08-08-2007 Council Agenda - Laserfiche WebLink

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severance payments will be made without a matching deferred compensation payment from the City. In addition to said severance pay, Hanson shall be paid for any unused vacation. No c mpcnsation shall be given f r any unu.,c,d sick leave. Hanson shall be compensated for unused sick leave pursuant to the City's Personnel Policy, Section 18 - Severance Pay. However, in the event Hanson is terminated because of his conviction for any illegal act involving personal gain to himself, then the City shall have no obligation to pay the severance pay, accrued and unused vacation or sick leave provided in this paragraph. B. If the City at any time during the employment term reduces the salary or other financial benefits to Hanson in a greater percentage than across - the -board reduction for all City employees, or if the City refuses, following written notice, to comply with any other provisions of this Agreement benefiting Hanson, then Hanson may, at his option, be deemed to be "terminated" on the date of such reduction or refusal to comply with the provisions of this Agreement. In this event, Hanson shall be entitled to severance pay in accordance with this Agreement. C. If Hanson voluntarily resigns his position with the City, Hanson agrees to give the City 45 days advance notice. If Hanson voluntarily resigns his position with the City, there shall be no severance pay due to Hanson. In this event, Hanson will be paid for any unused vacation pay and sick leave at the same rate allowed other employees with similar longevity. D. In consideration for the c mmitmcnts of the City in this Second Amendment s t salary, compensation adjustments, and severance pay, Hanson agrees to a two year employment contract as City Administrator for the City of Little Canada, commcncing January 1, 2002. 11. RELOCATION EXPENSES. The City of Little Canada agrees to pay actual expenses not to a 5-