P.R. Laws tit. 23, § 11125
Eligible new or expanding SMBs that enter into a job creation agreement and receive incentives under this chapter shall maintain an average of eligible jobs during the first three (3) calendar years as of the execution date of the agreement equal to or greater than the number of eligible jobs they had as of the execution date of the agreement, plus the number of eligible incremental jobs for which they had claimed incentives under this chapter. In addition, every eligible SMBs with net operating losses that enters into a job retention agreement and receives incentives under this chapter shall maintain the total number of employees it had as of the filing date of the application for incentives under this chapter for a term of not less than two (2) years as of the execution of the agreement. Any business that applies for incentives to create jobs in substitution for a job within the eligible SMB or jobs transferred to another eligible SMB as a result of a transfer of assets or line of business shall not be eligible to receive benefits under this chapter. On the other hand, the voluntary resignation of an employee shall not be considered a reduction in the number of employees of an eligible SMB for purposes of this section.
History —July 31, 2014, No. 120, § 2.5.