Common use of EARLY NOTIFICATION STIPEND Clause in Contracts

EARLY NOTIFICATION STIPEND. An eligible administrator who notifies the district prior to March 1st in writing of his/her intent to resign effective June 30 of the current year shall receive a one-time payment of $2000 paid upon separation with the district in the administrator’s last pay into a 403(b) if they meet the following qualifications: • The resignation must be effective June 30th of the current school year. • The resignation must be received in the Office of Human Resources prior to March 1st of the current school year. • The resignation must be for the purposes of retirement with ORS. Formal confirmation from ORS of a received retirement notification may be requested by the District. • The resignation must be in writing and is irrevocable. • Upon receipt of the resignation the District will place the employee’s name on the Board Report for acceptance by the Board of Education. Confidentiality of resignation cannot be guaranteed.

EARLY NOTIFICATION STIPEND. An eligible administrator who notifies the district prior to March 1st in writing of his/her intent to resign effective June 30 of the current year shall receive a one-time payment of $2000 paid upon separation with the district in the administrator’s last pay into a 403(b) if they meet the following qualifications: •  The resignation must be effective June 30th of the current school year. •  The resignation must be received in the Office of Human Resources prior to March 1st of the current school year. •  The resignation must be for the purposes of retirement with ORS. Formal confirmation from ORS of a received retirement notification may be requested by the District. •  The resignation must be in writing and is irrevocable. •  Upon receipt of the resignation the District will place the employee’s name on the Board Report for acceptance by the Board of Education. Confidentiality of resignation cannot be guaranteed.

EARLY NOTIFICATION STIPEND. An eligible administrator who notifies the district prior to March 1st in writing of his/her intent to resign effective June 30 of the current year shall receive a one-time payment of $2000 paid upon separation uponseparation with the district in the administrator’s last pay into a 403(b) if they meet the following qualifications: • The resignation must be effective June 30th of the current school yearschoolyear. • The resignation must be received in the Office of Human Resources prior to March 1st of the current school year. • The resignation must be for the purposes of retirement with ORS. Formal confirmation from ORS of a received retirement notification may be requested by the District. • The resignation must be in writing and is irrevocableirrevocable subject to the terms of the Older Workers Benefit Protection Act. • Upon receipt of the resignation the District will place the employee’s name on the Board Report for Reportfor acceptance by the Board of Education. Confidentiality of resignation cannot be guaranteed.