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EXHIBIT B <br /> Piper Aircraft, Inc. <br /> Criteria for Measurement of Achievement of Terms for <br /> New Full-time Equivalent Jobs, Average Annual Wage <br /> (where applicable) <br /> Annual certification, as authorized in Section 7.0(c) of this Agreement, must be made in a letter <br /> format clearly certifying the applicable requirements set in 5.0(c), which shall include the <br /> following information and documentation. (For Closing Fund Awardees certified as a QTI <br /> Business, submittal of the required QTI Claim Application and relevant documentation is <br /> required. ) Section I of this Exhibit explains how the Annual Certification Period, used in the <br /> calculation of full-time equivalent jobs, average annual wages and the Base Period for those <br /> jobs, is determined. Sections rI, III, and IV explain the method that will to be used to determine <br /> the number of full-time equivalent jobs working on the project and the average annual wage <br /> of those project jobs, and the documentation required for jobs and wages. <br /> Although it is not necessary to submit copies of all documentation <br /> to support information included in Annual Certifications <br /> (information such as project jobs and related wages/salaries), the <br /> Closing Fund Awardee must maintain all related forms and <br /> supporting documentation and make these materials available to <br /> OTTED as required in Sections 7.0(f) and 19.0 of this Agreement. <br /> Section I. REFUND AND BASE PERIODS <br /> A. Annual Certification Period -- The Annual Certification Period, for purposes of this <br /> Agreement, is the period from the month the previous certification was submitted <br /> until the effective date of the current certification. For the first certification, the <br /> Annual Certification Period is defined as the period from October 1 to December 31 <br /> of the year the first new jobs are scheduled to be measured as specified in Paragraph <br /> 5.0(b) of this Agreement. <br /> For subsequent years the Annual Certification Period is January 1 to December 31 of <br /> the current certification year. (See Sections II and III for more detailed discussion of <br /> the method that will be use to evaluate jobs and wages for these periods. ) <br /> B. Base Period -- The Base Period will be used to calculate the net new jobs. The Base <br /> Period will be the 12 months preceding the effective date of the Letter of <br /> {3745101/002345 67.DOCv51 <br />