LIQUIDATED DAMAGES CLAUSE. Once a contract is signed, it is assumed that teachers will not request a release during the term of the contract. It is mutually acknowledged that termination of a contract by the teacher, prior to the completion of the contract terms, results in damages to the School District which are impractical or extremely difficult to actually ascertain. In an effort to fix compensation which bears a reasonable relationship to probable damages and which is not disproportionate to reasonably anticipated damages, the following sum shall be paid by a teacher requesting a release from contract which is approved by the school board. Release Requested During Period From: May 15th ~ June 30th $ 300 July 1st ~ July 15th $ 600 July 16th ~ July 31st $1,000 August 1st ~ August 15th $1,200 August 15th ~ End of Term $1,400 Nothing contained herein shall be construed to mean that the Board must release the teacher upon payment of the above amount. The school board may, in its sole discretion and by reason of extenuating circumstances, waive part or all of such liquidated damages.
Appears in 4 contracts
Samples: Harvey Public Schools, Harvey Public Schools, Negotiations Agreement
