Common use of UNILATERAL SEVERANCE Clause in Contracts

UNILATERAL SEVERANCE. As one of the termination events specified above in Paragraph 6.1, the Council may end the employment relationship and terminate this Agreement at the pleasure of the Council, without good cause, upon written notice to the Manager as specified below and payment to the Manager of the Severance Amount (as defined below), the Severance Benefits (as defined below) and the Current Obligations (the "Unilateral Severance"). If the Council determines that it desires a Unilateral Severance it shall provide written notice to the Manager at least thirty (30) days in advance of the effective date of such termination, which specifies: (a) the Council has voted and there are five (5) affirmative votes to pursue a Unilateral Severance pursuant to this Paragraph 6.3 of the Agreement, (b) the effective date of the Unilateral Severance ("Severance Effective Date"), and (c) the City's commitment to pay the Severance Amount (including a specific line item breakdown of the items that constitute the total Severance Amount), the Severance Benefits and the Current Obligations. On or before the Severance Effective Date, the Manager may by written notice to the City direct that the Severance Amount be paid and payable in a manner directed by the Manager, provided that the total Severance Amount must be paid and payable on or before the first anniversary of the Severance Effective Date and there shall be no limitations on the City making all deductions and withholdings required by law. (d) In the event of voluntary or involuntary separation, except for separation due to illegal conduct, Manager shall be entitled to receive a lump sum payment equal to six (6) months compensation plus one month’s compensation for each year that the Manager has worked for the City since becoming City Manager January 1, 2015. Before voluntarily resigning his position Manager agrees to give the City at least sixty (60) days notice in writing of his intention to resign stating the reasons therefore.

UNILATERAL SEVERANCE. As one of the termination events specified above in Paragraph 6.1, the Council may end the employment relationship and terminate this Agreement Agreement, at the pleasure of the Council, whether with or without good cause, upon written notice to the City Manager as specified below and payment to the City Manager of the Severance Amount (as As defined below), the Severance Benefits (as As defined below) ), and the Current Obligations (the "“Unilateral Severance"”). If the Council determines that it desires a an Unilateral Severance Severance, it shall provide written notice to the City Manager at least thirty (30) days in advance of the effective date of such termination, termination and which specifies: : (a) the Council has voted and there are five (5) affirmative votes to pursue a an Unilateral Severance pursuant to this Paragraph 6.3 of the Agreement, ’ (b) the effective date of the Unilateral Severance (")”Severance Effective Date"”), and ; and (c) the City's ’s commitment to pay the Severance Amount (including a specific line item breakdown of the items that constitute the total Severance Amount), the Severance Benefits Benefits, and the Current Obligations. On or before the Severance severance Effective Date, the City Manager may by written notice to the City direct that the Severance Amount be paid and payable in a manner directed by the City Manager, provided that the total Severance Amount must be paid and payable on or before the first anniversary of the Severance Effective Date Date, and there shall be no limitations on the City making all deductions and withholdings required by law. (d) In . The salary portion of the event of voluntary or involuntary separation, except for separation due to illegal conduct, Manager “Severance Amount” described below shall be entitled to receive a lump sum payment equal to six (6) months compensation plus one monthdependent upon the City Manager’s compensation for each period of employment. For the first year that the City Manager has worked for is employed, the Severance Amount shall include an amount equal to the value of ( ) months of the City since becoming City Manager January Manager’s then current salary. For each additional twelve (12) months of employment, the salary portion of the Severance Amount shall increase by one (1, 2015) month. Before voluntarily resigning his position Manager agrees The salary portion of the Severance Amount shall be equaled to give no more than ( ) months of the City at least sixty (60) days notice in writing of his intention to resign stating the reasons thereforeManger’s then current salary.