16.5.10

DISCOURAGING JOB-HOPPING. New University of Illinois president Michael Hogan has a Termination by Employee clause in his contract.
Hogan, the son of a meatpacker and the first in his family to graduate from college, will take over July 1 at a salary of $620,000. Hogan is expected to sign a 5-year contract pending approval by trustees next week. After five years, he will be eligible for $225,000 in retention pay.
This bonus differs from the provision in Northern Illinois football coach Jerry Kill's contract, in which the payment he receives upon voluntary separation (whether reflecting a better offer or a parting of the ways) diminishes with time.

There has to be a research project in here someplace.

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