Section 6.3: Other Activities: The University recognizes that it is both appropriate and beneficial for Dr. Akakpo to engage in outside activities, such as serving on boards of directors, consulting, delivering speeches, and writing. However, Dr. Akakpo may not engage in outside activities that conflict with his duties to, and responsibilities for, the University or that materially impair his ability to perform such duties.

Section 6.4: Outside Employment: While Dr. Akakpo is employed by the University as President, he may have the opportunity to earn outside income, but only upon the following terms and conditions:

  • Any outside employment shall not interfere with Dr. Akakpo's performance of his duties and obligations as President of the University;
  • In no event shall Dr. Akakpo accept or receive, directly or indirectly, any monies, benefits, or any other gratuity whatsoever from any person, corporation, or any University booster, booster club member, alumni, Alumni Association member, or any other benefactor, if such action would violate any laws, constitutions, bylaws, rules, regulations, or policies of the University or the Commonwealth of Kentucky, as now in existence or as hereinafter enacted or amended;
  • Such activities are independent of Dr. Akakpo's employment by the University, and the University shall have no responsibility or liability for any claims or causes of action of any type whatsoever which may arise therefrom; and
  • Except for the limitations on outside employment as established by this Agreement, or in the laws, constitutions, bylaws, rules, regulations, and policies of the University and the Commonwealth of Kentucky, Dr. Akakpo shall be entitled to retain all revenue generated from outside employment.

ARTICLE VII: REPORTING AUTHORITY

Section 7.1: Dr. Akakpo shall report to the University's Board.

Section 7.2: Dr. Akakpo's job duties and responsibilities may be reviewed, revised, and assigned from time to time, subject to thirty days' written notice by the University's Board.

ARTICLE VIII: SEPARATION OF EMPLOYMENT

Section 8.1: Termination Without Cause: The University may terminate Dr. Akakpo's employment prior to the end of the Term of this Agreement at any time with thirty (30) days' prior notice. If the University terminates Dr. Akakpo for any reason other than for cause (as hereinafter defined), Dr. Akakpo will be eligible for severance pay in accordance with Section 8.5. This is contingent upon Dr. Akakpo returning a signed general release, acceptable to the University, within twenty (20) days of its presentation to him by the University.

Section 8.2: Termination For Cause: The University may terminate Dr. Akakpo for cause at any time after providing written notice. For purposes of this Agreement, the term “For Cause” shall mean: