Res 2016-112/Project Texas 380 - Laserfiche WebLink

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forth herein, the Parties enter into this Agreement and agree to the terms and conditions set forth in this Agreement. ARTICLE 2.DEFINITIONS Section 2.01. "Affiliate" means any entity that directly or indirectly controls, is controlled by, or is under common control with BestBuy.com, LLC. Section 2.02. "Business" means the business activities of the Company's internet retail sales operations center conducted in the City of San Marcos, Texas on the Site. Section 2.03. "Grant Payments" includes both Sales Tax Revenue Grant Payments and Personal Property Tax Grant Payments as defined here. Section 2.04. "Job(s)" means a full-time employment position at the Site, resulting from the Business, which position is (a) not seasonal, (b) provided a wage of no less than $14.50 per hour, (except as set forth in 3.04) (c) provided with employer-sponsored health insurance available to the employee and dependents equal to coverage offered to any other full-time employee of the Company and, (d) provided with at least 30 hours of employment per week. Any position not meeting such criteria does not qualify as a "Job" for purposes of this Agreement. Section 2.05. "Personal Property" means all materials, supplies, equipment, inventory or other personal property attributable to the Business on the Site that is subject to ad valorem taxes. Section 2.06. "Personal Property Taxes" are the City's share of the ad valorem taxes received by the City from the Hays County Tax Assessor-Collector on the value of all Personal Property on the Site.