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5 - 17 ( 0 <br /> INDIAN RIVER COUNTY .LOBS GRANT AGREEMENT <br /> THIS INDIAN RIVETS COUNTY JOBS GRANT AGREEMENT ("Agreement") is made <br /> as of the 17`f' day ofAugust, 2010 by and between Indian River County, a political subdivision ofthe <br /> State of Florida, by and through its Board of Commissioners, hereinafter referred to as COUNTY, <br /> and NetBoss Technologies, Inc . a corporation authorized to do business in the State of Florida, <br /> hereinafter referred to as COMPANY, whose Federal I.D . Number is 27-3298498 . <br /> BACKGROUND RECITALS : <br /> WHEREAS, it is the policy of COUNTY to stimulate economic growth in Indian River <br /> County, by either attracting new businesses to Indian River County or by encouraging the expansion <br /> of existing businesses within Indian River County ; and <br /> WHEREAS, the creation of new employment opportunities for residents of Indian River <br /> County and the increased tax revenues resulting from such business expansion or relocation within <br /> Indian River County is beneficial to the local economy ; and <br /> WHEREAS, COUNTY has determined that offering a Jobs Grant Program encourages <br /> either businesses to expand within or new businesses to locate in Indian River County and thereby <br /> creates new employment opportunities for the residents of Indian River County ; and <br /> WHEREAS, Indian River County, through its Board of County Commissioners, has created <br /> a local Jobs Grant Program ; and <br /> WHEREAS, COMPANY, in accordance with the county ' s Jobs Grant Program criteria, will <br /> relocate to and expand its existing business in Indian River County to create new employment <br /> opportunities that pay at least 75 % of Indian River County ' s average annual wage level ; and <br /> WHEREAS, COMPANY has been determined to be eligible to receive a Jobs Grant ; and <br /> WHEREAS, COMPANY acknowledges that this Agreement shall be based upon <br /> compliance with County jobs grant program requirements; and, <br /> WHEREAS, COUNTY finds and declares that it is in the public interest to award a Jobs <br /> Grant to COMPANY pursuant to the terms of this Agreement. <br /> NOW, THEREFORE, in consideration of the premises and mutual covenants hereinafter <br /> contained, the parties do agree as follows : <br /> 1 . Definitions . As used in this Agreement, the following terms shall mean : <br /> a. "Annual Wage" - includes salary, bonuses, and commissions . <br /> - 1 - <br />