claims may include, for example, employment discrimination claims by current or former employees, breach of contract disputes, claims for personal injury or property damage, and any other claim that has been or could be filed in a legal or administrative forum.
A contested right or claim asserted by or against KSU, its regents, or its employees (acting in their official capacity or for whom KSU is providing a defense and indemnification), whether or not formal legal proceedings have been initiated. This includes, but is not limited to, employment discrimination claims, breach of contract disputes, and personal injury or property damage claims.
A formal agreement or resolution of a disputed legal claim, mutually agreed upon by the parties, which typically involves a compromise or concession by one (1) or more parties to resolve the dispute without further litigation or adjudication.
Settlements of disputed legal claims involving a payment by KSU of more than $300,000 may be approved only by the Board.
All other settlements, meaning those involving a payment by KSU of $300,000 or less, or the receipt of any amount, may be approved by the President.
All settlement approvals should occur in consultation with the General Counsel, the Vice President of Finance & Administration, and other KSU officials who may have involvement or relevant information regarding the matter.
Notwithstanding the above, any settlement of a dispute in which the President is a named defendant in litigation may be approved only by the Chair of the Board.
Agreements that reduce approved settlements to writing may be signed on behalf of KSU only by the President.
If the President is a named defendant in litigation, and the Chair of the Board has approved the settlement, the related settlement agreement may be signed only by the Chair of the Board or the Chair's designee.
The Office of General Counsel is responsible for preparing, or reviewing and approving as to form, all settlement agreements and related legal documents.