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3 . Compensation. As compensation for Childs ' services <br /> hereunder, the City shall pay to Childs an annual salary of Thirty- <br /> one Thousand Dollars ($31 ,000 . 00) . <br /> 4 . Manner of Payment. All compensation payable to Childs <br /> hereunder shall be subject to all required and authorized withholdings . <br /> The salary payable to Childs pursuant to Section 3 shall be payable <br /> in accordance with the normal .payroll procedures established from <br /> time to time by the City. <br /> In the event that Childs ' employment -is terminated either <br /> pursuant to paragraph (a) or (b), of Section 7 ,. Childs shall be <br /> entitled only to that compensation described in Section 3 which has <br /> accrued prior to the date of termination,. .plus all .amounts payable <br /> pursuant to Section .6 relating to fringe- benefits which- have accrued <br /> priorto the date of such .termination. <br /> 5 . Automobile Allowance. During Childs ' employment <br /> under this Agreement, Childs shall provide an automobile for his use <br /> in performing his. duties -and responsibilities hereunder. In <br /> consideration therefor, the City shall -pay to Childs on a monthly <br /> • basis an allowance of One Hund-red Fifty Dollars ($150 .00) per month <br /> to defray the cost and expense of Childs ' use of such automobile for <br /> purposes of City business . The cost or expense of maintaining, <br /> insuring, and repairing the automobile .used by Childs in performing <br /> his duties and responsibilities hereunder shall be borne by Childs . <br /> 6 . Fringe Benefits . The City agrees to contribute the <br /> sum of Two Hundred Dollars (,$200 . 00) per month for insurance benefits <br /> on behalf of .Childs ; and the balance thereof shall be allocated to <br /> medical and .hospitalization. insurance premiums - for Childs ' dependent <br /> coverage. The City also agrees to contribute on a monthly basis, to <br /> the retirement plan of Childs ' choice a .sum. equivalent to the amount <br /> which. the City would be obligated to contribute by law to the Public <br /> Employment Retirement Association ("PERA") . . Childs shall earn and accrue <br /> one day= ,- of -vacation with pay. - for each one month period of employment <br /> completed- hereunder and during the term of ' this Agreement, and that . <br /> Childs may elect to be- compensated in lieu of time off not to exceed <br /> 1/2 of vacation days accrued in a calendar year. Childs shall <br /> • also .be entitled to all such holidays recognized by the City <br /> -2- <br />