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(iii) It is understood that the quantity and types of jobs proposed by phase in the above subsections, their annual wages, and dates of hire are estimates. Because of that, the quantity and types of jobs provided in each phase may shift between phases, and phase commencement dates may be extended. Proposed fobs will remain eligible for local jobs grant incentives provided: a. The minimum number of qualifying jobs provided in Phase I is 5. b. The maximum number of jobs eligible for local jobs grant funds for Phases I, and II is 13. c. The maximum extension for a phase commencement date shall be one year. Such commencement date extension may be approved administratively by the County Community Development Director or his designee provided the extension date meets the requirements of Section 3 of this agreement. If any of the 13 eligible jobs proposed for Phases I, and II are created after the Phase II commencement date or, if applicable, after an administratively approved extension to the Phase II commencement date those jobs shall not be eligible for local jobs grant funds. In no case shall the total local jobs grant award exceed $63,000. (iv) 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, as set forth herein. 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 Community Development Department staff will lower the jobs grant award for the respective year by the amount allocated in such year for each job for which the requirements of this agreement are not met. Thus, the total jobs grant award could be less than $63,000 by the end of this Agreement. If COMPANY changes the products or services it provides in such a way that would make COMPANY no longer qualify as a `Target Industry' or if COMPANY relocates outside of Indian River County, COMPANY shall be in Default of this Agreement. b. Performance Evaluation for Payment. COMPANY shall provide to the Indian River County Community Development Director, or his designee, an employee census for the Effective Date of this Agreement. That employee census must list employee name, job title, city and state in which the employee lives, annual salary, location where employee works, and date of hire.