2024-012 - Approving an Addendum to the Employment Agreement dated March 9, 2020 between the City and Grayson Path

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Addendum Number 3 to Employment Agreement Dated March 9, 2020 Between the City of Paris, Texas and Grayson Adam Path Whereas, on the 91h day of March, 2020, the City of Paris ("Employer") and Grayson Adam Path .(''Employee") (collectively, the "Parties") entered into an Employment Agreement ("Agreement") whereby Employer contracted with Employee to provide professional services in the position of City Manager (see Exhibit A); and Whereas, on the 13th day of December, 2021, the Parties entered into an Addendum Number 1 to said Agreement (see Exhibit A) extending the term of Employee's employment for an additional two years, or until April 26, 2025, and increasing the Employee's salary to $165,000.00; and ' Whereas, the Employer awarded the Employee a 2% cost of living adjustment in late 2022; and Whereas, on the 29th day of April, 2023, the Parties entered into an Addendum Number 2 to said Agreement (see Exhibit A) increasing the Employee's salary to $174,300.00; and Whereas, the Parties wish to amend said Agreement to provide for an extension of the Employee's employment term, an increase in the Employee's compensation to award a cost of living adjustment, and other items; Now, therefore, the Parties hereto hereby amend the Agreement as follows: Section 1: Term, shall be amended to read as follows: "This Agreement will remain in full force and effect from April 27, 2020 until terminated by the Employer or Employee as provided in Sections 9, 10, or 11 herein." Section 2: Duties and Authority, Subsection A, shall be amended to read as follows: "Employer agrees to employ., Grayson Adam Path as City Manager to perform the functions."and duties specified in the City of Paris charter and/or by ordinance and to perform other legally permissible and proper duties and functions without interference as set forth in the City Charter." Section 3: Compensation, Subsections A, B, C and D, shall be amended to read as follows: A. "Employer agrees to pay Employee an annual base salary of $178,000.00, payable in installments at the same time that the other department head classification of employees of the Employer are paid. The Employee's annual base salary shall automatically increase by the same cost -of -living increases as provided to other department head classification of employees, and at the same time. The base salary following such increases shall be rounded up to the nearest thousand."