RES 86-010 RESOLUTION AUTHORIZING THE MAYOR OF THE CITY OF ST. ANTHONY TO EXECUTE THE EMPLOYMENT AGREEMENT BETWEEN DAVID M. CHILDS AND THE CITY OF ST. ANTHONY

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-2- In the event that Childs' employment is terminated either pursuant to paragraph • (a) or (b) of Section 7, Childs shall be entitled only to that compensation describedJ. in Section 3 which has accrued prior to the date of termination, plus all amounts payable pursuant to Section 6 relating to fringe benefits. which have accrued prior to the date of such termination. 5. Automobile Provision. During Childs' employment under this Agreement, Childs shall provide an automobile for his use in performing his duties and responsibilities hereunder. The cost or expense of maintaining, insuring, and repairing the automobile used by Childs in performing his duties and responsibilities hereunder shall be borne by Childs. In consideration therefore, the City shall pay to Childs the sum of $150.00 per month to defray the cost and expense of Childs' use of such automobile for purposes of City business. 6, Fringe Benefits. The City agrees to pay to Childs the sum of $200.00 per month for insurance coverage and costs. The City also agrees to contribute on a monthly basis, to the retirement plan of Childs' choice a sum equivalent to the amount which the City would be obligated to contribute by law to the Public Employment Retirement Association (_."PERV) . Childs shall earn and accrue one (1 ) • day of vacation with pay for each one month period of employment completed here- under and during the term of this Agreement. Childs shall also be entitled to all such holidays recognized by the City and granted to other employees of the City. In addition, Childs shall be entitled to such other benefits granted to similar employees of the City in accordance with the customs and practices established by the City as they may change from time to time. 7. Termination. Notwithstanding any contrary provisions hereinbefore con- tained, this Agreement and the rights and obligations of the City and Childs hereunder may be terminated by either party hereto upon the occurrence of any one of the following events: (a)_ In the event of Childs ' death; or Cb)_ In the event either party gives the other party written notice of its desire to terminate Childs' employment hereunder, which notice shall specify a date for termination of employment hereunder at least 30 days from and after the date of delivery of such notice to the other party.