Laserfiche WebLink
stock of Contractor to SCA, on such terms and conditions as may be <br /> agreed upon by SCA and such stockholders. <br /> 2. Continued Effect of Agreement. The obligations <br /> and rights of Contractor and the City under the Agreement, as <br /> previously supplemented and modified, shall continue unchanged by <br /> this supplement, except as expressly modified by this supplement. <br /> 3. New Obligations of Contractor. Contractor agrees <br /> to do each of the following: <br /> (a) Obtain from each of Thomas L. <br /> Blackman, Thomas K. Blackman, <br /> Ronnie T. Blackman, and Tilghman A. <br /> Taylor employment agreements substantially <br /> in the form of that attached hereto as <br /> Exhibit "A" and incorporated herein as <br /> a condition of the Agreement which shall <br /> provide for the continued employment of <br /> such persons until October 31, 1978; <br /> (b) Hereafter pay to the City the sum of <br /> $7,500 on the first day following each <br /> three-month period during the term of <br /> this agreement. The first payment shall <br /> be made on February 1, 1974 and shall be <br /> in the amount of $7,500. The next payment <br /> shall be made on May 1, 1974 and payments <br /> shall continue on the first day of August, <br /> November, February and May thereafter, <br /> except that on each November 1st, the <br /> quarterly payment shall be increased for that <br /> payment and the three subsequent payments by <br /> $500 per payment. The quarterly payment pro- <br /> vided for in this subsection 3 (b) shall termi- <br /> nate in the event that the City or any of its <br /> -2- <br />