Common use of TERMINATION OF CONTRACT WITHOUT CAUSE Clause in Contracts

TERMINATION OF CONTRACT WITHOUT CAUSE. The Superintendent may terminate this Supplement (and the Regular Teachers’ Contract upon which it is based) during the term of this Supplement, or any extension thereof, without cause upon at least ninety (90) days advance written notice to Board, provided that such notice is not rendered impossible or impractical due to the sudden onset of illness or disability of the Superintendent. Pursuant to the provisions of IC 20-28-8-6(b), the Board may terminate this Supplement (and the Regular Teachers’ Contract upon which it is based) during the term of this Supplement, or any extension thereof, without cause upon at least Five (5) days advance written notice to Superintendent. Upon such without cause termination by the Board, Superintendent shall be entitled to be paid the lesser of the amount of the Superintendent’s then existing base annual salary, as set forth in Xxxxxxxxx 0, xxxxx, as from time to time amended, or the sum of Two Hundred Fifty Thousand US Dollars ($250,000.00). Such payment shall be subject to all mandatory withholdings from earned income due federal, state and local taxing authorities, and shall be paid to the Superintendent within thirty (30) calendar days of the effective date of his termination.

TERMINATION OF CONTRACT WITHOUT CAUSE. The Superintendent may terminate this Supplement (and the Regular Teachers’ Contract upon which it is based) during the term of this Supplement, or any extension thereof, without cause upon at least ninety (90) days advance written notice to Board, provided that such notice is not rendered impossible or impractical due to the sudden onset of illness or disability of the Superintendent. Pursuant to the provisions of IC 20-28-8-6(b), the Board may terminate this Supplement (and the Regular Teachers’ Contract upon which it is based) during the term of this Supplement, or any extension thereof, without cause upon at least Five (5) days advance written notice to Superintendent. Upon such without cause termination by the Board, Superintendent shall be entitled to be paid the lesser of the amount of the Superintendent’s then existing base annual salary, as set forth in Xxxxxxxxx 0Paragraph 4, xxxxxbelow, as from time to time amended, or the sum of Two Hundred Fifty Thousand US Dollars ($250,000.00). Such payment shall be subject to all mandatory withholdings from earned income due federal, state state, and local taxing authorities, and shall be paid to the Superintendent within thirty (30) calendar days of the effective date of his her termination.