HomeMy WebLinkAboutAgr 2008-10-02 (Town Manager)
SECOND AMENDMENT TO TOWN MANAGER'S
EMPLOYMENT AGREEMENT
This AMENDMENT TO THE TOWN MANAGER'S EMPLOYMENT
AGREEMENT ("Amendment") is effective as of October 2, 2008, by and between The
Town of Tiburon ("Town") and Margaret A. Curran ("Employee").
RECIT ALS
The Town employs Employee as its Town Manager, pursuant to an Employment
Agreement effective October 2,2006 ("Manager's Agreement").
The Town Council has conducted its second 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.
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. To continue to maintain a competitive compensation package for Employee so as
to retain Employee as Town Manager, 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. .
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 shall receive a base salary of one hundred eighty thousand eight
hundred sixty-four dollars ($180,864) per year. This salary shall be retroactive to
July 1, 2008.
2. One-Time Retention Allowance. Section 4.8 is hereby added to the Manager's
Agreement to read as follows:
To retain Employee and reward her service during the past performance
evaluation period and demonstrated skill level, Employee is granted a one-
time cash allowance of three thousand seven hundred and fifty dollars
($3,750) to be paid into Employee's 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.
However, in conjunction with future performance evaluations, the Town
Council may, in its sole discretion, consider whether Employee's
demonstrated skill level and the compensation practices of similar
employers for similar positions warrants payment of a future retention
allowance or allowances.
3. Performance Reviews. For purposes of this Agreement, Employee's annual
performance review shall be completed on or about July 1 st in the manner generally
accorded to the Town's management personnel. The Council will consider salary
adjustments and other contract amendments in conjunction with the performance
evaluation. If the Employee's performance is satisfactory the Council may, in its
sole discretion, elect to make a one-time cash payment to Employee as an
appropriate incentive to retain Employee.
4. 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 Amendment to the Manager's Agreement shall be
effective as of the day and year written above.
Dated: 1-- J..~,- 0 r
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TZOFTIBURO~:
By: ~
Alice Fredericks
Mayor, Town of Tiburon
APPROVED AS TO FORM
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Ann R. Danforth
Town Attorney, Town of Tiburon
EMPLOYEE
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Margaret Curran
Town Manager, Town of Tiburon