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It is a five-year rollover contract, meaning it will remain a five-year deal at the beginning of each new year.
Nee, 54, received a three-year rollover contract, but he will take a big pay cut at Robert Morris, a school in the Pittsburgh suburb of Coraopolis whose student body is composed largely of commuters.
A firm that fails to respond may only be put on a new rollover contract that lasts for a maximum of a year.
BT, which is one of the companies that uses rollover contracts, said it always gave customers 30 days to opt out of a renewal, and customers also received a cheaper deal when signing up to a rollover contract.
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Last year, O'Leary signed a six-year rollover contract worth about $1.1 million a year.
Andrea Coscelli, the CMA chief executive, said: "Rollover contracts are becoming more and more commonplace and it's essential that they work well for customers.
For example, the regulator has moved towards outlawing rollover contracts (though not banned them altogether), which automatically switch businesses from one long-term locked-in poor deal to another unless they opt out at a specific moment.
"Rollover contracts are unfair and confusing for customers.
The regulator wants to end these rollover contracts, being used with an estimated 3.5 million UK customers.
A similar ban on automatic rollover contracts for land line telephone lines was proposed by communications regulator Ofcom earlier this month.
On Oil, once this contract rollover period (6/22) is over, we're going to be long into the July 4th weekend (7/4) but we'll be happy to take a long poke if we get down to $47.50, regardless of when it happens (something else we discussed in detail in yesterday's Webinar).
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com