4.10 SR 11-07-2022 - Laserfiche WebLink

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WHEREAS, the City and Employee mutually desire to set forth the terms and conditions under which Employee will separate his employment. NOW THEREFORE, in consideration of the recitals and promises made herein, the parties agree as follows: Non-Admission. It is expressly understood and agreed that this Agreement shall not constitute and shall not be construed as an adjudication or finding on the merits of any claim or potential claim by Employee. Nor does this Agreement constitute or construe an admission of wrongful conduct or liability on the part of the City or its current or former officials, employees, volunteers, agents, representatives, or affiliates. 2. Pavment. In settlement and consideration for the release of any and all claims, grievances, or complaints, asserted or unasserted, the City agrees to pay Employee the total sum of Eighty Thousand Dollars ($80,000.00) ("Settlement Payment"). The Settlement Payment shall be made during the first week of January 2023 and the City shall issue Employee an IRS Form W-2 for 2023 with respect to the Settlement Payment 3. Se�aration Benefits: The City agrees to provide the following separation benefits to Employee, subject to the consideration provisions below. a. Pavout of earned and accrued Vacation/Sick/Com�ensatory Time. The City will pay Employee the following before the end of 2022: i. A lump sum payment of 40 hours of earned compensatory time per the Labor Agreement at the 2022 pay rate;