; and (ii) any employee working not fewer than 10 hours and fewer than 30 hours per week shall be counted as one-half of a full-time employee. (3) Exchange; issuer; security The terms exchange , issuer , and security have the meanings given such terms in section 3(a) of the Securities Exchange Act of 1934 ( 15 U.S.C. 78c(a) ). (4) Live venue operator or producer or promoter The term live venue operator or producer or promoter — (A) means an individual or entity that— (i) as not less than 70 percent of the operations of the person, organizes, promotes, sells tickets produces, manages, or hosts live concerts, comedy shows, theatrical productions, or other events by performing artists and applies cover charge through ticketing or front door entrance fee; or (ii) makes tickets to events described in clause (i) available for purchase by the public an average of not less than 60 days before the date of the event and pays performers in an event described in clause (i) in an amount that is based on a percentage of sales, guarantee (in writing or standard contract), or another mutually beneficial formal agreement; and (B) includes an individual or entity described in subparagraph (A) that— (i) operates for profit or as a nonprofit; (ii) is government-owned; or (iii) is a corporation, limited liability company, or partnership or operated as a sole proprietorship. (5) National securities exchange The term national securities exchange means an exchange registered as a national securities exchange under section 6 of the Securities Exchange Act of 1934 ( 15 U.S.C. 78f ). (6) State The term State means— (A) a State; (B) the District of Columbia; (C) the Commonwealth of Puerto Rico; and (D) any other territory or possession of the United States. (7) Talent representative The term talent representative — (A) means an agent or manager that— (i) as not less than 70 percent of the operations of the agent or manager, is engaged in representing or managing artists and entertainers