; (B) the funds the applicant receives will be used to retain at least 90 percent of the applicant’s workforce as of the date of application, at full compensation and benefits, for the period that they receive compensation; (C) the applicant intends to restore compensation and benefits to not less than 75 percent of the workforce of the applicant that existed as of March 1, 2020, no later than 4 months after the termination date of the public health emergency declared by the Secretary of Health and Human Services on January 31, 2020, under section 319 of the Public Health Service Act ( 42 U.S.C. 247d ) in response to COVID–19; (D) the applicant is an entity or business that is created or organized in the United States or under the laws of the United States and has significant operations in, and a majority of its employees based in, the United States; and (E) the funds the applicant receives will not be used for a restricted purpose under subsection (c). (c) Restrictions The Special Administrator shall make a payment of recovery compensation to an applicant only if such applicant agrees— (1) until the date 12 months after the date on which the payment is made, not to repurchase an equity security that is listed on a national securities exchange of the applicant or any parent company of the applicant, except to the extent required under a contractual obligation that is in effect as of the date of enactment of this Act; (2) until the date 12 months after the date on which the payment is made, not to pay dividends or make other capital distributions with respect to the common stock of the applicant, during the eligible period a recipient that is an S corporation or passthrough entity may provide a distribution to pay tax obligations