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2008-131
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2008-131
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Last modified
3/30/2016 11:30:57 AM
Creation date
10/1/2015 12:07:51 AM
Metadata
Fields
Template:
Official Documents
Official Document Type
Agreement
Approved Date
04/28/2008
Control Number
2008-131
Agenda Item Number
4.A.
Entity Name
Piper Aircraft, Inc.
Subject
Closing Fund Agreement
Supplemental fields
SmeadsoftID
6997
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Certification, or, if applicable, the Preservation of Inducement, unless otherwise <br /> specified within this agreement. <br /> Section II. PROJECT JOBS DETERMINATION <br /> The following definitions and procedures must be used in determining and reporting <br /> the number of full-time equivalent jobs dedicated to the project. <br /> A. Job Definitions : <br /> I . Full-time equivalent jobs — A "full-time equivalent job" for purposes of this <br /> Agreement shall include full-time jobs and full-time equivalent jobs (based on a <br /> 35 hour work week). "Full-time equivalent jobs" shall be counted using the same <br /> methodology whether the work is being performed by an employee of the <br /> Closing Fund Awardee, or of a "Qualified Contract Employee," as defined <br /> herein. <br /> In tabulating hours worked, any paid leave an employee, or "Qualified Contract <br /> Employee" takes during a pay period, such as vacation or sick leave, may be <br /> counted as hours worked. "Qualified Contract Employees" include (a) <br /> employees of employee leasing companies, specialized contractors, and joint <br /> venture partners or licensees operating under agreement with the Closing Fund <br /> Awardee that are performing functions or services of the Closing Fund Awardee <br /> at the Project facility, or at other project sites located within the same Florida <br /> county (subject to normal business travel), only to the extent dedicated to the <br /> operation of the Project; and (b) personnel engaged directly by the Closing Fund <br /> Awardee as independent contractors to which the Closing Fund Awardee issues <br /> an IRS Form 1099. In addition, Qualified Contract Employees shall be subject to <br /> the following additional limitations. Such employees shall: <br /> a. perform ongoing services or functions for the Closing Fund Awardee <br /> that might otherwise be performed by traditional employees, but <br /> which the Closing Fund Awardee has elected to procure through <br /> employment of contract employees due to the specialized nature of <br /> the expertise required or other business purpose; <br /> b . not perform services or functions limited to term of less than six <br /> months; <br /> C. not constitute more than Thirty Percent (30%) of the total New Full- <br /> time Equivalent Jobs claimed by the Closing Fund Awardee in its <br /> annual QTI Tax Refund Claim application, or alternate equivalent <br /> documentation acceptable to County. <br /> (3745/01 /00234567.DOCv5} <br />
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