Vermont § 3331 - Definitions As used in this subchapter:

§ 3331. Definitions As used in this subchapter:

• (1) “Award period” means the consecutive five years during which a business may apply
  for an incentive under this subchapter. (2) “Base employment” means the number of full-time Vermont jobs held by non-owner employees
  as of the date a business with an approved application commences its proposed economic
  activity. (3) “Base payroll” means the Vermont gross salaries and wages paid as compensation to
  full-time Vermont jobs held by non-owner employees as of the date a business with
  an approved application commences its proposed economic activity. (4) “Capital investment performance requirement” means the minimum value of additional
  investment in one or more capital improvements. (5) “Jobs performance requirement” means the minimum number of qualifying jobs a business
  must add. (6) “Labor market area” means a labor market area as designated by the Vermont Department
  of Labor. (7) “Non-owner” means a person with no more than 10 percent ownership interest, including
  attribution of ownership interests of the person’s spouse, parents, spouse’s parents,
  siblings, and children. (8) “Payroll performance requirement” means the minimum value of Vermont gross salaries
  and wages a business must pay as compensation for one or more qualifying jobs. (9) “Qualifying job” means a new, permanent position in Vermont that meets each of the
  following criteria: (A) The position is filled by a non-owner employee who regularly works at least 35 hours
  each week. (B) The business provides compensation for the position that equals or exceeds the wage
  threshold. (C) The business provides for the position at least three of the following: