Examples of Qualified business in a sentence
Subject always to these terms, this shall not affect any Qualified Business Meeting Reward or Referral Reward which becomes due before such withdrawal or amendment is made.
In its operation of the Property and the Qualified Business, Business agrees not to violate applicable laws regarding discrimination against any person or class of persons by reason of gender, marital status, race, color, creed, mental or physical disability, religion, age, ancestry, or national origin or other class protected by such laws.
In consideration of Business's compliance with Section 5 below in each full or partial Fiscal Year during the Term (as defined in Section 4 below), the City shall make payments to Business twice a year (i.e. once every six months) as described in Section 4 below in an amount equal to fifty percent (50%) of the total Sales Tax generated by the Qualified Business and received by the City.
Qualified Business" shall mean the operation on approximately 10 (ten) acres of the Property of a retail furniture store, and create approximately 75 FTE jobs.
Sales Tax" means, for each Quarter during the term of the City's payment obligations hereunder, that portion of base sales taxes actually received by the City from the imposition of the Xxxxxxx-Xxxx Uniform Local Sales and Use Tax Law (commencing with Section 7200 of the California Revenue & Taxation Code) and Chapter 3.08 (Sections 3.08.010 et seq.) of the Manteca Municipal Code, as reported to the California State Board of Equalization from the operation of the Qualified Business on the Property.