CM - RIDGE, KRISTINE - 2019 - Laserfiche WebLink

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2.2.7 Life Insgrance City will purchase fife insurance for City Manager in the amount of five hundred thousand dollars ('$500,000). 2.2.8 eared i n 1+� - 45 t' t City agrees to provide a Section 457 deferred compensation program for City Manager and to pay the maximum IRC 457 (b) normal contribution limit per year (prorated for 2019) into such program for City Manager's benefit. Payments shall be divided and deposited oil City Manager's behalf for each pay period. The normal contribution limit is currently $19,000, 3. Pe formanc _E I lion. The Mayor and the City Council are responsible for setting performance goals on an annual basis in consultation with the City Manager. The City Council shall review and discuss City Manager's performance in or around July of each year commencing in 2019. However, Employee acknowledges and accepts the fact that the City Council as Employer has the right to schedule and an evaluation session at any time in accordance with the notice and all other requirements of the Brown Act. As a result of the perfornance evaluation and at the City Council's sole discretion, the City Council may provide a salary increase and/or performance bonus. 4. Bonds. City shall bear the full cost of any fidelity or other bonds required of City Manager under any law or ordinance. 5. 'fransportation and Getteral Busjtt ss Exjwtt, 5.1 Vehivi City shall provide City Manager with a vehicle, as well as fuel, maintenance and liability insurance for said vehicle, for City Manager's use in commuting, in the performance of her employment duties and for incidental personal use, or In the alternative, a monthly allowance of $500. 5.2 General Business Ex ens A. City agrees to budget and pay for professional dues and subscriptions for City Manager necessary for her continuation and participation in national, regional, state and local boards, task -forces, conferences and meetings, associations and organizations desirable for City Manager's continued participation, professional growth, and advancement, and for the benefit of the City.