A. The term of said employment is from July 1, 2012 to June 30, 2015. TheSuperintendent and the Board agree to the following procedures, by which the Board mayextend the Superintendent's employment under this Agreement for an additional period of time.B. Upon completion of the midyear evaluation of the performance of theSuperintendent, as specified in the time-line contained herein, the Board or its designee(s)and the Superintendent will have the opportunity to discuss any modifications to thecontract, or extensions thereof. Following that discussion, and no later than April 1
of any fiscal year, the Board will take action on any such desired modifications and/orextensions. However, unless the Superintendent is notified, in writing, by April 1, oneadditional year of employment will automatically be added to the length of this contract,at a salary to be negotiated but no less than the prior year.C. Anything in this paragraph to the contrary notwithstanding, the provisions of Section 7
will take precedence, and the Superintendent'semployment may be terminated under the provisions of said section.4.
1. The base salary of the Superintendent shall consist of the following:a)
A salary component as follows:
FY13 - $162,000
To be determined, but no less than FY13 salary
To be determined, but no less than FY14 salarypayable in biweekly installments, and subject to required deductionsfor the State Teachers' Retirement Fund, applicable United StatesWithholding Tax, applicable State of Connecticut Withholding Taxand other applicable deductions mandated by state or federal law andemployee contributions toward the cost of fringe benefits;b) An additional amount of 4% of base salary, which amount theSuperintendent will then arrange pursuant to a salary reductionagreement to have contributed as an elective referral in accordancewith Section 403(b) and/or Section 457 of the Internal Revenue codetoward the purchase of a 403(b) annuity and/or 457 Plan with a tax