Indiana Code Title 20. Education § 20-28-6-7.5

(1) serves under contract as a teacher in a public school corporation;

(2) is in the teacher's first or second year of full-time teaching in a classroom;  and

(3) has not at any time before July 1, 2012, entered into a teaching contract for further service with the school corporation;

(1) is not a probationary teacher under subsection (b);  and

(2) enters into a contract described in section 2 of this chapter;