Contracts & Agreements_2A-2018 - Laserfiche WebLink

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SETTLEMENT AGREEMENT AND MUTUAL GENERAL RELEASE The City of Redlands, including its current and former elected officials, officers, employees, an agents (hereinafter collectively referred to throughout this Settlement Agreement and Mutual General Release as "Employer"), and Amy Martin, including her heirs, executors, administrators, successors, and assigns (hereinafter collectively referred to throughout this Agreement as "Employee"), agree that: I. Employee Consideration. in consideration for Employee's execution of this Settlement Agreement and Mutual General Release and compliance with the promises made herein, Employer agrees: A. To pay Employee the total sum of One Hundred Thi Three Thousand Nine Hundred Eighty One and Twenty-FiveOne-Hundredths Dollars ($133,981.25)(hereinafter the "Payment") in full satisfaction of all claims, known or unknown, asserted or non- asserted, and alleged wages due and owing to Employee (hereinafter referred to as the "Claim").The full amount of the Payment will be reported by W-2 as required by law,and represents the following individual amounts: (1) Employee's present Leave balance of six hundred nine hours (609)as of February 2, 2018, in the amount of Forty Nine Thousand Four Hundred Eighty One and Twenty-Five One-Hundredths Dollars($49,481.25);and (2) Six ( ) months' severance pay in theamount of Eighty Four Thousand Five Hundred Dollars($94,500). B. It is understood that the Payment is made to fully compromise and release Employee's Claim against Employer, Including any Employee's attorneys' fees and costs. Employer makes no representation as to the nature of this settlement, the Payment, or its taxabliltV. Employee agrees that she has not relied on any such representation by Employer. Employee further agrees and acknowledges that she is responsible for complying with any tax obligations with respect to the Payment. C. Employer agrees that It will not claim Employee is disqualified for unemployment Insurance pursuant to Unemployment Insurance Code section 1256 through the Employment Development Department. D. Employer shall make the January, 2418, IRC section 401 ( ) payment to Employee's IRC section 401 ( ) account in the amount of Four Thousand Five Hundred Five Dollars($4505.00). E. Employee shall be entitled to a"medical bridge"program for herself upon separation from the City until she becomesMedicare-eligible. "Medical ridge" is defined as employee-only coverage at the least expensive equivalent health,vision,and dental insurance plan as provided by Employer to its then existing Directors through the 9