Current Obligations. The "Current Obligations" includes all salary and benefits under this Agreement payable or otherwise owing by City to Manager through and including the Severance Effective Date. Conditioned upon the City fulfilling its obligations to pay the Severance Amount, the Severance Benefits and the Current Obligations, upon a Unilateral Severance, the Manager must waive and release Manager's rights to continued employment with the City and any other claims and the parties waive and release the right to an arbitration hearing on any and all issues, claims or causes of action. In the event of a Unilateral Severance, the parties agree not to make disparaging comments or statements about each other.
Appears in 2 contracts
Sources: City Manager Employment Agreement, City Manager Employment Agreement