A contract of employment shall be entered into between the managing body and a local director subject to the following conditions:

1. (1) The minimum term of the initial contract must be the equivalent of two (2) school years.

2. (2) The contract may be altered, modified, or rescinded in favor of a new contract at any time by mutual consent of the managing body and the local director if the written contract is consistent with this chapter.

   [Pre-2005 Elementary and Secondary Education Recodification Citation: 20-6.1-4-23.]

As added by P.L.1-2005, SEC.12. Amended by P.L.43-2021, SEC.93; P.L.74-2026, SEC.104.