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Current as of January 02, 2024 | Updated by Findlaw Staff
Sec. 3.5. Unless a provision in a contract between the governing body of a school corporation and an assistant superintendent entered into or renewed before July 1, 2019, provides otherwise, the governing body of a school corporation may not pay to an assistant superintendent to buy out a contract entered into between the governing body and the assistant superintendent an amount that exceeds an amount equal to the lesser of:
(1) the assistant superintendent's salary for any one (1) year under the contract; or
(2) two hundred fifty thousand dollars ($250,000).
An assistant superintendent's salary under subdivision (1) does not include benefits or any other forms of compensation that the assistant superintendent receives as payment under the contract other than the assistant superintendent's salary.
Cite this article: FindLaw.com - Indiana Code Title 20. Education § 20-28-8-3.5 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-20-education/in-code-sect-20-28-8-3-5/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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