Jun 5, 2013 at 9:31 am
The buyout of North Dakota University System Chancellor Hamid Shirvani's contract will cost state taxpayers more than a couple of dollars.
System vice chancellor Laura Glatt says the $925,400 buyout includes the two final years of Shirvani's three-year contract, health insurance and retirement benefits, and compensation for annual leave time.
The Board of Higher Education voted Monday to buy out Shirvani's contract. University system spokeswoman Linda Donlin says the money will come from the agency's budget. The agency also paid an outside attorney to handle the negotiations.
Board President Duaine Espegard says he expects someone to be appointed to the post on an interim basis. He says the
board will likely consult with organizations like the American Governing Board and American College Trustees to find a short list