College President Employment Agreement

14 Sep College President Employment Agreement

Rushing this process, which results in not asking enough questions or asking the right questions, will certainly earn the future president less than he earns, and not only less money, but also fewer appropriate protective measures. Lawyers for university or university tend to start with a contract more or less “forms”, often based on what the previous president had signed. It may be a starting point, but it should not be an end point for a good treaty, let alone for the best possible treaty in the particular circumstances. Here, the old aphorism applies: sign in a hurry, regret quietly. It is understandable that the up-and-coming presidents do not want to divert attention from their ongoing dialogue with the Board of Trustees on the important issues facing the academic institution. As a result, his lawyer should be there to advance and protect the presidential candidate`s own interests. In addition, some presidents may feel cautious when it comes to integrating their personal needs, especially their financial needs, into the agenda of the college or university. They will therefore avoid fierce negotiations and deem them more appropriate for the football coach (often paid several times what the president deserves). Q. How do you handle the board`s attempt to reduce the president`s base salary under the guise of preventing the proposed compensation from conflicting with tax sanctions known as “intermediate sanctions”? However, the fact that some decisions may be dictated by reality – in fact, School C may simply be too far behind the curve – does not mean that the candidate has to give in to their fear and accept the first decent offer just to cope with an uncomfortable process.

The presidential candidate looking for the best deal relaxes, takes a step back and makes a lawyer discover where to get the best deal. The contractual conditions between the president and the university or university, represented by its board of directors, are all the more important. A priest or vice president who is offered to become chief officer of a university or university can expect a significant increase in remuneration. Too often, this wage jump becomes the only focus of a candidate`s concerns. In fact, there are many other important aspects of the presidential treaty that require analysis and negotiation. One of my first legal mentors corrected all the young lawyers who had the audacity and bad judgment to call each part of an agreement a boilerplate. He was absolutely right. Now that I have judged the importance and effect of almost all so-called “standard” clauses in a trade agreement, I can show you, clause by clause, how each of them has or could have dramatic consequences on the claims and duties of my clients. Finally, presidents must seriously negotiate their contracts, whether it is a first treaty or a seventh extension, not only to protect their own needs, but also to make it clear that they approach their own agreements with the same thought, diligence, special attention and attention that they will use to deal with the multitude of difficult issues, Which they inevitably face in the work itself. Since multiannual treaties are the norm today, presidents will have only a small number of opportunities to improve their own situation. An experienced lawyer can maximize these opportunities while protecting a president and keeping any controversies in the background.

A. Extremely important, and it is often a concept that is negotiated with care and virulence between the parties. While there are a few reasons for the “cause” that are absolute (criminal behavior, moral turpitude), there are other types of “cause” that the president can “cure” after notification (for example, the president may have misunderstood that a particular task was not optional, but was a critical instruction from the board of directors). . . .