Title
Resolution - Review of 2024 Corporate Initiatives and CEO Action Items with Consideration of Performance Bonus - T Cox
Other Info
Submitted By: Travis Cox
Department: Board of Directors
Financial Impact and Cost/Benefit Considerations: As discussed in Executive Session.
Discussion
The Board of Directors considers the Chief Executive Officer’s (CEO) the Corporate Initiatives and CEO Action Items, along with the CEO performance bonus annually. Under the CEO’s Employment Agreement, the Board considers the achievement of the goals agreed to by the Board in its determination of whether to grant a bonus.
Body
WHEREAS the CEO's performance bonus is based on the current year's goals and objectives; and
WHEREAS the Board of Directors conducted its annual performance bonus evaluation of the CEO this day;
NOW THEREFORE BE IT RESOLVED BY THE BOARD OF DIRECTORS that the CEO's performance bonus is approved as discussed this day in Executive Session.