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adopt and follow employment policies, rules and procedures intended to ensure that no discrimination will occur in the creation of Jobs on the basis of race, creed, color, national origin, sex or disability or other characteristics for which protection is available under applicable local, state and federal anti-discrimination laws. In performing its obligations under this Article, Company shall comply with all applicable laws, regulations and ordinances. ARTICLE 4. ECONOMIC DEVELOPMENT INCENTIVE PROVIDED BY THE CITY Section 4.01. Personal Property Tax Grant Payments. Subject to other terms and conditions in this Agreement and Company's compliance with this Agreement, the City will make Personal Property Tax Grant Payments to Company in an amount equal to 50 percent of Personal Property Taxes generated by the Business on the Site during the calendar year immediately preceding the Personal Property Tax Grant Payment. Section 4.02. Sales Tax Revenue Grant Payments. Subject to other terms and conditions in this Agreement and Company's compliance with this Agreement, the City will make Sales Tax Revenue Grant Payments to Company at the end of every Sales Tax Revenue Computation Quarter, during the Term, in an amount equal to 75 percent of Sales Tax Revenue generated from operation of the Business at the Site during the immediately preceding Sales Tax Revenue Computation Quarter. Section 4.03. Automatic Renewal. In the event that Company performs all of its obligations under Article 3 and is not operating under any notice of default from the City, at the end of the Term, this Agreement shall be automatically extended for two (2) consecutive ten (10) year periods. Section 4.04. Payment Period for Ad Valorem Tax Portion of Grant Payment. Grant Payments made by the City between and including the years 2017 through 2026 shall 6