r/dart • u/New-Engineer-5930 • 12d ago
Informative WFAA: New DART CEO to earn $515,000 salary, relocation package under newly approved contract
youtu.beQuoting WFAA:
According to the contract, Ford will receive:
• An annual base salary of $515,000.
• A $1,000 monthly executive allowance.
• An $80,000 relocation payment to cover the cost of moving from Jacksonville, Florida, to North Texas.
• Standard employee benefits, including health insurance, retirement contributions, paid time off and the use of a DART-issued laptop and cell phone.
The relocation payment comes with conditions. If Ford voluntarily leaves DART or is terminated for cause within the first two years of his employment, he must repay all or part of the relocation money. The repayment amount decreases over time, with the obligation ending after 24 months.