Res 2025-144 Approving a restated employment agreement and servance agreement with City Mangaer

Home Browse Search

SEVERANCE AGREEMENT (Stephanie L. Reyes, City Manager) This severance agreement (hereinafter referred to as the"Agreement") is made and entered to be effective August 19' 2025 (the ''Effective Deto'')' by and between the City of San Marcos, Texas, a Texas home-rule municipality (hereinafter referred to as the "City"); and Stephanie. L. Reyea, City Manager (hereinafter referred to as "Emp|oyee^), both of which parties hereto understand and agree as follows: VVGEREAS, on the Effective Dote. the City and Employee entered into a Restated Employment Agreement concerning the services of Employee(hereinafter referred to as the"Employment Agreement"); and WHEREAS' the City Council of the City, finds it is in the best interest of the City to address any severance payment provided to Employee in the event the City decides to terminate Employee's employment during such time Employee is willing and able to continue performing the duties of the Employee pursuant to the Employment Agreement. NOW,THEREFORE,for and in consideration of the agreements contained herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the City and Employee agree asfollows: SECTION 1. FINDINGS INCORPORATED. The foregoing recitals are hereby incorporated into the body of this Agreement and shall be considered part of the mutual covenants, consideration and promises that bind the parties. SECTION 2. TERM. This Agreement ahe|| be effective as of the Effective Date of this Agreement, and shall continue thereafter through the term of the Employment Agreement unless terminated sooner under the provisions hereof. SECTION 3. AFFIRMATIVE OBLIGATIONS. The City and Employee covenant and agree that while this Agreement is in effect, it shall comply with the following terms and conditions: A. Termination without cause: 1. The City will pay Employee a lump sum cash payment for all base salary earned, earned unused vacation (the same as general emp|oyeea), earned unused sick leave (up to45 days), and other benefits that were earned but unused as of the last day of active employment. 2. The City will pay the Employee lump sum cash payment equal to twelve (12) months' base salary. 3. City shall provide medical, dental, life and vision insurance at the same rate offered current active city employees fora maximum of five yeans, after which time the employee vvnu|d then be offered benefits in accordance with all other retired employees. 4. The payments outlined above are contingent upon o waiver and release ofall claims against the City in a form acceptable to the City. B. Termination for cause: In the event Employee is terminated for cause as defined below, the City shall have no obligation to pay the severance pay and severance benefits designated in this 1 ��R ~ H