04-02-2001 WS - Laserfiche WebLink

Home Browse Search

DRAFT Last Updated: 2/8/2001 CARLSK-129390v10 MU125-33 apparel, memorabilia, golf equipment and supplies and similar items, but shall exclude items specifically identified as hard goods as set forth in Exhibit A to this Agreement, shall be at least 85% of the cost of said merchandise including shipping and/or delivery charges. Hard goods, as set forth in Exhibit A to this Agreement, shall be sold for at least the cost of said merchandise. E. Extraordinary Circumstances. In situations brought about through acts or conditions that are deemed to be outside the normal scope or course of operations for The Bridges and which result in a change in circumstances for the Bridges, the City may in its sole discretion to deviate from or spend more than the 48% of gross revenues of The Bridges for total compensation for all City employees at The Bridges. F. Payment of Incentive Pay. The payment of any incentive pay shall be paid annually as set forth herein. Ninety five percent (95%) of any incentive pay shall be paid annually on or before December 15th based upon the projected end of year revenues for the Bridges. The retained five percent (5%) amount of the incentive pay shall be paid, if required, at such time that audited financial statements for the preceding year are available and support payment of the retained five percent (5%) amount. Any difference between projected end of year revenues for the Bridges and audited financial statements for The Bridges shall be reconciled prior to payment of any of the retained five percent (5%) amount, if such payment is required. G. Use of Flex Time. The annual year for accumulation of flex time leave, as defined in the City’s Personnel and Administrative Handbook, for Hammerschmidt shall be from April 1st to March 31st of the following year. Hammerschmidt shall utilize accrued flex time leave during the time period The Bridges is not open for the golf season and prior to March 31st of each year, if possible. Any accrued flex time balance shall be reduced to forty (40) hours on March 31st of each calendar year, with no additional accrued flex time leave to be carried over past March 31st of each calendar year. H. Professional Organizations, Meetings and Activities. Subject to approval of the City, Hammerschmidt may attend and participate in appropriate professional meetings at local, state, and national levels and in such organizations deemed appropriate for the performance of Hammerschmidt’s duties, with reasonable expenses for such attendance and dues and membership fees to be borne by the City. Hammerschmidt may hold offices or accept responsibilities in these organizations as long as they do not interfere with the performance of Hammerschmidt’s duties as required by this Agreement.