Common use of Terms of Separation Clause in Contracts

Terms of Separation. The City Council may terminate this Agreement at any time. Upon termination of this Agreement, the City shall compensate the Interim City Manager up to the date of termination and the City shall owe no further benefit to the Interim City Manager. The Interim City Manager may resign at any time with a 30 days’ notice to the City Council. Resignation not consistent with this provision shall forfeit any payments to be received by the Interim City Manager under this Agreement that have not already been paid.

Appears in 1 contract

Sources: Employment Agreement

Terms of Separation. The City Council may terminate this Agreement at any time. Upon termination of this Agreement, the City shall compensate the Interim City Manager up to the date of termination and the City shall owe no further benefit to the Interim City Manager. The Interim City Manager may resign at any time with a 30 days' notice to the City Council. Resignation not consistent with this provision shall forfeit any payments to be received by the Interim City Manager under this Agreement that have not already been paid.

Appears in 1 contract

Sources: Employment Agreement