Laserfiche WebLink
ADDENDUM TO DEPUTY COUNTY ADMINISTRATOR <br />EMPLOYMENT AGREEMENT <br />THIS ADDENDUM made and entered into this 4�day of January 2025 by and between <br />John A. Titkanich, in his capacity as the County Administrator for Indian River County, Florida, <br />(hereinafter "ADMINISTRATOR") and Michael C. Zito, (hereinafter "DEPUTY"). <br />WITNESSETH: <br />WHEREAS, the ADMINISTRATOR and the DEPUTY entered into an Employment <br />Agreement dated June 20, 2023 (hereinafter "Agreement"); and <br />WHEREAS, the parties desire to amend the Agreement to provide additional compensation <br />to the DEPUTY in the form of an annual contribution to his 457 deferred compensation plan. <br />NOW, THEREFORE, in consideration of the mutual covenants herein contained, Section <br />6 of the Agreement entitled "Additional Benefits" is hereby amended to add this additional <br />language: <br />County agrees to make an annual contribution into the DEPUTY'S County 457 deferred <br />compensation plan equal to 50 percent of the normal annual contribution limit and the catch-up <br />contribution limit (for those aged 50 and older). However, the County does not agree to participate <br />or contribute toward contributions made by DEPUTY related to special catch up or double limit <br />provisions. The contributions will be made on a biweekly basis based on the number ofpay periods <br />by year. These contributions shall cease when this Agreement terminates. <br />IN WITNESS WHEREOF, the parties have caused this Agreement to be duly executed <br />at Vero Beach, Florida, on the date set forth below. <br />CO Y ADMINISTRATOR <br />1X;1 <br />ohn A. Ti kanich <br />Date approved: January /-�, 2025 <br />DEPUTY COUNTY ADMINISTRATOR <br />is el C. Zito <br />