BC 1995 12 14 - Laserfiche WebLink

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603 policies in effect for other county employees. Disability insurance with a ninety (90) day elimination (waiting period) will be provided to pay sixty percent (60%) of base salary for a period of five (5) years until the EMPLOYEE becomes vested in the North Carolina Local Governmental Employees' Retirement System. In addition, the EMPLOYEE will have $50,000.00 of paid term life insurance to include accidental death and dismemberment benefits. SECTION XII. RETIREMENT A. EMPLOYER agrees to execute all necessary agreements provided by the International City Management Association Retirement Corporation (ICMA-RC) for EMPLOYER'S participation in said ICMA-RC retirement plan and, in addition to the base salary paid by the EMPLOYER to the EMPLOYEE, EMPLOYER agrees to pay an amount equal to five percent (5%) of the EMPLOYEE'S then base salary into the ICMA-RC on the EMPLOYEE'S behalf at the beginning of each fiscal year (July), and to transfer any ownership rights to sums so deposited with ICMA-RC on the EMPLOYEE'S behalf by the EMPLOYER to the EMPLOYEE upon the EMPLOYEE'S resignation or termination. Initial payment will be made in the month of employment to cover the remaining part of the fiscal year. This contribution is in lieu of the 401(K) program provided for other qualifying employees. B. The EMPLOYER shall also contribute to the County's standard retirement program with the North Carolina Local Governmental Employees' Retirement System on the EMPLOYEE'S behalf in the same manner and amount as is done for other County employees. SECTION XIII. DUES AND SUBSCRIPTIONS EMPLOYER agrees to budget and pay for the professional dues, subscriptions and training of the EMPLOYEE, necessary for his continuation and full participation in national, regional and state associations and organizations necessary and desirable for his continued professional participation, growth and advancement and for the good of the EMPLOYER in a yearly amount up to $1,500.00. SECTION XIV. PROFESSIONAL DEVELOPMENT A. EMPLOYER agrees to budget and pay the travel and other expenses of the EMPLOYEE for professional and official travel, meetings and occasions adequate to continue the professional development of EMPLOYEE and to adequately pursue necessary official and other functions for EMPLOYER, including, but not limited to, the Annual Conference of ICMA, the state county association, and such other national, regional, state and local governmental groups and committees thereof, which EMPLOYEE serves as a member; provided that such travel and subsistence expenses shall apply to no more than one (1) out of state and two (2) in-state trips per year unless otherwise separately authorized by the Board. B. EMPLOYER also agrees to budget and pay for travel and other expenses of the EMPLOYEE for short courses, institutes and seminars that are necessary for his professional development and for the good of the EMPLOYER. SECTION XV. INDEMNIFICATION EMPLOYER shall defend, save harmless and indemnify EMPLOYEE against any tort, professional liability claim or demand or legal action, whether groundless or otherwise, arising out of an alleged act or omission occurring in the performance of EMPLOYEE'S duties as County Manager. EMPLOYER will provide a defense for any such claim, demand or legal action and will pay the amount of any settlement or judgement rendered therein, subject to the limits of law and inclusive of third-party insurance. SECTION XVI. BONDING EMPLOYER shall bear the full cost of any fidelity or other bonds required of the EMPLOYEE under any federal, state law or local ordinance. SECTION XVII. RELOCATION EXPENSES EMPLOYER shall reimburse the EMPLOYEE for expenditures associated with relocation of the EMPLOYEE'S family and possessions