Laserfiche WebLink
Executive Management Compensation Plan <br />November 17, 2020 <br />Page 2 <br />Specifically, the proposed resolution eliminates obsolete language, clarifies language to reflect <br />current practices and ensures compliance with related regulations. In addition, the resolution <br />amends the plan to provide details on the other employment benefits including the types of <br />additional monetary compensation available to Executive Management. Most substantially, the <br />proposed amendment converts the current step -based compensation plan to a performance <br />salary -based range and eliminates opportunities for pensionable lump sum bonuses. The <br />resolution is intended to accurately and comprehensively describe all provisions applicable to <br />Executive Management and enable the City to administer provisions in an appropriate and legally <br />compliant manner. <br />FISCAL IMPACT <br />There is no quantifiable or significant fiscal impact associated with this action. <br />Submitted By: Steven V. Pham, Executive Director - Human Resources Department <br />Exhibit: 1. Executive Management Resolution <br />55B-2 <br />