Common use of Employment and Compensation Clause in Contracts

Employment and Compensation. 1. The Board hereby employs the Principal for three years, commencing July 1, 2023, and terminating on June 30, 2026, with such responsibilities and duties in that connection as may be fixed by the Board in this Agreement and in its policies, rules and regulations, including but not limited to the job description attached to this Agreement. 2. Principal, in consideration of the terms and conditions in this Agreement, agrees to work for the District effective July 01, 2023. 3. In consideration of and in reliance upon Principal’s agreement to retire effective June 30, 2023, the Board shall pay to the Principal an annual salary as specified herein during the term of this Agreement in equal installments in accordance with the rules of the Board governing payments of other administrative staff members in the District. 2023-2024: $90,000.00 2024-2025: $92,700.00 2025-2026: $95,481.00 4. In addition to the annual salary stated in paragraphs A.3 and A.4 of this Agreement, the Board shall make a contribution on behalf of the Principal to the State of Illinois Teachers' Retirement System in the amount equal to the Principal’s statutory contribution to said Teachers' Retirement System applicable to the Principal’s annual salary. In addition, the Board shall pay the Principal’s required contribution to TRS for Teacher Retirees’ Health Insurance (THIS). The Board’s combined statutory contribution on behalf of the Principal to TRS and THIS shall be limited to a maximum of 12%. The Principal does not have any right or claim to said amount except as it may become available at the time of retirement or resignation from TRS. Both parties acknowledge that the Principal does not have the option of choosing to receive the contributed amounts directly, instead of having such contributions paid by the Board to TRS, and that such contributions are made as a condition of employment to secure the Principal’s future services, knowledge and experience. 5. Any salary adjustment or modification made during the term of this Agreement shall be in the form of a written amendment and shall become a part of this Agreement, but such modification shall not be construed as a new Agreement with the Principal, nor as an extension of the termination date of this Agreement. 6. During the term of this Agreement, the principal shall hold a valid and properly registered license issued by the State of Illinois Educator’s Licensure Board qualifying him to act as a Principal for the District.

Employment and Compensation. 1. The Board hereby employs the Principal for three (3) years, commencing on July 1, 20232015, and terminating on June 30, 2026, with such responsibilities and duties in that connection as may 2018. The Principal shall be fixed by the Board in this Agreement and in its policies, rules and regulations, including but not limited to the job description attached to this Agreement. 2. Principal, in consideration of the terms and conditions in this Agreement, agrees to work paid $102,868.48 for his services performed for the District effective period of July 011, 2023. 3. In consideration of and in reliance upon Principal’s agreement to retire effective 2015 through June 30, 2023, the Board shall pay to the Principal an annual 2016. This salary as specified herein during the term of this Agreement is payable in 26 equal installments per year in accordance with the rules of the Board governing payments of other administrative staff members in the District. 2023-2024: $90,000.00 2024-2025: $92,700.00 2025-2026: $95,481.00 4The salary for the period of July 1, 2016 through June 30, 2017 will be 25. The Principal hereby accepts employment upon the terms and conditions hereinafter set forth. 2. In addition to the annual salary stated in paragraphs A.3 and A.4 paragraph A.1 of this Agreementcontract, the Board shall make a contribution pay on behalf of the Principal to the State of Illinois Teachers' ’ Retirement System in the amount equal to the Principal’s statutory contribution System, eight percent (8%) of required contributions to said Teachers' Retirement System applicable to the Principal’s annual salary. In addition, the Board shall pay the Principal’s required contribution to TRS for Teacher Retirees’ Health Insurance (THIS). The Board’s combined statutory contribution pension system on behalf of the Principal to TRS and THIS shall be limited to a maximum of 12%all reportable earnings as determined by law. The Principal does shall not have any right or claim to said amount amounts, except as it they may become available at the time of retirement or resignation from TRSthe State of Illinois Teachers’ Retirement System. Both However, if the Principal’s contribution rate required by TRS to be remitted decreases below eight percent (8%), the Board shall pay the difference to the Principal as salary to the extent the Board’s total cost for salary and pick up of the TRS contribution does not exceed the Board’s total cost before the TRS contribution rate decrease. Further, if subsequent to the Board’s payment to the Principal of the difference as salary, the aforementioned TRS contribution rate decrease is reversed by a court or the Illinois legislature or by TRS rule such that there is an underpayment of creditable earnings to TRS under this paragraph, the Principal shall bear the cost of such underpayment. Except as expressly stated herein, both parties acknowledge that the Principal does did not have the option of choosing to receive the contributed amounts directly, instead of having such contributions paid by the Board to TRSthe Teachers’ Retirement System, and further acknowledge that such contributions are made as a condition of employment to secure the Principal’s future services, knowledge and experience. The base salary stated in paragraph A.1 of this contract includes the payment by the Board on behalf of the Principal of her required contributions to the Teacher Health Insurance Security Fund. 53. Any salary or other adjustment or modification made during the term life of this Agreement contract shall be in the form of a written amendment and shall become a part of this Agreementcontract, but such adjustment or modification shall not be construed as a new Agreement contract with the Principal, nor as an extension of the termination date of this Agreementcontract. 64. During the term of this Agreementcontract, the principal Principal shall hold a valid and properly registered license and endorsements issued by the State of Illinois Educator’s Educator Preparation and Licensure Board qualifying him her to act as a Principal for in the School District. 5. The Principal shall submit, at Board expense, to a physical or mental examination by a physician licensed in Illinois to practice medicine and surgery in all its branches whenever the Board deems such examination necessary and in accordance with applicable law. As a condition of employment, the Principal also agrees to comply with all health requirements established by law.

Employment and Compensation. 1. The Board hereby employs the Principal for three (3) years, commencing on July 1, 20232021, and terminating on June 30, 2026, with such responsibilities and duties in that connection as may be fixed by the Board in this Agreement and in its policies, rules and regulations, including but not limited to the job description attached to this Agreement. 22024. The Principal, in consideration of the terms and conditions in this Agreement, agrees to work ’s base salary for his services performed for the District effective period of July 011, 2023. 3. In consideration of and in reliance upon Principal’s agreement to retire effective 2021 through June 30, 20232022 shall be $116,149. The Principal’s base salary for the period of July 1, 2022 through June 30, 2023 shall be $119,634. The Principal’s base salary for the Board period of July 1, 2023 through June 30 2024 shall pay be calculated by increasing his base salary for the prior Contract Year by the percentage increase equal to the Principal an annual that received by teachers for that year under their Collective Bargaining Agreement. This salary as specified herein during the term of this Agreement is payable in 24 equal installments per year in accordance with the rules of the Board governing payments of other administrative staff members in the District. 2023-2024: $90,000.00 2024-2025: $92,700.00 2025-2026: $95,481.00 4The Principal hereby accepts employment upon the terms and conditions hereinafter set forth. A “Contract Year” under this contract refers to the period from July 1 through June 30. 2. In addition to the annual base salary stated in paragraphs A.3 and A.4 paragraph A.1 of this Agreementcontract, the Board shall make a contribution pay on behalf of the Principal to the State of Illinois Teachers' ’ Retirement System in (“TRS”), eight percent (8%) of the amount equal required contributions to the Principal’s statutory contribution to said Teachers' Retirement System applicable to the Principal’s annual salary. In addition, the Board shall pay the Principal’s required contribution to TRS for Teacher Retirees’ Health Insurance (THIS). The Board’s combined statutory contribution on behalf of the Principal to TRS and THIS shall be limited to a maximum of 12%all reportable earnings as determined by law. The Principal does shall not have any right or claim to said amount these amounts, except as it they may become available at the time of retirement or resignation from the TRS. Both However, if the Principal’s contribution rate required by TRS to be remitted decreases below eight percent (8%), the Board shall pay the difference to the Principal as salary to the extent the Board’s total cost for salary and pick up of the TRS contribution does not exceed the Board’s total cost before the TRS contribution rate decrease. Further, if subsequent to the Board’s payment to the Principal of the difference as salary, the TRS contribution rate decrease is reversed by a court or the Illinois legislature or by TRS rule such that there is an underpayment of creditable earnings to TRS under this paragraph, the Principal shall bear the cost of such underpayment. Except as expressly stated herein, both parties acknowledge that the Principal does did not have the option of choosing to receive the contributed amounts directly, instead of having such contributions paid by the Board to the TRS, and further acknowledge that such contributions are made as a condition of employment to secure the Principal’s future services, knowledge and experience. The base salary stated in paragraph A.1 of this contract includes the payment by the Board on behalf of the Principal of his required contributions to the Teacher Health Insurance Security Fund and of any required pension contribution to the TRS that exceeds eight percent (8%). 53. Any salary or other adjustment or modification made during the term life of this Agreement contract shall be in the form of a written amendment and shall become a part of this Agreementcontract, but such adjustment or modification shall not be construed as a new Agreement contract with the Principal, nor or as an extension of the termination date of this Agreementcontract. 64. During the term of this Agreementcontract, the principal Principal shall hold a valid and properly registered license and endorsements issued by the State of Illinois Educator’s Educator Preparation and Licensure Board qualifying him to act as a Principal for in the School District. 5. The Principal shall submit, at Board expense, to a physical or mental examination by a physician licensed in Illinois to practice medicine and surgery in all its branches whenever the Board deems such examination necessary and in accordance with applicable law. As a condition of employment, the Principal also agrees to comply with all health requirements established by law. 6. The parties hereby agree that the Board makes no representations regarding the creditable earnings status with respect to any compensation received by the Principal pursuant to the terms of this contract. Any and all determinations regarding creditable earnings, creditable service, and related TRS issues shall be made by TRS and, where applicable, a court of competent jurisdiction.

Employment and Compensation. 1. The Board hereby employs the Principal President for three yearsa term, commencing July 1on October 10, 2023, 2016 and terminating on June 30, 20262019 (the “Term”), unless sooner terminated in accordance with such responsibilities Section E of this Agreement. The Board shall pay the President an annual salary in the amount of $180,000. Said salary will be subject to standard withholdings and duties payable at the same intervals as other administrators' salaries. The President’s annual salary will be reviewed in that connection as may be fixed by the Board in each subsequent year of this Agreement and in its policies, rules and regulations, including but not limited relative to the job description attached to Board’s annual assessment and evaluation as set forth in Section D of this Agreement. 2. Principal, in consideration of the terms and conditions in this Agreement, agrees to work for the District effective July 01, 2023. 3. In consideration of and in reliance upon Principal’s agreement to retire effective June 30, 2023, the Board shall pay to the Principal an annual salary as specified herein during the term of this Agreement in equal installments in accordance with the rules of the Board governing payments of other administrative staff members in the District. 2023-2024: $90,000.00 2024-2025: $92,700.00 2025-2026: $95,481.00 4. In addition to the annual salary stated in paragraphs A.3 and A.4 Paragraph A.1 of this Agreement, the Board shall will make a contribution on behalf of the Principal President to the State of Illinois Teachers' State Universities Retirement System (SURS) in the amount equal to (and in satisfaction of) the PrincipalPresident’s statutory contribution to said Teachers' Retirement System SURS applicable to the PrincipalPresident’s annual salary. In addition, salary provided that the Board percentage contribution shall pay not exceed the Principal’s required contribution to TRS for Teacher Retirees’ Health Insurance (THIS). The Board’s combined statutory contribution on behalf amount of the Principal to TRS and THIS shall be limited to a maximum SURS required percentage contribution as of 12%. The Principal does not have any right or claim to said amount except as it may become available at the time of retirement or resignation from TRSOctober 1, 2016. Both parties acknowledge that the Principal President does not have the option of choosing to receive the contributed amounts directly, instead of having such contributions paid by the Board to TRSSURS, and that in the event that there is a reduction in the statutory employee contribution, the President shall not be entitled to the difference between the contribution amount as of October 1, 2016 and the reduced amount. The Parties further acknowledge that such contributions are made as a condition of employment to secure the PrincipalPresident’s future services, knowledge knowledge, and experience. 3. In addition, after the Board completes its annual assessment and evaluation of the President’s performance, as set forth in Section D of this Agreement, the President will be eligible for a performance bonus payment if the Board’s annual overall performance rating is that of “Excellent” in an amount to be determined by the Board. If a performance payment is provided under this paragraph it will not be added to the base salary. The application of this provision shall not require additional Board action to be effective, shall not be deemed amendments to the Agreement and shall not constitute deviations from the terms of the Agreement regarding payment of creditable earnings. 4. The Board and President acknowledge and agree that the salary, compensation, and benefit increases granted to the President under this Agreement are not intended to exceed the SURS six percent (6%) cap on annual creditable earnings increases for any Agreement year which are used by SURS to calculate the President’s final rate of earnings (“FRE”) for SURS retirement annuity purposes to the extent of such is applicable. The Board reserves the right to adjust the compensation and/or benefits provided under this Agreement to prevent the Board from exceeding, and/or address the consequences of having exceeded, the SURS six percent (6%) annual earnings cap. 5. Any salary adjustment or modification amendment to the terms of this Agreement made during the term Term of this Agreement shall be in the form of a written amendment writing and shall become a part of this Agreement, but such adjustment or modification shall not be construed as a new Agreement with the PrincipalPresident, nor as an extension of the termination date of this Agreement, unless otherwise explicitly agreed. 6. During Within thirty (30) days of the term commencement of this Agreement, the principal President shall hold provide the Board Chair with a valid and properly registered license issued by physician’s written verification of the State President’s fitness to perform the essential functions of Illinois Educator’s Licensure Board qualifying him to act as a Principal for the Districtposition of President.

Employment and Compensation. 1. The Board hereby employs the Principal for three (3) years, commencing on July 1, 20232015, and terminating on June 30, 2026, with such responsibilities and duties in that connection as may 2018. The Principal shall be fixed by the Board in this Agreement and in its policies, rules and regulations, including but not limited to the job description attached to this Agreement. 2. Principal, in consideration of the terms and conditions in this Agreement, agrees to work paid $93,600 for his services performed for the District effective period of July 011, 2023. 3. In consideration of and in reliance upon Principal’s agreement to retire effective 2015 through June 30, 2023, the Board shall pay to the Principal an annual 2016. This salary as specified herein during the term of this Agreement is payable in 26 equal installments per year in accordance with the rules of the Board governing payments of other administrative staff members in the District. 2023-2024: The salary for the period of July 1, 2016 through June 30, 2017 will be $90,000.00 2024-2025: 96,408. The salary for the period of July 1, 2017 through June 30, 2018 will be $92,700.00 2025-2026: $95,481.00 498,818. The Principal hereby accepts employment upon the terms and conditions hereinafter set forth. 2. In addition to the annual salary stated in paragraphs A.3 and A.4 paragraph A.1 of this Agreementcontract, the Board shall make a contribution pay on behalf of the Principal to the State of Illinois Teachers' ’ Retirement System in the amount equal to the Principal’s statutory contribution System, eight percent (8%) of required contributions to said Teachers' Retirement System applicable to the Principal’s annual salary. In addition, the Board shall pay the Principal’s required contribution to TRS for Teacher Retirees’ Health Insurance (THIS). The Board’s combined statutory contribution pension system on behalf of the Principal to TRS and THIS shall be limited to a maximum of 12%all reportable earnings as determined by law. The Principal does shall not have any right or claim to said amount amounts, except as it they may become available at the time of retirement or resignation from TRSthe State of Illinois Teachers’ Retirement System. Both However, if the Principal’s contribution rate required by TRS to be remitted decreases below eight percent (8%), the Board shall pay the difference to the Principal as salary to the extent the Board’s total cost for salary and pick up of the TRS contribution does not exceed the Board’s total cost before the TRS contribution rate decrease. Further, if subsequent to the Board’s payment to the Principal of the difference as salary, the aforementioned TRS contribution rate decrease is reversed by a court or the Illinois legislature or by TRS rule such that there is an underpayment of creditable earnings to TRS under this paragraph, the Principal shall bear the cost of such underpayment. Except as expressly stated herein, both parties acknowledge that the Principal does did not have the option of choosing to receive the contributed amounts directly, instead of having such contributions paid by the Board to TRSthe Teachers’ Retirement System, and further acknowledge that such contributions are made as a condition of employment to secure the Principal’s future services, knowledge and experience. The base salary stated in paragraph A.1 of this contract includes the payment by the Board on behalf of the Principal of her required contributions to the Teacher Health Insurance Security Fund. 53. Any salary or other adjustment or modification made during the term life of this Agreement contract shall be in the form of a written amendment and shall become a part of this Agreementcontract, but such adjustment or modification shall not be construed as a new Agreement contract with the Principal, nor as an extension of the termination date of this Agreementcontract. 64. During the term of this Agreementcontract, the principal Principal shall hold a valid and properly registered license and endorsements issued by the State of Illinois Educator’s Educator Preparation and Licensure Board qualifying him her to act as a Principal for in the School District. 5. The Principal shall submit, at Board expense, to a physical or mental examination by a physician licensed in Illinois to practice medicine and surgery in all its branches whenever the Board deems such examination necessary and in accordance with applicable law. As a condition of employment, the Principal also agrees to comply with all health requirements established by law.

Employment and Compensation. 1. The Board hereby employs the Principal for three years, (3) years commencing July 1, 2023, 2022 and terminating on June 30, 20262025, with such responsibilities and duties in that connection as may be fixed by the Board in this Agreement and in its policies, rules rules, and regulations, including but not limited to the job description attached to this Agreement. 2. Principal, in consideration of the terms and conditions in this Agreement, agrees to work for the District effective July 01, 2023. 3. In consideration of and in reliance upon Principal’s agreement to retire effective June 30, 2023, the The Board shall pay to the Principal an annual annualized salary as specified herein during of ONE HUNDRED SIXTY THOUSAND ONE HUNDRED FORTY-ONE DOLLARS AND EIGHTY CENTS ($161,141.80) for the term of this Agreement 2022-2023 contract year in equal installments in accordance with the rules of the Board governing payments of other administrative staff members in the District. 2023-2024: $90,000.00 2024-2025: $92,700.00 2025-2026: $95,481.00 4The Principal’s annual salary for future contract years covered by this Agreement will be determined by the Board after the Principal’s review of the Principal’s performance in accordance with paragraph F, provided that any such annual salary shall not be less than the Principal’s salary for the prior contract year. The Principal hereby accepts employment upon the terms and conditions hereinafter set forth. 3. In addition to the annual salary stated in paragraphs A.3 and A.4 paragraph A.2 of this Agreement, the Board shall make a contribution on behalf of the Principal to the State of Illinois Teachers' Retirement System ("TRS"), in the amount equal to satisfaction of the Principal’s statutory 's entire required (9.0%) retirement contribution to said Teachers' Retirement System applicable TRS. It is the intention of the parties to qualify all such payments paid by the Board on the Principal’s annual salary. In addition, the Board shall pay the Principal’s required contribution 's behalf as employer payments pursuant to TRS for Teacher Retirees’ Health Insurance (THIS). The Board’s combined statutory contribution on behalf Section 414(h) of the Principal to TRS and THIS shall be limited to a maximum Internal Revenue Code of 12%1986, as amended. The Principal does not have any right or claim to said amount these amounts except as it they may become available at the time of retirement or resignation from TRS. Both parties acknowledge that the Principal does did not have the option of choosing to receive the contributed amounts directly, instead of having such contributions paid by the Board to TRS, and that such contributions are made as a condition of employment to secure the Principal’s 's future services, knowledge and experience. 54. Any salary adjustment or other modification made during the term of this Agreement shall be in the form of a written amendment and shall become a part of this Agreement, but such modification shall not be construed as a new Agreement with the Principal, nor or as an extension of the termination date of this Agreement. 6. During the term of this Agreement, the principal Principal shall hold a valid and properly registered license issued by the State of Illinois Educator’s Teachers' Licensure Board qualifying him her to act as a Principal for the District. The Principal shall also be a qualified evaluator for assistant principals and teachers. 5. The Principal acknowledges that by accepting the terms of the multi-year Principal's Employment Agreement, the Principal waives any right to tenure or continued contractual service in the School District for the duration of this multi- year contract or any multi-year contract extension pursuant to Section 5/10-23.8a of The· School Code.

Employment and Compensation. 1. The Board hereby employs the Principal for three (3) years, commencing on July 1, 20232021, and terminating on June 30, 2026, with such responsibilities and duties in that connection as may be fixed by the Board in this Agreement and in its policies, rules and regulations, including but not limited to the job description attached to this Agreement. 22024. The Principal, in consideration of the terms and conditions in this Agreement, agrees to work ’s base salary for his services performed for the District effective period of July 011, 2023. 3. In consideration of and in reliance upon Principal’s agreement to retire effective 2021 through June 30, 20232022 shall be $127,424. The Principal’s base salary for the period of July 1, 2022 through June 30, 2023 shall be $131,247. The Principal’s base salary for the Board period of July 1, 2023 through June 30 2024 shall pay be calculated by increasing his base salary for the prior Contract Year by the percentage increase equal to the Principal an annual that received by teachers for that year under their Collective Bargaining Agreement This salary as specified herein during the term of this Agreement is payable in 24 equal installments per year in accordance with the rules of the Board governing payments of other administrative staff members in the District. 2023-2024: $90,000.00 2024-2025: $92,700.00 2025-2026: $95,481.00 4The Principal hereby accepts employment upon the terms and conditions hereinafter set forth. A “Contract Year” under this contract refers to the period from July 1 through June 30. 2. In addition to the annual base salary stated in paragraphs A.3 and A.4 paragraph A.1 of this Agreementcontract, the Board shall make a contribution pay on behalf of the Principal to the State of Illinois Teachers' ’ Retirement System in (“TRS”), eight percent (8%) of the amount equal required contributions to the Principal’s statutory contribution to said Teachers' Retirement System applicable to the Principal’s annual salary. In addition, the Board shall pay the Principal’s required contribution to TRS for Teacher Retirees’ Health Insurance (THIS). The Board’s combined statutory contribution on behalf of the Principal to TRS and THIS shall be limited to a maximum of 12%all reportable earnings as determined by law. The Principal does shall not have any right or claim to said amount these amounts, except as it they may become available at the time of retirement or resignation from the TRS. Both However, if the Principal’s contribution rate required by TRS to be remitted decreases below eight percent (8%), the Board shall pay the difference to the Principal as salary to the extent the Board’s total cost for salary and pick up of the TRS contribution does not exceed the Board’s total cost before the TRS contribution rate decrease. Further, if subsequent to the Board’s payment to the Principal of the difference as salary, the TRS contribution rate decrease is reversed by a court or the Illinois legislature or by TRS rule such that there is an underpayment of creditable earnings to TRS under this paragraph, the Principal shall bear the cost of such underpayment. Except as expressly stated herein, both parties acknowledge that the Principal does did not have the option of choosing to receive the contributed amounts directly, instead of having such contributions paid by the Board to the TRS, and further acknowledge that such contributions are made as a condition of employment to secure the Principal’s future services, knowledge and experience. The base salary stated in paragraph A.1 of this contract includes the payment by the Board on behalf of the Principal of his required contributions to the Teacher Health Insurance Security Fund and of any required pension contribution to the TRS that exceeds eight percent (8%). 53. Any salary or other adjustment or modification made during the term life of this Agreement contract shall be in the form of a written amendment and shall become a part of this Agreementcontract, but such adjustment or modification shall not be construed as a new Agreement contract with the Principal, nor or as an extension of the termination date of this Agreementcontract. 64. During the term of this Agreementcontract, the principal Principal shall hold a valid and properly registered license and endorsements issued by the State of Illinois Educator’s Educator Preparation and Licensure Board qualifying him to act as a Principal for in the School District. 5. The Principal shall submit, at Board expense, to a physical or mental examination by a physician licensed in Illinois to practice medicine and surgery in all its branches whenever the Board deems such examination necessary and in accordance with applicable law. As a condition of employment, the Principal also agrees to comply with all health requirements established by law. 6. The parties hereby agree that the Board makes no representations regarding the creditable earnings status with respect to any compensation received by the Principal pursuant to the terms of this contract. Any and all determinations regarding creditable earnings, creditable service, and related TRS issues shall be made by TRS and, where applicable, a court of competent jurisdiction.

Employment and Compensation. 1. The Board hereby employs the Assistant Principal for three yearsone (1) year, commencing on July 1, 20232021, and terminating on June 30, 2026, with such responsibilities and duties in that connection as may be fixed by the Board in this Agreement and in its policies, rules and regulations, including but not limited to the job description attached to this Agreement. 22022. The Assistant Principal, in consideration of the terms and conditions in this Agreement, agrees to work ’s base salary for her services performed for the District effective period of July 011, 2023. 3. In consideration of and in reliance upon Principal’s agreement to retire effective 2021 through June 30, 2023, the Board 2022 shall pay to the Principal an annual be $97,000.00. This salary as specified herein during the term of this Agreement is payable in 24 equal installments per year in accordance with the rules of the Board governing payments of other administrative staff members in the District. 2023-2024: $90,000.00 2024-2025: $92,700.00 2025-2026: $95,481.00 4The Assistant Principal contract will consist of a total of 200 days. The Assistant Principal will begin working 10 work days before the first day of certified staff attendance, and her summer break will begin 10 work days after the final day of certified staff attendance during each yearly contract unless an alternate agreement is made between the Board and Assistant Principal. The Assistant Principal hereby accepts employment upon the terms and conditions hereinafter set forth. A “Contract Year” under this contract refers to the period from July 1 through June 30. 2. In addition to the annual base salary stated in paragraphs A.3 and A.4 paragraph A.1 of this Agreementcontract, the Board shall make a contribution pay on behalf of the Assistant Principal to the State of Illinois Teachers' ’ Retirement System in (“TRS”), eight percent (8%) of the amount equal required contributions to the Principal’s statutory contribution to said Teachers' Retirement System applicable to the Principal’s annual salary. In addition, the Board shall pay the Principal’s required contribution to TRS for Teacher Retirees’ Health Insurance (THIS)on all reportable earnings as determined by law. The Board’s combined statutory contribution on behalf of the Assistant Principal to TRS and THIS shall be limited to a maximum of 12%. The Principal does not have any right or claim to said amount these amounts, except as it they may become available at the time of retirement or resignation from the TRS. Both However, if the Assistant Principal’s contribution rate required by TRS to be remitted decreases below eight percent (8%), the Board shall pay the difference to the Assistant Principal as salary to the extent the Board’s total cost for salary and pick up of the TRS contribution does not exceed the Board’s total cost before the TRS contribution rate decrease. Further, if subsequent to the Board’s payment to the Assistant Principal of the difference as salary, the TRS contribution rate decrease is reversed by a court or the Illinois legislature or by TRS rule such that there is an underpayment of creditable earnings to TRS under this paragraph, the Assistant Principal shall bear the cost of such underpayment. Except as expressly stated herein, both parties acknowledge that the Assistant Principal does did not have the option of choosing to receive the contributed amounts directly, instead of having such contributions paid by the Board to the TRS, and further acknowledge that such contributions are made as a condition of employment to secure the Assistant Principal’s future services, knowledge and experience. The base salary stated in paragraph A.1 of this contract includes the payment by the Board on behalf of the Assistant Principal of her required contributions to the Teacher Health Insurance Security Fund and of any required pension contribution to the TRS that exceeds eight percent (8%). 53. Any salary or other adjustment or modification made during the term life of this Agreement contract shall be in the form of a written amendment and shall become a part of this Agreementcontract, but such adjustment or modification shall not be construed as a new Agreement contract with the Principal, nor Assistant Principal or as an extension of the termination date of this Agreementcontract. 64. During the term of this Agreementcontract, the principal Assistant Principal shall hold a valid and properly registered license and endorsements issued by the State of Illinois Educator’s Educator Preparation and Licensure Board qualifying him her to act as a an Assistant Principal for in the School District. 5. The Assistant Principal shall submit, at Board expense, to a physical or mental examination by a physician licensed in Illinois to practice medicine and surgery in all its branches whenever the Board deems such examination necessary and in accordance with applicable law. As a condition of employment, the Assistant Principal also agrees to comply with all health requirements established by law. 6. The parties hereby agree that the Board makes no representations regarding the creditable earnings status with respect to any compensation received by the Assistant Principal pursuant to the terms of this contract. Any and all determinations regarding creditable earnings, creditable service, and related TRS issues shall be made by TRS and, where applicable, a court of competent jurisdiction.