CONTRACT 3474B - PERM Amendment CLOSED3474&. . C'
AMENDMENT NO.2 TO EMPLOYMENT AGREEMENT
THIS AMENDMENT NO 2 TO EMPLOYMENT AGREEMENT ( "AMENDMENT NO.
2 ") is entered into this 17th day of July, 2007, between the City of El Segundo ( "CITY ") and
Jeffrey L. Stewart ( "EMPLOYEE ") with respect to that certain EMPLOYMENT
AGREEMENT entered into between the CITY and EMPLOYEE on May 3, 2005 as
amended by AMENDMENT NO. 1 on August 1, 2006 ( "AGREEMENT ").
Effective as of July 1, 2007, the CITY and EMPLOYEE do hereby agree to
amendment Section 4(A) the AGREEMENT and replace this section in its entirety with the
following language:
"(A) EMPLOYEE'S annual base salary is $178,374 which shall be paid in equal bi- weekly
payments. In addition, subject to the City Council's sole discretion, on July 1, 2008,
EMPLOYEE shall be eligible to receive a single payment in an amount not to exceed
$7,500 based on EMPLOYEE'S performance during the prior twelve -month period of this
Agreement. In addition, the City Council shall evaluate EMPLOYEE'S performance and
salary annually following the effective date of this AGREEMENT and determine in its sole
discretion whether to increase EMPLOYEE'S compensation. Any increase in
compensation must be in writing signed by the parties;"
All of the other terms and conditions of the AGREEMENT shall remain in full force
and effect.
EMPLOYEE:
tewart
4
ATTEST:
Cindy Mo sen,
City Clerk
APPROVED AS TO FORM:
Mark D. Hensley, City Attorney