THIRD ADDENDUM TO EMPLOYMENT AGREEMENT by nem17141

VIEWS: 12 PAGES: 2

									                                         EXHIBIT A


                                THIRD ADDENDUM TO
                              EMPLOYMENT AGREEMENT

      THIS THIRD ADDENDUM is entered into this _______ day of April, 2008, by and
between DON F. WILLIAMS (“Employee”) and the CITY OF LOVELAND, a Colorado
Municipal corporation (“City”).

      WHEREAS, on October 5, 2002, the City of Loveland and Employee entered into an
Agreement appointing Employee as Loveland’s City Manager effective October 15, 2002; and

        WHEREAS, in January of 2005, the City and the Employee entered into that certain
“Second Addendum to Employment Agreement” amending paragraph 5.B. of the Agreement to
provide that the City would contribute to the Employee’s 401(a) plan, in addition to the amount
that the City would otherwise contribute to the 401(a) plan, eight percent (8%) of the Employee’s
annual salary (“the Second Addendum”); and

      WHEREAS, the City Council has also determined that Williams’ $350.00 per month
motor vehicle allowance as provided in paragraph 6 of the Agreement should be increased by
$150.00 to a total of $500.00 per month as hereinafter set forth in this Third Addendum.

        NOW, THEREFORE, in consideration of the mutual promises and covenants contained
herein, and other good and valuable consideration, the receipt and adequacy of which are hereby
acknowledged, the parties agree to amend the terms of the Agreement, as previously amended by
the Second Addendum, as follows:

       1.      The parties agree to amend paragraph 6 of the Agreement, to read in full, as
follows:

            “6. Automobile.

               The City shall pay to the Employee a motor vehicle allowance of $500.00 per
               month.”

        2.      Except as otherwise amended in the Second Addendum and in this Third
Addendum herein and except for any salary increases approved by City Council by resolution,
all other provisions of the Agreement shall remain in full force and effect.

      IN WITNESS WHEREOF, the parties have caused this Third Addendum to
Employment Agreement to be executed as the day and year first written above.
                          CITY OF LOVELAND, COLORADO


                          By:
                                Mayor

ATTEST:



City Clerk

APPROVED AS TO FORM:



Assistant City Attorney
                          Employee



                          Don F. Williams

								
To top