Subject: GM Employment Contract amendments for Y/E 2000 from 17Jun99 BoD Minutes: UPON A MOTION duly made, seconded and carried unanimously, it was resolved that a committee shall be struck, consisting of Grant Ball, Ellen Waterman and Barb Bell, to negotiate with the General Manager particulars of his contract, as provided by the employment agreement dated 14 Nov 1997, which shall be presented to the Board at the next meeting for their consideration. Personnel Committee Meeting: 27Jul99 Present Grant Ball, Ellen Waterman, Barb Bell and John Muir Recommendations; 1) The amount of compensation to be paid on or before 30 September 2004, in consideration, without prejudice, and as a fraction of salary, benefit and overtime waived during the year ending 31 August 1999, pursuant to the contract of employment executed on 14 Nov 1997 shall be set at $5,500. This sum shall be credited as a long term, Contract Obligation liability in the books of the Corporation. Both parties to the Contract Obligation shall negotiate a reasonable agreement as to the repayment or disposition of this debt on or before 31 May 2004. 2) The annual increase for the General Manager's salary and benefits shall be set at 1.6%, such that the annual salary shall be $27,076.40, the annual health benefit shall be $1,062.53, and the annual reimbursement for employee owned auto costs shall be $437.69, for the year ending 31 August 2000 pursuant to the employment contract dated 14 Nov 98. 3) The rate of reimbursement for approved out of town trips shall remain at $0.25/km 4) Trent Radio shall underwrite cable modem service for the General Manager's use. 5) It is recommended that Trent Radio seek new revenues for the funding of its paid staff, and that to this end, a plan to be prepared to hire and fund a development position. It is further recommended that the sum of $200 be set aside from the current fiscal year for contractual support in preparing this plan in advance of a grant application to the Trillium Foundation. It was noted that the General Manager shall schedule three weeks of paid time off in the three months following Y/E 99, pursuant to the contract of employment executed on 14 Nov 1997 Barb Bell, Ellen Waterman, Grant Ball and John K Muir *** end ***