Submitted by Richard Bunce (not verified) on Fri, 12/14/2012 - 11:51am.
Short time remaining? Contract was agreed to March 2011 and the agreement was through August 2014. That would be 3 1/2 years. That would be through the end of that Councils 2 year session, the next Councils (this Council) 2 year session and well into a 3rd Councils 2 year session. So you would be OK if this Council signed their manager to a lifetime contract with a $1M severance package if terminated for any reason?
Managers Contract
Short time remaining? Contract was agreed to March 2011 and the agreement was through August 2014. That would be 3 1/2 years. That would be through the end of that Councils 2 year session, the next Councils (this Council) 2 year session and well into a 3rd Councils 2 year session. So you would be OK if this Council signed their manager to a lifetime contract with a $1M severance package if terminated for any reason?
http://www.oakislandnc.com/Packet_Many/12NB3811.pdf