Common use of Compensation Increases Clause in Contracts

Compensation Increases. Severance Agreements The Government Severance Pay Act (GSPA), 5 ILCS 415/10, added by P.A. 100-895, eff. 1-1-19, requiresthe following contract provisions: 1. A restriction to an amount not exceeding 20 weeks of compensation; and 2. A prohibition for any severance if the Superintendent is fired for misconduct by the Board. See the Severance Pay row under the Changes to the Superintendent’s Employment Contract subhead below for a definition of what misconduct means in the context of this law. Teachers Retirement System (TRS) & Teacher Health Insurance (THIS) How does the Board want to address: 1. Pension contributions (TRS-THIS)? 2. Inclusion of salary and other compensation in the payment of TRS and THIS? Or, will TRS and THIS be in addition to salary and other compensation? 3. Unforeseen pension reform issues? Conditions of Employment Superintendent Contract Term Considerations for the Board Explanation, Special Considerations, and Resources Administrative License Does the Board want to require the successful superintendent candidate to guarantee that as the future Superintendent of the District, he or she has and will maintain the appropriate licensure throughout the employment contract?

Compensation Increases. Severance Agreements The Government Severance Pay Act (GSPA), 5 ILCS 415/10, added by P.A. 100-895, eff. 1-1-19, requiresthe requires the following contract provisions: 1. A restriction to an amount not exceeding 20 weeks of compensation; and 2. A prohibition for any severance if the Superintendent is fired for misconduct by the Board. See the Severance Pay row under the Changes to the Superintendent’s Employment Contract subhead below for a definition of what misconduct means in the context of this law. Teachers Retirement System (TRS) & Teacher Health Insurance (THIS) How does the Board want to address: 1. Pension contributions (TRS-THIS)? 2. Inclusion of salary and other compensation in the payment of TRS and THIS? Or, will TRS and THIS be in addition to salary and other compensation? 3. Unforeseen pension reform issues? Conditions of Employment Superintendent Contract Term Considerations for the Board Explanation, Special Considerations, and Resources Administrative License Does the Board want to require the successful superintendent candidate to guarantee that as the future Superintendent futureSuperintendent of the District, he or she has and will maintain the appropriate licensure throughout the employment contract?

Compensation Increases. Severance Agreements The Government Severance Pay Act (GSPA), 5 ILCS 415/10, added by P.A. 100-895, eff. 1-1-19, requiresthe following contract provisions: 1. A restriction to an amount not exceeding 20 weeks of compensation; and 2. A prohibition for any severance if the Superintendent is fired for misconduct by the Board. See the Severance Pay row under the Changes to the Superintendent’s Employment Contract subhead below for a definition of what misconduct means in the context of this law. Teachers Retirement System (TRS) & Teacher Health Insurance (THIS) How does the Board want to address: 1. Pension contributions (TRS-THIS)? 2. Inclusion of salary and other compensation in the payment of TRS and THIS? Or, will TRS and THIS be in addition to salary and other compensation? 3. Unforeseen pension reform issues? Conditions of Employment Superintendent Contract Term Considerations for the Board Explanation, Special Considerations, and Resources Administrative License Does the Board want to require the successful superintendent candidate to guarantee that as the future Superintendent futureSuperintendent of the District, he or she has and will maintain the appropriate licensure throughout the employment contract?

Compensation Increases. Severance Agreements The Government Severance Pay Act (GSPA), 5 ILCS 415/10, added by P.A. 100-895, eff. 1-1-19, requiresthe requires the following contract provisions: 1. A restriction to an amount not exceeding 20 weeks of compensation; and 2. A prohibition for any severance if the Superintendent is fired for misconduct by the Board. See the Severance Pay row under the Changes to the Superintendent’s Employment Contract subhead below for a definition of what misconduct means in the context of this law. Teachers Retirement System (TRS) & Teacher Health Insurance (THIS) How does the Board want to address: 1. Pension contributions (TRS-THIS)? 2. Inclusion of salary and other compensation in the payment of TRS and THIS? Or, will TRS and THIS be in addition to salary and other compensation? 3. Unforeseen pension reform issues? Conditions of Employment Superintendent Contract Term Considerations for the Board Explanation, Special Considerations, and Resources Administrative License Does the Board want to require the successful superintendent candidate to guarantee that as the future Superintendent of the District, he or she has and will maintain the appropriate licensure throughout the employment theemployment contract?

Compensation Increases. Severance Agreements The Government Severance Pay Act (GSPA), 5 ILCS 415/10, added by P.A. 100-895, eff. 1-1-19, requiresthe requires the following contract provisions: 1. A restriction to an amount not exceeding 20 weeks of compensation; and 2. A prohibition for any severance if the Superintendent is fired for misconduct by the Board. See the Severance Pay row under the Changes to the Superintendent’s Employment Contract subhead below for a definition of what misconduct means in the context of this law. Teachers Retirement System (TRS) & Teacher Health Insurance (THIS) How does the Board want to address: 1. Pension contributions (TRS-THIS)? 2. Inclusion of salary and other compensation in the payment of TRS and THIS? Or, will TRS and THIS be in addition to salary and other compensation? 3. Unforeseen pension reform issues? Conditions of Employment Superintendent Contract Term Considerations for the Board Explanation, Special Considerations, and Resources Administrative License Does the Board want to require the successful superintendent candidate to guarantee that as the future Superintendent of the District, he or she has and will maintain the appropriate licensure throughout the employment contract?