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d. In no case shall the total local jobs grant award exceed $ 169,000 . (v) Failure of COMPANY to maintain claimed jobs for at least 3 years at required wage levels will result in the reduction of the Grant amount paid to COMPANY. If, by the end of any of the annual periods, COMPANY has not maintained the total number of claimed jobs required or if COMPANY has provided the total jobs required but the annual wage for any of those jobs is less than required for that year, COUNTY will lower the jobs grant award for the respective year. Thus, the total jobs grant award could be less than $ 169 ,000 by the end of this Agreement . b . Performance Evaluation for Payment . COMPANY ' s performance evaluation will be conducted on an annual basis by the information provided on the State ' s Quarterly Unemployment Compensation Report (UCT- 6 form) . COMPANY shall supply additional documentation to COUNTY, in a form acceptable to COUNTY, showing that positions for which jobs grant funds will be awarded are filled by people who live in the general area/region and listing the type of position filled by each employee . The Grant eligibility determinations will cover one year periods for each of the Phases , with each yearly period beginning and ending as follows : Phase Grant Eligibility Determinations 1st 2nd 3rd final Begin End Begin End Begin End I 12/31 /2011 12/31 /2012 1 / 1/2013 12/31 /2013 1 / 1 /2014 12/31 /2014 it 9/30/2012 9/30/2013 10/ 1 /2013 9/30/2014 10/ 1 /2014 9/30/2015 111 3 /31/ 13 3 /31 / 14 4/ 1 / 14 3 /31 / 15 4/ 1 / 15 3 /31 / 16 (i) Each job must meet the minimum wage requirements specified in this Agreement . Payment of Grant funds shall be made within forty-five (45 ) days after the date COMPANY submits the latest State Quarterly Unemployment Compensation Report comprising the Annual Job Status Report (as defined in Paragraph 7) , and this payment obligation shall survive the termination of this Agreement. Notwithstanding the foregoing, should the date for filing the last quarterly unemployment compensation report, as described above , not coincide with the date that an eligibility determination is made , COMPANY shall have the right to file a report, in a form substantially similar to a quarterly unemployment compensation report, and such report shall constitute the Annual Job Status Report, the fling of which shall begin the running of the forty - five (45 ) -day period within which payment shall be made . 4 . Relocation/Expansion Commitment. As a condition precedent to and as consideration for obtaining Jobs Grant Funds from COUNTY, COMPANY agrees to -4-