Common use of LIQUIDATED DAMAGES CLAUSE Clause in Contracts

LIQUIDATED DAMAGES CLAUSE. Once a contract is signed it is assumed that teachers will not request a release during the term of the contract. It is mutually acknowledged that a termination of this contract by the teacher, prior to the completion of the contract terms, results in damages to the school district which are extremely difficult to actually ascertain. In an effort to fix a compensation which bears a reasonable relationship to probable damages and which is not disproportionate to reasonable anticipated damages, the following sum shall be paid by a teacher requesting a release from contract which is approved by the school board. Release requested during the period from: Date of Acceptance- June 30 $1000.00 July 1 - July 15 1500.00 July 16 - July 31 2000.00 August 1 - end of term 2500.00 The school board may, in its sole discretion and by reason of extenuating circumstances, release a teacher from their contract and/or waive part of or all of such liquidated damages.

LIQUIDATED DAMAGES CLAUSE. Once a contract is signed it is assumed that teachers will not request a release during the term of the contract. It is mutually acknowledged that a termination of this contract by the teacher, prior to the completion of the contract terms, results in damages to the school district which are extremely difficult to actually ascertain. In an effort to fix a compensation which bears a reasonable relationship to probable damages and which is not disproportionate to reasonable anticipated damages, the following sum shall be paid by a teacher requesting a release from contract which is approved by the school board. Release requested during the period from: Date of Acceptance- June 1 - June 30 $1000.00 July 1 - July 15 1500.00 July 16 - July 31 2000.00 August 1 - end of term 2500.00 The school board may, in its sole discretion and by reason of extenuating circumstances, release a teacher from their contract and/or waive part of or all of such liquidated damages.