Commissioners' Fundamentals-Sample Contract for ED

Sample Contract for ED

Pdf Summary

This employment contract is an agreement between the Housing Authority of XXXXXXX and a person named as the Executive Director (ED), referred to as NAME. The contract is effective from a specified date and outlines the terms of employment for a two-year initial term, which can renew on a monthly basis unless modified in writing.

<strong>Scope of Services:</strong> The ED serves as Secretary to the Board of Commissioners and fulfills duties as per HUD regulations and agency policies.

<strong>Term of Contract:</strong> Initially set for two years, the Board can terminate the contract for cause immediately. Post two years, termination requires a 30-day notice. If the agency terminates without cause during the initial term, the ED receives six months of salary beyond any accumulated leave. No extra payment is due if terminated after the initial term beyond the earned salary and unused leave.

<strong>Salary and Benefits:</strong> The ED receives an annual salary, paid bi-weekly, and benefits similar to other agency employees, including insurance and retirement options. The agency may provide a vehicle for professional and personal use, with the agency covering associated costs.

<strong>Standards of Conduct:</strong> The ED must comply with relevant laws, agency rules, and conduct codes. The Board allows the ED to oversee the agency's operations independently. An annual performance evaluation based on metrics set by both parties is mandatory. Unsatisfactory evaluations can lead to contract termination with a 30-day notice.

The contract concludes with signatures from the ED and the Board Chair to validate it.

Keywords

employment contract

Executive Director

Housing Authority

Board of Commissioners

HUD regulations

salary and benefits

performance evaluation

contract termination

agency policies

conduct codes