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| Issued
: 06/00
Classification Code : 03-20.1 |
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POLICY The
Board of Regents recognizes that the recruitment and retention of certain
categories of employees require competitive compensation packages that include
retention and severance elements. To
facilitate the employment of those employees, which the Board of Regents finds
to be in the best interest and in furtherance of the public policies of the
University, this policy authorizes any or all of the benefits described for
persons employed in Executive, Administrative or Head Athletics Coaches
positions. Benefits
payable after termination of employment duties may include salary retention
payments that are contingent upon a specified length of service or the
attainment of a specified service date; sabbaticals or compensated leave payable
after service has ended, contingent upon length of service or attainment of a
specified service date; payments for health or life insurance or annuity
purchases that are contingent upon a specified length of service or the
attainment of a specified service date; payoff amounts specified for
University-initiated termination of employment contracts; moving expenses for
costs incurred after service has ended; or other such payments as the Board of
Regents may approve from time to time. It
is understood that any such benefits or payments are in addition to any other
compensation and benefits that may be authorized during the period of time when
the normal duties of the position are being performed and shall be stated in a
written employment agreement. Any
such written employment agreement shall be available upon appropriate request
under the Missouri Open Meeting and Records Law. This policy shall not be construed as attempting to limit or modify existing contracts or obligations regarding any University employee, or amend tenure and related policies and obligations as may be approved by the Board of Regents. |
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