A. 
The town manager shall earn severance pay to be paid only upon separation from employment or if not reappointed at the organizational meeting of the governing body.
B. 
The town manager may negotiate up to three (3) months (90 days) severance commencing at hire. The town manager and (if a full-time employee) the town attorney shall earn additional severance pay benefits, in addition to their basic compensation, at the rate of thirty (30) days’ base pay for each year of satisfactory service to the town, commencing at the completion of the second year as follows:
At the completion of their second year of service to the town: Thirty (30) days earned.
At the completion of their third year of service to the town: Thirty (30) days earned.
At the completion of their fourth year of service to the town: Thirty (30) days earned.
C. 
The maximum accrual benefit that can be earned by the town manager shall be one hundred eighty (180) days. Negotiations for the town manager shall be made with the mayor.
D. 
The assistant town manager may negotiate up to three (3) months (90 days) severance commencing at hire. The assistant town manager shall earn additional severance pay benefits, in addition to their basic compensation, at the rate of thirty (30) days’ base pay for each year of satisfactory service to the town, commencing at the completion of the second year, as follows:
At the completion of their second year of service to the town: Thirty (30) days earned.
At the completion of their third year of service to the town: Thirty (30) days earned.
At the completion of their fourth year of service to the town: Thirty (30) days earned.
The maximum accrual benefit that can be earned by the assistant town manager shall be one hundred eighty (180) days. The assistant town manager shall be a non-appointed classified employee. Negotiations for the severance and compensation of the assistant town manager shall be made with the town manager.
E. 
The finance director shall establish a special agency fund, and deposit therein, an amount sufficient to pay the severance pay benefits that may be reasonably estimated to be due each fiscal year. No expenditures may be made from this fund unless the human resources director/personnel administrator certifies that the employee has been terminated pursuant to this title. Payment shall be made to this employee by the town as provided in section 3.90.140 of this title.
F. 
In the event of termination of the town manager, town attorney (if a full-time employee), or assistant manager, the town shall also cause to be paid to him/her any personal leave pay which he/she may have accrued, subject to the limitations of the personnel policy and the terms of the employment contract in effect at the time.
G. 
In the event the town manager, town attorney (if a full-time employee), or assistant manager voluntarily resigns his/her position with the town before expiration of the aforesaid term, then the town manager shall give the town a minimum of four (4) weeks’ notice in advance, unless the parties otherwise agree. Voluntary resignations shall automatically result in forfeiture of the severance pay, unless otherwise specified in the employment contract of the employee.
(Ordinance 18-01 adopted 2018)
A. 
Department director is a management position and is exempt from overtime pay requirements under the FLSA administrative exemption.
B. 
Department directors eligible for and accumulating severance under the town personnel policies adopted prior to this adoption date shall continue to be eligible for severance and entitled to their accumulated severance per those policies until separation. Department directors employed on or after the date of adoption of this title shall not be eligible for nor accumulate severance unless otherwise approved by the town manager and council.
(Ordinance 18-01 adopted 2018)