Commissioners' Fundamentals-Sample Contract for ED

Sample Contract for ED

Pdf Summary

This is an employment contract between the Housing Authority of an unspecified location and an individual referred to as "ED NAME," who is appointed as the Executive Director. The contract is effective from a specified date and includes various key articles:<br /><br />1. **Scope of Services**: The Executive Director is expected to serve as both the Secretary to the Board of Commissioners and perform duties in compliance with HUD regulations, agency by-laws, and personnel policy.<br /><br />2. **Term of Contract**: The contract has an initial term of two years, with the possibility of automatic monthly renewal unless otherwise re-negotiated. Termination for cause is allowed at any time, while either party can terminate the contract after the initial two-year term with a 30-day notice.<br /><br />3. **Compensation upon Termination**: If terminated without cause during the initial term, the Executive Director is entitled to a six-month salary payout and compensation for unused leave. Post-initial term termination carries no further compensation beyond earned salary and leave.<br /><br />4. **Salary and Benefits**: The Executive Director's annual salary is detailed, accompanied by benefits such as health insurance, retirement options, travel and education reimbursements, and possibly a vehicle for personal and professional use.<br /><br />5. **Standards of Conduct**: The Executive Director must comply with applicable laws and agency policies, including conduct codes and conflict-of-interest rules. They will manage daily agency operations without interference from the Board of Commissioners, and any non-compliance could result in contract violation.<br /><br />6. **Performance Evaluation**: The Board will conduct annual performance evaluations based on mutually agreed criteria. An unsatisfactory evaluation may lead to contract termination with 30 days' notice.<br /><br />The contract concludes with signatures from ED NAME, the Chair of the Housing Authority, and witnesses, indicating formal agreement by all parties involved.

Keywords

employment contract

Housing Authority

Executive Director

HUD regulations

contract termination

salary and benefits

performance evaluation

Board of Commissioners

conflict of interest

contract renewal