No former elected official shall accept any position of employment or management for compensation, or act as a director or officer for compensation of any organization or entity which: a) receives more than fifty percent (50%) of its funding from the city, as determined by the city; or b) has fifty percent (50%) or more of its board members, officers or directors appointed by the city council; provided, however, that such prohibition shall only be applicable for the following time periods after leaving city office:
A. For elected officials who leave office prior to October 1, 2016, for a period of two (2) years after leaving city office; or
B. For elected officials who leave office on or after October 1, 2016, for a period of four (4) years after leaving city office. (Ord. 16-O-2707, eff. 9-30-2016)