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EXHIBIT " B " TO THE JOBS GRANT AGREEMENT <br /> BETWEEN INDIAN RIVER COUNTY & ALGAGEN LLC (COMPANY) <br /> I. Target Industry Categories eligible for application , <br /> Pharmaceuticals , Marine Science , Corporate/Regional Headquarters , and Research and <br /> Development . <br /> IL Employment Commitment : <br /> The COMPANY is receiving this grant based upon its representation that it will bring the <br /> following employment opportunities to Indian River County : <br /> 1 ) 0 # of new, full-time employees whose annual wage is between 75 % and 99 . 9% <br /> of Indian River County' s average annual wage . <br /> 2 ) 3 # of new, frill -time employees whose annual wage is between 100 % and <br /> 149 . 99% of Indian River County ' s average annual wage <br /> 3 ) 3 # of new, frill -time employees whose annual wage is 150 % or greater of <br /> Indian River County ' s average annual wage <br /> III. Grant Amount <br /> Category Qualified Amount Per, Total <br /> Jobs . Job <br /> 75 % to 99 . 9 % of Indian River County Average Annual <br /> 0 $ 3 , 000 $ 0 <br /> Wage <br /> 100 % to 149 . 99 % of Indian River County Average 3 $ 5 , 000 $ 15 , 000 <br /> Annual Wage <br /> 150 % or greater of Indian River County Average 3 $ 7 , 000 $ 21 , 000 <br /> Annual Wage <br /> Total 6 $ 36 , 000 * <br /> * The actual amount of the grant will depend upon the actual number of jobs provided and the salary paid for those jobs . <br /> In no case shall the total amount of the grant exceed $ 36 , 000 . <br /> ( :\Community Development\Users\GDplannr\Incentives & Funding\Jobs Grant Program\AlgaGen\Job Grant Agreement. doc <br /> - 10 - <br />