After further review of the Annotated Head Contract published in I&P earlier this year, ISM has decided to clarify one of the sections of the sample contract. The paragraph in question (No. 14) states: “In the event Head breaches this agreement or is terminated for cause (including but not limited to gross misconduct, insubordination, failure to perform), School, in addition to all other applicable remedies, may cease all forms of compensation immediately. The parties agree that calculation of actual damages to the school would be extremely difficult and therefore agree that an amount of $______ per day, for the remaining days of the contract, will be payable to the school by the Head as liquidated damages.”