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r r <br /> • <br /> EMPLOYMENT AGREEMENT <br /> This Agreement, made between David M. Childs, an individual resident of the <br /> State of. Minnesota (.hereinafter referred to as "Childs") , and the City of Saint <br /> Anthony, a Minnesota municipality (.hereinafter referred to as the "City") . <br /> WITNESSETH: <br /> WHEREAS, the City desires to employ Childs to render services for, and on <br /> behalf of, the City on the terms and conditions hereinafter set forth, and Childs <br /> desires to be retained and employed by the City on such terms and conditions. <br /> NOW, THEREFORE, in consideration of the premises and of the mutual covenants <br /> and agreements contained herein, the parties hereto hereby agree as follows: <br /> 1 . Employment. The City hereby employs Childs as its City Manager as such <br /> term is hereinafter defined, and Childs hereby accepts such employment and agrees <br /> to perform services for the City upon the terms and conditions set forth herein. <br /> • In such capacity, Childs shall devote his full time, attention, energy, and skill <br /> to the business of the City during such hours as established by the City to per- <br /> form his .obligations hereunder. In such capacity, Childs shall render such <br /> services in a good and business-like manner .and shall assume and perform such <br /> responsibilities and duties as are set forth on Exhibit A attached hereto and <br /> made' a part. hereof and such other reasonable responsibilities and duties as may <br /> be specified from time to time by the City. <br /> 2. Term.. . Unless earlier terminated in accordance with Section 7 hereof, the <br /> term of Childs ' employment hereunder shall commence January 1 , 1985 and shall <br /> continue for an initial period of one year. <br /> 3. Compensation. As compensation for Childs ' services hereunder, the City <br /> shall pay to Childs an annual salary of $37,000.00. <br /> 4. Manner of Payment. All compensation payable to Childs hereunder shall be <br /> subject to all required and authorized withholdings. The salary payable to Childs <br /> pursuant to Section 3 shall be payable in accordance with. the normal payroll pro- <br /> cedures established from time to time by the City. <br /> • In the event that Childs' employment is terminated either pursuant to paragraph <br /> (_a) or (b)_ of Section 7, Childs shall be entitled only to that compensation described <br />