Common use of Release from Contract Clause in Contracts

Release from Contract. Licensed professionals, when submitting a letter of resignation after the required licensed professional notification date established by State statute, will be released by the Cooperative from contractual obligations provided the following fees are attached to said letter: Resignation Received in the Special Education Office After the Required Licensed Professional Notification Date, Established by State Statute 1 – 15 calendar days $1,000.00 16 – 30 calendar days $2,000.00 Resignations submitted on or after 31 calendar days from the mandatory notification date, established by State statute, will be accepted only if a suitable replacement can be found and are subject to a fee of $3,000.00. The Board of Directors reserves the right to waive the above listed requirements. The licensed professional may reduce their paycheck, after taxes, upon completing a written request by the licensed professional on a Board and Association approved form for payment of the above listed fee.

Release from Contract. Return to Agreement Contents Licensed professionals, when submitting a letter of resignation after the required licensed professional notification date established by State statute, will be released by the Cooperative from contractual obligations provided the following fees are attached to said letter: Resignation Received in the Special Education Office After the Required Licensed Professional Notification Date, Established by State Statute 1 – 15 calendar days $1,000.00 16 – 30 calendar days $2,000.00 Resignations submitted on or after 31 calendar days from the mandatory notification date, established by State statute, will be accepted only if a suitable replacement can be found and are subject to a fee of $3,000.00. The Board of Directors reserves the right to waive the above listed requirements. The licensed professional may reduce their paycheck, after taxes, upon completing a written request by the licensed professional on a Board and Association approved form for payment of the above listed fee.