COMPENSATION ADJUSTMENT AGREEMENT ‘School District 96/Dr. Jonathan Lamberson) ‘THIS AGREEMENT is made by and entered into between the Board of Education (the Boast) of Sshool Distt 96, Cols County, inv (he “Schoo Distt) and Dr, Jonathan Lrsbercon,formeriyempoyed by the Board sits Superintendent “The Board and Dr. Lambersom agree as ilo: As a wsult of a difference in intrretion of the June 36, 2009 Second Restatement of the Eniplosment Agrsment dated Jansry 27, 2005 between Dr Lambeson and the Boaré and of the Jone 16, 2009 Spentenéen’s Employment Contract beeen D-Lamberson and the Board (collectively the “Contact, an overpayment oeeured by the Board for tho 20092010, 2010-2011, 2011-2012 and 2012.2013 school yeurs. Dr Lamberson and the Boerd have differing viewpoints as tothe amount of the overcompensaton but have sgqeed to resolve ther diternces through semen asst forth in tho atohed xi. Lemberson’sIinois Teachers” Retirement System (TRS) reitablecamings will be as sated the "Total TRS Creditable Rarings line of Par 1 ofthe ert atschad as Exhibit, and Dr Lambercon shall repay t© the Board the amount shown in the “Total Due SD 96 from Lamberson” Fine of Part Il of Exhibit, which is incorporated herein. The repayment shall be due by July 1, 2016, The Board shall sile with the United States Internal Revenue Service, the Illinois Department of Revenue and TRS the appropriste documents to reflect this eduction in Dr. Lamberson's compensation end repayment #8 appropriate for the applicable years, The ‘considerations exchanged in this Agreement do not constitute, and shall not be interpreted as, an ‘admission of feult, wrongdoing iailty or deiciency of any kind on the pat of either the Board (or Dr Lamberson. venThe Booré and De. Lamiberson shi cooperate with each other and TRS in roving TRS with such dooumentaton and taking such action a reasonably quired by TRS to achiove the ceitable earings shown in Eshiit | and the refunds from TRS which wil be due the Board and Dr Lamberson as ees ofthis Agreement. 3, Bscept for bese ofthis Agreement and except as stated herein, the Bost and De. Lamborn waive, relate, and promise not file or eset in any forum, any grievante or lain for damage oss injury of any kind agains the ber vsing toiled damages hue or claimable by the Board and out ofthe compensation due or received by Dr. Lamberson in the form of TRS creiabe earings, slay, vaston, sick Kave eran other benefit won whish “TRS cxeiable earings may be doe which may ess 95 ofthe effective date ofthis Agreement, ‘The Board and Dr. Lamberson further agree act to independently file a claim against the other arising ou of De. Lamiberson’s employment with he Dist but do not waive the right to sock damages of seimbuesement in connection with any other legal determination. The foregoing ‘savers and promises, include bt ar not limited to, any and al ofthe forgoing esis arising under the Hingis Schoo! Code, Title VI ofthe Civil Rights Act of 1964, s amended, 42 U.S.C. 4§520000 er seg. and 42 U.S.C. $19814; 42 US.C,§1981; the Age Discrimination in Employment ‘Act, 29 US. $621 erseq the Americans with Disabiles Act, 42 US.C. §12101 of seq the Family and Medic! Leave Act, 29 WS.C. §2601 ef segs the Hlinois Human Rights Act: the CConsinsons of tho United Stats ed the Ste of Ulin say fer, sate or tcl sta, regulation or ordinance; any and all lms under common la, inclading any claim for breach of omeact; and any and all lms for aromey? fs and cots incre by Dr, Larbersn ofthe Board ia elation o sich claims, AS used inthis paragraph with regad to Dr Lamberson’s waiver, release and promise not 1 fle or assert claims, the term “Board” includes the SshoolDistt, the Board and its members, employees and egents in their official and individual opacities, De. Lamberson and the Board represent that they have read this Agreement and consulted counsel oftheir choice. The panes represent that they understand the terns and provisions ofthis Agreement and ent int t voluntarily without any duress of ue intuence on the part of, oron behalf ofthe otber panty or anyone else, Dr. Lamers acknowledges tat he hasbeen offered atleast 2 days to consider this Agreemeot: tha this Agreement, specifically it waiver and release ally complies wih al ofthe requirement of the OWBPA; he is legally competent to exeeute this Agreement; and that he may revoke this Agreement upon writen notice to the Boar's President given by carted mai, return rosin reyuestd, within seven days ofthe effective date ofthis Agreement De. Lamierson and the Boar, inluding is individual members, reognize that, unless otherwise require by lw orn defense ofa Segal mater, engagement in cond, not cxherwse privileged, which disparages the other isnot in their respective best interests and that each may be subject to laity for defamation or ober elsims of a similr nature for communications which are made arte effective date ofthis Agreement “This Agreement sts forth all of be promises, agreements, terms, conditions and uunesstndings berween the Boanl and Dr. Lamberon concerning TRS creditable amsings, salu, vacation, sick leave and anyother benefit on which TRS steal earnings may be due under the Contacts, Tere ae no promises, agreements or underikings, oa or wen, Exess or inoplid, between Dr Lamberson andthe Boa, excep asst forth inthis Agreement. Exoopt as expresly proved in this Agreement, ao otter poyments for TRS creditable earings, slay, ‘vacation, of sick lave shal be due Dr, Lamberson or the Board.BOARD OF EDUCATION, DR.JONATHAN LAMBERSON ‘SCHOOL DISTRICT 96, Cook County. Minois By: \ é ‘Lined vue 49H | | pact", + ronmsJonathan Lamberson/Corrected TRS Creditable Eaminge and Overpeymant Calculations t6-0960 2000-10 thru 2012-43 Corrected TRS Groditable Earnings ("CE") per Contrecte 20088 200840 «OKOAt «20112 «OTRAS GE 2OIZAB-CE” Total Repayment Aras ate) etn) Base 242,000.00 24e,000.00 030 bein base ie. nboao Vatation 640170 ggea0 lag plan health sfoash swocoss 6402.28 tagose 1924110 17,761.02 retemest contbutons on Nex teresa 1.91662__s.970.20 07041 __4.966.92 1,842.70 ‘Sutera due —paans Tama apis —Topei7s Fiza az 1960376 Incentive due CE price yx 20% 243,769.54 1.20 267.90855 91,184.90 299,420.08 x 1.04 274,923 20 6485.95 514407.16 51.04 18.025 54 = 1,970.20 -6,985.90 298,901.31 sa3.ues4s x1.04- 18,091.32 “great 31985825 S35,817.99 x 1.04-18,241.10 S96 32 seer _ 0,089.28 209,741.60 subtta zeegeaas FAAOTAG — sTa.geRAS S8B81700 35020071 329.345.28 octal pad rettement fhe shove above pe above re. above nc. sbove ine. above ‘vacation pad spat of setlement of 2012-3 vacatontioed damages fase ee. Board paid rettemeng? sgg21as% _13021.038 ‘Total TRS Crditabie Carvings Wasa —Sinaov «GAB ETASVGBITS “Teazia.te 9720071 |. Ovorpayment aooe-op —_aang-to. = a0104t = zottt2 ate, CE Reported TRS Credible Earnings 20020.08 S2L200.07 339.811. BA, TRA.BE—369.80272 366,103.28 Conecied TRS Crise Eanings SM 407 18 _329.865-48 SOG SITE 984.212 14 _297 20875 Exeors Credible EaringsRate oO eaze1 —teae7.89 sunes —zee70se7 WA xoess Greats Eomings!CE (Actual) cae 1894788 ozs © NR 10,087.2087 Repayment by Lamborson (less TRS) Ce a Liqutted Damages Payment by Lanbereon Tota! Dve 8.0.86 rom LambersonIML Explonetory Footnotes "T Gredlabo Famings Reto = 260 x 240 = actual Creed Eemings (CE) "ecation an tiuidsted damages caloulations: $350,200.71 (base Selary W/TRS) ~ 21,287 42 (en) = $829,053.29 ~ 1103759 = $290,122.22 base without TRS $7.22 « 0. 1per com 1 ws cron day T0088 48 f2OH04 etal tin ayn of 29 ed = $17,230.95 ve for unused vacation: $30,000 glist emages 11,230. 18,768.05 quated damages due hom Lamberson *Y¢29,670.58 excuse orollable eamings rate for ERO and 6% purposes ~ refund io S.0, fom TRS tobe determined 4 $318,028.00 crcdieble earings ropeted by Distt fo TRS ler revaton to May 31,2013 fast actual day of work) ~ $903,741.50 contracival earnings = $10,087.30 fexoess earnings, including TRSY80,190.00 e-payment hon Lemborson and $918.21 ehand fom TRS. * Refund ce SO rom Lamberson on $44,198 4 excoss cretabl earings cm 2008-10 trough 2012-43 « 1.109759 = $40,049.87 repayment cue fom Lemborsan nd run of $4,104.87 fom TS ($44,198.94 - 40,043 87 = 415467) © $46,069.88 + 18,769.05 » $88,812.99 toll due rom Lamerson fo SD NOTE: 1 cont cterence between $40,043.87 in fotnole 5 and $40,043.88 in fotnote 8 is dua fo rounding. roams