2013-011 RES APPROVING AND AUTHORIZING TAX ABATEMENT AGREEMENT WITH CAMPELL SOUP

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e} "Employer" means the owner or lessee of Property who provides Jabs within the Reinvestment Zone or within the Enterprise .Zone, applying for tax abatement. �"Enterprise Zone" means an area of ]and designated as such under Chapter 2303 of the Texas Government Code. g) "3obs" or "alob" as used herein means a position of full-time employment for an individnal to work 32 hours or more per week for an Employer, in which position the individuai is provided the benefits normatly offered by the Employes, such as health insurance, vacation time and some form of retirement benefit. A Job is nat a p�sition filleci far the Employer as a worker or employee of an employment agency or service. "Jobs" as used herein incIudes "Full- time Equivalent Jobs", as defined beiow. h) "Full-time Equivalent 3obs" means a number ofpart-time jobs where the hours worked in each such job is less than 32 hours per week, made available by nne Employer and added together. For example, sixteen (l 6} part-time jobs made available by one Employer where all such part-time jobs added together require a total of 352 hours of work per week (but no such part-time jab requires 32 hours of work or more per week), will equal eleven (1 i) Full-time Bquivalent Jobs (352 hours divided by 32 hours per week equal 1 l). Full-tim.e Equivalent Jobs do noi require the employee to receive benefits from the Employer. i) "Manufacturing Faciliiy" means buildings and structures, including fixed machinery and equipment, the purpose of which is or wili be the manufacture of tangibie goods or materials or the processing of svch goods or materials by physical or chemical change. FaciJities primariiy engaged in assembling component parts of manufactured products are also considered manufacturing facilities. j) "Modernization" means the replacement and upgrading of exisiing facilities which increases the productive input or output, updates the technology, or substantially lowers the unit cost of operation. Modernization may result from the consUuction, aiteration or installation of buiIdings, structures, fixed machinery or equipment, but shall not be for the purpose of reconditioning, refurbishing, repeiring, or deferred maintenance. k) "Other Basic Industry" means buildings and stnzctures, including fnted machinery and equipment, noi elsewhere described, used, or to be ased for the production of products or services which result in tE►e creation of new Jobs and bring new wealth into the City. ]) "Personal Properry" means machinery, equipment, tools, shelving or materials eligible under applicable law for tax abatement, whic6 can be removed from an authorized facility described in Section IV (a) below.