Title
Amendment No. 3 to CEO Employment Agreement
Body
Agenda of: May 28, 2026
Item No.: 2026-214
Amount: N/A
TO: The Honorable
Board of Directors
Great Lakes Water Authority
FROM: William M. Wolfson
Deputy Chief Executive Officer
Great Lakes Water Authority
DATE: May 25, 2025
RE: Amendment No. 3 to CEO Employment Agreement
MOTION
Upon recommendation of William M. Wolfson, Deputy Chief Executive Officer, and Phyllis Hurks, General Counsel, the Board of Directors (Board) of the Great Lakes Water Authority (GLWA):
1. Approves the attached Amendment No. 3 to the CEO Employment Agreement; and
2. Authorizes the Board's Chairman and GLWA General Counsel to take such other action as may be necessary to accomplish the intent of this vote.
BACKGROUND
On June 26, 2022, the Board entered into an Employment Agreement (Agreement) with Suzanne R. Coffey to serve as the GLWA's Chief Executive Officer (CEO). That Agreement provided for a performance-based bonus. (Section 5.1 and Attachment B). On June 26, 2024, the Board subsequently approved Amendments No. 1 and 2 to that Agreement. This Amendment, No. 3, amends that Agreement to update and replace the current Attachment B. The purpose of this Amendment is to update the Bonus Plan contained in Attachment B, III, increasing the bonus from Six Thousand Dollars ($6,000) to Seven Thousand Five Hundred Dollars ($7,500) for an evaluation of "meets expectations" and from Twelve Thousand Five Hundred Dollars ($12,500) to Fifteen Thousand Six Hundred and Twenty-five Dollars ($15,625) for an evaluation of "Exceeds expectations." All other provisions of Attachment B remain unchanged.
JUSTIFICATION
The Board employs the GLWA CEO who is responsible for the day-to-day operations of the utility.
BUDGET IMPACT
The projected costs associated with Amendment No. 3 to the CEO's Employment Agreement can be accommodated within the budget adopted by the Board.
COMMITTEE REVIEW
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