Title
Adopt Resolution to:
a. Approve and authorize execution of Employment Agreement Amendment No. 3 with NMC Chief Financial Officer Daniel Leon including.
b. Ratify original Agreement and Amendments Nos. 1 and 2 to the Employment Agreement with NMC Chief Financial Officer Daniel Leon and all compensation paid under those amendments. (ADDED VIA ADDENDUM)
Report
RECOMMENDATION:
It is recommended that the Board of Supervisors:
Adopt Resolution to:
1. Approve and authorize execution of Employment Agreement Amendment No. 3 with NMC Chief Financial Officer Daniel Leon.
2. Ratify original Agreement and Amendments Nos. 1 and 2 to the Employment Agreement with NMC Chief Financial Officer Daniel Leon and all compensation paid under the Agreement and those amendments.
SUMMARY: The Board directed the Interim NMC-CEO and County Counsel to negotiate an amendment to NMC Chief Financial Officer's employment agreement. Presented for Board consideration is a resolution and contract amendment consistent with Board direction. This resolution and amendment will ratify actions by the prior NMC-CEO regarding employment terms and compensation. An important term of this amendment includes an increase in the employee paid share of PERS costs. Also, compensation is set at the top of the salary range for this position, however performance pay is eliminated.
DISCUSSION: On December 30, 2010, the NMC-CEO executed an Employment Agreement with Daniel Leon to become the Chief financial Officer of NMC, effective February 1, 2011. The agreement contained terms of employment, including salary and a performance incentive pay plan with payouts based on meeting performance metrics. Over the succeeding three years, two amendments to the employment agreement were prepared and implemented with salary increases. The performance incentive plan remained the same. Over the years, performance pay has averaged approximately 14% of salary. Amendment No. 1 was fully executed ...
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