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Quarterly Reemployment Compensation Report, as described above, not <br />coincide with the date that an eligibility determination is made, COMPANY <br />shall have the right to 171e a Quarterly Reemployment Compensation Report, <br />in a form substantially similar to a Quarterly Reemployment Compensation <br />Report, and such Quarterly Reemployment Compensation Report shall <br />constitute the Annual Job Status Report, the filing of which shall begin the <br />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, the Community Development Director or his designee <br />wiI I reduce the Grant amount paid directly to COMPANY for each eligibility <br />determination in an amount sufficient to cover COUNTY's QTI Tax Refund <br />20% contribution obligation to the State for COMPANY's QTI Tax Refund <br />agreement. The Community Development Director or his designee will <br />submit the 20% payment obligation to the State for placement in the Florida <br />Economic Development Trust Fund. <br />(ii) If at the time of performance evaluation for payment as described in <br />subsection 3.b COMPANY is not current on COUNTY Real Estate and <br />Tangible Personal Property Taxes, COUNTY shall withhold Grant payments <br />for that eligibility determination time period and COMPANY shall <br />automatically forfeit its right to collect Grant payments for that eligibility <br />time period. COMPANY shall remain eligible for any remaining future Grant <br />payments for future eligibility time periods provided COMPANY is current <br />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 15 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 />$49,000. The Grant award will be based on the following: <br />Category <br />Amount Per 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 />-G- <br />P118 <br />