HomeMy WebLinkAboutGM Contract amend,Exhibit A Exhibit "A"
AMENDMENT No. 1
To
TRUCKEE DONNER PUBLIC UTILITY DISTRICT
EMPLOYMENT AGREEMENT
GENERAL MANAGER
This Amendment No. 1 to the Truckee Donner Public Utility District Employment
Agreement General Manager is made and entered into this fifteenth day of November, 2012, by
and between the Truckee Donner Public Utility District, (hereinafter called "Employer" or
"District") and Michael D. Holley, (hereinafter called "Employee" or"Holley") as follows:
WHEREAS, the Employer and Employee desire to amend the Truckee Donner Public
Utility District Employment Agreement General Manager entered into between them on March
17, 2010 ("Agreement"); and
WHEREAS, the District's Board of Directors approved the terms and conditions set for
the in this Amendment No. 1 during its special meeting on November 15, 2012.
NOW THEREFORE, the Employer and Employee agree as follows:
Section 7: Retirement of the Agreement is amended to read as follows:
A. The Employer agrees to enroll the Employee into the CaIPERS retirement
system in accordance with the Employer's agreement with CaIPERS. Beginning on
January 1, 2013, Employee shall pay 50% of "normal cost" of the plan, up to 8% of
pensionable wages.
B. The Employee shall receive 2.64% of wages in the form of a contribution into a
flexible spending benefit. This amount will not be reportable to CaIPERS as wages, and
can be used at the employee's discretion.
C. For and in consideration of Employee's performance of duties as the Employer's
Water Utility Manager, in addition to the performance of the other duties described in
Section 2, above, Employer shall annually make a lump sum contribution to Employee's
Supplemental Income Plan equal to five percent (5%) of Employee's Base Salary. Each
annual lump sum contribution shall be made during July, with the first contribution being
made in July 2010. Each annual lump sum contribution shall be calculated as five
percent (5%) of Employee's Base Salary at the time the contribution is made.
Except as expressly stated herein, all other terms and conditions of the agreement shall remain
unchanged and in full force and effect.
Employer: Employee:
Tony Laliotis Michael D. Holley
President of the Board
Truckee Donner Public Utility District