(a) In appropriate situations, the Village Manager is hereby authorized to waive limitations on fringe benefits, enter into agreements, and enter into settlements with Village employees at the time of their separation from Village employment. The standard to be used by the Village Manager is that such waiver, agreement or settlement is fair to the employee and in the best interest of the Village.
(b) “Separation from Village employment”, as used in this section, shall include retirement, resignation, death, termination for cause, termination without cause and any other kind of severance of employment with the Village.
(c) All such waivers, agreements and settlements shall first be approved by the Finance Director and Law Director.
(d) If the necessary Village officials cannot agree on a waiver, agreement or settlement, or if the waiver, agreement or settlement exceeds an additional cost to the Village of five thousand dollars ($5,000.00), the matter shall first be approved by Council.
(e) Any prior waivers, agreements and/or settlements entered into prior to the effective date of this ordinance are hereby ratified and confirmed.
(Ord. 1072. Passed 10-28-96.)