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FIRST AMENDMENT TO AGREEMENT BETWEEN THE CITY OF LITTLE CANADA AND JOEL HANSON This document is the First Amendment to the Agreement, dated November 8, 1989, between the City of Little Canada and Joel Hanson. This document amends the following described paragraphs of said Agreement of November 8, 1989. All other provisions of the Agreement of November 8, 1989, remain in full force and effect. Paragraph 2, entitled "Salary ", is amended to read as follows: BASE SALARY and Compensation Adjustments. The City of Little Canada agrees to pay Hanson a salary of $82,676 per year commencing January 1, 2001. As of January 1, 2002, the City of Little Canada agrees to pay I- Ianson a salary of $85,000. $5,000 of the $85,000 will be paid as deferred compensation in 2002 as provided in Paragraph 3 below. The City Council agrees to conduct performance reviews and to review Hanson's compensation prior to , 2002. Paragraph 3, entitled "Deferred Compensation ", is amended to read as follows: 3. DEFERRED COMPENSATION. The City shall execute the necessary documents to allow Hanson to enroll in a deferred compensation plan selected by agreement of the City and Hanson. The City agrees to contribute an amount equal to the percentage the City would pay to PERA on behalf of Hanson, and to contribute $5,000 to said deferred compensation plan in 2002. Paragraph 10, entitled "Termination and Severance Pay", is amended to read as follows: 10. TERMINATION AND SEVERANCE PAY. In the event that Hanson is terminated by the City Council during such time that Hanson is willing and able to perform the duties of City Administrator, then in that event, the City agrees to pay Hanson a lump sum cash payment equal to six months of wages. Any 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 compensation shall be given for any unused sick leave. 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. If the City at any time during the employment term reduces the salary or other financial benefits of 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 provision in this Agreement benefiting Hanson, then Hanson may, at his option, be