Eligible Net New Jobs definition
Eligible Net New Jobs means each full-time equivalent job created above the monthly average full-time equivalent employee count for the 12-month period preceding the date of application. In order for a job to qualify as a “Eligible Net New Job,” each job must pay wages greater than 100% of the Region 1 wage average based on the applicant’s 4-digit NAICS code. The number of Eligible Net New Jobs must be reported annually pursuant to Section 15, and if the actual number of Eligible Net New Jobs in any year during the abatement term is less than the Eligible Net New Jobs set forth in the application, the abatement level for the remaining abatement term will be reduced in accordance with the table above.
Eligible Net New Jobs means each full-time equivalent job created above the monthly average full-time equivalent employee count for the 12-month period preceding the date of application. In order for a job to qualify as a “Eligible Net New Job,” the number of Eligible Net New Jobs must be reported annually pursuant to Section 18 of the EDIP, and if the actual number of Eligible Net New Jobs in any year during the Performance Agreement term is less than the Eligible Net New Jobs required therein, and any incentive payments for the remaining term are subject to reduction.
Eligible Net New Jobs means each full-time equivalent job created above the monthly average full-time equivalent employee count for the 12-month period preceding the date of application. In order for a job to qualify as an “Eligible Net New Job,” each job must pay wages equal to or greater than the median wage for Russell County.