Browse
Search
Agenda - 02-07-2023; 8-i - Proposed Extension to Medline Industries, LP Incentive Performance Agreement Concerning the Company’s Employment & Investment Target Dates
OrangeCountyNC
>
BOCC Archives
>
Agendas
>
Agendas
>
2023
>
Agenda - 02-07-2023 Business Meeting
>
Agenda - 02-07-2023; 8-i - Proposed Extension to Medline Industries, LP Incentive Performance Agreement Concerning the Company’s Employment & Investment Target Dates
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
2/2/2023 2:21:02 PM
Creation date
2/2/2023 2:15:17 PM
Metadata
Fields
Template:
BOCC
Date
2/7/2023
Meeting Type
Business
Document Type
Agenda
Agenda Item
8-i
Document Relationships
Agenda for February 7, 2023 BOCC Meeting
(Message)
Path:
\BOCC Archives\Agendas\Agendas\2023\Agenda - 02-07-2023 Business Meeting
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
15
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
3 <br /> STATE OF NORTH CAROLINA <br /> ORANGE COUNTY <br /> PERFORMANCE AGREEMENT BETWEEN ORANGE COUNTY,NC <br /> AND <br /> MEDLINE INDUSTRIES,INC. <br /> This Agreement made and entered into this the_�J_day of^QC�oVVf , 2019 by and between Orange <br /> County, a body politic existing under the laws of the State of North Carolina ("County") and Medline <br /> Industries, Inc., an Illinois corporation authorized to do business in North Carolina, with facilities to be <br /> Iocated in Mebane,North Carolina ("Company"), for the purpose of incentivizing Company's <br /> investment in Orange County and Mebane. <br /> Company is ail Illinois Corporation situated and doing business in Northfield, Illinois. Company is the <br /> largest privately held manufacturer and distributor of medical supply products in the United States. <br /> Company's Mebane Facility shall distribute medical supplies throughout the eastern United States and <br /> central North Carolina. Company represents it is duly authorized to conduct business in North Carolina. <br /> It is understood that the levels of performance required by this Agreement are to be met by this group <br /> (Company and Medline Industries, Inc.)as a whale at its facility in Orange County(Mebane). <br /> Accordingly,the term "Company" as used in this Agreement refers to the entire group at such facility. <br /> WITNESSETH <br /> THAT WHEREAS,the County has offered to the Company an inducement package as hereinafter set <br /> forth; and <br /> WHEREAS,the State of North Carolina and the Town of Mebane, North Carolina have offered separate <br /> inducement packages to the Company; and <br /> WHEREAS, but for the offer of an inducement package the Company would not be locating its <br /> manufacturing facility within Orange County; and <br /> WNTREAS, the Company has agreed to meet and continue meeting the min iinum investment and <br /> employment requirements as hereinafter set forth; <br /> NOW,THEREFORE,the parties hereto in consideration of these mutual covenants and agreements <br /> passing from each to the other do hereby agree as follows; <br /> 1, DEFINITIONS. As used in this Agreement the terms below will have the following meanings: <br /> A. "Affiliate," A company that the Company controls,controls the Company, or is under <br /> common control with the Company. <br /> Page I of 12 <br />
The URL can be used to link to this page
Your browser does not support the video tag.