Common use of DAMAGES FOR BREACH OF CONTRACT Clause in Contracts

DAMAGES FOR BREACH OF CONTRACT. This contract shall be binding upon the parties for the term stated therein and subject to these provisions. A. If the certified employee shall apply in writing to the Board for release from the contract aGer the 14th calendar day following the 3rd Friday in May, the Board may grant such release, if the request for release is accompanied by a money order or certified fund check for the amounts set forth below, which is based upon the date the request is received. Such amount, if accepted, shall be considered as liquidated damages for the release. 1. 15th calendar day following the 3rd Friday in May-June ...... -- $2,500 2. On or aGer July 1 .............................................................. -- $5,000 B. In the event a new applicant for a teaching position should sign a contract for the subsequent year, and thereaGer apply for release of that contract aGer May 15th, that the damages set forth above shall apply.

DAMAGES FOR BREACH OF CONTRACT. This contract shall be binding upon the parties for the term stated therein and subject to these provisions. A. If the certified certified employee shall apply in writing to the Board for release from the contract aGer after the 14th calendar day following the 3rd Friday in May, the Board may grant such release, if the request for release is accompanied by a money order or certified certified fund check for the amounts set forth below, which is based upon the date the request is received. Such amount, if accepted, shall be considered as liquidated damages for the release. 1. 15th calendar day following the 3rd Friday in May-June ...... -- $2,500 2. On or aGer after July 1 .............................................................. -- $5,000 B. In the event a new applicant for a teaching position should sign a contract for the subsequent year, and thereaGer thereafter apply for release of that contract aGer after May 15th, that the damages set forth above shall apply.