Job Commitment definition

Job Commitment means the creation at the Project of not less than [] new, full-time equivalent jobs by the last day of the 10th year of the Investment Period.
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Job Commitment has the meaning set forth in Section 20.6.1.
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Job Commitment means the number of jobs to be created and retained as of the Metric Evaluation Date as set forth in the Loan Summary.
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Examples of Job Commitment in a sentence

  • Employees who are flagged while on Special Assignment, Temporary Foreperson, Start-up or Job Commitment, Coordinator etc.

  • Step A: 50% * (Investment Achieved / Investment Commitment) + 50% * (Jobs Achieved / Job Commitment) = Achievement Percentage Step B: SSRC Percentage (which is 30%) * Achievement Percentage = Adjusted SSRC Percentage Note: The formula above shall take into account any investment and jobs exceeding the Investment Commitment or Job Commitment, respectively.

  • If, by the end of the fifth year of the Credit Period (projected to be December 31, 2019), the Company, based on the formula below, achieves an “Achievement Factor” at or above ninety percent (90%) of its Investment Commitment and Job Commitment, then the Company shall be deemed by the County to have complied with its commitments under this Agreement and the SSRC benefits shall continue unchanged under this Agreement.

  • The formula to calculate the Achievement Factor is as follows: 50% * (Investment Achieved / Investment Commitment) + 50% * (Jobs Achieved / Job Commitment) = Achievement Factor Note: The formula above shall take into account any investment and jobs exceeding the Investment Commitment or Job Commitment, respectively.

  • If Grantee fails to satisfy its Job Commitment obligations under Section 4.2 or to maintain substantial operations at the Project site during the Term pursuant to Section 4.1, Grantor may require Grantee to pay to Grantor, as liquidated damages for such breach, an amount equal to the amount of the Grant Funds disbursed to Grantee under this Agreement.

  • With respect to the Jobs Commitment, the amount of the Job Commitment Fee is determined by subtracting the product of the Project Costs times the ratio of the number of full time jobs created over 30 from the Project Costs, as is more fully described and defined in Article 8 of this Agreement.

  • In the event that Masland owes a Job Commitment Fee to the City, then Masland shall have no obligation hereunder with respect to the Maintenance Commitment and/or the Maintenance Commitment Fee.

  • In the event that Masland has not met its Job Commitment by the end of the Employment Period, then Masland shall pay to the City the Job Commitment Fee.

  • The City and Masland understand and acknowledge that the Project Costs incurred by the City are being incurred with the expectation that Masland will meet its Jobs Commitment during the employment period and will thereafter meet its Maintenance Commitment by employing an average of thirty (30) New Full Time Employees for three (3) years after fulfilling its Job Commitment.

  • On each Measurement Date, if Company has achieved the required Job Commitment and Wage Commitment then an amount equal to an Installment plus any accrued interest on such Installment, will be vested and repayment waived.

Related to Job Commitment

  • L/C Commitment means the commitment of the Issuing Bank to issue Letters of Credit pursuant to Section 2.23.

  • Facility B Commitment means, in relation to a Lender, the principal amount in relation to Facility B described as such set opposite its name in Schedule 2 or set out under the heading “Amount of Facility B Commitment Transferred” in the schedule to any relevant Transfer Certificate, in each case as (i) reduced or cancelled, or (ii) increased, in accordance with this Agreement.

  • Tranche B Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make a Tranche B Term Loan hereunder on the Effective Date, expressed as an amount representing the maximum principal amount of the Tranche B Term Loan to be made by such Lender hereunder, as such commitment may be (a) reduced from time to time pursuant to Section 2.08 and (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 9.04. The initial amount of each Lender’s Tranche B Commitment is set forth on Schedule 2.01 or in the Assignment and Assumption pursuant to which such Lender shall have assumed its Tranche B Commitment, as the case may be. The initial aggregate amount of the Lenders’ Tranche B Commitments is $750,000,000.