Liberty pays severance owed to Falwell; further payment under dispute

[TexasTowelie]

Liberty University on Tuesday paid former President Jerry Falwell, Jr. the severance owed under his employment agreement, according to a statement from the university.

The university said Falwell is entitled to two years of his base salary and accrued retirement benefits, which likely totals more than $2 million, according to tax records and past statements by Falwell.

But Falwell, who resigned last month after a series of personal scandals, previously has said his contract entitles him to $10.5 million because the university board placed him on leave without cause, a violation of his employment agreement.

Falwell told several media outlets after his resignation the school owes him $2.5 million over 24 months — the equivalent of two years’ pay — and a lump-sum payment of $8 million after two years.

Read more: https://roanoke.com/news/local/education/liberty-pays-severance-owed-to-falwell-further-payment-under-dispute/article_fd49857a-2635-53eb-9200-d9b725f5b953.html

[3Hotdogs]

1. $2 million......

See, The Lord does provide.

[PJMcK]

2. Hey, Jerry!

Remember that clause in your employment agreement about not embarrassing the school?

You really didn't do yourself or Liberty any favors with your hypocritical behavior.

[spooky3]

4. Several weeks ago, when I asked why the contract did not

Have a clause like this (bad behavior clauses are very common in academia), a DUer scoffed at me, because of Falwell’s dad’s founding the school. Glad to hear that the board or lawyers at the university DID insist on including a termination for cause clause. It sill be interesting to see what the clause says. If you think about it, Falwell would have been in an awkward position if he had argued at the time of hire that the clause was objectionable, since he is such a “good Christian.”

[Fullduplexxx]

3. Lol their dues and fees are going to pay him off