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Common use of Project/Milestones Clause in Contracts

Project/Milestones. Taxpayer is a manufacturer and distributor of eyeglass lenses. In consideration for the Credit, Taxpayer agrees to hire full-time employees and invest in manufacturing equipment, computer equipment, furniture and fixtures, and tenant improvements as part of its expansion in Torrance and Los Angeles County, California (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 Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Wage of California Full-time Employees Hired,” Taxpayer may use the wages of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Wage of California Full-time Employees Hired” and

Appears in 3 contracts

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

Project/Milestones. Taxpayer is a manufacturer an environmentally conscious product development, branding, marketing, and distributor of eyeglass lensesmanufacturing company that makes natural food products. In consideration for the Credit, Taxpayer Xxxxxxxx agrees to hire full-time employees and invest in manufacturing equipment, computer equipment, furniture and fixturestenant improvements, and tenant improvements a facility as part of its expansion in Torrance and Los Angeles CountyWoodland, California (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 Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Wage of California Full-time Employees Hired,” Taxpayer may use the wages of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Wage of California Full-time Employees Hired” andtime

Appears in 2 contracts

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

Project/Milestones. Taxpayer is a manufacturer and distributor of eyeglass lensessoftware company that specializes in developing technology for the construction management industry. In consideration for the Credit, Taxpayer agrees to hire full-time employees and invest in manufacturing equipment, computer equipment, furniture and fixtures, equipment and tenant improvements as part of its expansion in Torrance Carpinteria, San Xxxx, and Los Angeles CountySan Diego, California (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 Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Wage of California Full-time Employees Hired,” Taxpayer may use the wages of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Wage of California Full-time Employees Hired” and

Appears in 2 contracts

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

Project/Milestones. Taxpayer is a manufacturer sheet and distributor of eyeglass lensescoil metal manufacturer. In consideration for the Credit, Taxpayer agrees to hire full-time employees and invest in a facility, tenant improvements, manufacturing equipment, computer equipment, furniture and fixtures, and tenant improvements software licenses as part of its expansion in Torrance Chino and Los Angeles CountyRialto, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit 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-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Wage of California Full-time Employees Hired,” Taxpayer may use the wages of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Wage of California Full-time Employees Hired” and

Appears in 2 contracts

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

Project/Milestones. Taxpayer is a manufacturer commercial truck and distributor of eyeglass lensesequipment dealer specializing in repurposing vehicles. In consideration for the Credit, Taxpayer Xxxxxxxx agrees to hire full-time employees and invest in manufacturing equipmentfleet vehicles, computer equipment, furniture and fixturestools, and tenant improvements as part of its expansion in Torrance and Los Angeles CountySacramento, California (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 Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Wage of California Full-time Employees Hired,” Taxpayer may use the wages of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Wage of California Full-time Employees Hired” andand the “Cumulative Average Annual Wage of California Full-time

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a manufacturer wholesale distributor and distributor online retailer of eyeglass lensesbaby clothes, toys, and products. In consideration for the Credit, Taxpayer agrees to hire full-time employees and invest in manufacturing equipment, computer equipment, furniture and fixtures, a facility and tenant improvements as part of its expansion in Torrance and Los Angeles Sacramento County, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit 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-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Wage of California Full-time Employees Hired,” Taxpayer may use the wages of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Wage of California Full-time Employees Hired” and

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a manufacturer develops and distributor of eyeglass lensesmanufactures gene expression and DNA sequencing technology. In consideration for the Credit, Taxpayer agrees to hire full-time employees and invest in manufacturing research and development equipment, computer equipment, furniture and fixtures, and tenant improvements as part of its expansion in Torrance and Los Angeles CountyCarlsbad, California (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 Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Wage of California Full-time Employees Hired,” Taxpayer may use the wages of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Wage of California Full-time Employees Hired” and

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a manufacturer and distributor designer of eyeglass lensesyoga-based ergonomic furniture and sustainable office products. In consideration for the Credit, Taxpayer agrees to hire full-time employees and invest in tenant improvements, manufacturing equipment, computer equipment, furniture and fixtures, and tenant improvements vehicles as part of its expansion in Torrance and Los Angeles CountyTorrance, California (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 Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Wage of California Full-time Employees Hired,” Taxpayer may use the wages of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Wage of California Full-time Employees Hired” and

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a manufacturer of building products and distributor materials used in the construction of eyeglass lensesmanufactured homes and recreational vehicles. In consideration for the Credit, Taxpayer agrees to hire full-time employees and invest in a manufacturing equipmentfacility, computer equipment, furniture and fixturescomputers, and tenant improvements manufacturing equipment as part of its expansion in Torrance and Los Angeles CountyFontana, California (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 Wage Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Wage Salary of California Full-Full- time Employees Hired,” Taxpayer may use the wages salaries of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Wage Salary of California Full-time Employees Hired” andand the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a manufacturer an orthodontics and distributor of eyeglass lensesdental surgery practice. In consideration for the Credit, Taxpayer Xxxxxxxx agrees to hire full-time employees and invest in manufacturing dental equipment, computer equipmenttenant improvements, furniture and fixtures, and tenant improvements a facility as part of its expansion in Torrance Selma and Los Angeles CountyFresno, California (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 Wage Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Wage Salary of California Full-time Employees Hired,” Taxpayer may use the wages of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Wage of California Full-time Employees Hired” andsalaries of

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a manufacturer and distributor of eyeglass lensescarbon fiber product manufacturer. In consideration for the Credit, Taxpayer agrees to hire full-time employees and invest in software licenses, manufacturing equipment, vehicles, computer equipment, heavy equipment, furniture and fixtures, and tenant improvements as part of its expansion in Torrance and Los Angeles CountyWest Sacramento, California (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 Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Wage of California Full-time Employees Hired,” Taxpayer may use the wages of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Wage of California Full-time Employees Hired” andtime

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a manufacturer offers equipment repair and distributor of eyeglass lensesinstallation services to the biotech, pharmaceutical, and animal research industries. In consideration for the Credit, Taxpayer Xxxxxxxx agrees to hire full-time employees and invest in manufacturing equipment, computer equipment, furniture and fixtures, and tenant improvements vehicles as part of its expansion in Torrance and Los Angeles CountyFontana, California (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-full- time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Wage of California Full-time Employees Hired,” Taxpayer may use the wages of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Wage of California Full-time Employees Hired” andand the “Cumulative Average Annual Wage of California Full-time

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a manufacturer consulting firm that works with private business, cities and distributor of eyeglass lenseslocalities to develop business and tourism districts. In consideration for the Credit, Taxpayer agrees to hire full-time employees and invest in manufacturing equipment, computer equipmentoffice space, furniture and fixtures, and tenant improvements computer equipment as part of its expansion in Torrance and Los Angeles CountySacramento, California (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 Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Wage of California Full-time Employees Hired,” Taxpayer may use the wages of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Wage of California Full-time Employees Hired” and

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is operates a manufacturer website that connects people looking for medical and distributor of eyeglass lensesbiotechnology research services and subject matter experts that can provide those services. In consideration for the Credit, Taxpayer Xxxxxxxx agrees to hire full-time employees and invest in manufacturing equipment, computer equipment, furniture equipment and fixtures, and tenant improvements software licenses as part of its expansion in Torrance and Los Angeles CountySolana Beach, California (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 Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Wage of California Full-time Employees Hired,” Taxpayer may use the wages of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Wage of California Full-time Employees Hired” andtime

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement

Project/Milestones. Taxpayer is a manufacturer general site preparation contractor for residential, commercial, industrial, and distributor of eyeglass lensesmunicipal projects throughout Northern California. In consideration for the Credit, Taxpayer agrees to hire full-time employees and invest in manufacturing equipment, computer equipment, furniture and fixturesheavy equipment, and tenant improvements vehicles as part of its expansion in Torrance and Los Angeles CountyRancho Cordova, California (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 Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Wage of California Full-time Employees Hired,” Taxpayer may use the wages of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Wage of California Full-time Employees Hired” and

Appears in 1 contract

Samples: California Competes Tax Credit Allocation Agreement