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on such taxes referenced above at the time of future Grant eligibility <br />determination time periods. <br />4. Job Creation Commitment. COMPANY estimates that it will provide 25 new <br />Qualifying Jobs within COUNTY as set forth in Exhibit "B", which is attached <br />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 />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 designee <br />with quarterly updates to its employee census for employees working at its Indian <br />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 />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 />-6- <br />99 <br />.Catp`'(`R}o .,,�_ - - - .:��_.-: <br />;� - - _ Amounf�Pe`�• - - -_ u- <br />Job <br />75% to 99.99% of Indian River County <br />$3,000 <br />Average Annual Wage <br />100% to 149.99% of Indian River County <br />$5,000 <br />Average Annual Wage <br />150% of Indian River County Average <br />$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 designee <br />with quarterly updates to its employee census for employees working at its Indian <br />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 />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 />-6- <br />99 <br />