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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 $363,000 . The <br /> jobs grant award will be based on the following : <br /> Category Amount Per Job <br /> 75 % to 99.99% of Indian River County $33000 <br /> Average Annual Wage <br /> 100% to 149. 99% of Indian River County $5 ,000 <br /> Average Annual Wage <br /> 150% of Indian River County Average $75000 <br /> Annual Wage (or greater) <br /> 6 . Wage Level Commitment. COMPANY estimates it will pay each employee whose <br /> job is eligible for a Grant hereunder an annual wage of not less than $26, 909 .25 per <br /> position for each of 2 positions ; not less than $35 , 879 .00 per position for each of 7 <br /> positions; and not less than $53 , 818 . 50 per position for each of 46 positions; 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 /> 7 . 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 <br /> period correlated with each eligibility determination shall collectively comprise the <br /> Annual Job Status Report. <br /> For Phase I, 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 2010, and calendar quarters 1 , 2, 33 <br /> and 4 in 2011 . For the second grant eligibility determination time period, the five <br /> quarterly reports are for calendar quarter 4 in 2011 , and calendar quarters 1 , 2 , 3 , and <br /> 4 in 2012 . For the third grant eligibility determination time period, the five quarterly <br /> reports are for calendar quarter 4 in 2012 , and calendar quarters 1 , 2, 3 , and 4 in <br /> 2013 . <br /> For Phase II, 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 /> -5 - <br />