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B. If the agreement is terminated by the death of the Manager, the City shall not incur • the aforesaid termination pay obligation. SECTION 6. SALARY A. Effective July 1, 2003 the Council agrees to pay the Manager for his services rendered pursuant to this agreement a base salary at the rate of $140,190.00 per year, payable on the same schedule as other salaried employees of the City are paid. B. City Council shall notify the Manager, on or before October 31, 2002, and on or before each October 3 1 " thereafter of the adjusted annual base salary it will pay the Manager during the ensuing 12 months of the agreement. SECTION 7. PAYMENTS ON NON -RENEWAL AND TERMINATION A. Non -renewal. In the event City Council shall elect not to renew this agreement at the end of the contract term (October 31, 2006), it shall so advise the Manager in writing at least one year before that date, and the Manager shall be entitled to receive his then current compensation and all benefits through October 31, 2006. In addition, beginning November 1, 2006, the Council shall also continue Manager's salary and benefits on the same terms as • those existing during the preceding contract year for each of the next six (6) months; provided, however, that such non -renewal payments and benefits shall cease at any time during said six month period that Manager begins receiving compensation as a full time employee from some employer other than the City. B. Early Termination. In the event City Council elects to terminate this agreement at any time during the term of this contract, as may be done under Section 4(A) of the contract, Manager shall be paid all accrued salary and other benefits through October 31, 2006 or for three years, whichever is less. In addition, City Council shall also continue Manager's salary and benefits on the same terms as those existing immediately prior to termination for each of the nine (9) months subsequent to the last day of the term or subsequent to the expiration of three years from the date of termination, whichever occurs first; provided, however, that such post termination payments and benefits shall cease at any time during said nine-month period that Manager begins receiving compensation as a full time employee from some employer other than the City. C. Definitions. For purposes of this agreement, "employee" shall include Manager's work as an independent contractor or consultant. For the purposes of this agreement, "full time" shall mean and refer to any work situation in which Manager (a) receives compensation • 3