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4 . Relocation/Expansion Commitment . As a condition precedent to and as <br /> consideration for obtaining Jobs Grant Funds from COUNTY , COMPANY agrees to <br /> locate in and expand its business operations on a suitable site in Indian River County <br /> as described on Exhibit "A" , which is attached hereto and made a part thereof. <br /> 5 . Job Creation Commitment . COMPANY estimates that it will provide 28 new jobs <br /> within the county as set forth in Exhibit "B " , which is attached hereto and made a <br /> part hereof. The exact number of jobs actually supplied and their salaries , however, <br /> may vary . Local jobs grant funds will be awarded up to a maximum of $ 126 ,000 . The <br /> jobs grant award will be based on the following . <br /> Category <br /> Amount Per Job <br /> 75 % to 99 . 99% of Indian River County $ 300 <br /> Average Annual Wage <br /> 100% to 149 . 99 % of Indian River County $ 59000 <br /> Average Annual Wage <br /> 150 % of Indian River County Average $ 7 , 000 <br /> Annual Wage (or greater) <br /> 6 . Wage Level Commitment. COMPANY estimates that it will pay 11 employees <br /> whose jobs are eligible for a Grant hereunder an annual wage of not less than <br /> $ 26 , 047 . 50 ; will pay 13 employees an annual wage of not less than $ 34 , 730 . 00 ; and <br /> will pay each of 4 employees an annual wage of not less than $ 52 , 095 . 00 . The <br /> annual wage of the positions shall be determined without taking into account the <br /> value of any benefits . COMPANY shall , in accordance with the provisions of <br /> paragraph 7 herein below, provide written verification of such wages satisfactory to <br /> COUNTY . COMPANY ' S failure to maintain its wage level commitment for any one <br /> year will result in the reduction of the Grant amount for that year( s) . <br /> T Annual Job Status . COMPANY must provide COUNTY with State Quarterly <br /> Unemployment Compensation Reports (Form UCT- 6) of its business operations <br /> within Indian River County on State form UCT- 6 as amended , a sample of which is <br /> attached hereto and made a part hereof as Exhibit "C " . The cumulative Quarterly <br /> State Unemployment Compensation Reports required to be filed for the annual period <br /> correlated with each eligibility determination shall collectively comprise the Annual <br /> Job Status Report . <br /> For Phase 1, there are 5 quarterly reports that must be submitted per grant eligibility <br /> determination time period ; for the first grant eligibility determination time period, the <br /> five quarterly reports are for calendar quarter 4 in 2011 , and calendar quarters 1 , 2 , 3 , <br /> and 4 in 2012 . For the second grant eligibility determination time period, the five <br /> quarterly reports are for calendar quarter 4 in 2012 , and calendar quarters 1 , 2 , 3 , and <br /> 4 in 2013 . For the third grant eligibility determination time period, the five quarterly <br /> - 5 - <br />