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obligation to the state for placement in the Florida Economic Development <br /> Trust Fund . <br /> 4 . Relocation Commitment . As a condition precedent to and as consideration for <br /> obtaining Jobs Grant Funds from COUNTY , COMPANY agrees to locate or expand <br /> its business operations to a suitable site in Indian River County as described on <br /> Exhibit "A " , which is attached hereto and made a part thereof. <br /> 5 . Job Creation Commitment . COMPANY estimates that it will provide 100 new jobs <br /> within the county as set forth in Exhibit " B " , which is attached hereto and made a <br /> part hereof. The exact number of jobs actually supplied, however, may vary . Local <br /> jobs grant funds will be awarded up to a maximum of $ 550 ,000 if COMPANY <br /> locates in the City of Vero Beach/Indian River County Enterprise Zone or up to a <br /> maximum of $ 500 ,000 if COMPANY locates within Indian River County , but <br /> outside of the City of Vero Beach/Indian River County Enterprise Zone . The jobs <br /> grant award will be based on the following : <br /> Category Amount Per Job if not Amount Per Job if Located <br /> Located in Enterprise in Enterprise Zone <br /> Zone <br /> 75 % to 99 . 99% of county $ 3 , 000 $ 3 , 300 <br /> average wage <br /> 100 % to 149 . 99 % of county $ 500 $ 55500 <br /> average wage <br /> 150 % of county average wage $ 7 , 000 $ 7 , 700 <br /> (or greater) <br /> 6 . Wage Level Commitment . COMPANY estimates it will pay each employee whose <br /> job is eligible for a Grant hereunder an annual wage of not less than $ 35 , 043 per <br /> position for 1 position ; and not less than $ 52 , 564 . 5 per position for each of 99 <br /> positions ; the annual wage of the positions shall be determined without taking into <br /> account the value of any benefits . COMPANY shall , in accordance with the <br /> provisions of paragraph 7 herein below, provide written verification of such wages <br /> satisfactory to COUNTY . COMPANY ' S failure to maintain its wage level <br /> commitment for any one year will result in the reduction of the Grant amount for that <br /> year( s) . <br /> 7 . Annual Job Status . COMPANY must provide COUNTY with State Quarterly <br /> Unemployment Compensation Reports (Form UCT - 6) of its business operations <br /> within Indian River County on State form UCT- 6 as amended , a sample of which is <br /> attached hereto and made a part hereof as Exhibit " C " . The cumulative Quarterly <br /> State Unemployment Compensation Reports required to be filed for the annual period <br /> prior to each eligibility determination shall collectively comprise the Annual Job <br /> - 5 - <br />