Common use of PHASE V Clause in Contracts

PHASE V. In Phase V, Consultant will: • Work with the District and the new superintendent to establish performance objectives for the superintendent. • Provide a guarantee.** (Length of guarantee period: two (2) years). **The Consultant will provide the following guarantee: Consultant will repeat the process at no additional charge, except for all actual expenses. The guarantee will be valid if: • If the candidate ultimately selected by the District ends their employment with the District within the above-referenced guarantee period. • If the District contracts for the Consultant’s services through Phase V. • If the district makes timely payments to the Consultant. • The Phase V meeting is held within four (4) months of the start date of the candidate. • The board has retained fifty (50) percent or more of the same membership that hired the candidate. If the District chooses not to hold the meeting to Establish Performance Objectives for the new superintendent, the guarantee is null and void.