Maximum Cash Settlement. If this Employment Contract is terminated prior to the expiration of its term, and the parties agree upon a cash settlement as a result of such termination, the cash settlement, including all of its component parts, may not exceed the amount of the monthly salary referenced in Item 4 multiplied by the number of months left on the unexpired term of the Employment Contract, not to exceed eighteen (18) months. Any such settlement may not provide for other non-cash items, except that the settlement may provide for health benefits to be continued until Administrator finds other employment or the number of months left on the unexpired term of the Employment Contract, not to exceed eighteen (18) months, whichever occurs first.
Maximum Cash Settlement. If this contract is terminated, the maximum cash settlement that Xx. Xxxxxxx may receive shall not exceed his monthly salary multiplied by the number of months remaining on the contract. However, if the unexpired term exceeds 18 months, any cash settlement may not exceed Xx. Xxxxxxx’x monthly salary in effect at the time of termination multiplied by 18. Any cash settlement shall not include any other noncash items except health benefits, which may be continued for the same duration of time as covered in the settlement, or until Xx. Xxxxxxx finds other employment, whichever occurs first. The intent of this provision is to satisfy the requirements of Government Code sections 53260-53264, and this provision shall be interpreted in a manner consistent with those statutes.
Maximum Cash Settlement. In accordance with Government Code section 53260 and 53621, in the event of a material breach in termination of this Contract, the parties agree that any cash settlement shall not exceed the sums due as total compensation for the unexpired term of this Contract. However, if the unexpired term of the Contract is greater than eighteen (18) months, the maximum cash settlement shall be an amount equal to the monthly salary of the employee multiplied by eighteen (18). Any such settlement shall not include any other non cash items except health benefits, which may be continued for the same duration of time as covered in the settlement or until the employee finds other employment, whichever occurs first.
Maximum Cash Settlement. In accordance with Government Code section 53260 and 53621, in the event of a material breach in termination of this Contract, the parties agree that any cash settlement shall not exceed the sums due as total compensation for the unexpired term of this Contract. However, if the unexpired term of the Contract is greater than eighteen (18) months, the maximum cash settlement shall be an amount equal to the monthly salary of Xx. Xxxxxxxx-Xxx multiplied by eighteen (18). Any such settlement shall not include any other noncash items except health benefits, which may be continued for the same duration of time as covered in the settlement or until Xx. Xxxxxxxx-Xxx finds other employment, whichever occurs first.
Maximum Cash Settlement. Except as stated in Paragraph C, above, regarding the 2019-2020 probationary period, if this Agreement is terminated without cause, the maximum cash settlement that Xxxxxx may receive shall be an amount equal to her monthly salary multiplied by the number of months left on the unexpired term of the agreement not to exceed twelve (12) months. Any cash settlement shall not include any other non-cash items except health benefits which may be continued for the same period of time or until Xxxxxx finds other employment, whichever occurs first.
