Sec. 2.5. Unless a provision in a contract between the governing body of a school corporation and a principal or an assistant principal entered into or renewed before July 1, 2019, provides otherwise, the governing body of a school corporation may not pay to a principal or an assistant principal, to buy out a contract entered into between the governing body and the principal or assistant principal, an amount that exceeds an amount equal to the principal's or assistant principal's salary for any one (1) year under the contract. The principal's or assistant principal's salary under this section does not include benefits or any other forms of compensation that the principal or assistant principal receives as payment under the contract other than the principal's or assistant principal's salary.
As added by P.L.152-2019, SEC.2.
Structure Indiana Code
Chapter 8. Contracts With School Administrators
20-28-8-1. School Principal's and Administrative Assistant's Contracts
20-28-8-2. School Principal's and Assistant Principal's Contracts; Conditions
20-28-8-2.7. Assistant Superintendent Contracts
20-28-8-3.5. Limitations Regarding Payment to Buy Out Assistant Superintendent Contracts
20-28-8-6. Superintendent Contracts
20-28-8-7. Superintendent's Contract; Termination
20-28-8-9. Director of Special Education; Compensation for Services Before or After School Term
20-28-8-10. Director of Special Education; Conditions for Employment Contract
20-28-8-12. Director of Special Education; Nonrenewal of Contract; Notice; Private Conference
20-28-8-13. Prohibition on Bonus or Incentive Based on Approval of a Public Question