Retained Jobs. Retained Jobs" means the number of Full-time Equivalent (FTE) Jobs the Department determines are in place in the Community at the time of application for CEBA assistance and which the Business and Community agree will be retained due to receipt of the CEBA funds. Said jobs must be maintained for a minimum of thirteen (13) weeks beyond the Project Completion Date.
Appears in 2 contracts
Sources: Ceba Loan Agreement (Hydrogen Engine Center, Inc.), Ceba Loan Agreement (Top Air Manufacturing Inc)
Retained Jobs. Retained Jobs" means the number of Full-time Equivalent (FTE) Jobs the Department determines are in place in the Community at the time of application for CEBA assistance and which the Business and Community agree will be retained due to receipt of the CEBA funds. Said jobs must be maintained for a minimum of thirteen (13) weeks thirteen(13)weeks beyond the Project Completion Date. If the Agreement includes a Forgivable Loan, said jobs must again be in place at the third (3rd) year anniversary of the Project Completion Date.
Appears in 1 contract
Sources: Ceba Loan Agreement (Urosurge Inc)