The Board of Education shall, at the July Board meeting, establish each administrator's salary based on the recommendation of the Superintendent of Schools. The Superintendent's recommendation shall be based primarily on performance, but will also include consideration for degrees held, size of student body, size of staff, length of service, comparison to neighboring school districts, state and national salary averages for comparative positions, and finally, length of contract and number of vacation days. Administrators covered by this policy include the Superintendent (except where contract supercedes), Assistant Superintendent, Chief Financial Officer (except where contract supercedes), Director of Administrative Services, Director of Staff and Pupil Services, Director of Curriculum and Professional Development, Director of Food Services, Technology Coordinator, Principals, Assistant Principals and Director of Transportation.

Administrators will receive twenty-six (26) paychecks per year or twenty-seven (27) in years applicable.

Term life insurance in the amount of three (3) times the administrator's salary to a maximum of $250,000 shall be provided by the Board of Education.

Administrators will be allowed to accumulate 360 sick leave days.

Severance pay will be one-fourth of accumulated sick leave, not to exceed ninety (90) days X daily rate at time of retirement. Administrators who retire when they are first eligible under STRS and SERS rules are eligible for super severance (one-half [1/2] of the accumulated sick leave pay not to exceed 115 days). Daily rate is defined as the higher of administrative salary plus pick up of the pickup divided by the number of contract days or the daily rate of teachers with thirty (30) years of service and Masters +30 educational level. For non-certified administrators employed after October 1, 2004 super-severance daily rate is defined as the administrative salary plus pickup of the pickup divided by the number of contract days.

Payment of super severance shall be made in two (2) equal installments as follows:

Administrators on a 260 day per year contract are granted twenty (20) vacation days and twelve (12) paid holidays. No more than five (5) days of vacation may be carried over each year. The following are established as paid holidays: New Year's Day, Martin Luther King Day, Presidents Day, Good Friday, Memorial Day, Independence Day, Labor Day, Veterans Day, Thanksgiving Day, Day After Thanksgiving, Christmas Eve Day and Christmas Day.

Professional growth for administrators is encouraged. The Board of Education will pay for the following each contract year subject to appropriation limits set annually by the Board:

Administrators will be compensated for the use of their private vehicles for official school business. All actual expenses for taxicabs, eligible mileage reimbursement, etc., which must be requested on the approved form supplied by the Treasurer's office staff, will be paid at the IRS rate.

Administrators will be eligible for reimbursement for successful completion (minimum grade of C or P in a pass/fail course) of prior approved college and university courses per contract year as follows: A maximum of three (3) semester credit hours or four and one-half (4.5) quarter credit hours at the rate of $300 per semester hour and $200 per quarter hour.

Administrators are eligible for the following fringe benefits:

The Board of Education will pay the full retirement contribution for all administrators to STRS/SERS on a tax deferred basis.

The Board of Education will pay directly to vendors an amount not to exceed $3,000 for documented expenses incurred by an administrator in establishing permanent residency in the New Richmond Exempted Village School District within the first twelve (12) months of his/her initial term of employment.

O.R.C. 339.10