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described in Exhibit "A" attached hereto. Where this Agreement differs from The Executive <br />Management benefits Resolution attached as Exhibit "A," this Agreement shall be primary and <br />the Resolution secondary. <br />2.2.2 Deferred Compensation <br />City Manager shall receive deferred compensation pursuant to the City's 457 plan <br />in the maximum annual amount currently allowed under the City sponsored 457 plan <br />($18,000.00 or an additional $6,000.00 if eligible for "Catch Up contribution"). <br />2.2.3 Sick Leave Bank <br />City Manager shall accrue Sick Leave at a monthly rate equal to 96 hours per <br />year. ,3 <br />2.2.4 Sick Leave Cash Out Allowance <br />City Manager will be entitled to cash out;.8'hours-of sick leave per month. <br />2.2.5 Vacation Allowance <br />Upon employment with City, City Manager shall be awarded a bank of 80 hours <br />of vacation leave and shall accrue monthly''rate equal .to 16,0 hour;'per year. City manager shall <br />accumulate 100 hours per year of managemerit`yacation <br />2.2.6 ,CalPERS Membership <br />As a classic member` --under Ca1PERS,'City Manager will be enrolled in the 2.7% <br />at age 55 benefit ,formula -and •shall ,be responsible for paying the corresponding employee <br />contribution. per. CalJ'RERS requirements as hey exist today or as may be amended by the <br />legislature.' As of the effective date of this Agreement the applicable contribution rate for <br />miscellaneous classic members is <br />2.2.7 Life Insurance <br />City will purchase life insurance for City Manager in the amount of five hundred <br />thousand dollars ($500;000): <br />3. 'Performance Evaluation. <br />The Mayor and the City Council are responsible for setting performance goals on <br />an annual basis in consultation with the City Manager. The City Council shall review and <br />discuss City Manager's performance in or around July of each year commencing in 2018. <br />However, Employee acknowledges and accepts the fact that the City Council as Employer has <br />the right to schedule and an evaluation session at any time in accordance with the notice and all <br />other requirements of the Brown Act. <br />25H-5 <br />