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SECTION 5. RETIREMENT/DEFERRED COMPENSATION <br /> A. The City shall contribute into the Florida Retirement System the statutory amount for <br /> senior management employee. <br /> B. If Employee desires to participate in the ICMA deferred compensation programs, the <br /> City agrees to execute all necessary documents or agreements provided by the ICMA <br /> Retirement Corporation. <br /> SECTION 6. LIFE INSURANCE AND DISABILITY INSURANCE <br /> The City shall pay the premiums for the Employee during the term of the agreement on the <br /> following: <br /> 1. $100,000 whole life insurance policy <br /> 2. $300,000 term life insurance policy <br /> 3. Disability policy equivalent to the amount of annual salary. <br /> SECTION 7. HEALTH-DENTAL AND VISION COVERAGE <br /> The City agrees to provide the Employee with full family coverage for Health, <br /> Hospitalization, Dental and Vision Care as may be provided to other employees and the City <br /> shall pay for the full premium for such coverage, unless employee elects to receive the <br /> equivalent dollar cost. <br /> SECTION 8. VACATION, PERSONAL LEAVE, SICK LEAVE AND HOLIDAYS <br /> Commencing upon the first day of employment, Employee shall be permitted to accumulate <br /> up to four (4) weeks vacation days per year and twelve (12) sick days per year in accordance <br /> with the City's policy. In addition, Employee shall receive five (5) days of personal leave <br /> and two (2) days floating holidays in accordance with the City's policy. <br /> SECTION 9. PROFESSIONAL EXPENSES AND DEVELOPMENT <br /> A. Subject to City policy, State law, the City agrees to pay the reasonable professional <br /> expenses, dues and subscriptions of Employee necessary for conduct of City business <br /> and for his continuation and participation as a member in national, state, and local <br /> professional associations and organizations necessary and desirable for his continued <br /> professional participation, growth and advancement, and for the good of the City. <br /> B. Subject to City policy and applicable law, the City agrees to pay the travel and <br /> subsistence expenses of Employee for reasonable professional and official travel, <br /> meetings, and occasions adequate to continue the professional development of Employee <br /> and to adequately pursue necessary official and other functions of the City, including but <br /> not limited to the annual conference of the Florida City and County Manager's <br /> City Manager Agreement 3 <br /> HO:jb 7/10/12 <br />