COMPENSATION AND REIMBURSEMENT POLICY
Pursuant to and in accordance with the Not-For-Profit Corporation Law of the State of New York, the members of the board (the “Board”) of the Cattaraugus County Land Bank Corporation (the “Corporation”) shall serve without salary at the pleasure of Cattaraugus County, New York (the “County”) but may be reimbursed for reasonable expenses incurred in the performance of Corporation duties at the approval of the Board. The officers, employees and agents of the Corporation shall serve at the pleasure of the Corporation at such compensation levels as may be approved by the Board from time to time and may be reimbursed for reasonable expenses incurred in the performance of Corporation duties at the approval of the Board. The members of the Board and officers of the Corporation shall be available as required to perform the operations of the Corporation and as set forth within the By-Laws of the Corporation, as may be amended, restated or revised by the Board from time to time. Said members and officers of the Corporation shall put forth their best efforts to perform their respective duties as outlined in the By-Laws of the Corporation and any other directives of the Board relating to same.
Date Adopted: 10/12/2016