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Common use of Project/Milestones Clause in Contracts

Project/Milestones. The Taxpayer, located in Modesto, California, designs, engineers, and installs integrated computer systems for industrial businesses, predominantly in the food and beverage industries. In consideration for the Credit, Taxpayer agrees to invest in software licenses, computer equipment, and the expansion of its facility in Modesto, California. Additionally, 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 2 contracts

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

Project/Milestones. The Taxpayer, located Taxpayer is a farming and food processing company that specializes in Modesto, California, designs, engineers, organic and installs integrated computer systems for industrial businesses, predominantly in the food eco- farmed rice and beverage industriesrice products that are sold both domestically and internationally. In consideration for the Credit, Taxpayer agrees to invest in laboratory instruments, research and development, computer, and food processing equipment, land, furniture and fixtures, tenant improvements, software licenses, computer equipmentand vehicles, and the expansion of its facility in Modesto, California. Additionally, Taxpayer will hire full-time employees to support as part of its expansion goals in Richvale, 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. The Taxpayer, located in ModestoSan Francisco, California, designsserves as Macy’s and Bloomingdale’s e- commerce division, engineersfulfilling customers’ orders that are placed online, and installs integrated computer systems for industrial businessesvia a mobile device, predominantly in the food and beverage industriesor from one of their retail stores. In consideration for the Credit, Taxpayer agrees to invest increase the size of its San Francisco headquarters by investing in software licensestenant improvements, computer equipmentleasing additional office space, and the expansion of its facility in Modestocomputers, California. Additionally, Taxpayer will hire and hiring 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. The Taxpayer, located in ModestoAnaheim, California, designs, engineers, is a complete HVAC and installs integrated computer systems for plumbing contracting firm that specializes in large-scale commercial industrial businesses, predominantly in the food and beverage industriesprojects. In consideration for the Credit, Taxpayer agrees to expand its warehouse facility and office headquarters. In addition, Taxpayer will invest in software licensestenant improvements, manufacturing equipment, computer equipment, vehicles and the expansion of its facility in Modesto, California. Additionally, Taxpayer will hire full-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. The Taxpayer, located Taxpayer is a producer and distributor of wine and non-alcoholic wine beverages headquartered in ModestoSt. Helena, California, designs, engineers, and installs integrated computer systems for industrial businesses, predominantly in the food and beverage industries. In consideration for the Credit, Taxpayer agrees to invest expand its Lodi, California bottling and distribution center by making investments in manufacturing equipment, furniture and software licenses, computer equipment, and the expansion of its facility in Modesto, California. Additionally, Taxpayer will hire full-time employees to support as part of 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 2 contracts

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

Project/Milestones. The TaxpayerTaxpayer operates almond, located pistachio, and pomegranate orchards in ModestoShafter, California, designs, engineers, and installs integrated computer systems for industrial businesses, predominantly in the food and beverage industries. In consideration for the Credit, Taxpayer agrees to cultivate and manage bee hive operations, invest in software licensesbee hives, computer agricultural and food processing equipment, and the expansion of its facility in Modesto, California. Additionally, Taxpayer will computer 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-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. The TaxpayerTaxpayer is a packager, located assembler, sterilizer and manufacturer of medical devices. Taxpayer has certified in Modestoits application that absent award of the CCTC, California, designs, engineers, and installs integrated computer systems for industrial businesses, predominantly the project will occur in the food and beverage industriesanother state. In consideration for the Credit, Taxpayer agrees to expand its medical device manufacturing facility in Santa Fe, California, invest in software licenses, computer manufacturing equipment, vehicles, furniture, tenant improvements, and the expansion of its facility in Modesto, California. Additionally, Taxpayer will computers 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. The Taxpayer, Taxpayer is a biopharmaceutical company located in ModestoSan Diego, California, designs, engineers, and installs integrated computer systems for industrial businesses, predominantly in the food and beverage industries. In consideration for the Credit, Taxpayer Xxxxxxxx agrees to expand research and development of treatments for oncology and degenerative diseases. Xxxxxxxx agrees to invest in software licensesresearch and development equipment, computer equipment, furniture, tenant improvements, patents and the expansion of its facility in Modesto, Californiabuilding construction. Additionally, Taxpayer will hire full-time employees to support as part of 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. The TaxpayerTaxpayer is a provider of single use systems and components used in the pharmaceutical, located in Modesto, California, designs, engineersbiotech, and installs integrated computer systems for industrial businesses, predominantly in the food and beverage industries. In addition, Taxpayer offers fabrication services for custom plastic and stainless steel products used by these industries in their manufacturing processes. In consideration for the Credit, Taxpayer agrees to invest in software licenses, computer tenant improvements and manufacturing equipment, and the expansion of its facility in Modesto, California. Additionally, Taxpayer will hire full-time employees to support as part of its expansion goals in Camarillo, 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. The TaxpayerTaxpayer operates a number of websites that provide family history and genealogical research services. Taxpayer has certified in its application that absent award of the CCTC, located its project may occur in Modesto, California, designs, engineers, and installs integrated computer systems for industrial businesses, predominantly in the food and beverage industriesanother state. In consideration for the Credit, Taxpayer Xxxxxxxx agrees to invest in software licenses, computer equipment, and the expansion of its facility in Modesto, California. Additionally, Taxpayer will hire full-time employees to support and invest in computer equipment, software licenses, and furniture and fixtures as part of its expansion goals in San Francisco, 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 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 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.and

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. The Taxpayer, currently located in ModestoHouston, CaliforniaTexas, designs, engineers, is a commercial provider of high power lasers used for drilling and installs integrated computer systems for industrial businesses, predominantly other applications in the food oil, natural gas, geothermal and beverage mining industries. In consideration for the Credit, Taxpayer Xxxxxxxx agrees to invest in software licenses, computer equipment, and the expansion of its facility in Modestoopen a commercial office near Bakersfield, California, for high power laser decommissioning services to cut off wellheads without the need for heavy excavation around the well. AdditionallyIn addition, Taxpayer will hire full-time employees to support its expansion goals this new office (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. The Taxpayer, located in ModestoVentura, California, designsis a technology services provider that specializes in business intelligence (BI) systems, engineersdata warehousing, geographic information systems (GIS), custom application development, health analytics, project/program management, and installs integrated computer systems for industrial businesses, predominantly in the food and beverage industriescloud services. In consideration for the Credit, Taxpayer agrees to invest in software licensestenant improvements, computer equipment, and the expansion of its facility in Modesto, California. Additionally, 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” 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. The Taxpayer, located with locations in ModestoSan Mateo, San Francisco, Chico, and Los Angeles, California, designsperforms marketing, engineersinvestment, and installs integrated computer systems R&D support services for industrial businesses, predominantly in the food its non-domestic entities that operate online and beverage industriesmobile marketplaces that enable businesses to conduct both wholesale and retail transactions. In consideration for the Credit, Taxpayer agrees to invest in software licenses, tenant improvements and computer equipment, equipment and the expansion of its facility in Modesto, California. Additionally, 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” 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. The TaxpayerTaxpayer is an electric vehicle, located in Modesto, California, designs, engineerspowertrain component, and installs integrated computer systems for industrial businesses, predominantly in the food and beverage industriesbattery manufacturer. In consideration for the Credit, Taxpayer agrees to invest in software licensesexpand its operations at various locations throughout California, computer equipmentincluding Fremont, Palo Alto, Lathrop, and the expansion of its facility in Modesto, CaliforniaHawthorne. Additionally, Taxpayer will invest in the purchase of real property, tenant improvements, manufacturing equipment, research and development equipment, and hire full-full- time employees to support as part of its expansion goals (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. The TaxpayerTaxpayer is a foreign-direct, located in Modestostart-up design, California, designs, engineersengineering, and installs integrated computer manufacturing company that will manufacture integrated, whole-house engineered timber frame building systems for industrial businesses, predominantly residential and light commercial construction markets. Taxpayer has certified that at least 75% of its net increase of full-time employees will work at least 75% of the time in San Xxxxxxx county. San Xxxxxxx county was an Area of High Unemployment and/or an Area of High Poverty at the food and beverage industriestime Taxpayer submitted its application. In consideration for the Credit, Taxpayer agrees to invest in software licenses, computer equipment, and the expansion of its facility in Modesto, California. Additionally, Taxpayer will hire full-time employees to support and invest in manufacturing equipment, computer equipment, software licenses, automation software, tenant improvements, vehicles, and a facility as part of its expansion goals in Ripon, 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 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.and

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. The Taxpayer, located in Modesto, California, Taxpayer designs, engineersdevelops and manufactures optoelectronics and advanced electronic systems for the medical, semiconductor, defense, biotech, aerospace, energy conservation, and installs integrated computer systems for industrial businesses, predominantly in the food and beverage manufacturing industries. In consideration for the Credit, Taxpayer agrees to invest in software licensesmanufacturing equipment, computer equipment, and the expansion of make upgrades to improve manufacturing processes at its facility in ModestoFremont, California. AdditionallyIn addition, Taxpayer will agrees to hire full-time employees to support its expansion goals (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. The TaxpayerTaxpayer operates numerous media networks that create television programs, located in Modestomotion pictures, Californiashort-form videos, designssocial media, engineersconsumer products, and installs integrated computer systems other entertainment content for industrial businesses, predominantly audiences in the food more than 160 countries and beverage industriesterritories. In consideration for the Credit, Taxpayer agrees to invest establish a new West Coast Media Network headquarters in software licensesHollywood, computer equipmentCalifornia, and the expansion of its facility by constructing a new office building in ModestoBurbank, California. Additionally, Taxpayer will also agrees to 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. The TaxpayerTaxpayer is a foreign-direct, located in Modestostart-up design, California, designs, engineersengineering, and installs integrated computer manufacturing company that will manufacture integrated, whole-house engineered timber frame building systems for industrial businesses, predominantly residential and light commercial construction markets. Taxpayer has certified that at least 75% of its net increase of full-time employees will work at least 75% of the time in San Joaquin county. San Joaquin county was an Area of High Unemployment and/or an Area of High Poverty at the food and beverage industriestime Taxpayer submitted its application. In consideration for the Credit, Taxpayer agrees to invest in software licenses, computer equipment, and the expansion of its facility in Modesto, California. Additionally, Taxpayer will hire full-time employees to support and invest in manufacturing equipment, computer equipment, software licenses, automation software, tenant improvements, vehicles, and a facility as part of its expansion goals in Ripon, 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 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.and

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. The Taxpayer, located Taxpayer is an international clean and renewable energy company in ModestoVista, California, designs, engineers, and installs integrated computer systems for industrial businesses, predominantly in the food and beverage industries. In consideration for the Credit, Taxpayer agrees to expand its operations with the purchase of a commercial building used to manufacture Algae based products. As part of its expansion, Taxpayer will invest in software licenses, computer manufacturing equipment, research and the expansion of its facility in Modestodevelopment, Californiacomputers, furniture, patents and fleet vehicles. Additionally, Taxpayer will hire full-time employees to support as part of 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. The TaxpayerTaxpayer researches and manufactures prescription medicine used to treat a myriad of diseases and ailments including cancer, located in Modesto, California, designs, engineersasthma, and installs integrated computer systems for industrial businesses, predominantly in the food and beverage industrieshemophilia. In consideration for the Credit, Taxpayer agrees to invest in software licenses, computer equipment, and the expansion of its facility in Modesto, California. Additionally, Taxpayer will hire full-time employees to support and invest in manufacturing equipment, vehicles, computer equipment, tenant improvements, furniture and fixtures, laboratory instruments, research and development equipment, and software licenses as part of its expansion goals in Fremont, 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. The TaxpayerTaxpayer markets and sells premium wines directly to consumers on behalf of wineries. Taxpayer has certified in its application that absent award of the CCTC, located the project will occur in Modesto, California, designs, engineers, and installs integrated computer systems for industrial businesses, predominantly in the food and beverage industriesanother state. In consideration for the Credit, Taxpayer agrees to expand its Santa Xxxx call center, lease a new facility, and invest in software licensestenant improvements, computer equipment, computers, furniture and the expansion of its facility in Modesto, California. Additionally, Taxpayer will software 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-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. The TaxpayerTaxpayer is a diversified technology company with products in aerospace, located in Modestobuilding control systems, Californiaresidential electronic systems, designs, engineers, turbochargers and installs integrated computer systems for industrial businesses, predominantly in the food and beverage industriesother performance related products. In consideration for the Credit, Taxpayer agrees to upgrade its Torrance, California facility through tenant improvements. Additionally, Taxpayer will invest in software licenses, computer equipment, manufacturing equipment and the expansion research and development technologies. As part of its facility in Modesto, California. Additionallythis expansion, 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. The Taxpayer, located in Modesto, California, designs, engineers, Taxpayer is a furniture accessory designer and installs integrated computer systems for industrial businesses, predominantly manufacturer. Taxpayer has certified that at least 75% of its net increase of full-time employees will work at least 75% of the time in the food and beverage industriescity of Xxxxxxx. Compton was an area of high unemployment and/or poverty at the time Taxpayer submitted its application. In consideration for the Credit, Taxpayer agrees to invest in software licenses, computer equipment, and the expansion of its facility in Modesto, California. Additionally, Taxpayer will hire full-time employees to support and invest in manufacturing equipment as part of its expansion goals in 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 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. The TaxpayerTaxpayer is an aircraft repair and parts manufacturer. Taxpayer has certified in its application that absent award of the CCTC, located the project may occur in Modesto, California, designs, engineersanother state, and installs integrated computer systems for industrial businesses, predominantly it may terminate all or a portion of its employees in the food and beverage industriesCalifornia or relocate all or a portion of its employees in California to another state. In consideration for the Credit, Taxpayer agrees to invest in software licenses, computer equipment, and the expansion of its facility in Modesto, California. Additionally, Taxpayer will hire full-time employees to support and invest in manufacturing and computer equipment as part of its expansion goals in McClellan, 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. The TaxpayerTaxpayer is a medical device contract manufacturer, located in Modestoproviding initial design, Californiadevice manufacturing, designs, engineerspackaging, and installs integrated computer systems for industrial businesses, predominantly in the food and beverage industriesregulatory compliance services. In consideration for the Credit, Taxpayer agrees to make leasehold improvements to its current facility in Baldwin Park, California to include a medical research and development lab. In addition, Xxxxxxxx agrees to invest in software licensesresearch and development equipment, computer equipment, office furniture, and the expansion of its facility in Modesto, California. Additionally, 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” 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. The TaxpayerTaxpayer produces large containers made from corrugated cardboard with a waterproof liner. These "boxes" can be used by aircraft with cargo capacity to drop water on wildfires; or, located in Modestowhen filled with gravel, California, designs, engineers, and installs integrated computer systems for industrial businesses, predominantly in the food and beverage industriesemergency flood control barriers. In consideration for the Credit, Taxpayer agrees to invest in software licenses, computer manufacturing equipment, facility construction, and the expansion of its facility in Modestotenant improvements, California. Additionally, Taxpayer will and hire full-time employees to support as part of its expansion goals 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. The Taxpayer, located in Modesto, California, designs, engineers, Taxpayer manufactures corrugated packaging products and installs integrated computer systems for industrial businesses, predominantly specializes in the food conversion of recycled containerboard into packaging products including corrugated boxes and beverage industriescommercial displays. In consideration for the Credit, Taxpayer agrees to open a corrugated package manufacturing facility in Santa Fe Springs, California. As part of its expansion into California, Taxpayer will invest in software licenses, computer manufacturing equipment, software licenses and the expansion of make tenant improvements at its facility in Modesto, CaliforniaSanta Fe Springs facility. Additionally, Taxpayer will hire full-time employees to support its in connection with this 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. The TaxpayerTaxpayer is a polymer materials designer and produces engineered compounds for the plastics and fiber industries. Taxpayer has certified in its application that absent award of the CCTC, located its project will occur in Modesto, California, designs, engineers, and installs integrated computer systems for industrial businesses, predominantly in the food and beverage industriesanother state. In consideration for the Credit, Taxpayer Xxxxxxxx agrees to invest in software licenses, computer equipment, and the expansion of its facility in Modesto, California. Additionally, Taxpayer will hire full-time employees to support and invest in manufacturing equipment, furniture and fixtures, and tenant improvements as part of its expansion goals in Rancho Xxxxxxxxx, 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. The TaxpayerTaxpayer is a manufacturer of mobile refueling stations that are installed above ground. Taxpayer has certified in its application that absent award of the California Competes Tax Credit, located its project will occur in Modestoanother state; and, Californiait will terminate all or a portion of its employees in California or relocate all or a portion of its employees in California to another state. Further, designs, engineers, and installs integrated computer systems for industrial businesses, predominantly Taxpayer has certified that at least 75% of its net increase of full-time employees will work at least 75% of the time in Shafter. Shafter was an Area of High Unemployment and/or an Area of High Poverty at the food and beverage industriestime Taxpayer submitted its application. In consideration for the Credit, Taxpayer agrees to invest in software licenses, computer equipment, and the expansion of its facility in Modesto, California. Additionally, Taxpayer will hire full-time employees to support and invest in manufacturing equipment, a facility, and vehicles as part of its expansion goals in Shafter and Bakersfield, 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 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 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.and

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. The Taxpayer, located Taxpayer prepares and delivers meal kits in Modesto, California, designs, engineers, and installs integrated computer systems environmentally friendly reusable packaging that include fresh ingredients with recipes for industrial businesses, predominantly in the food and beverage industriescustomers to cook at home. In consideration for the Credit, Taxpayer agrees to invest in software licenses, computer equipment, and the expansion of its facility in Modesto, California. Additionally, Taxpayer will hire full-time employees to support and invest in computer, manufacturing, heavy, and food processing equipment, software licenses, furniture and fixtures, office space, and tenant improvements as part of its expansion goals in Ventura, Riverside County, and Northern 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 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