CONTINUING CONTRACT OR PROFESSIONAL SERVICE CONTRACT STATUS. A contract issued to a teacher prior to July 1, 2011, that renews each year until such time as the teacher resigns or is terminated in accordance with Florida Statute or opts into the performance pay schedule, thereby relinquishing his or her continuing contract or professional service contract. A continuing contract or professional service contract employee whose contract is terminated by the Board during the term of the contract may contest the termination by electing to use either the grievance procedure contained in this contract or the administrative hearing procedure provided in Florida Statutes.