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EIH[BTT"C" <br /> CITY OF DECATUR <br /> EMPLOYMENT AGREEMENT OF CITY MANAGER <br /> Compensation and Benefit Policy <br /> The following is City's Compensation and Benefit Policy(Policy)for Tim Gleason for <br /> City Manager and is incorporated into the preceding Employment Agreement of City Manager <br /> for City of Decatur,Illinois. <br /> A. Compensation. <br /> 1. Salary. City Manager shall receive a salary at an annual rate of Two Hundred and <br /> Thirty Thousand Dollars($230,000.00)commencing on the Effective Date of the Agreement; <br /> and such salary shall be payable in semi-monthly installments equalized in accordance with the <br /> pay plan applicable to City employees. City Manager shall receive a minimum annual increase <br /> to his salary based upon the Midwest Region CPI-4 twelve-month Consumer Price Index <br /> percentage change prevailed by the U.S.Bureau of Labor Statistics set forth in the month of <br /> April 2025 and each April thereafter during the terms of City Manager's employment. <br /> 2. Severance. If Agreement is terminated by City without cause or by City Manager <br /> for cause as provided in the Agreement,City shall pay monthly severance to City Manager for <br /> twenty(20)weeks equal to City Manager's most recent monthly salary,following City's receipt <br /> of an executed release,binding upon City Manager and releasing and waiving any and all claims, <br /> actions,demands,causes of action and/or demands against City,Mayor,any member of Council, <br /> or any other person for whom City will have liability for acts or omissions. Release will be in a <br /> form acceptable to City. <br /> 3. Final Compensation. Nothing contained herein shall release City from <br /> compensation owed to City Manager in accordance with the laws of the State of Illinois, <br /> including any final paycheck,accrued benefits and compensation for accrued but unused <br /> vacation days as provided in City policies. Final compensation,as defined herein,shall be in <br /> addition to any severance payment that may be required by this Agreement. <br /> 4. Deferred Compensation. The City agrees to provide the City Manager with a <br /> $22,800 annual contribution($1,900 per month)to a 457(b)deferred compensation program of <br /> the employee's choosing. This compensation is in addition to the salary set forth above and <br /> therefore is part of the Manager's compensation for EVIRF contributions. <br /> B. Benefits. <br /> 1. Vacations. The length of City Manager's annual vacations shall be: <br />