Common use of Payment in the Event of Termination Clause in Contracts

Payment in the Event of Termination. Effective upon the termination of this Agreement, WCSD will be obligated to pay Superintendent (or, in the event of death, Superintendent’s estate) only such compensation as is provided in this Section 9, and in lieu of all other amounts and in settlement and complete release of all claims Superintendent may have against WCSD. (a) In the event this Agreement and Superintendent’s employment by WCSD is terminated as the result of the expiration of the Term, WCSD shall pay Superintendent: (1) earned Salary through the last day of employment; (2) any accrued and unused paid vacation; (3) any unreimbursed appropriate expenses; and (4) any Performance Bonus awarded pursuant to Paragraph 5(b). WCSD shall not be required to pay Superintendent any other additional sum or benefit; however, the Board, in its sole discretion may also elect to pay 25% of any accrued and unused paid sick leave. (b) In the event this Agreement and Superintendent’s employment is terminated for Cause or as the result of Superintendent’s voluntary resignation or retirement prior to the expiration of the Term of this Agreement, or death, WCSD shall pay Superintendent (or Superintendent’s estate, as applicable): (1) earned Salary through the last day of employment; (2) any accrued and unused paid vacation; (3) and any unreimbursed appropriate expenses. WCSD shall not be required to pay Superintendent any other additional sum or benefit. (c) In the event this Agreement and Superintendent’s employment is terminated as the result of Superintendent’s Disabilitydisability or death, the Board shall place Superintendent on disability retirement status (if applicable), and he/she shall be eligible to receive any disability insurance and Nevada PERS benefits to which he/she may be entitled under any applicable WCSD insurance plans and policies in place and applicable law. In addition, WCSD shall pay Superintendent: (1) earned Salary through the last day of employment; (2) any accrued and unused paid vacation; (3) and any unreimbursed appropriate expenses; and (4) any Performance Bonus awarded pursuant to Paragraph 5(b). WCSD shall not be required to pay Superintendent any other additional sum or benefit; however, the Board in its sole discretion, may also elect to pay all or a portion of any Performance Bonus awarded pursuant to Paragraph 5(b) and/or elect to pay up to 25% of any accrued and unused paid sick leave. (d) In the event this Agreement and Superintendent’s employment is terminated by the Board without Cause, WCSD shall pay Superintendent: (1) earned Salary through the last day of employment; (2) any accrued and unused paid vacation and sick leave; (3) any unreimbursed appropriate expenses; and (4) an additional amount equal to one year of Salary in effect as of Superintendent’s last day of employment, less all required and authorized deductions, to be paid to Superintendent incrementally at WCSD’s regular payroll intervals. WCSD shall not be required to pay Superintendent any other additional sum or benefit; however, the Board in its sole discretion, may also elect to pay up to 25% of any accrued and unused paid sick leave.

Payment in the Event of Termination. Effective upon the termination of this Agreement, WCSD will be obligated to pay Superintendent (or, in the event of death, Superintendent’s estate) only such compensation as is provided in this Section 9, and in lieu of all other amounts and in settlement and complete release of all claims Superintendent may have against WCSD. (a) In the event this Agreement and Superintendent’s employment by WCSD is terminated as the result of the expiration of the Term, WCSD shall pay Superintendent: (1) earned Salary through the last day of employment; (2) any accrued and unused paid vacation; (3) a percentage of accrued and unused sick leave consistent with the provisions of the Leadership Team handbook; (4) any unreimbursed appropriate expenses; and (4) any Performance Bonus awarded pursuant to Paragraph 5(b). WCSD shall not be required to pay Superintendent any other additional sum or benefit; however, the Board, in its sole discretion may also elect to pay 25% of any accrued and unused paid sick leave. (b) In the event this Agreement and Superintendent’s employment is terminated for Cause or as the result of Superintendent’s voluntary resignation or retirement prior to the expiration of the Term of this Agreement, or death, WCSD shall pay Superintendent (or Superintendent’s estate, as applicable): (1) earned Salary through the last day of employment; (2) any accrued and unused paid vacation; (3) a percentage of accrued and unused sick leave consistent with the provisions of the Leadership Team handbook; (4) and any unreimbursed appropriate expenses. WCSD shall not be required to pay Superintendent any other additional sum or benefit. (c) In the event this Agreement and Superintendent’s employment is terminated as the result of Superintendent’s Disabilitydisability disability or death, the Board shall place Superintendent on disability retirement status (if applicable), and he/she shall be eligible to receive any disability insurance and Nevada PERS benefits to which he/she may be entitled under any applicable WCSD insurance plans and policies in place and applicable law. In addition, WCSD shall pay Superintendent: (1) earned Salary through the last day of employment; (2) any accrued and unused paid vacation; (3) and any unreimbursed appropriate expenses; and (4) any Performance Bonus awarded pursuant to Paragraph 5(b). WCSD shall not be required to pay Superintendent any other additional sum or benefit; however, the Board in its sole discretion, may also elect to pay all or a portion percentage of any Performance Bonus awarded pursuant to Paragraph 5(b) and/or elect to pay up to 25% of any accrued and unused paid sick leave. (d) In leave consistent with the event this Agreement and Superintendent’s employment is terminated by provisions of the Board without Cause, WCSD shall pay Superintendent: (1) earned Salary through the last day of employment; (2) any accrued and unused paid vacation and sick leave; (3) any unreimbursed appropriate expenses; and (4) an additional amount equal to one year of Salary in effect as of Superintendent’s last day of employment, less all required and authorized deductions, to be paid to Superintendent incrementally at WCSD’s regular payroll intervals. WCSD shall not be required to pay Superintendent any other additional sum or benefit; however, the Board in its sole discretion, may also elect to pay up to 25% of any accrued and unused paid sick leave.Leadership Team handbook;