(a) General rule.--The council of a borough may, at its discretion at any time, create by ordinance the office of borough manager and may, in like manner, abolish the office. While the office exists, the council shall, from time to time, and if there is a vacancy, elect, by a vote of a majority of all the members, one individual, partnership, limited partnership, association or professional corporation as the borough manager.
(b) Subject to agreement.--The borough manager shall serve at the pleasure of council, subject to contractual rights that may arise under an employment agreement or professional services agreement that may be entered in accordance with section 1142 (relating to powers and duties).