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- 2 - <br /> <br /> 6. ~S~l!ry: $40,000.00 per year effective February <br /> <br />1986, $61,600.00 per year effective February 1, 1987, and <br /> <br />$43,200.00 per year effective February ~, 1988. Future salary <br /> <br />adjustments to be negotiated to be effective February ], of each <br />year. <br /> <br /> 7. FICA: The contributions required by Federal <br /> <br />and State law to FICA shall be made by the Employer and' <br />Employee. <br /> <br /> 8. ~f~r~ed Com~em~at~om: The Employer shall <br /> <br />execute t~e necessary agreement allowing Employee to enroll in a <br />Deferred ComPensation Plan of the Employee's choosing. Employer <br />agrees to Contributing an amount equal to five percent (5%) of <br />Employee'~ annual salary to said Deferred Compensation Plan. <br />AdditionaI contributions to the Deferred Compensation Plan may <br />be made bY the Employee at the Employee's discretion. <br /> <br /> 9. ~msU~amee: The Employer will provide $140.00 <br /> <br />per month to be applied toward the cost of health and major <br />medical insurance of the Employee's choosing. Unused monthly <br />health and major medical benefits shall be paid to the Employee <br />annually net iof all taxes. <br /> <br /> Effective with this agreement, a disability insurance <br />policy shall~be provided to the Employee providing coverage at a <br />minimum of sixty percent (60%) of the Employee's salary at the <br />time of d£sability. The full cost of coverage will be paid by <br />the Employer. <br /> <br />Therefore, the Employer shall be the owner of the <br />disability insurance policy and shall be entitled to receipt of <br /> <br /> <br />