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TO: |
Board of Trustees |
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THROUGH: |
Jay Fox, Executive Director |
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FROM: |
Kim Shanklin, Chief People Officer |
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PRESENTER(S): |
Carlton Christensen, Board Chair |
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TITLE:
title
R2024-03-06 - Resolution Approving Amendment Three to the Terms and Conditions of Employment for Executive Director Jay Fox
end
AGENDA ITEM TYPE:
Resolution
RECOMMENDATION:
Adopt Resolution R2024-03-06 to approve Amendment Three to the Executive Director Employment Agreement.
BACKGROUND:
The employment agreement with Mr. Fox establishes his salary and sets forth a minimum increase each year of three percent. The contract also includes the ability of the Board of Trustees to provide pay raises above the three percent, in which case the increase will be memorialized in writing and attached to the contract as an amendment.
DISCUSSION:
The Board of Trustees recently conducted the performance review for Mr. Jay Fox. In addition to the guaranteed three percent pay increase included in the terms of the current employment agreement, the Board of Trustees will provide an additional one percent increase to acknowledge his performance in 2023. This total of four percent increase takes Mr. Fox’s annual salary to $286,624.
ALTERNATIVES:
If not adopted, UTA will increase Mr. Fox’s pay by three percent as required by the current employment agreement.
FISCAL IMPACT:
The four percent wage increase is included in UTA’s 2024 approved operating budget.
ATTACHMENTS:
Resolution R2023-03-06