2009 North Carolina Code
Chapter 143B - Executive Organization Act of 1973.
§ 143B-437.51. Definitions.

§ 143B‑437.51.  Definitions.

The following definitions apply in this Part:

(1)        Agreement. – A community economic development agreement under G.S. 143B‑437.57.

(2)        Base period. – The period of time set by the Committee during which new employees are to be hired for the positions on which the grant is based.

(3)        Business. – A corporation, sole proprietorship, cooperative association, partnership, S corporation, limited liability company, nonprofit corporation, or other form of business organization, located either within or outside this State.

(4)        Committee. – The Economic Investment Committee established pursuant to G.S. 143B‑437.54.

(4a)      Development tier. – The classification assigned to an area pursuant to G.S. 143B‑437.08.

(5)        Eligible position. – A position created by a business and filled by a new full‑time employee in this State during the base period.

(6)        Full‑time employee. – A person who is employed for consideration for at least 35 hours a week, whose wages are subject to withholding under Article 4A of Chapter 105 of the General Statutes, and who is determined by the Committee to be employed in a permanent position according to criteria it develops in consultation with the Attorney General. The term does not include any person who works as an independent contractor or on a consulting basis for the business.

(7)        New employee. – A full‑time employee who represents a net increase in the number of the business's employees statewide.

(8)        Overdue tax debt. – Defined in G.S. 105‑243.1.

(9)        Related member. – Defined in G.S. 105‑130.7A.

(10)      Withholdings. – The amount withheld by a business from the wages of employees in eligible positions under Article 4A of Chapter 105 of the General Statutes. (2002‑172, s. 2.1(a); 2003‑416, s. 2; 2003‑435, 2nd Ex. Sess., s. 2.1; 2006‑168, s. 1.1; 2006‑252, s. 2.6; 2006‑264, s. 69(a).)