Common use of Option to Terminate Clause in Contracts

Option to Terminate. Notwithstanding any other provisions of this Contract, the Assistant Superintendent, Human Resources, shall have the option to terminate this Contract by providing the Board with a written notice of intent to terminate. This notice shall be prepared no less than ninety (90) days prior to said termination date. The Assistant Superintendent, Human Resources, and the Board may mutually agree to a termination notice of less than ninety (90) days. Notwithstanding any other provisions of this Contract, the Board, at its sole discretion, shall, upon giving ninety (90) days written notice, have the option to terminate this Contract. If the Board elects the option to terminate the Contract, it shall pay the Assistant Superintendent, Human Resources, in one (1) lump sum payment within ninety (90) days of giving written notice of termination, an amount equal to the salary for twelve (12) months remaining on the Contract or the salary of the remainder of the Contract if such remainder is less than twelve (12) months. The calculation for purposes of the lump-sum payment shall be based upon the rate of salary in effect on the date of notice of termination. In addition, the health insurance benefits will be maintained by the District for the Assistant Superintendent, Human Resources, throughout the term of the Contract, unless the Assistant Superintendent, Human Resources, is provided with health insurance benefits under other employment.

Option to Terminate. Notwithstanding any other provisions of this Contract, the Assistant Superintendent, Human ResourcesInstructional Services, shall have the option to terminate this Contract by providing the Board with a written notice of intent to terminate. This notice shall be prepared no less than ninety (90) days prior to said termination date. The Assistant Superintendent, Human ResourcesInstructional Services, and the Board may mutually agree to a termination notice of less than ninety (90) days. Notwithstanding any other provisions of this Contract, the Board, at its sole discretion, shall, upon giving ninety (90) days written notice, have the option to terminate this Contract. If the Board elects the option to terminate the Contract, it shall pay the Assistant Superintendent, Human ResourcesInstructional Services, in one (1) lump sum payment within ninety (90) days of giving written notice of termination, an amount equal to the salary for twelve (12) months remaining on the Contract or the salary of the remainder of the Contract if such remainder is less than twelve (12) months. The calculation for purposes of the lump-sum payment shall be based upon the rate of salary in effect on the date of notice of termination. In addition, the health insurance benefits will be maintained by the District for the Assistant Superintendent, Human ResourcesInstructional Services, throughout the term of the Contract, unless the Assistant Superintendent, Human ResourcesInstructional Services, is provided with health insurance benefits under other employment.

Option to Terminate. Notwithstanding any other provisions of this Contract, the Assistant Superintendent, Human ResourcesStudent Services, shall have the option to terminate this Contract by providing the Board with a written notice of intent to terminate. This notice shall be prepared no less than ninety (90) days prior to said termination date. The Assistant Superintendent, Human ResourcesStudent Services, and the Board may mutually agree to a termination notice of less than ninety (90) days. Notwithstanding any other provisions of this Contract, the Board, at its sole discretion, shall, upon giving ninety (90) days written notice, have the option to terminate this Contract. If the Board elects the option to terminate the Contract, it shall pay the Assistant Superintendent, Human ResourcesStudent Services, in one (1) lump sum payment within ninety (90) days of giving written notice of termination, an amount equal to the salary for twelve eighteen (1218) months remaining on the Contract or the salary of the remainder of the Contract if such remainder is less than twelve eighteen (1218) months. The calculation for purposes of the lump-sum payment shall be based upon the rate of salary in effect on the date of notice of termination. In addition, the health insurance benefits will be maintained by the District for the Assistant Superintendent, Human ResourcesStudent Services, throughout the term of the Contract, unless the Assistant Superintendent, Human ResourcesStudent Services, is provided with health insurance benefits under other employment.

Option to Terminate. Notwithstanding any other provisions of this Contract, the Assistant Deputy Superintendent, Human ResourcesBusiness Services, shall have the option to terminate this Contract by providing the Board with a written notice of intent to terminate. This notice shall be prepared no less than ninety (90) days prior to said termination date. The Assistant Deputy Superintendent, Human ResourcesBusiness Services, and the Board may mutually agree to a termination notice of less than ninety (90) days. Notwithstanding any other provisions of this Contract, the Board, at its sole discretion, shall, upon giving ninety (90) days written notice, have the option to terminate this Contract. If the Board elects the option to terminate the Contract, it shall pay the Assistant Deputy Superintendent, Human ResourcesBusiness Services, in one (1) lump sum payment within ninety (90) days of giving written notice of termination, an amount equal to the salary for twelve eighteen (1218) months remaining on the Contract or the salary of the remainder of the Contract if such remainder is less than twelve eighteen (1218) months. The calculation for purposes of the lump-sum payment shall be based upon the rate of salary in effect on the date of notice of termination. In addition, the health insurance benefits will be maintained by the District for the Assistant Deputy Superintendent, Human ResourcesBusiness Services, throughout the term of the Contract, unless the Assistant Deputy Superintendent, Human ResourcesBusiness Services, is provided with health insurance benefits under other employment.