SAVANNAH, Ga. (WTOC) - The recent termination of the CEO for Chatham Area Transit is expected to cost taxpayers about $90,000.
WTOC Investigates obtained a copy of the employment agreement, which explains how the severance works. It has to do with whether she was terminated “without cause” or for “cause.”
CAT Board chairman Chairman Deidrick Cody confirmed late Wednesday to WTOC the board terminated Mauldin “without cause.” It means Mauldin is entitled to a severance pay lump sum equal to six months of her base salary, according to language in the agreement. In other words, she’ll receive about $92,500 – which is half of her annual salary, plus any CAT retirement contributions and insurance premiums.
The lump sum payout must happen within 45 calendar days of the board’s vote, which WTOC Investigates calculated is on or about March 12.
The details are laid out in Section 12 of the employment agreement.
Read the full statement CAT Board chairman Chairman Deidrick Cody sent to WTOC when asked CAT to clarify whether Mauldin was fired for cause or without cause.
“The CAT Authority Board has no intention or desire to publically disparage Ms. Mauldin. For purposes of termination of her employment contract with Chatham Area Transit, and in accordance with the terms and requirements of that contract, the termination was technically deemed to be without “cause”, as that term is narrowly defined in the contract. However, the “employment at will” clause of the contract provides that it may be terminated for any reason or no reason. The contractually technical classification of the termination as “without cause” should not be construed to mean that the CAT Authority Board and its members voting to terminate the employment had no lawful rationale for termination, such as lack of confidence.”