Physician Retention Agreement Approved with Dr. John Cullen
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Description
City of Valdez approved a five-year Physician Retention Agreement with Dr. John Cullen, providing up to $60,000 annually in quarterly payments as retention incentives, totaling up to $300,000. Payments are contingent upon continued full-time service in Valdez.
Contract Details
Contract Amount
$15,000 per quarter, up to $60,000 per year; total up to $300,000 over 5 years
Vendor
CULLEN, JOHN
Agency
City of Valdez, AK
Contract Type
PROFESSIONAL_SERVICES
Document Date
June 2, 2026
Contract Term
Five years from execution (60 months)
Renewal Date
2031-06-02
Renewal Info
Agreement effective for five years; maximum of 20 quarterly payments. Repayment required if physician resigns prior to quarter's completion. Extensions subject to council approval beyond initial term.
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