Agenda Item #14
F-2. First Amendment to the Superintendent's Employment Agreement
The Superintendent's current Employment Agreement dated August 23, 2005, Paragraph 7.3 DISABILITY INSURANCE, states that the Board shall provide the Superintendent a disability insurance policy with payment of an annual premium not to exceed $1000.00. Since the Agreement’s inception, the cost of providing said disability insurance policy has increased to an amount substantially greater than the stipulated $1000.00 maximum.
That the attached First Amendment to the Superintendent’s Employment Agreement revising Paragraph 7.3 to cover the annual cost of disability insurance premiums be approved. The funding required over and above the $1000.00 currently approved shall be paid by the Board by deducting the amount from the fixed-dollar contribution to the Superintendent’s retirement benefit pursuant to paragraph 7.1 of the Employment Agreement. This results in no additional cost to the Board and will become effective March 25, 2008.
Information - 3/11/2008
Consent after Information3/25/2008
Authority for Action
Involves Expenditure of Funds Directly in the Classroom
Source of Funding
Agenda Item will not Require the Expenditure of Funds
Susan G. Standley, 216
Attachment: Sch Bd 1st Amendment Superintendent contract.pdf