
Originally Posted by
Dowty
These are the terms laid out in the 2017 contract. I would imagine the current one is written exactly the same except for the salary amounts since the auto-extension was built into this one.
13.0
Termination Without Cause
13.1
If the UNIVERSITY terminates this CONTRACT without cause, as liquidated
damages, the FOUNDATION shall pay COACH his total annual compensation (see Paragraphs
3.1 and 3.2) remaining on this CONTRACT that would have been earned but for UNIVERSITY'S
termination without cause. These amounts shall be payable by the FOUNDATION solely through
its athletic funds. The amount due for the calendar year in which termination without cause occurs
shall be payable within thirty (30) days of termination without cause. The remaining balance shall
be payable in equal installments, with the first installment due on July 15 following termination
without cause and all subsequent installments payable by July 15 of each successive year until paid
in full. FOUNDATION may accelerate payments to COACH without penalty. However, in no
event will such payments be subject to any offset and/or mitigation.