National Youth Development Agency Act, 2008 (Act No. 54 of 2008)14. Employment contract and performance agreement of Chief Executive Officer |
| (1) | The Board must conclude a written performance agreement with the Chief Executive Officer— |
| (a) | within a reasonable time after the appointment of the Chief Executive Officer; and |
| (b) | thereafter, annually within one month of the commencement of each financial year. |
| (2) | The performance agreement must include— |
| (a) | measurable performance objectives and targets that must be met, and must provide for the time-frames within which those performance objectives and targets must be met; |
| (b) | standards and procedures for evaluating performance and intervals for evaluation; and |
| (c) | the consequences of substandard performance. |
| (3) | The employment contract of the Chief Executive Officer must incorporate in an appropriate form, section 57 of the Public Finance Management Act. |