In a unanimous decision the Shelby County Unified School Board approved Superintendent Dr. Kriner Cash's buyout severance proposal at Thursday evening's meeting.
He will no longer serve as superintendent but will hold an advisory position through July 2013.
Dr. Cash will receive six months of his salary at approximately $140,000, and an additional $17,000 in moving and legal expenses. As a part of this buyout, Dr. Cash requested that both parties release the other from any prior contracts and obligations.
MORE: Teachers may soon pay more for health care
Dr. Cash has been traveling the country interviewing for other jobs since the merger process began.
The now former superintendent says there needs to be "one voice" to take the board through the school merger transition.
"We're at a critical junction in this story, this historic moment in our community," Dr. Cash said. "The decisions that are ahead are unlike any other we have faced and they're so important that we need one voice, one leader, one decision maker."
With Dr. Cash's immediate resignation, this leaves John Aitken as Shelby County Schools superintendent, but he will not be superintendent of the whole school system. He will remain a leader in the school merger process.
According to Dorsey Hobson, general counsel for the school board, there cannot be one superintendent for two separate school districts. Dr. Cash's buyout means there's a vacancy for Memphis City Schools superintendent.
We're also still waiting to hear who will be selected to fill the position for Unified Schools.
Many staff members will be laid off as a result of the merged school system and will not receive a severance.
For teachers and higher paid staff, the board could propose that they are offered a severance too, but it's unlikely because of the deficit the Unified School System faces. Custodians, bus drivers, cafeteria workers and similar employees will not see a severance regardless.