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which jobs grant funds will be awarded are filled by-people who live in Indian River County or adjacent counties. The Grant eligibility determinations will cover one year periods,with each yearly period beginning and ending as follows: Grant Eligibility Determinations 151 2°d 3" (final) Begin End Begin End Begin I End 7/01/2016 1 6/30/2017 7/01/2017 1 6/30/2018 7/01/2018 1 6/30/2019 (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 Quarterly Reemployment Compensation'Report comprising the Annual Job Status Report(as defined in Paragraph 6), and this payment obligation shall survive the termination of this Agreement. Notwithstanding the foregoing, should the date for filing the last quarterly reemployment 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 reemployment compensation report,and such report shall constitute the Annual Job Status Report, the filing of which shall begin the running of the forty-five (45)-day period within which payment shall be made. If COMPANY applies for a Qualified Target Industry (QTI) Tax Refund from the State of Florida and if COMPANY has that QTI Tax Refund approved by the State,the Community Development Department Director or his designee will reduce the local jobs grant amount paid directly to COMPANY for each eligibility determination in an amount sufficient to cover COUNTY's QTI Tax Refund 20%contribution obligation to the State for COMPANY's QTI Tax Refund agreement.The Community Development Department Director or his designee will submit the 20%payment obligation to the State for placement in the Florida Economic Development Trust Fund. (ii) If at the time of performance evaluation for payment as described in subsection 3.b(i) COMPANY is not current on Indian River County Real Estate and Tangible Personal Property Taxes,COUNTY shall withhold Grant payments for that eligibility determination time period and COMPANY shall automatically forfeit its right to collect Grant payments for that eligibility time period. COMPANY shall remain eligible for any remaining future Grant payments for future eligibility time periods provided COMPANY is current on such taxes referenced above at the time of future local jobs grant eligibility determination time periods. -5-