R2026-16 Resolution Authorizing Employment Agreement - City Manager

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EXHIBIT"C" CITY OF DECATUR EMPLOYMENT AGREEMENT OF CITY MANAGER Compensation and Benefit Policy The following is City's Compensation and Benefit Policy(Policy)for Melissa Hon for City Manager and is incorporated into the preceding Employment Agreement of City Manager for City of Decatur,Illinois. A. Compensation 1. Salary,City Manager shall receive a salary at an annual rate of Two Hundred and Twenty-Five Thousand Dollars($225,000.00)commencing on the Effective Date of the Agreement; and such salary shall be payable in semi-monthly installments equalized in accordance with the pay plan applicable to City employees. City Manager shall receive a minimum annual increase to their salary based upon the Midwest Region CPI-4 twelve-month Consumer Price Index percentage change prevailed by the U.S.Bureau of Labor Statistics set forth in the month of January 2027 and each January thereafter during the terms of City Manager's employment. 2. Severance. If Agreement is terminated by City without cause or by City Manager for cause as provided in the Agreement,City shall pay monthly severance to City Manager for twenty(20)weeks equal to City Manager's most recent monthly salary, following City's receipt of an executed release,binding upon City Manager and releasing and waiving any and all claims,actions,demands,causes of action and/or demands against City,Mayor,any member of Council,or any other person for whom City will have liability for acts or omissions. Release will be in a form acceptable to City. 3. Final Compensation. Nothing contained herein shall release City from compensation owed to City Manager in accordance with the laws of the State of Illinois, including any final paycheck,accrued benefits and compensation for accrued but unused vacation days as provided in City policies. Final compensation,as defined herein, shall be in addition to any severance payment that may be required by this Agreement.