Wednesday, August 3, 2016

UA's departing head of fundraising to get $103,000 in settlement agreement

Posted By on Wed, Aug 3, 2016 at 10:52 AM

Chris Wyrick, the University of Arkansas's former vice chancellor for advancement (i.e., raising money), will receive approximately $103,000 from the UA as part of a severance agreement signed by both parties, according to a document provided by UA spokesperson Mark Rushing.

Wyrick departed the position as of Monday, but the agreement stipulates his resignation is technically effective November 30. Until that date, he'll continue to carry out "work-related job duties" as assigned by Chancellor Joseph Steinmetz and will continue earning his salary for the four-month period, unless he finds other employment before Nov. 30. Wyrick's annual salary as vice chancellor $310,000 annually

The agreement says Wyrick's resignation was voluntary. It prevents Wyrick from suing the university, and stipulates that neither party will make disparaging remarks about the other.

Here's the settlement agreement. Here's Wyrick's resignation letter.

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