11133

An eligible SMB shall execute a job creation or retention agreement with the Government whereby it shall commit to increase the number of jobs in its business operations to avail itself of any benefit provided in this chapter. In the case of an eligible SMB with net operating losses, it shall commit to retain the total number of employees it has as of the filing date of the application with the Company in accordance with § 11135 of this title.The job creation agreement shall establish the following:(a) The number of eligible incremental jobs that the eligible SMB commits to create or the number of jobs the eligible SMB agrees to retain in exchange for receiving the benefits provided under §§ 11121—11126 of this title;(b) the specific incentives to be enjoyed by the eligible SMB, as provided in this chapter; and(c) other terms and conditions that the Company may deem necessary to attain the objectives of this chapter. History —July 31, 2014, No. 120, § 3.3.