DAVID CAVAZOS-2017 - Laserfiche WebLink

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3. This Agreement and compliance with this Agreement shall not be construed in any way as an admission by the City of any liability whatsoever, or, that the City has acted wrongfully with respect to EMPLOYEE, or, that EMPLOYEE has any rights whatsoever against the City and/or its City Council Members, officers, employees, agents or attorneys. The City specifically disclaims any liability to, or wrongful acts against, EMPLOYEE or any other person on the part of said City and individuals. 4. EMPLOYEE agrees that he will not file any complaints, claims, charges, grievances, or lawsuits at any time hereinafter with the City, with any governmental agency or with any court arising out of his employment with and release from the City, provided, however, he shall not be limited from pursuing claims or other enforcement activities for the sole purpose of enforcing his rights under this Agreement. 5. CITY releases EMPLOYEE from employment and terminates the Employment Agreement pursuant to the terms and conditions set forth in this Agreement. 6. In consideration of this Agreement, the City agrees to pay EMPLOYEE severance pay as set forth in this Paragraph. Severance pay shall be equal to twelve (12) months compensation at EMPLOYEE's current annual compensation of $343,224.00. This amount will be paid in two installments. The first installment, in the amount of $223,224.00, to be paid to EMPLOYEE as soon as possible but no later than January 24, 2017. EMPLOYEE will remain on paid administrative leave until the day that he receives the first installment. The second installment, in the amount of $120,000.00, to be paid to EMPLOYEE on January 5, 2018. In the event EMPLOYEE dies prior to his receipt of the second installment, the second installment shall be paid to EMPLOYEE's daughter, Amanda Cavazos. The City will not make