AGREED LIQUIDATED DAMAGES ON EARLY TERMINATION OF CONTRACT Sample Clauses

AGREED LIQUIDATED DAMAGES ON EARLY TERMINATION OF CONTRACT. A. Purpose The Board of Education and the faculty agree that when an educator resigns or otherwise fails to honor his contract after execution of the contract or after the applicable date under the Kansas Continuing Contract Law, the damages to the school District are not easily ascertainable. The elements of damages may include, but not be limited to: the loss of recruiting time required to find the best possible replacement; adjustments and changes in class scheduling; reassignments of teaching duties and class loads; reassignments of extra curricular duties; interviews must be scheduled during vacation times; a large number of possible replacements may already be under contract with other school Districts; the Board will incur increased advertising costs to contact possible teachers not under contract; and if class assignments and coaching assignments are changed, there may not be sufficient time for teachers and coaches to prepare for the next year's teaching load. The monetary value of the above damages is difficult, if not impossible, to determine. B. It is therefore agreed that a teacher currently under contract shall be declared under contract—unless duly informed according to Kansas Statute—for the next teaching year unless a resignation is submitted on or before the statutory date of the current school year according to the Continuing Contract Law of the State of Kansas. New teachers coming into the District shall be declared under contract when their contract has been approved by the Board of Education. (2011-12) X. In the event any teacher resigns or fails to honor the terms of his contract after the effective date set out above, the Board and teachers agree that the teacher shall pay the Board liquidated damages. The Board will accept the resignation of a teacher tendered after the statutory date upon receipt of: (2011-12) 1. $500 $1000 for a resignation received between June 1 and June 30, (2021-22) 2. $750 $1,500 for a resignation received between July 1 and July 31, (2021-22) 3. Four percent (4%) of the teacher’s contracted salary for a resignation received on or after August 1 and prior to the completion of the contract term. (2009-10) 4. Any release from contract for any resignation received August 1 or later is further conditioned upon the Board hiring a qualified and certified replacement as determined by the Board. (2003-04) D. It is agreed that the amount of agreed liquidated damages shall be paid by the teacher to the Board of Educat...
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AGREED LIQUIDATED DAMAGES ON EARLY TERMINATION OF CONTRACT. The Board and the Association agree that when an educator resigns or otherwise fails to honor his /her contract after execution of the contract or after the applicable date under the Kansas Continuing Contract Law, the damages to the school district are not easily ascertainable. The elements of damages may include, but not be limited to: The loss of recruiting time required to find the best possible replacement; adjustments and changes in class scheduling; reassignments of teaching duties and class loads; reassignments of extra curricular duties, scheduling of interviews during vacation times; a large number of possible replacements may already be under contract with other school districts; and increased advertising costs to the Board to contact possible teachers not under contract. The monetary value of these damages is difficult, if not impossible, to determine. It is therefore agreed that a teacher currently under contract shall be declared under contract- unless duly informed according to Kansas Statute-for the next teaching year unless a resignation is submitted on or before two weeks after the third Friday in May of the current school year according to the continuing contract law of the State of Kansas. New teachers coming into the District shall be declared under contract when their contract has been approved by the Board. In the event any teacher resigns or fails to honor the terms of his/her contract after the effective date set out above, the Board and Association agree that the teacher shall pay the Board liquidated damages computed on a percentage of the individual teacher’s contract salary under the then current Negotiated Agreement. Liquidated damages for teacher resignation will be assessed as follows: 1. 1 for a resignation received June 7 through June 30.
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Related to AGREED LIQUIDATED DAMAGES ON EARLY TERMINATION OF CONTRACT

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