Reso 1999-177 - Laserfiche WebLink

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3. RESIGNATION AND TERMINATION. (a) Employee may resign at any time with or without cause and agrees to give City at least 60 days advance written notice of the effective date of his resignation. (b) Subject to the provisions of the Charter, City may at any time terminate Employee upon 30 days advance written notice. (c) The parties recognize and affirm that: 1) Employee is an "at will' employee whose employment may be terminated by the City without cause, and 2) there is no express or implied promise made to Employee for any form of continued employment. This Agreement is the sole and exclusive basis for an employment relationship between Employee and City. 4. SEVERANCE PAY. If Employee is terminated by the City Council while still willing and able to perform the duties of City Manager, City agrees to pay Employee a cash payment equal to six (6) months salary. At the option of the Employee, the cash payment may be paid in (1) lump sum upon date of termination; or (2) lump sum on January 1 of the calendar year following termination. Such payment will release City from any further obligations under this Agreement. Provided however, if Employee is terminated because of conviction of any criminal offense, then City shall have no obligation to continue the employment of Employee or to pay the severance set forth in this paragraph. 5. SALARY. (a) For calendar year 2000, City agrees to pay Employee $11,300 in salary per month for his services, payable in installments at the same time and manner as for other employees of the City. Salary payments shall be subject to customary withholding for taxes and applicable benefit contributions. (b) For calendar year 2001, and following a favorable performance evaluation based upon the attached performance indicators (Exhibit A hereof) City agrees to pay Employee $11,750 in salary per month. (c) Subject to an annual evaluation of performance prior to the end of each calendar year of this Agreement and based upon extraordinary performance of Council approved performance indicators (Exhibit A hereof), City may pay Employee a bonus of up to 10% of annual salary.