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He has an "evergreen" contract for a salary of more than $1 million a year, renewed automatically unless the studios decide otherwise.
Mr. Masur worked under a so-called evergreen contract whose third year came up for renewal annually: that is, Mr. Masur always had two years' warning of any change.
Peterson said the council accepted the evergreen contract in 2006 over advice from the city Finance Commission.
The Huntington Beach City Council took steps Monday night toward ending its "evergreen" contract with the city's trash collector, Republic Services.
Delgleize said Rainbow proposed an evergreen contract to protect itself at a time when recycling was starting to take off and the company wanted to invest in refurbishing its equipment.
We are not going to be able to maintain that approach... as far as we're concerned, this is the next best thing we can do". The directors approved a six-year evergreen contract — meaning it is automatically renewed at the end of that period — with CR&R; Waste and Recycling Services.
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Mr. Galante's companies still use the "evergreen" contracts that have been outlawed in Westchester and New York City.
Edward Beane, a lawyer for Mr. Galante, said evergreen contracts are legal and are used in industries besides waste hauling, including elevator service.
In addition to locking out competitors, the mob-backed companies used "evergreen" contracts that renewed themselves automatically for five years if the customer did not terminate them shortly before the end date.
A toast for an evergreen consulting contract with fruitful results!
He also said the contract's evergreen clause should've been voided when Republic obtained Rainbow.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com