There are so many variables here regarding the terms of the contract. I seriously doubt its a true fixed-term contract, and if it is, the fixed-term clause could likely be challenged if its been renewed more than once. Big picture, the organization clearly wants a smooth transition at the ED position.  Given that there are practically always grounds to challenge restrictive fixed-term or termination provisions in employment contracts, for a departing ED there is likely lots of room for amicably negotiating a reasonable exit package. Consult an experienced employment lawyer for advice and guidance.

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