§ 5.1.1. Employment contract.
The commission may enter into an employment contract with the city manager which shall be in writing and shall specify the compensation to be paid to the city manager, including any procedure for changing the compensation, any fringe benefits and any other conditions of employment. The employment contract may extend beyond the terms of the members of the commission. The contract with the city manager shall state that the city manager serves at the pleasure of the commission. The employment contract may provide for severance pay or any other benefits in the event the employment of the city manager is terminated at the pleasure of the commission.