Morasko’s contract on hold

Campbell County Memorial Hospital CEO Bob Morasko and the board of trustees have renegotiated Morasko’s contract.

Morasko’s contract, which was in effect until June of this year, was changed to allow a new board of trustees after the November election to decide if it wants to renew Morasko’s contract and on what terms.

“The termination date has been changed to December of 2012,” hospital attorney Tom Lubnau said Thursday night. “That way Mr. Morasko and the new board have an opportunity to sit down and negotiate” a new contract.

If the board or Morasko decide not to renew the contract, Morasko would stay on for a year in a consulting position to allow the board ample time to find a new CEO.

“The consulting arrangement is a more common arrangement that hospitals are adopting these days to facilitate a smooth transition in leadership,” Lubnau said. “We’ve adopted that type of relationship.”

“If I do leave, or if they renegotiate with the new board, I’ll have a 12-month consulting contract,” Morasko said. “If the new board gets elected and it isn’t worked out by December, then I would do consulting for 12 months. And if it gets worked out, then we renegotiate.”

If Morasko’s contract is not renegotiated, his pay would drop to about $200,000 for the year, which is $60,000 less than he is now paid. Along with being paid less, Morasko’s benefits would be eliminated.

Along with setting a time for the new board and Morasko to negotiate a new contract, the bonus provision in his contract has been eliminated. If the bonus provision hadn’t been removed, and Morasko’s contract would not be renewed, he still would have been entitled to a bonus next year.

“If I leave, if we don’t negotiate in December, it wouldn’t be logical to be paid a bonus to go,” Morasko said.