BOE Releases Details of Margin's $120,000 Payout
Confidentiality clause prevents members from publicly evaluating former super
Former Manasquan Schools Superintendent Geraldine Margin will receive $120,000 as part of her separation agreement with the district, documents show.
A confidentiality clause in the agreement bans both the school board and its individual members from publicly evaluating the former superintendent's performance. Additionally, each party agrees to refrain from making any "disparaging" statements regarding the other.
Margin, who officially resigned as the district's superintendent Oct. 31, still had three years left on her contract, which included a base annual salary of $157,000 plus yearly bonuses.
(The agreement is attached to the PDF section of this article.)
Acting-superintendent Robert Mahon, who came aboard in September, is being paid $605 per school day (180 days) -- potentially $108,000 per year.
District officials declined to comment on the agreement, hatched months ago but had to await final approval from the state education commissioner.
According to the deal, Margin will receive three lump sums throughout this school year: $26,250 on Dec. 15; $39,375 on Feb. 15; and $39,375 on May 15.
Margin also is eligible for $14,635 in unused vacation days (24.16), the agreement says.
Former superintendent of Wall schools, James Habel, earlier this year received $400,000 in unused sick and vacation time.