Unilateral Termination by Board. The Board may unilaterally terminate this Agreement upon payment of any base salary remaining due to Superintendent under this Agreement, if there is less than one year remaining under the Agreement. If the remaining term of the Agreement is for a period of time in excess of one year, then the District’s obligation shall be limited to a sum equal to the Superintendent’s current base salary for one year. Unilateral termination shall not require the payment of other benefits provided Superintendent as a consequence of this Agreement.
Unilateral Termination by Board. The Board, at its sole discretion and without the need for any cause, may, upon giving written notice to the Superintendent, terminate this Agreement. If the Board elects this option to terminate the Agreement, the District shall pay the Superintendent severance pay, at the selection of the Superintendent, in one lump-sum payment or equal monthly payments beginning no later than the effective date of termination, the base salary the Superintendent would have earned for the remainder of this Agreement following the effective date of termination, not to exceed the equivalent of twelve (12) months of salary. The Superintendent shall also receive the same District paid medical, dental, and vision insurance for the same period of time in accordance with Government Code 53261. If the contract is terminated under this provision, any cash settlement related to the termination that Superintendent may receive from the District shall be fully reimbursed to the District if the Superintendent is convicted of a crime involving an abuse of office or position.
Unilateral Termination by Board. The BOARD may, at its option, unilaterally terminate this contract. In the event of such termination, the BOARD shall pay to the SUPERINTENDENT, as severance pay the lesser of eighteen (18) months or the balance of the contract terms at the Superintendent’s salary rate at the time of the termination, as well as benefits he would have earned and been entitled to receive under this contract. Such severance pay shall be payable in one lump sum within ninety days (90) days of the effective date of termination. To terminate this contract under this provision, the BOARD shall notify the SUPERINTENDENT of its election to terminate the contract and the effective date of termination. The SUPERINTENDENT shall be deemed to have resigned from the position or other employment with the Shelby County Schools as of the effective date of the unilateral termination.
Unilateral Termination by Board. This Contract may be terminated without cause. If the Board elects the option to terminate this Contract without cause, then Superintendent shall receive Superintendent’s regular Superintendent's salary for the remainder of the Term, or twelve 12 months, whichever is less, and shall additionally be entitled to the health insurance benefits Superintendent has elected for the same period of time. For purposes of this paragraph, the term “salary” shall include only the Superintendent’s regular monthly base salary (sections 3.1 and 3.2 above) and shall not include the value of any other stipends, reimbursements or benefits received under this Contract. Such termination payments shall be paid on the same installment basis as the Superintendent's current salary unless both parties have mutually agreed to another form of compensation payments. However, if Superintendent is reemployed in a Superintendent or Assistant Superintendent position at any time during the twelve (12) month time period, Superintendent shall receive a monthly sum equal to the difference between the Superintendent's gross monthly salary at the salary rate in effect during his last month of service and the amount the Superintendent earns subsequent to the effective date of termination.
Unilateral Termination by Board. The Board may terminate this Contract without cause at any time, if it provides the Superintendent written notice of no less than sixty (60) days prior to termination. If the Board terminates this Contract without cause, it shall pay the Superintendent a severance benefit equal to twelve (12) months annual salary and health benefits. In addition, the Board shall pay the Superintendent any accrued and unpaid benefits and expenses as of the date of termination of this Contract.
Unilateral Termination by Board. The Board may unilaterally terminate this Agreement upon payment of [Determine an amount, which the parties will agree to as severance pay, such as:] any base salary remaining due to Superintendent under this Agreement, if there is less than one year remaining under the Agreement. If the remaining term of the Agreement is for a period of time in excess of one year, then the District's obligation shall be limited to a sum equal to the Superintendent's current base salary for one year. Unilateral termination shall not require the payment of other benefits provided Superintendent as a consequence of this Agreement. [or:] any base salary remaining due Superintendent, not to exceed months salary. Unilateral termination shall not require the payment of other benefits provided Superintendent as a consequence of this Agreement.
Unilateral Termination by Board. The Board may, at its option and upon a minimum of 90 days’ prior written notice to Superintendent, unilaterally terminate this Contract. Because the Superintendent's damages for such a termination would be extremely difficult to calculate, the Board and Superintendent hereby agree that upon any such termination, the District shall make payments to or on behalf of Superintendent as follows:
Unilateral Termination by Board. The Board may, at its option and by a minimum of one hundred and eighty (180) days’ notice to the Superintendent, unilaterally terminate this Agreement during its term. If this subparagraph D is invoked by the Board, the Superintendent specifically waives the right to a hearing. In addition, the Board shall provide continued major medical insurance to the Superintendent and her eligible dependents for a period of six months after the 180 days’ notice is given as severance. If the Superintendent subsequently obtains major medical insurance for herself and her eligible dependents during the six month severance period, she must immediately notify the Board President, at which time the District may terminate such coverage.
Unilateral Termination by Board. The Board may, at its option, and by a minimum of sixty (60) days’ notice to Xxxxxx, unilaterally terminate this Agreement. In the event of such termination during the 2019-2020 probationary period, the District shall pay to Xxxxxx as severance the amount equal to a maximum of six (6) months of salary. In the event of such termination after the 2019-2020 probationary period, the District shall pay to Xxxxxx as xxxxxxxxx the amount which Xxxxxx earned during her last month of employment for each month remaining in the Agreement, but not to exceed a maximum of twelve (12) months of salary, in accordance with Paragraph F, below.
Unilateral Termination by Board. Effective July 1, 2022, the Board may, at its option, and by a minimum of ninety (90) days notice to the Superintendent, unilaterally terminate this employment agreement. In the event of such termination, the Board shall pay to the Superintendent, as severance pay, the sum of twenty (20) weeks of compensation that she would have earned under this Agreement. In the event that the Government Severance Pay Act, 5 ILCS 415 et seq., is amended to increase the maximum allowable amount, the higher amount will be applicable. Per the Act, this agreement recognizes that there is a prohibition of severance pay when a superintendent is fired for misconduct. In addition, the cost of optional service credit available for purchase as determined by the Illinois Teachers’ Retirement System provided for in paragraph 7 herein shall be fully paid by the School District.
