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

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Addendum to Employment Agreement Dated March 9, 2020 Between the City of Paris, Texas and Grayson Adam Path Whereas, on the 9th day of March, 2020, the City of Paris ("Employer") and Grayson Adam Path ("Employee") entered into an Employment Agreement ("Agreement") whereby Employer contracted with Employee to provide professional services in the position of City Manager (See Exhibit A hereto); and Whereas, the parties wish to amend said Agreement to provide for an extension of the Agreement for an additional two (2) years and to increase Employee's compensation; Now, therefor, the parties hereto hereby amend the Agreement as follows: 1. Section 1, Term, shall be amended as follows: "The term of this agreement shall be for a period of five (5) years from April 27, 2020 to April 26, 2025, provided, however, that the term of this Agreement may be terminated by either party subject to the provisions set forth in Sections 9, 10, or 11 herein. Prior to the expiration of the term of this Agreement, Employer and Employee may mutually agree in writing to renew and extend this Agreement. 2. Section 3(A), Compensation, shall be amended as follows: "Employer agrees to pay Employee an annual base salary of $160,000.00 until November 9, 2021, at which said time Employer agrees to increase said annual base salary to $165,000.00. Said salary shall be payable in installments at the same time that the other management employees of the Employer are paid. The effective date of this Addendum is November 9, 2021. City of Paris By: Paula Portugal, ayor Executed the 13th day of December, 2021 Gr on Pa Executed the 13th day of December, 2021