New Jobs definition
Examples of New Jobs in a sentence
Provided, however, that the City shall have no obligation to provide “local financial support” for the New Jobs if the average wage of those New Jobs is less than 90 percent of the average wage described in the Resolution or for any New Jobs for which the employee filling such New Job resides outside the Metropolitan Statistical Area.
Notwithstanding anything in this Agreement to the contrary, in no event shall jobs in respect of which the Company and its Related Companies received or receives QTI tax refunds pursuant to any other agreement with the City be considered New Jobs under this Agreement and neither the Company nor its Related Companies shall receive QTI tax refunds under any other agreement for New Jobs with respect to which the Company received QTI tax refunds under this Agreement.
With the exception of the failure by the Company to create the New Jobs in accordance with the Performance Schedule, for which no notice or opportunity to cure is required, the City shall not act upon a default until it has given the Company written notice of the default and 15 business days within which to cure the default; provided, however, that the City may withhold any portion of the QTI Refunds immediately upon the occurrence of a default and throughout any notice or cure period.
Developer will exercise commercially reasonable good faith efforts to cause the New Garage to generate New Jobs.
It is acknowledged and agreed that any of the New Jobs may be filled, in Company’s discretion, by persons employed by Company or its Related Companies, or by persons employed by any employee leasing company selected by Company or its Related Companies.