RELEASE OF ALL CLAIMS AND SETTLEMENT AGREEMENT : T:F- This Release of all Claims and Settlement Agreement, made and entered into this day of March,20ll, by and between the Huron School District No. 2-2 and its Board l-i "T of Education, of Huron, South Dakota, hereinafter referred to as "District" and Ross Opsal, Superintendent of said District, Huron, South Dakota, hereinafter referred to as "Opsal,,. WHEREAS, District is a public school district with its principal place of business in Huron, South Dakota, and opsal is Superintendent of said District; and WHEREAS, Opsal has a Superintendent's Contract with said District dated June 28, 201 0 and executed January 1 , 2011 , a copy of said contract is attached hereto, marked Exhibit and incorporated herein by reference the same as if set forth in 1, full; and WHEREAS, said contract provides that Opsal shall fulfill the duties and obligations of Superintendent of District for a term of three (3) years, commencing July l,2OlO and concluding on June 30,2013; and WHEREAS, the parties have agreed that Opsal's employment with district should cease and terminate immediately upon execution of this agreement; NOW, THEREFORE, in consideration of the mutual promises and covenants herein made, and in order to permit the parties to avoid litigation disruption of services to the District, and, the 1. well being of both parties, the parties agree as follows: Opsal hereby officially resigns his emplolmrent with District, effective immediately upon execution of this agreement by both parties. 2. Pursuant to paragraph 5 of Superintendent's Contract, Exhibit l, District shall pay Opsal all monies due on his annual base salary rate of $110,000.00, together with $6,600.00 in "quirut"rt retirement benefit or a total of $ 1 16,600.00, commencing March l, Z0l1 through June ;- 30,2011. Additionally, District shall pay Opsal the same amount commencing July through June 30, 2012. l, 21ll, All of said compensation shall be paid to Opsal in installments of lllT of that amount on the 20tl'of each month. 3. Further, pursuant to paragraph 10 of said Superintendent's Contract, Exhibit shall provide $ 1, I 99.84 per insurance commencing 4. l, District month for Opsal to purchase hospitalization and major medical April 1,2071, through June 12,2Ol2 Notwithstanding the payments of salary and insurance as set forth in paragraphs 2 and3 hereinabove Opsal hereby agrees to legitimately and actively seek employment as a school administrator and agrees to demonstrate to District on a monthly basis, his efforts at securing school administrative employment. Immediately upon Opsal's employment as a school administrator, the pa5rments of salary and insurance as called for in paragraphs 2 and 3 hereinabove shall cease and District's obligations to Opsal shall end. Notwithstanding the foregoing, if Opsal secures employment at a salary less than $110,000.00 per year, District shall continue to pay Opsal the difference between his new employer's salary and $l10,000.00, but in no event, beyond June 30, 2012. Further, District's obligations for payments pursuant to paragraphs 2 and 3 hereinabove shall also cease if Opsal refuses a bonafide legitimate offer of employnent as a school administrator in South Dakota or Iowa. In order to assist Opsal's employment search, District agrees that the current board Chairman, John Halbkat, shall be designated as spokesman for recommendations from District and that Halbkat is hereby authorized by the parties, to give a "neutral" recommendation. It is specifically acknowledged by both parties to this agreement that the parties understand the term "neutral" recommendation and what that term encompasses. 5. The parties further agree that all other obligations and provisions of Superintendent's Contract, Exhibit 1, shall be null and void upon execution of this Release of all Claims and Settlement Agreement. 6. Pursuant to SDCL 1-27-1.5(20), the parties mutually agree and stipulate that this Release of all Claims and Settlement Agreement is declared closed and confidential. Specifically, it is understood and agreed by District and Opsal and Opsal's spouse, that the contents of this document shall be considered confidential and shall not be disclosed to any third person or entity by either District or Opsal except with the prior written approval of the other party or upon the Order of a Court of competent jurisdiction, which Order shall be disputed with all vigor by the party who may be sued to compel its disclosure. However, the parties may disclose such document to their attomey or accountant as is necessary in the regular course of business. Violation of this provision compelling confidentiality shall render the party, including Opsal's spouse, disclosing the contents of this Release, liable for all consequential damages suffered by the other party on account of such disclosure. 7 . In consideration of the foregoing, Opsal agrees for himself and his heirs, legal representatives and assigns to release and forever discharge District, its Board of Education, its employees, its successors and assigns, of and from all claims, demands, actions and causes of actions of any kind or nature, at law or in equity, based upon Superintendent's Contract, Exhibit 1, or any matter relating to Opsal's employment with District. This Release applies to all past and existing claims, including, without limitation, such rights of Opsal under the Superintendent's Contract, Exhibit 8. l. This Release contains the entire agreement between the parties hereto and supersedes and replaces all prior negotiations or proposed settlements, written or verbal. The terms of this Release are contractual and not merely a recital. The parties acknowledge that they have read this Release, know the contents thereof, and execute the same as their own free and knowing act. That they have relied upon the advise of their attorney, who is the attorney of their own choice, and that the terms of this Release have been completely read and explained to them by that attorney, and that those terms are fully understood and voluntarily accepted. 9. In entering and making this Release of all Claims and Settlement Agreement, each party assumes the risk of any mistake of fact, or law. If the parties to this agreement, or either of them, should later discover that any fact they relied upon in entering this Release of all Claims and Settlement Agreement, is not true, or that their understanding of the facts and law was incorrect, they shall not be entitled to seek rescission of this Release of all Claims and Settlement Agreement, by reason of their own mistake. This Agreement is final and binding upon the parties regardless of any mistake of fact or law. 10. The language of this Release of all Claims and Settlement Agreement shall be construed as a whole, according to its fair meaning and intent, and not strictly for or against any party, regardless of who drafted or was principally responsible for drafting the Agreement, or any specific term or condition thereof. This Agreement shall be deemed to be drafted by all parties and no party shall urge otherwise. 11. This Agreement shall be construed and enforced pursuant to the laws of the State of South Dakota. 12. Should any provision of this Agreement be held illegal, such illegality shall not invalidate the whole of this Agreement; instead, the Agreement shall be construed as if it did not contain the illegal part, and the rights and obligations of the parties shall be construed and enforced accordingly. IN WITNESS WHEREOF, the parties have executed this agreement the date and year first above written. IN WITNESS HEREOF, I have executed this Agreement: Dated this 'y] day of March,2017. HURO r: r' ,' Dated this i ',. .-ii j 5 CHOOL DISTRICT 2-2 By: Its: .- day of March, 201 1. !, Ross Opsal STATE OF SOUTH DAKOTA ) :SS COUNTY OF BEADLE ) I -'l day of Mar ch,2Ol1, before me, the undersigned officer, personally On this the -F"l,lrK, appeared , who acknowledged him/herself to be the Board President ,.' 2-2, and that he/she, as such Board President being authorized so to do, District Hrrron of School executed the fcregoing instrument for the corporation by him/herself as Board President. Jii t Notary Public I-?r, ,,-,. My commission expire (sEAL) STATE OF SOUTH DAKOTA ) :ss COUNTY OF BEADPJ, \,-- ) tt'-L"diy of March,20Il,before me, the undersigned officer, personally On this the appeared Ross Opsal, known to me or satisfactorily proven to be the person whose name is subscribed to the within instrument and acknowledged that he executed the same for the purposes therein contained. IN WITNESS WHEREOF I hereunto set my hand and . (sE,{I-) t il (--__ Notary Public My commission expires: " ,-.\ ) I t/ I -' j" r- |t 't ' .J- /_'/t:'