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The following method, or a method approved by County which will yield comparable results, should be used to determine full-time-equivalent employment for each period. 1 . Total full-time equivalent project jobs for the Base Period and Annual Certification Period - For each week in the period, the number of full-time equivalent project support jobs (as defined above) may be added to the number of full-time equivalent direct project jobs (as defined above) to obtain total full- time equivalent project employment for each pay period. 2. Average full-time equivalent project jobs for the Base Period and Annual Certification Period - Add the project full-time equivalent employment for all pay periods and divide by the number of pay periods to determine the average full-time equivalent project employment for the period. This is the full-time equivalent project jobs that should be reported as annual certification. 3. Net New Job Calculation - To qualify for the annual certification, the difference between Annual Certification Period and the Base Period, the net increase in jobs, must be at least as great as the number of full-time equivalent net new jobs specified in Section 5 .0(c)(1 ) of this Agreement for the Annual Certification Period. If the job creation schedule in the Agreement specifies an increase in net new jobs as a result of a new employment phase since the previous Annual Certification Period, the actual average employment for the new Annual Certification Period will be evaluated against an adjusted employment requirement. This adjusted employment requirement is obtained by averaging the required full time equivalent employment specified for the previous employment phase for the first nine months of the year and the new employment phase for last three months of the year. That is, the Closing Fund Awardee will be expected to maintain the employment established for the first phase of the project throughout the year, but will only be evaluated against the additional jobs for the new phase for the final 3 months of the year. Averages are used rather than a strict month-to-month comparison because it is understood that there are month-to-month fluctuations in employment due to turnover and other reasons beyond the control of the business. Example: If the Closing Fund project involved the expansion of an existing Florida business with a base full time equivalent employment of 200 and the business had agreed to create 50 net new jobs by December 31 of the first year and an additional 65 net new jobs by December 31 of second year, the annual certification would be evaluated as follows: 13745/01/00234567.DOC; 5 }