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maintained in year five of the incentive agreement. If the COMPANY does not meet the cumulative required number of New Jobs in any given year of the Agreement (Y1=5, Y2=20, Y3=40, Y5=50), the incentive amount paid to the COMPANY for that year will be reduced. The incentive amount will not be reduced in any year if the COMPANY hires more New Jobs than required and any jobs over the minimum amount required for the calendar year can be counted towards the minimum amount of New Jobs required for the following calendar year. d. Should it become necessary, after June 30, 2017, for a New Job to be counted by the COMPANY as an Existing Job for purposes of maintaining the base level of Existing Jobs required by this Agreement, that job may not then be counted as a New Job. A job created or retained pursuant to the terms of this agreement may not simultaneously count as both a New Job and an Existing Job. e. Taxable Investment. The COMPANY agrees to make a privately funded net new taxable investment in machinery, equipment and taxable improvements as part of the Project, which will amount to at least $100,000,000.00 (ONE HUNDRED MILLION DOLLARS). The COMPANY will make taxable investments each year of the life of the project according to Exhibit B. When the COUNTY calculates its incentive each year, the COMPANY agrees that the incentive will be reduced if such cumulative taxable investment is not made in accordance with Exhibit B. The incentive amount will not be reduced in any year if the COMPANY exceeds the taxable investment in Exhibit B. The incentive amount will not be reduced in any year the COMPANY meets its minimum investment according to Exhibit B. Any investment made above the minimum investment for a calendar year will be considered in the minimum investment for the following calendar year. f. The COMPANY'S compliance with all Performance Criteria set out in this Agreement shall be attested to annually under oath by an officer of the COMPANY and provided to the COUNTY by March 31 ' of the subsequent year. If the COMPANY has not provided proof of the New Jobs and the Taxable Investment by March 31 ', it will be assumed the COMPANY is no longer requesting an incentive for that year of this Agreement. If the COMPANY needs additional time to provide the necessary proof, it must notify the COUNTY in writing thirty days before the proof is due, asking for an extension and the County has the sole discretion in determining whether to provide an extension and the date the proof will be due. The County will not unreasonably withhold a request for extension of time. 6. CLOSEOUT. The COUNTY will close out the Grant on the first of the following to occur (hereinafter "Closeout"): 4