Reso 2011-1677 - Laserfiche WebLink

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5.0 SALARY 5.1. The CITY agrees to pay the POLICE CHIEF for his services rendered pursuant hereto an annual base salary of $145,264.86 payable in installments at the same time as other employees of the CITY are paid. 5.2. During the term of this Agreement, compensation of POLICE CHIEF may be increased by an amount based upon an annual performance review conducted by the City Manager. 6.0 HOLIDAYS, VACATIONS AND SICK PAY: 6.1. Commencing upon the effective date of this Agreement, Police Chief shall be credited with vacation and sick days that are generally provided to Department Directors or Management Employees. 7.0 RETIREMENT/DEFERRED COMPENSATION 7.1. The City shall continue to contribute into a Retirement Program chosen by the Police Chief, a monthly contribution equivalent to 12% of annual salary. 7.2. POLICE CHIEF may voluntarily participate in the deferred compensation programs provided by ICMA Retirement Corporation. 8. NO REDUCTION OF BENEFITS: 8.2. The CITY shall not at any time during the term of this Agreement reduce the salary, compensation or other financial benefits of the POLICE CHIEF, except to the degree of such a reduction across-the-board for all the employees of the CITY. 9. OTHER CUSTOMARY BENEFITS The City shall afford the POLICE CHIEF the right to participate in any other benefits or working conditions as provided for the Administrative and Management Employees of the City. The Police Chief shall not be considered as a new employee with respect to any benefits that the Employee may be entitled. The POLICE CHIEF shall retain the same seniority rank that the possessed as of November 5, 2010. It is understood and agreed to by the parties that the City hired the POLICE CHIEF on April 16, 1998. 10. MISCELLANEOUS: 10.2. Final Agreement: 3