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2017-039 - Agreements to Amend and Terminate an Economic Incentive Agreement between Campbell Soup and PEDC
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2017-039 - Agreements to Amend and Terminate an Economic Incentive Agreement between Campbell Soup and PEDC
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12/12/2017 2:45:12 PM
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11/14/2017 3:55:36 PM
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This Agreement shall be effective upon the date last executed by the Pariies; hereto and <br />shall remain in force for a to of five (5) years from The effective date. <br />11. REPRESENTATIONS AND OBLIGATIONS OF'THE PARTIMS <br />A. Campbell Soup's Duties, Obligations and Represeatsfloas� <br />I , Campbell 'Soup shall make a Capital Investment of at least $25,000,000.00 in the Paris, <br />Trxas Plant as part of the new SS Juice line by December 31, 2013, <br />2, Campbell Soup shall hire fifty (5 0) new fUJI-time employees at the, Paris, Texas Plant as <br />part of the new SS Juice line by December 31, 2013. <br />3. at Soup shall retidn a minfinum of five ,hundred (500) full-time jobs at the Panis, <br />Texas Plant throughout the to of this Agreement. <br />4, Campbell Soup shall provide Ifigh Performance Organization ("HFO") training to all <br />new employees working on the SS Juice line, <br />5. Campbell Soup hall pTovide all training to stmt. -up, operate, and successfully maintain <br />the SS Juice line, including any necessary cross-tyaining or HPO tmining for stained <br />full-time employees at the Pois, Texas Plant, <br />6. Canipbell Soup shall continue to operate a food and beverage manufacturing plant with a <br />diversified, product line at the Paris, Texas Facilityduoughoul the term of this <br />Agmernent. <br />11 <br />
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