Humboldt General Hospital’s board of trustees voted to approve the general terms of a contract with their choice to fill the CEO position. Art Frable has already accepted the offer of employment from HGH, pending approval of contract provisions.
The preliminary contract approved by the board outlines general terms including compensation, health benefits, paid time off, expenses that are eligible for reimbursement, and a relocation allowance. Upon Frable’s return of his signature on the letter with basic terms of employment, a comprehensive employment agreement will follow that will cover, in great detail, every particular.
One of the items in this general contract surprised the board. Frable agreed to the provision that, in effect, will put the new CEO on a probationary basis for six months, subject to termination, without any severance allowance. Although they expressed confidence that Frable was the right choice for CEO, they were pleased that Frable was willing to agree to that six-month trial period.
The compensation offered in Frable’s contract is $250,000 yearly. Health insurance will be offered, free of charge to Frable himself. He may pay to have his wife covered under HGH’s insurance plan as well. Coverage begins on Frable’s hire date. The first day of employment noted in the contract is Wednesday, Nov. 1.
Frable has been offered $10,000 for IRS-approved moving/relocation expenses. Those expenses can be reimbursed either directly to a moving company or by turning in receipts for costs. The expense will have to be repaid on a pro-rata basis if Frable stays on the job for less than two years.
Board and staff members present at the Sept. 26 meeting, where the contract was approved, were pleased to be one step closer to having their CEO in Winnemucca and on the job.
