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The Grant eligibility determinations will cover one year periods for each of <br /> the Phases, with each yearly period beginning and ending as follows: <br /> Phase Grant Eli "ibili '" Determinations ,. <br /> sf Zna Y, final <br /> 7 <br /> Be m Erid, Beni ,,' End' <br /> I 12/31/2013 12/31/2014 1/1/2015 12/31/2015 1/1/2016 12/31/2016 <br /> Il 12/31/2014 12/31/2015 1/1/2016 12/31/2016 1/1/2017 12/31/2017 <br /> 111 12/31/2015 12/31/2016 1/1/2017 12/31/2017 1/1/2018 12/31/2018 <br /> (i) Each job must meet the minimum wage requirements specified in this <br /> Agreement. Payment of Grant funds shall be made within forty-five (45) <br /> days after the date COMPANY submits the latest State Quarterly <br /> Unemployment Compensation Report comprising the Annual Job Status <br /> Report(as defined in Paragraph 7),and this payment obligation shall survive <br /> the termination of this Agreement. Notwithstanding the foregoing,should the <br /> date for filing the last quarterly unemployment compensation report, as <br /> described above,not coincide with the date that an eligibility determination is <br /> made,COMPANY shall have the right to file a report,in a form substantially <br /> similar to a quarterly unemployment compensation report, and such report <br /> shall constitute the Annual Job Status Report,the filing of which shall begin <br /> the running of the forty-five(45)-day period within which payment shall be <br /> made. <br /> If COMPANY applies for a Qualified Target Industry (QTI) Tax Refund <br /> from the State of Florida and if COMPANY has that QTI Tax Refund <br /> approved by the State, County will reduce the local jobs grant amount paid <br /> directly to COMPANY for each eligibility determination in an amount <br /> sufficient to cover COUNTY's QTI Tax Refund 20%contribution obligation <br /> to the state for COMPANY's QTI Tax Refund agreement. COUNTY will <br /> submit the 20%payment obligation to the state for placement in the Florida <br /> Economic Development Trust Fund. <br /> 4. Job Creation Commitment. COMPANY estimates that it will provide 24 new <br /> eligible jobs within the county as set forth in Exhibit"B", which is attached hereto <br /> and made a part hereof.The exact number of j obs actually supplied and their salaries, <br /> however, may vary. Local jobs grant funds will be awarded up to a maximum of <br /> $94,000. The jobs grant award will be based on the following: <br /> G`ategory Amount,Per Job;;, <br /> 75%to 99.99% of Indian River County $3,000 <br /> Average Annual Wage <br /> 100%to 149.99% of Indian River County $5,000 <br /> Average Annual Wage <br /> -5- <br /> 193 <br />