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<br />omi5sions of OwNER, <br />labor disputes or <br />IMPROVEMENTS shall <br />Occupancy is issued <br /> <br />fires, explosions, <br />strikes. The date <br />be defined as the <br />by the City of Paris. <br /> <br />acc idents, floods, <br />of completion of <br />date a Certificate <br /> <br />and <br />the <br />of <br /> <br />IV. <br />Consideration <br />Improvements <br /> <br />4.1. The OWNER agrees and covenants that it will diligently <br />and fai thfully, in a good and \vorkmanlike manner, pursue the <br />completion of the IMPROVEMENTS as a good and valuable <br />consideration of this. AGREEMENT, OWNER further covenants and <br />agrees that all construction of the IMPROVEMENTS will be in <br />accordance with all applicable state and local laws, codes and <br />regulations or will procure a valid waiver thereof. In further <br />consideration, OWNER shall thereafter, from the date a <br />Certificate of Occupancy is issued until the expiration of this <br />AGREENENT, continuously operate and maintain the PROPERTY as an <br />assembly or manufacturing plant. <br /> <br />V. <br />Consideration <br />Jobs <br /> <br />5.1. Not later than December 31, 1993, OWNER will create at <br />least fifty (50) new, permanent jobs at the Paris Plant for work <br />to be performed substantially either (a) at the site of the <br />Improvements, or (b) in support of operations performed by others <br />at the site of the IMPROVEMENTS. With exception given to <br />pos it ions filled by OWNER'S employees trans ferr ing from other <br />locations, when considering job applicants of equal <br />qualifications, OWNER shall hire applicants according to the <br />following order of priority: <br /> <br />The Enterprise Zone, <br />Elsewhere Within the Corporate Limits of the City, <br />Elsewhere Within the Limits of the County of Lamar, <br /> <br />provided that OWNER shall be the sole determiner of the <br />qualifications of every applicant and further provided that the <br />foregoing hiring priority shall not be applied if OWNER has a <br />good-faith belief that to follow such priorities would create <br />liabilities for OWNER purusant to state or federal law. <br /> <br />5.2. OWNER agrees that, during that portion of the term of <br />the AGREEI1ENT occurring subsequent to December 31, 1993, <br />including the extension of the primary term as provided in <br />Section VII, it will not reduce below fifty (50) the number of <br />such new, permanent jobs so created. <br /> <br />TAX ABATEMENT AGREEMENT - Page 3 <br />