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3.3.2 Vacation Leave Bank <br />Upon employment with the City, Employee shall be provided a bank of <br />210 accrued vacation leave hours. <br />3.3.3 Vacation Leave Accrual <br />As a longevity credit, Employee shall accrue vacation leave at a monthly <br />rate equal to 160 hours of vacation leave per year. <br />3.3.4 Deferred Compensation (457 Plan) <br />City agrees to provide Employee deferred compensation pursuant to <br />Section 457 of the Internal Revenue Code, in the amount of $16,000 a year. Payments <br />shall be divided and deposited on the Employee's behalf for each pay period, <br />4. Performance Evaluation. <br />The City Council shall review Employee's job performance at least once <br />annually. Employee shall remind the City Council of its obligations under this Section <br />each year and shall work with the City Council in finding an appropriate time to place <br />his or her annual evaluation on the agenda. As a result of the performance evaluation <br />and at the City Council's sole discretion, the City Council may provide a salary increase <br />and/or performance bonus. The City Council may also review Employee's performance <br />at other intervals as it deems appropriate. <br />5. Bonds. <br />City shall bear the full cost of any fidelity or other bonds required of <br />Employee under any law or policy. <br />6. Business Expenses <br />6.1 General Expenses <br />City recognizes that Employee may incur expenses of a non -personal, job - <br />related nature that are reasonably necessary to Employee's service to the City. The City <br />agrees to either pay such expenses in advance or to reimburse the expenses, so long as <br />the expenses are incurred and submitted in accordance with the City's normal <br />expenditure reimbursement procedures. To be eligible for reimbursement, all expenses <br />must be supported by documentation meeting the City s normal requirements and <br />must be submitted within time limits established by the City. <br />City agrees to budget and pay for professional dues and subscriptions for <br />Employee necessary for her continuation and participation in national, regional, state, <br />and local conferences, meetings, associations, and organizations desirable for <br />3 <br />