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hereto and made a part hereof.The exact number of jobs actually supplied and their <br /> salaries, however, may vary. Grant funds will be awarded up to a maximum of <br /> $175,000. The Grant award will be based on the following: <br /> Category 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 /> 150%of Indian River County Average $7,000 <br /> Annual Wage(or greater) <br /> 5. Wage Level Commitment. COMPANY estimates that it will pay 25 employees an <br /> annual wage of not less than $56,823.00. The annual wage of the positions will be <br /> determined without taking into account the value of any benefits. COMPANY shall, <br /> in accordance with the provisions of paragraph 6 below,provide written verification <br /> of such wages satisfactory to the Community Development Director or his designee. <br /> 6. Annual Job Status. COMPANY must provide the Community Development <br /> Director or his designee with Quarterly Reemployment Compensation Reports(Form <br /> RT-6)of its business operations within COUNTY on State form RT-6,as amended,a <br /> sample of which is attached hereto and made a part hereof as Exhibit "C". <br /> COMPANY must also provide the Community Development Director or his <br /> designee with quarterly updates to its employee census for employees working at its <br /> Indian River County location(s)(see section 3.b.of this Agreement).The cumulative <br /> Quarterly Reemployment Compensation Reports required to be filed for the annual <br /> period,correlated with each eligibility determination and the corresponding quarterly <br /> employee census shall collectively comprise the Annual Job Status Report. <br /> Starting with calendar quarter 1 in 2018, quarterly reports must be submitted for <br /> Grant eligibility determination. Those quarterly reports must be submitted no later <br /> than 60 days after the end of each quarter, until the termination of this Agreement. <br /> Submittal deadline may be waived by the Community Development Director, for <br /> good cause. <br /> 7. Default; Termination. Except as set forth herein, in the event that COMPANY <br /> defaults in the performance of its guarantees and commitments as provided for in this <br /> Agreement, COUNTY may, at its option, terminate this Agreement. <br /> 8. Indemnification. COMPANY shall indemnify and hold harmless and defend <br /> COUNTY, its agents, servants, and employees from and against any and all claims, <br /> liabilities, losses; and/or causes of action which may arise from any negligent act or <br /> omission of COMPANY, its agents, servants, or employees in the performance of <br /> services under this Agreement. <br /> -6- <br />