Base Employment Number definition
Examples of Base Employment Number in a sentence
Furthermore, no credit shall be earned in any Taxable Year in which the Company’s net full-time employment at the Project Location fails to exceed the Base Employment Number.
In addition to the Fiscal Impact Requirements, the Grantee agrees to: (1) maintain operations at the Project Location from at least the Commencement Date until the end of the Reporting Period, and (2) employ at least eighty percent (80%) of the Grantee’s Base Employment Number between the Training Deadline and the end of the Reporting Period, all of which shall be subject to Paragraph 8C.
The Company represents that the number of permanent, Full-Time Employees (as defined in Indiana Code § 6–3.1–13–4) from whom Indiana state income tax withholdings are retained by the State of Indiana (“State”), employed as of the Commencement Date at the Project Location, is the Base Employment Number.
The Base Withholding Amount is equal to the Base Employment Number multiplied by the base average wage multiplied by the effective State income tax withholdings rate.
The Grantee represents that the number of permanent, Full-Time Employees (as defined in Indiana Code § 6–3.1–13–4) from whom Indiana state income tax withholdings are retained by the State of Indiana (“State”), employed as of the Commencement Date at the Project Location, is the Base Employment Number.