Common use of Renewal/Non-Renewal Clause in Contracts

Renewal/Non-Renewal. a. The Governing Authority shall undergo a high-stakes review prior to contract renewal or at least every five years. The renewal process shall be conducted in accordance with the Sponsor’s renewal, nonrenewal, and termination policy and renewal application process, which shall be available on its website (“Renewal, Nonrenewal, and Termination Policy”). Renewal shall be subject to the Sponsor’s reasonable determination that the Governing Authority has complied with applicable law and terms of this Contract and that the School’s progress in meeting the academic, organizational, and financial goals prescribed over the term of this Contract have been satisfactory. b. The Sponsor may choose to non-renew this Contract at its expiration for any of the following reasons: i. Failure to meet student performance requirements; ii. Failure to meet generally accepted standards of fiscal management; iii. Material violation of any provision of this Contract or applicable state or federal law; and iv. Other good cause, so long as in accordance with the criteria set out in the Renewal, Nonrenewal, and Termination Policy.. No later than the 15th day of January in the year in which the Sponsor intends to non- renew the School’s contract, the Sponsor shall notify the School of the proposed action in writing. The notice shall include the reasons for the proposed action in detail, the effective date of the termination or nonrenewal, and a statement that the School may, within 14 calendar days of receiving the notice, request in writing an informal hearing before the Sponsor. A decision by the Sponsor to terminate this Contract may be appealed only to the State Board. The decision of the State Board shall be final. c. If the School does not intend to renew this Contract, the School shall notify the Sponsor in writing of its intent to not renew at least 180 days prior to Contract’s expiration, or otherwise in compliance with state law. The School may also terminate this Contract upon at least 180 days prior written notice to the Sponsor to be effective on any June 30 of any other year; provided, however, that this annual right of the School to terminate the Contract shall only be effective if or after the current Chief Executive Officer of the Sponsor is no longer serving the Sponsor in that capacity.

Appears in 4 contracts

Samples: Sponsorship Contract, Sponsorship Contract, Sponsorship Contract

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Renewal/Non-Renewal. a. The Governing Authority shall undergo a high-stakes review prior to contract renewal or at least every five years. The renewal process shall be conducted in accordance with the Sponsor’s policy on renewal, nonrenewal, and termination policy of community school contracts and its renewal application processapplication, which shall be available on its website (“Renewal, Nonrenewal, and Termination Policy”)website. Renewal shall be subject to the Sponsor’s reasonable determination that the Governing Authority has complied with applicable law and terms of this Contract and that the School’s progress in meeting the academic, organizational, and financial goals prescribed over the term of this Contract have been satisfactory. b. The Sponsor may choose to non-renew this Contract at its expiration for any of the following reasons: i. Failure to meet student performance requirements; ii. Failure to meet generally accepted standards of fiscal management; iii. Material violation of any provision of this Contract or applicable state or federal law; and iv. Other good cause, so long as in accordance with the criteria set out in the RenewalSponsor’s policy on renewal, Nonrenewalnonrenewal, and Termination Policy.. termination of community school sponsorship contracts. c. No later than the 15th day of January in the year in which the Sponsor intends to non- non-renew the School’s contract, the Sponsor shall notify the School of the proposed action in writing. The notice shall include the reasons for the proposed action in detail, the effective date of the termination or nonrenewal, and a statement that the School may, within 14 calendar days of receiving the notice, request in writing an informal hearing before the Sponsor. A decision by the Sponsor to terminate this Contract may be appealed only to the State Board. The decision of the State Board shall be final. c. d. If the School does not intend to renew this Contract, the School shall notify the Sponsor in writing of its intent to not renew at least 180 days prior to the Contract’s expiration, or otherwise in compliance with state law. The School also may also terminate this Contract during any other contract year, upon at least 180 days prior written notice to the Sponsor to be effective on any June 30 of any other yearSponsor; provided, however, that this annual right of the School to terminate the Contract shall only be effective if or after the current Chief Executive Officer of the Sponsor is no longer serving the Sponsor in that capacity. Non-renewal or termination of the Contract initiated by the School shall be effective on June 30 unless otherwise agreed to by the Parties.

Appears in 4 contracts

Samples: Sponsorship Contract, Sponsorship Contract, Sponsorship Contract

Renewal/Non-Renewal. a. The Governing Authority shall undergo a high-stakes review prior to contract renewal or at least every five years. The renewal process shall be conducted in accordance with the Sponsor’s policy on renewal, nonrenewal, and termination policy of community school contracts and its renewal application processapplication, which shall be available on its website (“Renewal, Nonrenewal, and Termination Policy”)website. Renewal shall be subject to the Sponsor’s reasonable determination that the Governing Authority has complied with applicable law and terms of this Contract and that the School’s progress in meeting the academic, organizational, and financial goals prescribed over the term of this Contract have been satisfactory. b. a. The Sponsor may choose to non-renew this Contract at its expiration for any of the following reasons: i. Failure to meet student performance requirements; ii. Failure to meet generally accepted standards of fiscal management; iii. Material violation of any provision of this Contract or applicable state or federal law; and iv. Other good cause, so long as in accordance with the criteria set out in the RenewalSponsor’s policy on renewal, Nonrenewalnonrenewal, and Termination Policy.. termination of community school sponsorship contracts. b. No later than the 15th day of January in the year in which the Sponsor intends to non- non-renew the School’s contract, the Sponsor shall notify the School of the proposed action in writing. The notice shall include the reasons for the proposed action in detail, the effective date of the termination or nonrenewal, and a statement that the School may, within 14 calendar days of receiving the notice, request in writing an informal hearing before the Sponsor. A decision by the Sponsor to terminate this Contract may be appealed only to the State Board. The decision of the State Board shall be final. c. If the School does not intend to renew this Contract, the School shall notify the Sponsor in writing of its intent to not renew at least 180 days prior to the Contract’s expiration, or otherwise in compliance with state law. The School also may also terminate this Contract during any other contract year, upon at least 180 days prior written notice to the Sponsor to be effective on any June 30 of any other yearSponsor; provided, however, that this annual right of the School to terminate the Contract shall only be effective if or after the current Chief Executive Officer of the Sponsor is no longer serving the Sponsor in that capacity. Non-renewal or termination of the Contract initiated by the School shall be effective on June 30 unless otherwise agreed to by the Parties.

Appears in 3 contracts

Samples: Sponsorship Contract, Sponsorship Contract, Sponsorship Contract

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Renewal/Non-Renewal. a. The Governing Authority shall undergo a high-stakes review prior to contract renewal or at least every five years. The renewal process shall be conducted in accordance with the Sponsor’s renewal, nonrenewal, and termination policy and renewal application process, which shall be available on its website (“Renewal, Nonrenewal, and Termination Policy”). Renewal shall be subject to the Sponsor’s reasonable determination that the Governing Authority has complied with applicable law and terms of this Contract and that the School’s progress in meeting the academic, organizational, and financial goals prescribed over the term of this Contract have been satisfactory.satisfactory.‌ b. The Sponsor may choose to non-renew this Contract at its expiration for any of the following reasons:reasons:‌ i. Failure to meet student performance requirements; ii. Failure to meet generally accepted standards of fiscal management; iii. Material violation of any provision of this Contract or applicable state or federal law; and iv. Other good cause, so long as in accordance with the criteria set out in the Renewal, Nonrenewal, and Termination Policy.. No later than the 15th day of January in the year in which the Sponsor intends to non- renew the School’s contract, the Sponsor shall notify the School of the proposed action in writing. The notice shall include the reasons for the proposed action in detail, the effective date of the termination or nonrenewal, and a statement that the School may, within 14 calendar days of receiving the notice, request in writing an informal hearing before the Sponsor. A decision by the Sponsor to terminate this Contract may be appealed only to the State Board. The decision of the State Board shall be final. c. If the School does not intend to renew this Contract, the School shall notify the Sponsor in writing of its intent to not renew at least 180 days prior to Contract’s expiration, or otherwise in compliance with state law. The School may also terminate this Contract upon at least 180 days prior written notice to the Sponsor to be effective on any June 30 of any other year; provided, however, that this annual right of the School to terminate the Contract shall only be effective if or after the current Chief Executive Officer of the Sponsor is no longer serving the Sponsor in that capacity.

Appears in 1 contract

Samples: Sponsorship Contract

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