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CONTRACT 40874087 EMPLOYMENT AGREEMENT This Employment Agreement ( "Agreement ") is effective as of September 7, 2010 between the City of El Segundo ( "City ") and Jack Wayt ( "Wayt "). RECITALS Whereas Wayt has informed the City that he will be filing the necessary documents to commence receiving retirement benefits from the California Public Employees Retirement System ( "PERS ") as of September 30, 2010, and concurrently therewith terminate his current employment agreement with the City; and, Whereas the City desires to have Wayt continue to provide contractual services as the City Manager for the City for the period of October 1, 2010 through March 31, 2011 pursuant to the terms of this Agreement, based upon the experience that Wayt has in City government, and particularly with the City, as the City believes such skills are of significant value to the City for the term of this Agreement; and, Whereas Wayt desires to continue functioning as City Manager for the City on a contractual basis. Now Therefore, the City and Wayt do hereby covenant, agree and warrant as follows: Section 1. Term of Agreement. That certain Employment Agreement dated August 19, 2008, and amended on July 21, 2009, is terminated effective September 30, 2010. Wayt shall be considered an at -will employee during the term of this Agreement. The term of Wayt's employment with the City pursuant to this Agreement shall be from October 1, 2010 through March 31, 2011 unless it is terminated prior to March 31, 2011 by the City Manager or City Council. The City Council may by written notice to Wayt, immediately terminate this Agreement and thereby Wayt's contractual employee status with the City at any time, with or without cause. If the Council terminates this contract for other than "with cause," then the City shall be obligated to pay Wayt a lump sum amount upon such termination equal to the hourly rate specified in Section 3 below multiplied by the number of hours represented by subtracting the hours Wayt has been compensated for under this Agreement prior to his termination date from 960 hours. Wayt may terminate this Agreement at anytime by delivering notice of his intent to resign to the Mayor or City Attorney. Wayt's resignation shall be deemed accepted upon its delivery and he shall be entitled to compensation only to the extent he has actually worked hours pursuant to this Agreement but has not yet been compensated for such hours. For purposes of this Agreement, the term "with cause" shall include (i) Wayt's willful misconduct, including without limitation, intentionally failing to fulfill Wayt's duties set forth in Section 2 of this Agreement; or (ii) conviction of Wayt of a crime involving moral turpitude. 4087 Section 2. Duties and Authority. Wayt shall, and have the authority to, discharge those duties and responsibilities set forth in the City's job description for the City Manager, the El Segundo Municipal Code, and other applicable federal, state, and local laws and regulations; and, fulfill such other duties and responsibilities that are assigned to him from time to time by the City Council. Section 3 Hours and Compensation. During his employment, Wayt shall devote such, time, interest and effort to the performance of this Agreement as is necessary to duly carry out his duties as City Manager. It is expected that Wayt shall devote an average of 36 hours per week to the performance of his duties. In no event, shall Wayt work or be compensated for more than 960 hours during the period of October 1, 2010 through March 31, 2011. Wayt shall be paid at the rate of one hundred twelve dollars and fifty cent ($112.50) per hour, payable in bi- weekly payments (at the same time that City employees are regularly paid) which shall be subject to all applicable federal, state and local payroll withholdings and deductions. Wayt shall record all of his hours on a daily basis and transmit such records to the Finance Department on a weekly basis. Wayt's attendance at conferences and seminars that are normal and customary for city managers, shall be deemed working hours for purposes of this Agreement. Section 4. Benefits. Wayt shall not receive any benefits, including but not limited to medical, dental, sick leave, vacation time, etc., that are generally available to other City employees. However, Wayt shall be entitled to take up to 100 hours of time off, with compensation, for the period of October 1, 2010 through March 31, 2011, as personal time to be utilized for whatever reason he chooses and submit such hours for payment as part of the 960 hours that he may compensated for during each such six month period. Section 6. Expense Reimbursement. During the term of this Agreement, City shall reimburse Wayt for reasonable business expenses, including travel, parking, business meetings and professional dues associated with maintaining membership in professional organizations pursuant to the applicable provisions of El Segundo Municipal Code and City administrative policies. Section 7. Indemnification by City. In accordance with the California Government Code, the City shall defend, hold harmless and indemnify Wayt against any claim or legal action arising out of any alleged act or omission occurring within the scope of Wayt's employment as City Manager, except any action that may be brought by PERS as set forth in Section 8. Section 8. PERS Benefits. At the time this Agreement is entered into, Government Code Section 21224 allows a PERS retiree to perform contractual employee services under certain circumstances for up to a total of 960 hours in any calendar year for all PERS contracting employers without being reinstated from retirement, and without loss or interruption of PERS retirement benefits. However, it is agreed and acknowledged by the parties that in making this Agreement available to Wayt, neither the 4087 City nor any of its elected or appointed officials, officers, employees or agents assures, represents, or guarantees that performance of the contracted -for services is in accordance with these certain circumstances and will have no impact upon Wayt's PERS' retirement benefits. If a controversy arises between Wayt and PERS regarding the impact of this Agreement and the services provided for herein upon the nature of PERS retirement benefits, the City shall have no obligation to intervene in or defend or prosecute such dispute notwithstanding the indemnification set forth in Section 7 of this Agreement. Accordingly, it is recommended by the City that prior to entering into this Agreement, Wayt first bring it to the attention of PERS and that Wayt thereby personally determine, what, if any, impact this Agreement and the performance of the services set forth herein, will or may have upon the employee's PERS' retirement benefits. Additionally, it is recommended that Wayt consult with his own legal counsel regarding the terms and conditions of this Agreement, including this Section 8 of this Agreement. Wayt hereby releases and holds harmless the City and its officials, officers, employees and agents from and against any and all actions (including imposition of costs, fines and penalties) that PERS may impose against Wayt arising from or relating to this Agreement. This provision shall survive the termination of this Agreement. Section 9. Governing Law and Venue. This Agreement shall be construed in accordance with the laws of the State of California and the Los Angeles County Superior Court shall be the venue for legal disputes arising out of or relating to this Agreement. Section 10. Joint Drafting. This Agreement shall be interpreted as though it was prepared by both the City and Wayt. Section 11. Entire Agreement. This Agreement reflects the entire understanding of the City and Wayt with regard to Wayt's contractual employment with the City and supersedes all prior written and oral understanding and agreements with respect thereto. This Agreement can only be amended in a writing signed by the City and Wayt. Section 12. Severability. Should any provision of this Agreement be deemed by a court of competent jurisdiction to be invalid or unenforceable such shall not effect the validity or enforceability of any other provision of this Agreement. IN WITNESS WHEREOF the parties hereto have executed this Agreement the day and year first hereinabove written. CITY OF EL SEGUNO Eric Busch,Mayor 4087 ATTEST: Cindy Mort n, City Clerk APPROVED AS TO FORM: Mark D. Hensley, City Attorney