; or (ii) 25 employees. (B) Age of business That the small business concern has been in operation for less than 5 years on the date of application. (C) Salary requirements That the small business concern does not, in the Administrator’s determination, pay to an individual who owns any part of the concern or who is in a management position a salary greater than 200 percent of the mean annual salary for an individual in the Managers of Companies and Enterprises sector (as assigned a North American Industry Classification System code beginning with 55) or the equivalent from the most recent employment and wage estimates developed by the Secretary of Labor. (3) Deadline The Administrator shall complete review of an application for designation as an emerging business enterprise and either issue or deny such designation not later than one year of receipt of such application. (4) Termination of designation A designation as an emerging business enterprise shall terminate on the date on which the concern is no longer in compliance with the criteria under paragraph (2), except that— (A) with respect to the requirement in paragraph (2)(A), such designation shall terminate only if the concern employs 50 percent or more employees than the number of employees that a small business concern within that industry category may employ