2017-039 - Agreements to Amend and Terminate an Economic Incentive Agreement between Campbell Soup and PEDC

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7. Campbell Soup shall!, provide all documentation required by P" EDC to verify that -the $25,000,000-00 new Capital Investment was made in the Paris, Texas Facility and that 50 new full-time equivalent (FTE-) jobs were filled at the Paris, Texas Facility by December 3). 20a R. Campbell Soup shall provfde anDual cornpliante statements to Parisi EDC' in a form acceptable to Paris EDC, that veTify that Campbell Soup is M compliance with all terms, and conditions of this Agreement, RM -111 1, Campbell Soup has filed all necessaty plats, site plansand building permit applications with the City of Paris, Texas ('Vity")'lo construct and complete the Capital Investment (SS Juice line); it bias pulled all necessary building pen -nits.. and complie:d 'With all City ordinances, building and development codes in making the im: vements to its Property Pro in Parts, Texas. Campbell Soup sball provide annual compliance statements to Paris EDC by January 3 1 ' of each year that veri fy that a�l FTE jobs referenced herein are still in place and filled at ibe Piaris, Texn Facility. Cwnlibefl Soup agrees to provide any other personnel records, payroll reewds, documents, reports cr aMdavits deemed necessary by Paris EDC to verify minimurn employmentficlention requirements at the Paris facilities, Campbell Soup shall provide these additional verification documents to Paris EDC withi�n fifteen (15) days follo"4ng, requesi from Paris EM 3, For purposes of this Agreeirien�, a �full-time equivalent job ("FTE") shall mean 1 employment by Campbell Soup at the Property for a person eligible to receive employee benefits. Campbell Soup will pay all taxes when due, including, t)ut not limited to' federal employment, payroll and Medicare taxes, on its employees; all state and local sales and property. In the event Campbell Soup should fail to pay any of the lawfully imposed taxes or fees referred to above when due, plus any penalties, interest costs or attorney's fees lawfully imposed, Campbell Soup shall be considered in default of tbis Agreement and Paris EDC may terminate this Agmement and pursue recovery of any and all economic incentives provided to Campbell Soup under this Agreement plus any Other rights it may have in equity or under the law. Campbell Soup agrees not to employ undocumenled workers at its Paris, Texas Facility Should Campbell Soup be convicted of a violation under 8 US.C. Section J324a(f) regarding the employment of undocumented workers during the term, of this Agreement, it shall be deemed in default and subject to termination of kgreerrient and reimbwseffient of Econornic Incentive fiwds as provided herein.