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HomeMy WebLinkAboutAgr 2007-12-05 (Town Manager) FIRST AMENDMENT TO TOWN MANAGER'S EMPLOYMENT AGREEMENT This AMENDMENT TO THE TOWN MANAGER'S EMPLOYMENT AGREEMENT ("Amendment") is effective as of October 2, 2007, by and between The Town of Tiburon ("Town") and Margaret A. Curran ("Employee"). RECIT ALS A. The Town employs Employee as its Town Manager, pursuant to an Employment Agreement effective October 2, 2006 ("Manager's Agreement"). B. The Town Council has conducted its first performance evaluation of Employee as set forth in the Manager's Agreement and is well satisfied with Employee's performance. The Council finds that the Employee has demonstrated management and leadership skills that compare favorably to persons holding similar positions in similar agenCIes. C. The Town's policy is to offer compensation packages that are competitive with similar employers for similar positions so as to maintain the highest quality staff to serve the public. After completing the Manager's annual review, the Council has decided to modify the Manager's Agreement and compensation as set forth in this Amendment and Employee has agreed to such modification. D. The Town Council also intends its employee compensation to retain excellent employees and motivate continued good performance. Accordingly, the Council has also decided to grant the Employee the one-time payment described herein. NOW, THEREFORE, IN CONSIDERATION OF THE ABOVE RECITALS AND OF THE MUTUAL PROMISES AND CONDITIONS OF THIS AMENDMENT, IT IS AGREED AS FOLLOWS: 1. Base Salary. Section 4.1 of the Manager's Agreement shall be amended as follows: Employee's current base salary of$170,115 shall be increased by 2% to One Hundred Seventy Three Thousand Five Hundred Seventeen dollars ($173,517) per year. Consistent with the Town's practice, this salary shall be retroactive to October 2, 2007, the anniversary of Employee's hire date. 2. Vacation.. Sick and Administrative Leave. Section 4.3 of the Manager's Agreement shall be amended as follows: The Town wishes to give credit to Employee for her prior years of public agency management, accordingly, commencing with the effective date of this Amendment, Employee shall accrue vacation leave at the rate as set forth in the Management Recognition and Incentive Compensation Program for employees with 16 years or greater of service. 3. Automobile Allowance. Section 4.4 of the Manager's Agreement shall be amended as follows: Commensurate with other managers in Marin, Employee shall receive an automobile allowance of Four Hundred dollars ($400) per month to compensate Employee for the use of her personal vehicle on official Town business. 4. Housine Allowance (Monthly Payments). Section 4.5(b) of the Manager's Agreement shall be amended as follows: As set forth in the Management Agreement, the Town Council believes that the Employee's performance as Town Manager will be enhanced if she resides in or near Tiburon. Accordingly, the Town will continue to pay Employee Seven Hundred and Fifty dollars ($750) per month on the condition that she maintain her primary residence within five miles of Tiburon Town Hall at 1505 Tiburon Boulevard. 5. Cafeteria Medical Plan. Section 4.7 of the Manager's Agreement shall be amended as follows: The Town shall contribute the amount set forth in the Town's Management Recognition and Incentive Compensation Program, as adjusted from time to time, towards Employee's fringe benefit coverage. 6. One-Time Retention Allowance. Section 4.8 is hereby added to the Manager's Agreement to read as follows: To retain Employee and encourage her future continued excellent service, Employee is granted a bonus consisting of a one-time cash contribution of Seven Thousand Five Hundred dollars ($7,500) which shall be directed to her 457 Deferred Compensation Account. The Town shall pay this allowance within 15 days of this Amendment. The Council shall not be obliged to grant similar allowances in the future. 7. Manaeer's Aereement Otherwise Unchaneed. Except as expressly modified by this Amendment, the Manager's Agreement between the Town and Employee shall remain in full force and effect. IN WITNESS WHEREOF, this First Amendment to the Manager's Agreement shall be effective as of the day and year written above. Dated: TkC-e/"~Lk-tv ~;-, (:~?-- THE TOWN OF TIBURON: By: Mayor, APPROVED AS TO FORM a~/~- Ann R. Danforth Town Attorney, Town of Tiburon EMPLOYEE )Ut~~~.12.~,-~ Margaret A. Curran Town Manager, Town of Tiburon