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SECTION 4. ANNUAL COMPENSATION For all services rendered by Administrator, Administrator shall be paid a salary of one hundred sixty-eight thousand five hundred dollars annually, payable in 26 biweekly installments of $6,480.77, as adjusted for necessary deductions. In addition to salary, Administrator's compensation includes a car allowance of $275 monthly. Administrator's salary shall be increased by any cost -of -living increase granted other county employees. SECTION 5. ADDITIONAL BENEFITS County provides employees with a number of benefits that are set forth in the Indian River County Administrative Policy Manual. These rights and benefits are available to Administrator on the same terms and conditions that they are available to a full-time, regular non -contract employee; provided, however, specific terms of this employment agreement shall control and govern if there is any conflict with benefits and rights afforded under the County Administrative Policy Manual. County shall pay all professional dues, continuing education, subscriptions, and certification fees for Administrator including International City Managers Association, Government Finance Officers Association, and others deemed relevant or appropriate by the Administrator. The term continuing education includes travel, lodging, and per diem expenses. Under State law it is compulsory for Administrator to be included in the "Senior Management Service Class" of the Florida Retirement System. County agrees to make contribution into a county approved deferred compensation program equal to the maximum contribution allowable by law. County shall also provide Long Term Disability Insurance for Administrator and health insurance dependent care coverage. County Administrator may elect, once per calendar year, to submit to a complete physical examination, including a cardio -vascular examination, by a qualified physician selected by the county administrator, the cost of which shall be paid by the County. County agrees to provide and pay for a cell phone and pager for the County Administrator The County Administrator shall select a cell phone plan most appropriate to conduct the affairs of the County, the standard cost of which shall not exceed $100.00 per month. SECTION 6. CONTRACT The Administrator acquires no property rights in employment but has only the contractual rights set forth or incorporated by reference in this employment agreement. SECTION 7. TERMS The employment contract is for one year from the commencement date written above. The contract is not continuing in nature and must be renewed on an annual basis. Renewals shall be under the same terms as this agreement or as otherwise agreed to by the parties, except that Section 4. Annual Compensation may be increased. County shall provide Administrator at least 90 days written notice in the event of non -renewal. Page 2 of 3