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HomeMy WebLinkAboutCarl Cahill Amendment No. 12AMENDMENT NO. 12 TO EMPLOYMENT AGREEMENT WITH CARL CAHILL FOR CITY MANAGER SERVICES THIS AMENDMENT NO. 12 TO EMPLOYMENT AGREEMENT (this "Amendment") is made and entered into at Los Altos Hills, California, this 30 day of June 2021 ("Effective Date"), by and between the TOWN OF LOS ALTOS HILLS, a municipal corporation, hereinafter sometimes referred to as the "TOWN," and CARL CAHILL, an individual, hereinafter referred to as "CAHILL." TOWN and CAHILL are hereinafter collectively referred to as the "Parties." Capitalized terms shall have the definitions set forth in the Agreement or as otherwise set forth herein. WITNESSETH: WHEREAS, TOWN and CAHILL entered into that certain Employment Agreement for City Manager services, dated June 22, 2006, and WHEREAS, in June of 2007, the Parties executed Amendment No. 1 to the Agreement; in June of 2008, the Parties executed Amendment No. 2 to the Agreement; in June of 2009, the Parties executed Amendment No. 3 to `the Agreement; in April of 2010, the Parties executed Amendment No. 4 to the Agreement; in July of 2011, the Parties executed Amendment No. 5 to the Agreement; in September of 2012 the Parties executed Amendment No. 6 to the Agreement; in June of 2014, the Parties executed Amendment No. 7 to the Agreement; in July of 2015 the Parties executed Amendment No. 8 to the Agreement; in June of 2017, the Parties executed Amendment No. 9 to the Agreement; in June of 2019, the Parties executed Amendment No. 10 to the Agreement; and in June of 2020, the Parties executed Amendment No. 11 to the Agreement, and WHEREAS, CAHILL has advised the TOWN of his plan to retire on October 29, 2021; and WHEREAS, the Parties wish to extend the term of CAHILL' S employment through CAHILL's scheduled retirement date on, as set forth below. NOW, THEREFORE, in consideration of the mutual promises, covenants and stipulations herein contained, the Parties agree to amend the Agreement as follows: AMENDMENT 1. Section 2 (A) is hereby amended to read as follows: "The term of this Agreement shall be from June 23, 2006 through October 29, 2021. CAHILL agrees to remain in the exclusive employ of the TOWN until the effective date of termination set forth herein, and neither to accept other employment, nor to become employed by any other employer until effective date of termination set forth herein." 2. Section 2 (D) is hereby amended, as of July 1, 2021, to read as follows: "In the event that the TOWN chooses to involuntarily terminate CAHILL pursuant to Section 2.0 of this Agreement, CAHILL shall be given written notice of the effective date of termination. Said termination date shall either be (a) the end of the term of the then -applicable Agreement, or (b) at the election of a majority of the City Council an earlier date, in which case CAHILL shall be given severance pay in an amount equal to his regular compensation at whatever pay level CAHILL is at the time of his involuntary termination for a period of three (3) months and twenty-nine (29) days from the effective date of termination. The amount of such severance pay shall be reduced by one (1) day commencing July 2, 2021 and for every day thereafter while CAHILL remains employed by TOWN until the end of the Agreement term set forth under Section 2 (A). Under this second option, CAHILL shall also be entitled to the Health and Dental Benefits, Life Insurance, Disability Insurance, and Retirement Benefits specified in Subsections 4.A.1, 4.A.2., 4.A.3, and 4.A.5 for a period through October 29, 2021." 3. All other provisions of the Agreement shall remain in full force and effect. WHEREFORE, the Parties have executed this Amendment as of the Effective Date written above. TOWN OF LOS ALTOS HILLS, a municipal corporation Kavita Tankha, Mayor "d .���� _.��r City Attorney 3760338.1 CAHILL CARL CAHILL, an individual C� n� Carl Cahill