Oregon Administrative Rules
Chapter 123 - OREGON BUSINESS DEVELOPMENT DEPARTMENT
Division 91 - OREGON BUSINESS RETENTION AND EXPANSION PROGRAM
Section 123-091-0010 - Definitions
Current through Register Vol. 63, No. 9, September 1, 2024
For the purpose of this rule, the following terms shall have the following meanings:
(1) "Business" means any individual, association of individuals, joint venture, partnership, limited liability company or corporation which is validly existing and authorized to conduct business in Oregon.
(2) "Calendar year" means an individual's tax year of January 1-December 31.
(3) "Department" means the Oregon Business Development Department as established under ORS 285A.070.
(4) "Director" means the director of the Department as appointed under ORS 285A.070.
(5) "Eligible Employee" means a new employee of the Business:
(6) "Full-time Job" one Full-time Job equals 1,820 Hours Worked in a one-year period.
(7) "Hours Worked" means all hours that the employee worked, if the employee is paid for those hours. "Hours worked" does not include holiday, vacation time, sick leave or any other paid time where no work is performed.
(8) "OBEP Fund" means the Oregon Business Retention and Expansion Fund.
Stat. Auth.: ORS 285A.075, 285 B & OL Ch. 549, Sec. 1-8 & 10-11
Stats. Implemented: ORS 285 B, OL Ch. 549, Sec. 1-8 & 10-11