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<br />., <br /> <br />COpy <br /> <br />~'"\$ <br />~~'\ <br /> <br />AGREEMENT <br /> <br />THIS AGREEMENT made and entered into this day of June, 2006, by and between <br />C.L~..AJlRlT~ CQJ~,T'T'Y~ 1\.TQD'T'U ('^ Drn lNh._"u~-rp;n~fl-P1" TPf"P1TPrl tn RlO:. thp nronntyll p~t1y nfthe <br />first part, and SPRINGSTED INCORPORATED, hereinafter referred to as "Consultants", party of <br />the second part, <br /> <br />WITNESSETH <br /> <br />WHEREAS, and in consideration of the mutual benefits accruing to the parties hereto, the <br />Consultants hereby agree to perform all necessary professional management consultant services to <br />conduct a classification and compensation study !18 described in a written proposal made to the <br />County on May 24, 2006 and upon the terms and conditions hereinafter provided: <br /> <br />L That that certain written proposal for ac1assification and compensation study for <br />Cabarrus County, submitted by Consultants dated May 24,2006 become a part of <br />this contract and 'is hereinafter referred to as "proposal", copies of which are <br />attached hereto and made a part hereof. <br /> <br />2. Consultants' compensation for the services as outlined in the proposal shall be made <br />upon certified billing and progress reports to made monthly to the County by <br />Consultants for work performed during the preceding month, with payment to be <br />made by the County within fifteen (15) days from receipt of such billing. The total <br />cost to the County under this contract will, not exceed the sum of $61,750.00 <br />($58,750 fee and a maximum of$3,000 for expenses). <br /> <br />3. This Agreement may be terminated by either party upon seven (7) days' written <br />notice should the other party fail substantially to perform in accordance with its <br />terms, through no fault of the other. <br /> <br />F-13 <br />