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<br />III. <br /> <br />IV. <br /> <br />EXHIBIT C <br /> <br />DEFINITIONS: <br /> <br />A. <br /> <br />Business means trades, occupations, professions, and services of <br />all and every kind of calling whether or not carried on for <br />profit, including but not limited to, retailing, wholesaling, <br />manufacturing, sevice purveying, warehousing, personal and real <br />property rentals. <br /> <br />B. <br /> <br />Full time equivalent employee means the average number of <br />persons employed by the business daily for one year, determined <br />by ascertaining the total number of hours of service performed <br />by all employees in Redwood City during the previous year and <br />dividing the total number of hours of service thus obtained by <br />the number of hours of service constituting a year1s work of one <br />full time employee according to the custom or laws governing <br />such employment, and adding to the result thereof the number of <br />owners, partners, or other principals, salespersons or agents <br />employed, irrespective of the number of hours of service <br />provided by such employees. IIHours of servicell as used in this <br />definition shall include all paid holidays, sick leave, <br />vacations, and any other days for which compensation is paid, <br />irrespective of whether work is performed therefor. <br /> <br />TIME AND MANNER OF COLLECTING ASSESSMENTS: <br /> <br />A. <br /> <br />When Assessments are Due and Payable <br /> <br />B. <br /> <br />All assessments are due and payable in lawful money of the <br />United States of America as of July 1, of each fiscal year and <br />shall become delinquent thirty calendar days thereafter. <br /> <br />Penalty for Delinquent Assessments <br /> <br />To all delinquent assessments there shall be added a penalty of ten <br />percent of the amount of the assessment due plus an additional ten <br />percent for each month delinquent thereafter, providing that the <br />amount of any penalty shall in no event exceed one hundred percent <br />of the amount of the assessment due. <br /> <br />C. <br /> <br />Nontransferability <br /> <br />No business assessment paid pursuant to this article shall be <br />transferable between persons or businesses. <br /> <br />D. <br /> <br />Proration of Assessment <br /> <br />No proration of any assessment due shall be made for any portion of <br />the period for which an assessment is payable, except that for an <br />assessment for a business which shall commence after December 31 of <br />any year, the total assessment calculated shall be reduced by <br />one-half. <br /> <br />(3) <br /> <br />-... .T-r" <br />