Common use of Salary & Benefits Clause in Contracts

Salary & Benefits. As consideration for the performance of the duties and meeting the qualifications established by this Contract, the Board agrees that the Superintendent shall receive the following: a. 2024-2025 School Year Salary The Superintendent shall be paid the base salary of Two Hundred Five Thousand Dollars ($205,000) for the annual period of July 1, 2024 through June 30, 2025, subject to applicable withholdings, payable in accordance with the School Corporation’s regular payment practices for Administrators. b. Salary Raises and Stipend(s) for Years in the Future After the 2024-2025 School Year The Superintendent will receive the same percentage base salary increase as provided other School Corporation Administrators, or an additional amount to be determined by the Board. In the event that other School Corporation Administrators receive a fixed amount increase in base salary, the Superintendent shall receive that increase as well. Additionally, the Superintendent will also receive any one-time stipend provided to other School Corporation Administrators. These future raises are contingent upon the following qualifying requirements: 1) This raise will be effective only if the Superintendent was not evaluated as either “needs improvement” or “ineffective” for the school year preceding the year in which the raise would take effect. 2) If in any one year administrators do not receive any raise, the Superintendent will not receive any raise. 3) Within 30 days of the Board establishing administrative raises for any one year, the Superintendent may submit a written waiver of an increase for that year and in such a case the proposed contract will provide that there will be no raise for that year. 4) The Board provides written notice to the Superintendent that it will no longer agree to these future increases for the Superintendent or any increase in any one particular year on or before the date it approves administrative raises.

Salary & Benefits. As consideration for the performance of the duties and meeting the qualifications established by this Contract, the Board agrees that the Superintendent shall receive the following: a. 20242017-2025 2018 School Year Salary The Superintendent shall be paid the base salary of Two One Hundred Five Eighty Thousand Dollars ($205,000180,000.00) for the annual period of July 1, 2024 2017 through June 30, 20252018, subject to applicable withholdings, payable in accordance with the School Corporation’s regular payment practices for Administrators. b. Salary Raises and Stipend(s) for Years in the Future After the 20242017-2025 2018 School Year The Superintendent will receive the same percentage base salary increase as provided other School Corporation Administrators, or an additional amount to be determined by the Board. In the event that other School Corporation Administrators receive a fixed amount increase in base salary, the Superintendent shall receive that increase as well. Additionally, the Superintendent will also receive any one-time stipend provided to other School Corporation Administrators. These future raises are contingent upon the following qualifying requirements: 1) This raise will be effective only if the Superintendent was not evaluated as either “needs improvement” or “ineffective” for the school year preceding the year in which the raise would take effect. 2) The Superintendent has met the qualifying requirements of the Performance Based Compensation Model applicable to the Superintendent’s position. 3) If in any one year administrators do not receive any raise, the Superintendent will not receive any raise. 34) Within 30 days of the Board establishing administrative raises for any one year, the Superintendent may submit a written waiver of an increase for that year and in such a case the proposed contract will provide that there will be no raise for that year. 45) The Board provides written notice to the Superintendent that it will no longer agree to these future increases for the Superintendent or any increase in any one particular year on or before the date it approves administrative raises.