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, in unused sick and vacation time. 

Good One November 16, 2012 at 01:09 AM
Just read the agreement and I like the staggered payments. Presumably they're gross and she has to pay her own taxes. Stretching out the money is good for the districts finances and keeps Margin in check with her behavior and comments. Surely if she slips on any of the clauses her payments cease. Hope her followers understand if they screw up they probably complicate things for her also.
Tony K November 16, 2012 at 03:06 PM
@local you are correct about straying from the story, but its just too easy where this dope is concerned. Jim Smith. Abruptly quit "volunteering" his time doing video highlight tapes because he wanted to ride the team bus, unwilling to drive his own car to games -- even though he does now. He publicly stated "why should I use my own gas and car?" Jim Smith. Refused to quit the board when his highly qualified niece wanted a job in the district. Had he quit, she'd have received a teaching position. Jim Smith. Falsely accused prominent local residents of committing crimes to get closer to Geraldine Margin. When caught and confronted, he immediately resigned. Real quality guy this Jim Smith. Hope it was worth it. What does your Mrs. think about your infatuation issues? And @squanmom you are 100% correct because since Jim had no job (for 30 years) ALL he did was go sit at the school acting like he was important.
Not Mike Shelton November 17, 2012 at 04:53 AM
Which one of you is the GREAT Mike Shelton? Squan 1, or Squanish? You got what you wanted, now let it drop. You've been down this road before--trying to sue builders for work not finished then running away like a dog with his tail between his legs!
Charlie LaPlaca November 17, 2012 at 04:54 PM
Folks, if any of your posts have been removed its because they contained personal attacks. Using profane language isn't the only way to get flagged. Let's keep things on topic.
MHS Grad November 18, 2012 at 09:07 PM
@squan i like the accountability stuff we should make the people that hired and rehired geraldine margin pay the $120000, 12 board members that's about $10000 each!


More »
Got a question? Something on your mind? Talk to your community, directly.
Note Article
Just a short thought to get the word out quickly about anything in your neighborhood.
Share something with your neighbors.What's on your mind?What's on your mind?Make an announcement, speak your mind, or sell somethingPost something
See more »