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A TRUE COPY <br /> CERTIFICATION ON LAST PAGE <br /> J . K . BARTON , CLERK <br /> 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 $ 68 , 000 if COMPANY locates within Indian <br /> River County . Said Grant shall be payable in 3 one year periods by Phase as <br /> 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 2 <br /> separate Phases . The number of jobs estimated to be provided by phase is <br /> listed below . <br /> (i ) For Phase I , 7 new qualifying jobs meeting the wage level commitment in <br /> Section 6 of this Agreement will be provided by 9/30/ 11 . 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 7 <br /> jobs . <br /> (ii) For Phase II , 5 new qualifying jobs meeting the wage level commitment <br /> in Section 6 of this agreement will be provided by 3 /31 / 12 . For each of the <br /> three successive annual periods that that job is maintained at the required <br /> wage level , COMPANY shall receive 1 /3 of the Grant amount for those 5 <br /> jobs . <br /> ( iii) 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 I and II is 12 . <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 12 eligible <br /> jobs proposed for Phases I and II are created after their proposed <br /> commencement date or, if applicable , after their administratively <br /> approved extension to the proposed commencement date , those <br /> jobs shall not be eligible for local jobs grant funds unless an <br /> amendment is made to this agreement to allow for this . <br /> d . In no case shall the total local jobs grant award exceed $ 68 ,000 . <br /> - 3 - <br />