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City agrees to pay Hanson a lump sum cash payment equal to six months of wages. Any <br />severance payments will be made without a matching deferred compensation payment from <br />the City. In addition to said severance pay, Hanson shall be paid for any unused vacation. <br />Hanson shall be compensated for <br />unused sick leave pursuant to the City's Personnel Policy, Section 18 - Severance Pay. <br />However, in the event Hanson is terminated because of his conviction for any illegal act <br />involving personal gain to himself, then the City shall have no obligation to pay the severance <br />pay, accrued and unused vacation or sick leave provided in this paragraph. <br />B. If the City at any time during the employment term reduces the salary or other <br />financial benefits to Hanson in a greater percentage than across- the -board reduction for all <br />City employees, or if the City refuses, following written notice, to comply with any other <br />provisions of this Agreement benefiting Hanson, then Hanson may, at his option, be deemed <br />to be "terminated" on the date of such reduction or refusal to comply with the provisions of <br />this Agreement. In this event, Hanson shall be entitled to severance pay in accordance with <br />this Agreement. <br />C. If Hanson voluntarily resigns his position with the City, Hanson agrees to give the <br />City 45 days advance notice. If Hanson voluntarily resigns his position with the City, there <br />shall be no severance pay due to Hanson. In this event, Hanson will be paid for any unused <br />vacation pay and sick leave at the same rate allowed other employees with similar longevity. <br />D. In consideration for the commitments of the City in this Second Amendment s to <br />January 1, 2002. <br />d <br />5 <br />