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sanction shall be subject to sanction on the basis of four separate performance evaluation dates <br /> (December 31 , 2012 , 2013 , 2014 and 2015) on each of which a total amount of $ 500,000 shall be <br /> subject to sanction, as set forth herein, and <br /> (d) Closing Fund Awardee reaffirms its intent and commitment to remain in <br /> Indian River County and to achieve the job levels and other performance standards, as set forth <br /> herein. <br /> 2. Section 2.0 is deleted and replaced by the following: <br /> 2 .0 ADMINISTRATORS : <br /> County' s Closing Fund Agreement administrator is , <br /> Joseph A. Baird, County Administrator, <br /> The Closing Fund Awardee Agreement administrator is . <br /> John Calcagno , Chief Financial Officer or his successor. <br /> All approvals and notifications referenced in this Agreement must be obtained in writing <br /> from the parties ' agreement administrators or their duly authorized designees . <br /> 3 . Section 5.0 is deleted and replaced by the following: <br /> 5 . 0 PROJECT DESCRIPTION AND AWARD CONDITIONS , <br /> (a) Project Description. This Project (as such term is used herein) will include <br /> the retention and expansion of the Closing Fund Awardee ' s facilities and operations in Vero <br /> Beach, Indian River County, Florida, as described in "Exhibit A," including the design, <br /> development, and production and/or assembly of aircraft projects resulting in the job levels and <br /> capital investment contemplated by this Agreement. <br /> (b) Award and Performance Conditions for Retention of Award Funds . The <br /> following "Award Conditions" and "Performance Conditions" must be met for Closing Fund <br /> 3 <br />