Attachment 1 - Amendment to the Town Manager Employment AgreementSIXTH AMENDMENT TO THE TOWN MANAGER EMPLOYMENT
AGREEMENT
This Amendment to Town Agreement AGR 15-172 is entered into this 16th day of November,
2021, by and between the Town of Los Gatos, a municipal corporation (“TOWN”), and Laurel
Prevetti (“EMPLOYEE”).
RECITALS
WHEREAS, Town and Laurel Prevetti executed an Agreement effective September 2,
2015 to provide Town Manager services to the Town;
WHEREAS, a First Amendment to the Agreement was executed on April 4, 2017 to
amend the employment agreement to award a 4.43% wage increase to the annual base salary,
effective on April 4, 2017 and a lump sum performance bonus of $3,000; and
WHEREAS, a Second Amendment to the Agreement was executed on January 16, 2018
to amend the employment agreement to award a $8,000 wage increase to the annual base salary,
effective on January 16, 2018; and
WHEREAS, a Third Amendment to the Agreement was executed on December 18, 2018,
to amend the employment agreement to award a $16,250 wage increase to the annual base salary,
effective on September 2, 2018 and a lump sum performance bonus of $3,300; and
WHEREAS, a Fourth Amendment to the Agreement was executed on December 3, 2019
to amend the employment agreement to award a $13,750 wage increase to the annual base salary,
effective on September 2, 2019 and a lump sum performance bonus of $5,000; and
WHEREAS, a Fifth Amendment to the Agreement was executed on November 3, 2020 to
amend the employment agreement to award a $12,500 wage increase to the annual base salary,
effective on September 2, 2020 and a lump sum performance bonus of $5,000; and
WHEREAS, on the basis of the annual evaluation, the Town Council desires to amend the
employment agreement to award a $5,250 wage increase to the annual base salary, effective on
October 1, 2021; and
IT IS THEREFORE AGREED by the parties as follows:
Section 2 of the Agreement is amended to read as follows:
A.Salary.
The Town Manager is awarded a $5,250 wage increase for a total annual
base salary of $267,750, effective September 2, 2021.
Section 3 of the Agreement is amended to read as follows:
Benefits.
The Town Manager is awarded a one-time eight (8) hour floating holiday
to be used by June 30, 2022. The holiday is not available for cash-out.
ATTACHMENT 1
IN WITNESS WHEREOF, the parties have executed this Amendment to the Town
Manager Agreement on the date written above.
TOWN OF LOS GATOS
________________________________
Marico Sayoc, Mayor
____________________________
Laurel Prevetti , Town Manager
ATTEST:
_______________________________
Shelley Neis, Town Clerk
APPROVED AS TO FORM:
______________________________
Robert W. Schultz, Town Attorney
2 of 2 Sixth Amendment to the Town Manager Employment Agreement