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maintained the total number of claimed jobs required or if COMPANY has <br /> provided the total jobs required , but the annual wage for any of those jobs is <br /> less than required for that year, COUNTY will lower the jobs grant award for <br /> the respective year . Thus by the end of this Agreement, the total jobs grant <br /> award could be less than $ 550 , 000 if COMPANY locates in the City of Vero <br /> Beach/Indian River County Enterprise Zone or less than $ 500 ,000 if <br /> COMPANY locates within Indian River County , but outside of the City of <br /> Vero Beach/Indian River County Enterprise Zone . <br /> b . Performance Evaluation for Payment . COMPANY ' s performance evaluation <br /> will be conducted on an annual basis by the information provided on the <br /> State ' s Quarterly Unemployment Compensation Report (UCT- 6 form) . <br /> COMPANY shall supply additional documentation to COUNTY, in a form <br /> acceptable to COUNTY, showing that positions for which jobs grant funds <br /> will be awarded are filled by people who live in the general area/region . <br /> The Grant eligibility determinations for each of the Phases will be made as <br /> follows : <br /> Phase Grant Eligibility Determinations <br /> 1st 2nd 3tea final <br /> I January 2012 January 2013 January 2014 <br /> II July 2012 July 2013 July 2014 <br /> III January 2013 January 2014 January 2015 <br /> (i ) Each job must meet the minimum wage requirements specified in this <br /> Agreement . Payment of Grant shall be made within forty- five ( 45 ) days after <br /> the date COMPANY submits the latest State Quarterly Unemployment <br /> Compensation Report comprising the Annual Job Status Report (as defined in <br /> Paragraph 7) , and this payment obligation shall survive the termination of this <br /> Agreement . Notwithstanding the foregoing , should the date for filing the last <br /> quarterly unemployment compensation report , as described above , not <br /> coincide with the date that an eligibility determination is made, COMPANY <br /> shall have the right to file a report, in a form substantially similar to a <br /> quarterly unemployment compensation report, and such report shall constitute <br /> the Annual Job Status Report , the filing of which shall begin the running of <br /> the forty- five (45 ) -day period within which payment shall be made . <br /> If COMPANY is awarded a Qualified Target Industry ( QTI) grant from the <br /> state of Florida . County will reduce the local jobs grant amount paid directly <br /> to COMPANY for each eligibility determination in an amount sufficient to <br /> cover COUNTY' s QTI 20 % contribution obligation to the state for <br /> COMPANY' s QTI agreement . COUNTY will submit the 20 % payment <br /> -4 - <br />