Kentucky Revised Statutes Title XII. Conservation and State Development § 154.60-010.Definitions for subchapter

(2)(a) “Average hourly wage” means the per-hour wage earned by a full-time employee, including wages, tips, overtime, bonuses, and commissions, as reflected on the employee's federal form W-2 wage and tax statement.

(b) “Average hourly wage” does not include employee benefits as defined in KRS 154.32-010, including health insurance and reimbursements;

(a) For the first application for which credits are approved, the number of full-time employees employed on the day prior to the work start date of the new employee filling the earliest eligible position identified on the application;

(b) For subsequent applications, the number of full-time employees employed on the day prior to the work start date of the new employee filling the earliest eligible position identified on the initial approved application plus each eligible position for which a credit has been approved; and

(c) For applications from businesses involved in mergers, acquisitions, or federal tax identification number changes, base employment may be adjusted by the Cabinet for Economic Development;

(a) Is filled by a full-time employee and that increases the total employment of the small business above its base employment; and

(b) Carries an average hourly wage of no less than one hundred fifty percent (150%) of the federal minimum wage;