Common use of Charter Contract Renewal Consequences Clause in Contracts

Charter Contract Renewal Consequences. The Charter School also agrees to the following: • If the Charter School meets Goals 1 through 10 above, it will receive a five-year charter contract renewal. • If the Charter School fails to meet either Goal 1, Goal 2, Goal 3, or Goal 4 above, but meets the remaining three of those four Goals along with Goals 5 through 10, it will receive a three-year charter contract renewal during which one of the following will occur: o The Charter School will meet the Goals included in the three-year charter contract required to earn a subsequent five-year charter contract, and a new five- year charter contract will be granted OR o The Charter School will fail to meet the Goals included in the three-year charter contract required to earn a subsequent five-year charter contract, and the Charter School will be closed upon the expiration of the three-year charter contract. • In making its decision regarding charter contract renewal, the Department of Education may consider and the State Board of Education may examine dynamic external events that are not within control of the Charter School.