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' 1 <br /> � The City also shall execute all necessary documents provided by ICMA Retirement <br /> Corporation for the City's continued participation in the retirement plan thereof, and shall <br /> contribute an amount equal to ten percent (10%) of Employee's annual salary as deferred <br /> compensation to the ICMA Retirement Corporation Deferred Compensation Plan on behalf of <br /> Employee, which contributions shall be paid at least on a monthly basis. Moreover, The City , <br /> shall transfer ownership thereof to succeeding employers upon the termination of this <br /> Agreement. Employee agrees to execute such documents and further agrees to cooperate with <br /> the City in order to effectuate the provisions of this section of the Agreement. <br /> Both parties hereto agree to cooperate with one another in discussing and disclosing the <br /> effect of any change or amendment to said deferred compensation plan. <br /> 7. Performance Evaluations. The City agrees to provide Employee with periodic <br /> performance evaluations on an annual basis pursuant to specific criteria developed jointly by the <br /> City and Employee and as may be altered or modified by the City thereafter in consultation with <br /> Employee. The City agrees further to provide to Employee a written summary of his <br /> performance evaluation and provide to Employee a reasonable opportunity to discuss his <br /> responses thereto before the City Council. <br /> The City also agrees to endeavor to define and prioritize periodically, in writing, the <br /> objectives of the City in relation to the duties of the City Manager, as well as to specify <br /> reasonable time limits for the attainment of said objectives. The appropriation of operating <br /> capital budgets shall be made with due regazd of such stated objectives in accordance with other <br /> needs of the City and funds available to the City. <br /> 5 <br />