Common use of Termination by Authority Clause in Contracts

Termination by Authority. Termination of this Agreement shall require three affirmative votes of the Board of Directors of the Authority. Notwithstanding the foregoing, it is also understood and agreed that the City Manager shall be retained for a minimum of three (3) months following any municipal election, where at least one new Director is elected, thereby allowing the new Board of Directors adequate time to assess the City Manager's performance. In the event the City Manager is terminated by the Board of Directors before expiration of the term of employment and during such time that the City Manager is willing and able to perform her duties under this Agreement, then in that event the Authority agrees to pay the City Manager a cash payment equal to: (i) one (1) months' aggregate salary in the amount set forth in section 6 below, multiplied by the number of whole months and pro-rated portions of months left on the unexpired term of employment under this Agreement, but in no event shall such cash payment exceed six (6) months' aggregate salary; plus (ii) the cash value of all (i.e. 100%) accrued, but unused, vacation and administrative leave credited to the City Manager's leave balance; and (iii) the cash value of sixty percent (60%) of accrued, but unused, sick leave credited to the City Manager's leave balance. Said cash payments shall be paid, at the option of the City Manager, in: (a) lump sum upon date of termination; (b) lump sum on January 1 of the year following termination; (c) twelve (12) equal monthly payments; or (d) any combination of the foregoing.

Termination by Authority. Termination of this Agreement shall require three (3) affirmative votes of the Board of Directors of the AuthorityDirectors. Notwithstanding the foregoing, it is also understood and agreed that the City Manager Attorney shall be retained for a minimum of three four (34) months following any municipal election, where at least one new Director is elected, thereby allowing the new Board of Directors adequate time to assess the City ManagerAttorney's performance. In the event the City Manager Attorney is terminated by the Board of Directors before expiration of the term of employment and during such time that the City Manager Attorney is willing and able to perform her his duties under this Agreement, then in that event the Authority agrees to pay the City Manager Attorney a cash payment equal to: (i) one (1) months' ’ aggregate salary in the amount set forth in section 6 below, multiplied by the number of whole months and pro-rated portions of months left on the unexpired term of employment under this Agreement, but in no event shall such cash payment exceed six (6) months' aggregate salary; plus (ii) the cash value of all (i.e. 100%) accrued, but unused, vacation and administrative leave credited to the City Manager's Attorney’s leave balance; and (iii) the cash value of sixty percent (60%) of accrued, but unused, sick leave credited to the City Manager's Attorney’s leave balance. Said cash payments shall be paid, at the option of the City ManagerAttorney, in: (a) lump sum upon date of termination; (b) lump sum on January 1 of the year following termination; (c) twelve (12) equal monthly payments; or (d) any combination of the foregoing.

Termination by Authority. Termination of this Agreement shall require three affirmative votes of the Board of Directors of the Authority. Notwithstanding the foregoing, it is also understood and agreed that the City Manager shall be retained for a minimum of three (3) months following any municipal election, where at least one new Director is elected, thereby allowing the new Board of Directors adequate time to assess the City Manager's ’s performance. In the event the City Manager is terminated by the Board of Directors before expiration of the term of employment and during such time that the City Manager is willing and able to perform her duties under this Agreement, then in that event the Authority agrees to pay the City Manager a cash payment equal to: (i) one one (1) months' ’ aggregate salary in the amount set forth in section 6 below, multiplied by the number of whole months and pro-rated portions of months left on the unexpired term of employment under this Agreement, but in no event shall such cash payment exceed six six (6) months' aggregate salary; plus (ii) the cash value of all (i.e. 100%) accrued, but unused, vacation and administrative leave credited to the City Manager's ’s leave balance; and (iii) the cash value of sixty percent (60%) of accrued, but unused, sick leave credited to the City Manager's ’s leave balance. Said cash payments shall be paid, at the option of the City Manager, in: (a) lump sum upon date of termination; (b) lump sum on January 1 of the year following termination; (c) twelve (12) equal monthly payments; or (d) any combination of the foregoing.