The Newark schools superintendent and president of the Newark Teachers Union have given their formal approval to a groundbreaking contract that ties pay to performance.

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Superintendent Cami Anderson and union president Joseph Del Grosso signed the agreement Thursday afternoon at a Newark school. It goes to teachers for a vote on Oct. 29.

The contract allows for teachers to receive up to $12,500 in pay tied to performance reviews. The merit pay is funded mostly by the $100 million grant to the Newark schools from Facebook founder Mark Zuckerberg.

The contract also sets up a new teacher peer review process.

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