24-3408 Restating Employment Agreement between the City and City Manager James R. Newlon

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by the City from time to time. Beginning on January 1, 2024, the City Manager shall receive salary adjustments at the same times and in the same percentage as other regular City employees. b. The City Manager's compensation shall include a monthly car allowance in the amount of $500.00 which accounts for mileage for travel involving City business using the City Manager's personal vehicle that is within a 50 -mile radius of City Hall. Additionally, mileage beyond the 50 -mile radius will be reimbursed to City Manager at the cents -per -mile rate equal to that provided by IRS business guidelines or at a rate provided to regular City employees, subject to applicable statutory limitations. 6. BENEFITS. Except as hereinafter provided, the City Manager will receive the same benefits as all other City employees, including but not limited to the medical/health insurance plans, long-term disability plan, dental plan, hospitalization plan, life insurance, Worker's Compensation, and all other benefits available to the full-time regular employees of the City based on the City Manager's tenure and accumulated service to the City, or as prescribed in this Agreement, whichever benefit is greater. a. The City agrees to pay an amount equal to 15 percent (15%) of the City Manager's salary into a retirement plan under IRS code Section 401A on the City Manager's behalf, in proportionate amounts each pay period. b. The City will make an annual matching contribution to the City's deferred compensations plan under IRS Section 457 not to exceed four percent (4%) of the City Manager's salary. These contributions will be made in proportionate installments based on the City Manager's contribution at the time of each regular pay period the same as for the regular employees of the City. c. The City Manager's accrual of annual, sick, and compensatory leave time will be managed in accordance with City Policy applicable to all regular City employees. d. Upon separation of employment from the City other than by retirement or as otherwise prescribed herein, the City Manager shall have the opportunity to obtain all medical/health insurance, dental plans, hospitalization, life insurance, and any other benefit plans available to all employees of the City in accordance with COBRA regulations or in accordance with the City Retiree Health Insurance Policy at the City Manager's expense. 7. RESIDENCY. Pursuant to City Charter Section 5.01 of Article 5, the City Commission has waived, by super majority approval, the requirement that the City Manager shall become a resident of the City of Casselberry for the duration of his appointment. 8. TERMINATION OF EMPLOYMENT. This Agreement may be terminated as follows: a. In this Agreement, "Cause" is defined to mean a conviction of a felony; an intentional act of felonious embezzlement or theft from the City that occurs in the course of the City Manager's employment with the City; continued willful failure to substantially perform his duties as City Manager (other than as a result of incapacity due to physical or mental illness), or willful conduct