State Incentives Sample Clauses

State Incentives. In addition to the COF Grant, in order to induce Lidl to make a Capital Investment of at least Seventy-Seven Million and 00/100 Dollars ($77,000,000.00), and to create and Maintain a minimum of five hundred (500) New Jobs by acquiring, improving, equipping, operating, and maintaining the Lidl Facility in Arlington County as of the Performance Date, the parties mutually understand the Commonwealth has stated its intention to provide the following additional incentives to Lidl: (i) an estimated Five Hundred Thousand and 00/100 Dollars ($500,000.00) from the Virginia Jobs Investment Program, which shall be used by Lidl to pay or reimburse itself for recruitment and training costs; and (ii) an estimated Two Million and 00/100 Dollars ($2,000,000.00) Virginia Economic Development Incentive Grant, the proceeds of which may be used by Lidl for any lawful purpose.
Sample 1
AutoNDA by SimpleDocs
State Incentives. In addition to the COF Grant, in order to induce APT to make a Capital Investment of at least Six Million Eight Hundred Thousand and 00/100 Dollars ($6,800,000.00) and to create and Maintain a minimum of three hundred sixty-eight (368) new jobs (in excess of the Baseline) by expanding, improving, equipping, operating, and maintaining the Facility in Arlington County, the Commonwealth will provide up to Three Hundred Sixty- Eight Thousand and 00/100 Dollars ($368,000.00) from the Virginia Jobs Investment Program, which shall be used by APT to pay or reimburse itself for recruitment and training costs for such new jobs. APT will receive One Thousand Dollars ($1,000.00) per each qualifying new job from the Virginia Jobs Investment Program, to be paid by the Commonwealth promptly following an application by APT following the new job having been employed by APT for ninety (90) days.
Sample 1
State Incentives. In addition to the COF Grant, in order to induce Nestle to meet the Capital Investment Target and the New Jobs Target by expanding, improving, equipping, operating, and maintaining the Facility in Arlington County, the Commonwealth will provide: (i) VJIP: up to One Million One Hundred Twenty-Two Thousand and 00/100 Dollars ($1,122,000.00) from the Virginia Jobs Investment Program (“VJIP”), which shall be used by Nestle to pay or reimburse itself for recruitment and training costs for such New Jobs. Nestle will receive One Thousand Five Hundred and 00/100 Dollars ($1,500.00) per each qualifying New Job from the Virginia Jobs Investment Program, to be paid by the Commonwealth promptly following an application by Nestle following the New Job having been employed by Nestle for at least ninety (90) days; and (ii) VEDIG: up to a Four Million and 00/100 Dollars ($4,000,000.00) VEDIG, payable in five annual installments of up to Eight Hundred Thousand and 00/100 Dollars ($800,000.00) each, to be paid by the Commonwealth to Nestle commencing in the third fiscal year after Nestle has achieved its Targets.
Sample 1
State Incentives. In addition to the COF Grant, in order to induce Xxxxx Xxxxxxxx to make or have made on its behalf a Capital Investment of at least Fifteen Million Seven Hundred Fifty Thousand and 00/100 Dollars ($15,750,000.00), to retain at least Eight Hundred Ninety-Five (895) Baseline Jobs and to relocate such jobs to the Facility, and to create and Maintain at least Three Hundred Forty-Eight (348) New Jobs, all by and through the Performance Date, the Commonwealth expects to provide an estimated Three Hundred Forty-Eight Thousand and 00/100 Dollars ($348,000.00) from the Virginia Jobs Investment Program, which shall be used by Xxxxx Xxxxxxxx to pay or reimburse itself for recruitment and training costs. 6. All other provisions of the Performance Agreement remain in full force and effect. [THE REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK]
Sample 1
State Incentives. The COF Grant is the only incentive being offered by the Commonwealth to AIR to induce AIR to make a Capital Investment of at least Twelve Million Five Hundred Thousand and 00/100 Dollars ($12,500,000.00) and to create and Maintain at least three hundred twenty (320) New Jobs by locating, renovating, improving, equipping, operating and maintaining the Facility, all as of the Performance Date. The proceeds of the COF Grant shall be used for the purposes described in Section 3(d).
Sample 1
State Incentives. In addition to the GOF Grant, in order to induce CEB to make and/or have made on its behalf a Capital Investment of at least One Hundred Forty-Nine Million Seven Hundred Thousand and 00/100 Dollars ($149,700,000.00) and to create a minimum of eight hundred (800) New Jobs by expanding, equipping, operating, and maintaining the CEB Facility at the Central Place development in Arlington County as of the Performance Date, the Commonwealth expects to provide the following additional incentives to CEB: (i) an estimated Three Hundred Eighty-Four Thousand and 00/100 Dollars ($384,000.00) Virginia Jobs Investment Program grant, the proceeds of which shall be used by CEB to pay or reimburse itself for recruitment and training costs; (ii) an estimated Five Million and 00/100 Dollars ($5,000,000.00) Virginia Economic Development Incentive grant, the proceeds of which may be used by CEB for any lawful purpose; and (iii) an estimated tax credit of up to Six Hundred Fifty Thousand and 00/100 ($650,000.00) under the Major Business Facility Jobs Tax Credit program, which may be used by CEB has an offset to Virginia corporate income taxes that may be owed by CEB.
Sample 1
State Incentives. In addition to the COF Grant, in order to induce Xxxxx Xxxxxxxx to make or have made on its behalf a Capital Investment of at least Fifteen Million Seven Hundred Fifty Thousand and 00/100 Dollars ($15,750,000.00), to retain at least Nine Hundred Twenty-Two (922) Baseline Jobs and the relocate such jobs to the Facility, and to create and Maintain at least Three Hundred Forty-Eight (348) New Jobs, all by and through the Performance Date, the Commonwealth expects to provide an estimated Three Hundred Forty-Eight Thousand and 00/100 Dollars ($348,000.00) from the Virginia Jobs Investment Program, which shall be used by Xxxxx Xxxxxxxx to pay or reimburse itself for recruitment and training costs.
Sample 1
AutoNDA by SimpleDocs
State Incentives. In addition to the COF Grant, in order to induce BNA to meet the Capital Investment Target and the New Jobs Target by renovating, improving, equipping, operating, and maintaining the Facility in Arlington County, the Commonwealth will provide up to $100,000 from the Virginia Jobs Investment Program, which shall be used by BNA to pay or reimburse itself for recruitment and training costs for such New Jobs. BNA will receive $800 per each qualifying New Job from the Virginia Jobs Investment Program, based upon the procedures and timing for that Program.
Sample 1

Related to State Incentives

  • Performance Incentives As a bonus, to supplement Assistant Coach’s compensation, as set out herein, the University agrees to pay the following sums upon attainment of each specified goal, provided the Program is in compliance with all Governing Athletics Rules and University Rules, and there are no pending or active NCAA or __________ Conference investigations or major violations of which Assistant Coach knew or should have known. Assistant Coach must also complete the _________ [insert sport] season as an Assistant [Men’s/Women’s] [delete if sport is football] __________ Coach to receive any performance incentives for that season. Payment will be made to Assistant Coach within 60 days after goal is accomplished. (a) $_________ in any contract year in which the team wins the __________ Conference championship. (b) $_________ in any contract year in which the team participates in post-season NCAA competition. (c) $_________ for each game that the team wins in NCAA post-season competition. (d) $_________ in any contract year in which the team wins the NCAA championship.]

  • Performance Incentive 4.10.1 If the Seller delivers Coal to the Purchaser in excess of ninety percent (90%) of the ACQ in a particular Year, the Purchaser shall pay the Seller an incentive (“Performance Incentive”/ “PI”), to be determined as follows: PI = P x Additional Deliveries x Multiplier Where: PI = The Performance Incentive payable by the Purchaser to the Seller P = The Base Price of Highest Grade, as shown in Schedule II Additional Deliveries = Quantity [in tonnes] of Coal delivered by the Seller in the relevant Year in excess of 90% of the ACQ. Multiplier shall be 0.15 for Additional Deliveries between 90%-95% of ACQ and 0.30 for Additional Deliveries in excess of 95% of ACQ. 4.10.2 With respect to part of a Year in which the term of this Agreement begins or ends, the relevant quantities in Clause 4.10.1, except the Multiplier, shall apply pro-rata. 4.10.3 Within thirty (30) days of expiry of a Year, the Seller shall submit an invoice to the Purchaser with respect to the PI payable in terms of Clause 4.10.1 and the Purchaser shall pay the amount so due within thirty (30) days of the receipt of the invoice. In the event of non-payment of PI by the due date, the Seller shall have the right to suspend Coal supplies without absolving the Purchaser of its obligations under this Agreement.

  • Annual Incentive The Employee shall be entitled to receive a percentage of the Employee's Target Incentive for the calendar year in which such termination occurs. Such percentage shall equal a fraction, the numerator of which shall be the number of days in such calendar year up to and including the date of such termination and the denominator of which shall be the number of days in such calendar year. Such amount shall be payable according to the normal practice of the Company with respect to the payment of bonuses.

  • Long-Term Incentive Compensation Subject to the Executive’s continued employment hereunder, the Executive shall be eligible to participate in any equity incentive plan for executives of the Firm as may be in effect from time to time, in accordance with the terms of any such plan.

  • Annual Incentive Compensation Executive shall be eligible to receive an annual bonus (“Annual Bonus”) with respect to each fiscal year ending during the Employment Period. The Annual Bonus shall be determined under the 2006 Omnibus Incentive Plan (the “Omnibus Plan”) or such other annual incentive plan maintained by the Company for similarly situated employees that the Company designates, in its sole discretion (any such plan, the “Bonus Plan”), in accordance with the terms of such plan as in effect from time to time. For each such fiscal year, Executive shall be eligible to earn a target Annual Bonus equal to seventy percent (70%) of Executive’s Base Salary for such fiscal year, if the Company achieves the target performance goals established by the Board for such fiscal year in accordance with the terms of the Bonus Plan. If the Company does not achieve the threshold performance goals established by the Board for a fiscal year, Executive shall not be entitled to receive an Annual Bonus for such fiscal year. If the Company exceeds the target performance goals established by the Board for a fiscal year, Executive may be entitled to earn an additional Annual Bonus for such year in accordance with the terms of the applicable Bonus Plan. The Annual Bonus for each year shall be payable at the same time as bonuses are paid to other senior executives of the Company in accordance with the terms of the applicable Bonus Plan, but in no event later than two and a half (21/2) months following the end of the applicable fiscal year in which such Annual Bonus was earned. Executive shall be entitled to receive any Annual Bonus that becomes payable in a lump-sum cash payment, or, at his election, (A) up to fifty percent (50%) of the Annual Bonus in the form of a grant of restricted stock units of Common Stock (as defined below) or (B) in any form that the Board generally makes available to the Company’s executive management team, provided that any such election is made by Executive in compliance with Section 409A of the Code and the regulations promulgated thereunder.

  • Annual Incentive Plan Executive shall be entitled to participate fully in the Company's 1996 Management Incentive Compensation Plan, as amended (the "MICP"), and as may be further amended, modified, or replaced, from time to time, in accordance with the terms and conditions set forth herein and therein.

  • Long-Term Incentives The Company shall provide the Executive the opportunity to earn long-term incentive awards under the current equity and cash based plans and programs or replacements therefor at a level commensurate with the current aggregate opportunity being provided to the Executive.

  • Short-Term Incentive Compensation In addition to the foregoing Base Salary, the Executive shall be eligible during the Term to receive cash short-term incentive compensation, determined and payable in the discretion of the Compensation Committee of the Board. At least annually, the Compensation Committee shall consider awarding short-term incentive compensation to the Executive.

  • Cash and Incentive Compensation (a) All payments referenced in this Agreement are subject to applicable tax withholdings and authorized or required deductions.

  • Annual Incentive Awards The Executive shall participate in the Company's annual incentive compensation plan with a target annual incentive award opportunity of no less than 40% of Base Salary and a maximum annual incentive award opportunity of 80% of Base Salary. Payment of annual incentive awards shall be made at the same time that other senior-level executives receive their incentive awards.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!