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Florida must complete and submit to the state on a quarterly basis . <br /> Information collected on the form includes the names of employees, their <br /> social security numbers, and the gross wages paid to each employee on a <br /> quarterly basis. The information is used for unemployment compensation <br /> should employees cease to be employed . For purposes of this jobs grant <br /> agreement, this definition shall also include other similar county approved <br /> certified forms from COMPANY or COMPANY' s professional employer <br /> organization . <br /> 2 . Term ; Termination . This Agreement shall be effective on August 16, 2011 (the <br /> "Effective 'Date'), and shall automatically ' terminate after COUNTY has made the <br /> last payment to COMPANY unless terminated earlier by COUNTY because of a <br /> default by COMPANY . <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 $297,000 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, 17 new qualifying jobs meeting the wage level commitment <br /> in Section 6 of this Agreement will be provided by 9/30/ 11 . For each of the <br /> three annual successive periods that those jobs are maintained at the required <br /> wage level , COMPANY shall receive 1 /3 of the Grant amount for those 17 <br /> jobs . <br /> (ii) For Phase II, 26 new qualifying jobs meeting the wage level commitment <br /> in Section 6 of this agreement will be provided by 12/31 / 11 . For each of the <br /> three annual successive periods that those jobs are maintained at the required <br /> wage level , COMPANY shall receive 1 /3 of the Grant amount for those 26 <br /> jobs . <br /> (iii) For Phase 1II, 10 new qualifying jobs meeting the wage level <br /> commitment in Section 6 of this agreement will be provided by 3/31 /12 . For <br /> each of the three successive annual periods that those jobs are maintained at <br /> the required wage level, COMPANY shall receive 1 /3 of the Grant amount <br /> for those 10 jobs . <br /> -3 - <br />