EXPLANATION OF TERMS
The following terms used in this application have the meanings set forth below:
AFFILIATE - An entity that is controlled, directly or indirectly, by the ultimate parent entity of such person.
APPLICANT - The entity(ies) that will satisfy all job creation and capital investment requirements under the incentive agreement with the Department and which are applying on or amending this Application.
BROWNFIELD - Site with a Brownfield Site Rehabilitation Agreement - Has the meaning ascribed to such term in Section 288.107 of the Florida Statutes.
CONTROL - The power, directly or indirectly, to direct the management or policies of a company, whether through ownership of securities, by contract, or otherwise. Any person or entity that (i) is a director, general partner or officer exercising executive responsibility (or having similar status or functions); (ii) directly or indirectly has the right to vote 50% or more of a class of a voting security or has the power to sell or direct the sale of 50% or more of a class of voting securities; or (iii) in the case of a partnership, has the right to receive upon dissolution, or has contributed, 50% or more of the capital, is presumed to control that company.
E-VERIFY SYSTEM - Has the meaning ascribed to such term in Section448.095 of the Florida Statutes.
FELONY - For jurisdictions that do not differentiate between a felony and a misdemeanor, a felony is an offense punishable by a sentence of at least one year imprisonment and/or a fine of at least $1,000. The term also includes a general court martial.
FOUND - Includes adverse final actions, including consent decrees in which the respondent has neither admitted nor denied the findings, but does not include agreements, deficiency letters, examinations reports, memoranda of understanding, letters of caution, admonishments, and similar informal resolutions of matters.
FULL-TIME EQUIVALENT JOB - One employee or two or more employees (without duplication) who perform at least 35 hours of paid work per week.
JOBS - Has the meaning ascribed to such term in Section 288.076 of the Florida Statutes.
MISDEMEANOR - For jurisdictions that do not differentiate between a felony and a misdemeanor, a misdemeanor is an offense punishable by a sentence of less than one year imprisonment and/or/ a fine of less than $1,000. The term also includes a special court martial.
NAICS - Those classifications contained in the North American Industry Classification System, as published in 2017 by the Office of Management and Budget, Executive Office of the President, and updated from time to time.
ORDER - A written directive issued pursuant to statutory authority and procedures, including orders of denial, suspension, or revocation; does not include special stipulations, undertakings or agreements relating to payments, limitations on activity or other restrictions unless they are included in an order.
PRINCIPAL EXECUTIVE OFFICER - With respect to any entity, such entity's chief executive officer, chief financial officer, chief operations officer or any person who performs similar functions regardless of title.
PROJECT - Has the meaning ascribed to such term in Section 288.076 of the Florida Statutes.
SUBSIDIARY - An entity that is directly or indirectly controlled by the Applicant or the Ultimate Parent.
ULTIMATE PARENT - An entity that directly or indirectly controls the Applicant, which is not directly or indirectly controlled by another entity.