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C; IV. COMPENSATION AND EXPENSES <br />The combined estimated cost for two SROs (exclusive of overtime) for the term of this <br />agreement (10 months) is $258,627.89. Mayfield Schools shall pay to the Village one- <br />half of said amount in accordance with the calculation and payment schedule set forth <br />below: <br />Cost of salary and benefits for two SROs, August — December 2021: $127,330.74 <br />Cost of salary and benefits for two SROs, January — May 2022: $131,297.15 <br />Cost for two SROs for 2021-2022 School Year: $258,627.89 <br />Cost to Mayfield Schools for the 10 -month term of this agreement <br />(50% of $258,627.89) $129,313.94 <br />Payment schedule: Mayfield Schools shall pay to the Village $129,313.94 in ten (10) <br />equal installments of $12,931.39 on or before the 1 st day of each month beginning in <br />August 2021 and concluding in May 2022. <br />In addition, Mayfield schools shall pay to the Village 100% of any overtime to which the <br />SROs are entitled under the Collective Bargaining Agreement between the Village and <br />FOP Lodge #57 any time said overtime relates to school or SRO activities. Overtime <br />payments due to the SRO will be billed separately to Mayfield Schools, which shall <br />make payment to the Village within thirty (30) days of the invoice. <br />The term of this MOU shall be from August 1, 2021 through May 31, 2022. Any <br />modifications or extensions will be reflected in writing. <br />VI. NON -WAIVER <br />Nothing in this MOU shall in any way serve to supersede, waive, limit or otherwise affect <br />any rights, privileges and/or immunities afforded to either party under applicable law <br />including but not limited to those contained in Ohio Revised Code, Chapter 2744. <br />3 <br />