Termination by Board. Subject to the concurrence of the Mayor, the Board may at its option terminate the employment of the Chief Executive Officer at any time, by written notice of not less than sixty (60) days to the Chief Executive Officer. In such case, the District shall not be obligated to make any payments to the Chief Executive Officer, beyond salary earned prior to the termination date and the payment of accrued unused vacation leave as set forth in Section IV-E of this Contract. Should the Board, subject to the concurrence of the Mayor, terminate the employment of the Chief Executive Officer for either 1) the embezzlement, misappropriation or misuse of funds; or 2) involvement in any activity which, if proved in a criminal prosecution, would result in the conviction of a felony or other crime involving dishonesty or moral turpitude, the termination shall be effective immediately without the requirement of sixty (60) days notice.
Appears in 2 contracts
Sources: At Will Employment Contract, At Will Employment Contract