Okla. Admin. Code § 710:85-1-12

Current through Vol. 42, No. 7, December 16, 2024

Section 710:85-1-12 - Cessation, suspension, resumption of incentive payments

(a)Cessation of incentive payments. The Commission shall cease incentive payments if the gross payroll of the qualified establishment for one of any four (4) consecutive calendar quarters does not equal or exceed the applicable total required by Section 3604 of Title 68 within three (3) years of the start date. A qualified establishment whose incentive payments have ceased under this subsection may not receive any further incentive payments unless and until actual gross payroll equals or exceeds the amount specified in Section 3604 of Title 68.

(b)Suspension, resumption of incentive payments for certain establishments that were approved prior to June 4, 2003. Additionally, the Commission shall suspend the incentive payments if the average annualized wage of an establishment fails to meet the criteria required by the provisions of law under which it initially applied and was approved within three (3) years of the first incentive payment.

Added at 11 Ok Reg 703, eff 11-29-93 (emergency); Added at 11 Ok Reg 3525, eff 6-26-94; Amended at 22 Ok Reg 2249, eff 6-25-05