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a. COMPANY will be eligible for total Jobs Grant Funding (hereinafter a <br /> " Grant " ) in an amount of up to $ 36 , 000 if COMPANY locates within Indian <br /> River County . Said Grant shall be payable in 3 one year periods as more <br /> specifically set forth herein . <br /> COMPANY acknowledges and agrees that the initial Grant under this <br /> Agreement is payable on a re -imbursement basis . A total of 6 new qualifying <br /> j obs meeting the wage level commitment in Section 6 of this Agreement will <br /> be provided by 1 / 15 / 11 . For each of the three annual successive periods that <br /> those jobs are maintained at the required wage level , COMPANY shall <br /> receive 1 /3 of the Grant amount for those 6 jobs . <br /> It is understood that the quantity of jobs proposed and their annual wages are <br /> estimates . Because of this , the quantity of jobs provided may change . The <br /> minimum number of qualifying jobs that must be provided, however, is 5 and <br /> the maximum number of jobs eligible for local jobs grant funds is 6 . In no <br /> case shall the total local jobs grant award exceed $ 36 ,000 . <br /> Failure of COMPANY to maintain claimed jobs for at least 3 years at <br /> required wage levels will result in the reduction of the Grant amount paid to <br /> COMPANY . If by the end of any of the annual periods , COMPANY has not <br /> maintained the total number of claimed jobs required or if COMPANY has <br /> provided the total jobs required , but the annual wage for any of those jobs is <br /> less than required for that year, COUNTY will lower the jobs grant award for <br /> the respective year . Thus by the end of this Agreement, the total jobs grant <br /> award could be less than $ 36 , 000 . <br /> b . Performance Evaluation for Pant . COMPANY ' s performance evaluation <br /> will be conducted on an annual basis by the information provided on the <br /> State ' s Quarterly Unemployment Compensation Report (UCT- 6 form) . <br /> COMPANY shall supply additional documentation to COUNTY , in a form <br /> acceptable to COUNTY, showing that positions for which jobs grant finds <br /> will be awarded are filled by people who live in the general area/region and <br /> listing the type of position filled by each employee . <br /> The Grant eligibility determinations will cover one year periods , with each <br /> yearly period ending as follows : <br /> Grant Eligibility ibili Determinations <br /> 1st 2nd 3 r final <br /> January 15 , 2012 January 15 , 2013 January 15 , 2014 <br /> (i ) Each job must meet the minimum wage requirements specified in this <br /> Agreement . Payment of Grant funds shall be made within forty-five (45 ) <br /> - 3 - <br />