Common use of DESCRIPTION OF PROJECT Clause in Contracts

DESCRIPTION OF PROJECT. For the Company to be eligible to earn the Maximum Credit Amount, the Company will satisfy its obligations as reflected in the following representations, which the IEDC has relied upon: A. The Company will complete the Project at the Project Location. B. As of the Commencement Date, 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 ( “Base Employees”), at the Project Location is the Base Employment Number. C. As of the Commencement Date, the Base Employees had an average hourly wage, before benefits, of the Base Average Wage. The Base Average Wage multiplied by 2,080 (hours worked per year) multiplied by the Base Employment Number is equal to the Base Payroll Amount. D. The Project will result in the creation of New Employees (as defined in Indiana Code § 6- 3.1-26-6), which along with the Base Employees will result in the Aggregate Employment Number. E. The average of the hourly wages, before benefits, paid to the Base Employees and the New Employees at the Project Location, will at least equal the Average Hourly Wage, as defined in Exhibit A. F. The Base and New Employees will have an Aggregate Payroll Amount for each applicable year, as defined in Exhibit A. G. The Project is anticipated to involve at least the Capital Investment Amount. H. The Company will make a qualified investment as defined in Indiana Code § 6-3.1-26-8 (“Qualified Investment”) of at least the Qualified Investment Commitment.

DESCRIPTION OF PROJECT. For the Company to be eligible to earn the Maximum Credit Amount, the Company will satisfy its obligations as reflected in the following representations, which the IEDC has relied upon: A. The Company will complete the Project at the Project Location. B. As of the Commencement Date, 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 ( “Base Employees”), at the Project Location is the Base Employment Number. C. As of the Commencement Date, the Base Employees had an average hourly wage, before benefits, of the Base Average Wage. The Base Average Wage multiplied by 2,080 (hours worked per year) multiplied by the Base Employment Number is equal to the Base Payroll Amount. D. The Project will result in the creation of New Employees (as defined in Indiana Code § 6- 3.1-26-6), which along with the Base Employees will result in the Aggregate Employment Number. E. The average of the hourly wages, before benefits, paid to the Base Employees and the New Employees at the Project Location, will at least equal the Average Hourly Wage, as defined shown in the Financial Impact Requirements on Exhibit A. F. The Base Employees and New Employees will have an Aggregate Payroll Amount for each applicable year, as defined shown in the Financial Impact Requirements on in Exhibit A.A (the “Aggregate Payroll Amount”). G. The Project is anticipated to involve at least the Capital Investment Amount. H. The Company will make a qualified investment as defined in Indiana Code § 6-3.1-26-8 (“Qualified Investment”) of at least the Qualified Investment Commitment.

DESCRIPTION OF PROJECT. For the Company to be eligible to earn the Maximum Credit Amount, the Company will satisfy its obligations as reflected in the following representations, which the IEDC has relied upon: A. The Company will complete the Project at the Project Location. B. As of the Commencement Date, the number of permanent, Fullfull-Time Employees 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 ( “Base Employees”), at the Project Location is the Base Employment Number. C. As of the Commencement Date, the Base Employees had an average hourly wage, before benefits, of the Base Average Wage. The Base Average Wage multiplied by 2,080 (hours worked per year) multiplied by the Base Employment Number is equal to the Base Payroll Amount. D. The Project will result in the creation of New Employees (as defined in Indiana Code § 6- 3.1-26-6), which along with the Base Employees will result in the Aggregate Employment Number. E. The average of the hourly wages, before benefits, paid to the Base Employees and the New Employees at the Project Location, will at least equal the Average Hourly Wage, as defined in Exhibit A.. F. The Base and New Employees will have an Aggregate Payroll Amount for each applicable year, as defined in Exhibit A.. G. The Project is anticipated to involve at least the Capital Investment Amount. H. The Company will make a qualified investment as defined in Indiana Code § 6-3.1-26-8 (“Qualified Investment”) of at least the Qualified Investment Commitment.