As reported in the Union Leader today, further details have emerged regarding Superintendent Colter's buyout.
The school district paid a lump sum of $133,400 plus $17,000 for accrued sick and vacation time. The district will also pay for one year's worth of health insurance. The lump sum is the salary Colter was expected to make in 2011-2012.
In exchange for the settlement, Colter agrees to release the district from any future legal claims.
In addition, the agreement states "each party agrees to refrain from any disparagement, defamation, slander or tortuous interference with the contracts or relationships of the other".
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