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3 . Grant Eligibility ; Payment Schedule . <br /> a . COMPANY will be eligible for total Jobs Grant Funding ( hereinafter a <br /> " Grant " ) in an amount of up to $ 73 ,000 . Said Grant shall be payable in 4 <br /> one year periods by Phase as more specifically set forth herein . <br /> COMPANY acknowledges and agrees that the initial Grant under this <br /> Agreement is payable on a re - imbursement basis . There are a total of 3 <br /> separate Phases . The number of jobs estimated to be provided by phase is <br /> listed below . <br /> ( i ) For Phase 1 , 6 new qualifying jobs meeting the wage level commitment in <br /> Section 6 of this Agreement will be provided by 1 / 1 / 13 . For each ofthe three <br /> successive annual periods that those jobs are maintained at the required wage <br /> level , COMPANY shall receive 1 /3 of the Grant amount for those 6 jobs . <br /> ( ii ) For Phase 11 , 9 new qualifying jobs meeting the wage level commitment <br /> in Section 6 of this agreement will be provided by 7/ 1 / 13 . For each of the <br /> three successive annual periods that those jobs are maintained at the required <br /> wage level , COMPANY shall receive 1 /3 of the Grant amount for those 9 <br /> jobs . <br /> ( iii ) For Phase 111 , 8 new qualifying jobs meeting the wage level commitment <br /> in Section 6 of this agreement will be provided by I / I / 14 . For each of the <br /> three successive annual periods that those jobs are maintained at the required <br /> wage level , COMPANY shall receive 1 /3 of the Grant amount for those 8 <br /> jobs . <br /> ( iv ) It is understood that the quantity and types of jobs proposed by phase , <br /> their annual wages , and dates of hire are estimates . Because of this , the <br /> quantity and types of jobs provided in each phase may shift between phases , <br /> and phase commencement dates may be extended . Proposed jobs will remain <br /> eligible for local jobs grant incentives provided : <br /> a . The minimum number of qualifying jobs that must be provided in <br /> Phase I is 5 . <br /> b . The maximum number of jobs eligible for local jobs grant funds <br /> between Phases 1 , II , and III is 23 . <br /> c . The maximum extension for a phase commencement date shall be <br /> one year. Such commencement date may be approved <br /> administratively by County staff. If any of the total 23 eligible <br /> jobs proposed for Phases 1 , and 11 , and III are created after the <br /> Phase III commencement date or, if applicable , after an <br /> administratively approved extension to the Phase III <br /> commencement date , those jobs shall not be eligible for local jobs <br /> - 3 - <br />