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<br />F. Failure to meet such generally recognized standards of professional conduct as <br /> <br /> <br />may be determined by PEDC and CHAMBER to be applicable to VEST's <br /> <br /> <br />position; and, <br /> <br /> <br />G. Repeated breach of any provision or directive under this Agreement. <br /> <br /> <br />PEDC and CHAMBER will give VEST written notice of any deficiency under provisions <br /> <br /> <br />(A), (F), or (G), and VEST may not be terminated for cause for any deficiency so noted unless <br /> <br />VEST fails to correct such deficiency within sixty (60) days from the date such notice is given <br /> <br />to VEST. <br /> <br />SECTION 14. Political Activitv <br />VEST may not actively engage in City, County or School elections within Lamar County <br /> <br />other than those issue-related elections which may be incidental or related to performance of <br /> <br />duties or responsibilities under this Agreement. <br />SECTION 15. PEDC's Contribution <br /> <br /> <br />PEDC agrees to pay to CHAMBER $25,000 annually to fund its agreed proportional one- <br /> <br /> <br />third (1/3) of VEST's compensation. Such payment shall be paid monthly on or before the first <br /> <br /> <br />day of each month in the amount of $2,083.33. <br /> <br /> <br />SECTION 16. Additional Provisions <br /> <br /> <br />Additional Assurances. The provisions of this Agreement shall be self-operative and shall <br /> <br /> <br />not require further agreement by the parties except as may be herein specifically provided to the <br /> <br /> <br />contrary; provided. however. at the request of either party, the other party shall execute such <br /> <br /> <br />additional instruments and take such additional acts as the requesting party may deem necessary <br />to effectuate this Agreement. <br /> <br />Director of Economic Develooment of the PEDe and Ch:unbrr CEO - CONTRACT - Page 6 <br />