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hours set forth in the Administrative Policy Manual. The payout of vacation leave upon separation of employment will be as set forth in the Administrative Policy Manual. The County Administrator will accrue sick leave in accordance with the sick leave policy set forth in the Administrative Policy Manual. The payout of sick leave upon separation of employment will be as set forth in the Administrative Policy Manual. County Administrator will be eligible for participation in the group benefit program in the same manner offered to all full-time, regular non -contract eligible employees. County will provide the County Administrator a County cell phone or cell phone stipend as set forth in the Administrative Policy Manual. 7. Residency. The County Administrator shall become a resident of Indian River County by December 31, 2023 or within 60 days of issuance of a certificate of occupancy for County Administrator's currently owned property, whichever is earlier. County Administrator shall maintain residency for the duration of his employment as County Administrator under this Agreement. S. Term. This Agreement is from the Commencement Date set forth above until Ab-; 2026. This Agreement is not continuing in nature. The County Administrator shall schedule the renewal of County Administrator's Agreement as an item for consideration by the Board at a meeting to be held no later than 90 days' prior to expiration of the Agreement. 9. Termination. This Agreement may be terminated by County Administrator at any time and for any reason by resignation with 60 days' written notice, in which case County Administrator will be paid through the last day worked, or by the County, at any time or for any reason, by giving County Administrator notice of termination A. Termination without Cause. The Board may, at any time whatsoever, terminate the employment of the County Administrator, without cause. Upon such termination, The County Administrator will be entitled to: 1) a severance payment as set forth in Section 10 below; and 2) a lump sum payment at his then -hourly rate of base salary as County Administrator for all annual leave hours accumulated but unused as of the date of termination, not to exceed the maximum accrual provided in the County's Administrative Policy Manual applicable to all other full-time, regular non -contract eligible employees of the County. County Administrator will continue deductions for insurance benefits and pension during the period of severance and County will continue to make applicable insurance and pension contributions during the period of severance. B. Termination for Cause. The Board may also, for cause, terminate the employment of the County Administrator at any time whatsoever. The County Administrator shall be entitled to a hearing if, within five (5) business days of termination for cause, County Administrator so requests in writing to the County Attorney. In the event the County Administrator's employment is terminated for cause, the County shall be under no obligation to pay severance pay described under subsection A above and Section 10. The term "for cause" shall F:IAttomeplE yionlConnp, Administrator Contmct - 2023.docs 3