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employs a minimum of thirty-five (35) full time and fifty (50) part- <br />time individuals as employees at the Restaurant site as of <br />December 31, 2017 <br />total taxable retail sales for the period January 1, 2017--- <br />December 31, 2017. The cash incentive payment made to <br />Recipient will be in an amount equal to that specified in one of the <br />three performance metrics indicated below, <br /> in <br />. <br />The basis of measurement will be the information drawn from <br />STARS Report, which is a quarterly published and provided to the <br />City of La Porte by MuniServices, Inc. <br /> <br /> a) If the amount of taxable retail sales independently <br />generated by the Pipeline Grill for the period January 1, 2017 - <br /> <br />December 31, 2017 is lessthan the increase in the aggregate <br />over the previous calendar year, then the incentive payment shall <br />be equal to two percent (2%) of the total taxable sales <br />independently generated by the Pipeline Grill. <br /> b) If the amount of taxable retail sales independently <br />generated by the Pipeline Grill for the period January 1, 2017 - <br />December 31, 2017 is equal to the increase in the aggregate <br />t <br />over the previous calendar year, then 2% of the total taxable <br />sales independently generated by the Pipeline Grill. <br /> c) If the amount of taxable retail sales independently <br />generated by the Pipeline Grill for the period January 1, 2017 - <br />December 31, 2017 is greater than the increase in the aggregate <br />over the previous calendar year, then 2% of increase in the <br />aggregate taxable re <br />in La Porte over the previous calendar year. <br /> <br />However, in no case will the $100,000.00 payment be made by <br />LPDC if proof of the employment of a minimum of thirty-five (35) <br />full time and fifty (50) part-time personnel as of December 31, <br />2017. Proof of employment, for purposes of this agreement, may <br />be required by submission to LPDC by the said December 31, <br />2017 <br />Internal Revenue Service and C3 Report to the Texas Workforce <br />Commission for each employee (but with social security numbers <br />of each employee redacted) and b) a notarized statement <br />thirty- <br />five (35) full time and fifty (50) part-time personnel employees are <br />employed by Recipient for positions permanently located at the <br />Restaurant site. <br /> <br /> <br /> <br /> 3 <br /> <br />