expansion in Salinas, Monterey and San Diego, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit “A” A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Fullfull-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by the taxpayer for the entire taxable year shall be annualized.time

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is an open source software developer a commercial and provider whose California facilities are located industrial LED light manufacturer in Mountain View and Los AngelesHarbor City, California. In consideration for the Credit, Taxpayer agrees to expand its Mountain View management and Los Angeles facilities and open a new facility production capacity in CaliforniaHarbor City, invest in tenant improvements, acquisition of a new production facility, and research and development equipment, and hire full-time employees (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit “A” (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” Taxpayer may use the salaries of any of the Full-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by the taxpayer for the entire taxable year shall be annualized.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is an open source software developer develops and provider whose California facilities are located in Mountain View manufactures satellites for use by military, national security, and Los Angeles, Californiacivilian customers. In consideration for the Credit, Taxpayer agrees to expand its Mountain View hire full-time employees and Los Angeles facilities and open a new facility in California, invest in tenant improvements, manufacturing and hire full-time employees computer equipment, and software licenses as part of its expansion in El Segundo, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit “A” A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Fullfull-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-Full- time Employees Hired,” Taxpayer may use the salaries of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by the taxpayer for the entire taxable year shall be annualized.any

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer Taxpayer, located in San Diego and San Xxxx, is an open source software developer online provider of background checks and provider whose California facilities are located in Mountain View and Los Angeles, Californiaother services. In consideration for the Credit, Taxpayer agrees to expand its Mountain View and Los Angeles facilities and open a new facility in California, invest in acquisition of new facilities, tenant improvements, computer equipment, furniture, fixtures, and computer equipment, and hire full-time employees (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit “A” (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” Taxpayer may use the salaries of any of the Full-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by the taxpayer for the entire taxable year shall be annualized.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is an open source software developer a San Diego based online wholesaler and provider whose California facilities are located in Mountain View and Los Angeles, Californiaseller of automotive parts. In consideration for the Credit, Taxpayer agrees to expand its Mountain View San Diego headquarters and Los Angeles facilities and open a new facility in Californiadistribution warehouse, invest in building leases, tenant improvements, computers, and warehouse equipment, and hire full-time employees (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit “A” (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” Taxpayer may use the salaries of any of the Full-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by the taxpayer for the entire taxable year shall be annualized.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is an open source software developer environmental consulting firm that specializes in fisheries and provider whose California facilities are located in Mountain View and Los Angeles, Californiaaquatic habitat investigations. In consideration for the Credit, Taxpayer Xxxxxxxx agrees to expand its Mountain View and Los Angeles facilities and open a new facility in California, invest in tenant improvementsresearch and development equipment, a vehicle, furniture and fixtures, laboratory instruments, and computer equipment, and hire full-full- time employees as part of its expansion in Arcata, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit “A” A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full-full- time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” Taxpayer may use the salaries of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by the taxpayer Taxpayer for the entire taxable year shall be annualized. In addition, the salary of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is an open source software developer automotive parts supplier that specializes in designing and provider whose California facilities are located in Mountain View manufacturing automobile interiors, electrical components, and Los Angeles, Californiawire harnesses. In consideration for the Credit, Taxpayer Xxxxxxxx agrees to expand its Mountain View and Los Angeles facilities and open a new facility in California, invest in tenant improvements, and hire full-time employees and invest in manufacturing equipment and a facility as part of its expansion in Livermore, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit “A” A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Fullfull-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-Full- time Employees Hired,” Taxpayer may use the salaries of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by the taxpayer Taxpayer for the entire taxable year shall be annualized. In addition, the salary of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is an open source software developer and provider whose California facilities are located a reinforcement steel subcontractor in Mountain View and Los AngelesSan Diego, California. In consideration for the Credit, Taxpayer agrees to expand its Mountain View and Los Angeles facilities and open a new facility in California, invest in fleet vehicles, software licenses, computer equipment, manufacturing equipment and tenant improvements. Additionally, and Taxpayer will hire full-time employees (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit “A” (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” Taxpayer may use the salaries of any of the Full-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by the taxpayer for the entire taxable year shall be annualized.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is an open source software developer electrical consulting firm that provides services to utility companies, generator and provider whose California facilities are located in Mountain View transmission owners, and Los Angelessolar, Californiawind, hydro, and geothermal energy providers. In consideration for the Credit, Taxpayer agrees to expand its Mountain View and Los Angeles facilities and open a new facility in California, invest in furniture and fixtures and tenant improvements, and hire full-time employees as part of its expansion in Folsom, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit “A” A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Fullfull-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” Taxpayer may use the salaries of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by the taxpayer Taxpayer for the entire taxable year shall be annualized. In addition, the salary of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is an open source software developer produces a variety of precooked frozen foods for government, schools, and provider whose California facilities are located in Mountain View and Los Angeles, Californiacommercial wholesalers. In consideration for the Credit, Taxpayer Xxxxxxxx agrees to expand its Mountain View and Los Angeles facilities and open a new facility in California, invest in tenant improvementsmanufacturing, refrigeration, and computer equipment and software licenses, and hire full-time employees as part of its expansion in Inglewood and Los Angeles, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit “A” A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Fullfull-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” Taxpayer may use the salaries of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by the taxpayer Taxpayer for the entire taxable year shall be annualized. In addition, the salary of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is an open source software developer a general contractor specializing in constructing restaurants, schools, churches, retail and provider whose California facilities are located in Mountain View medical facilities, and Los Angeles, Californiafuel stations. In consideration for the Credit, Taxpayer Xxxxxxxx agrees to expand its Mountain View and Los Angeles facilities and open a new facility in California, invest in tenant improvements, and hire full-time employees and invest in office space, tenant improvements, construction equipment, and trucks as part of its expansion in Yuba City, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit “A” A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Fullfull-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-Full- time Employees Hired,” Taxpayer may use the salaries of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by the taxpayer Taxpayer for the entire taxable year shall be annualized. In addition, the salary of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is produces software that analyzes risk tolerance to assist financial advisors to customize an open source software developer and provider whose California facilities are located in Mountain View and Los Angeles, Californiainvestment portfolio that matches a customer’s risk comfort level. In consideration for the Credit, Taxpayer agrees to expand its Mountain View and Los Angeles facilities and open a new facility in California, invest in tenant improvementscomputer equipment and software licenses, and hire full-time employees as part of its expansion in Auburn, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit “A” A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Fullfull-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” Taxpayer may use the salaries of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by the taxpayer Taxpayer for the entire taxable year shall be annualized. In addition, the salary of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is an open source a software developer specializing in internet applications and provider whose California facilities are located in Mountain View and Los Angeles, Californiasoftware for independent vehicle repair facilities. In consideration for the Credit, Taxpayer Xxxxxxxx agrees to expand its Mountain View and Los Angeles facilities and open a new facility in California, invest in tenant improvements, and hire full-time employees and invest in a facility, manufacturing equipment, research and development equipment, and furniture and fixtures as part of its expansion in San Diego, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit “A” A (“Milestones”) and ). In addition, Taxpayer must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full- Time Employees Hired,” and “Cumulative Average Annual Wage of California Full-Time Employees Hired”) for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of Full-full- time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” Taxpayer may use the salaries wages of any of the Fullfull-time employees hired and retained within the required time period. For purposes of calculating the “Minimum Annual Salary Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Salary Wage of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by the taxpayer for the entire taxable year shall be annualized.time

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

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