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4. Job Creation Commitment. COMPANY estimates that it will provide 13 new qualifying jobs within Indian River County as set forth in Exhibit "B' , which is attached hereto and made a part hereof. The exact number of jobs actually supplied and their salaries, however, may vary. Local jobs grant funds will be awarded up to a maximum of $63,000. The Jobs grant award will be based on the following: Category Amount Per Job ', 75% to 99.99% of Indian River County Average Annual Wage $3,000 100% to 149.99% of Indian River County Average Annual Wage $5,000 150% of Indian River County Average Annual Wage (or greater) $7,000 5. Wage Level Commitment. COMPANY estimates that it will pay 4 employees whose jobs are eligible for a Grant hereunder an annual wage of not less than $27,210.00, will pay 6 employees an annual wage of not less than $36,280.00, and will pay 3 employees an annual wage of not less than $54,420.00. The annual wage of the positions will be determined without taking into account the value of any benefits. COMPANY shall, in accordance with the provisions of paragraph 6 below, provide written verification of such wages satisfactory to the Community Development Director or his designee. COMPANY'S failure to maintain its wage level commitment for any qualifying job for any one year will result in either the reduction of the Grant amount awarded for that job for that year or will result in no award provided for that job for that year. 6. Annual Job Status. COMPANY must provide the Community Development Director or his designee with State Quarterly Reemployment Compensation Reports (Form RT -6) of its business operations within Indian River County on State form RT -6, as amended a sample of which is attached hereto and made a part hereof as Exhibit "C". COMPANY must also provide the Community Development Director or his designee with quarterly updates to its employee census for employees working at its Indian River County location(s) (see section 3.b. of this Agreement). The cumulative Quarterly State Reemployment Compensation Reports required to be filed for the annual period correlated with each eligibility determination and the corresponding quarterly employee census, shall collectively comprise the Annual Job Status Report. Starting with calendar quarter 2 in 2014, quarterly reports must be submitted for grant eligibility determination. Those quarterly reports must be submitted until the termination of this Agreement.