• To maintain satisfactory senior-level relationships with third parties, including professional advisors, charitable supporters, governments, agencies of governments, and neighboring communities;
  • To protect the reputation and image of the University;
  • To carry out all duties and responsibilities in a manner consistent with the University's core values of mutual respect and equity; and
  • To serve as the University's chief spokesperson.

Section 3.4: Dr. Akakpo understands and agrees that the duties and responsibilities, as reflected in Article III, are not exhaustive of his duties and responsibilities as President. Dr. Akakpo further understands and agrees that he shall be assigned other duties and responsibilities by the Board and that he shall be expected to carry out such assigned duties and responsibilities promptly and diligently.

ARTICLE IV: COMPENSATION, FRINGE BENEFITS, AND INCENTIVES

Section 4.1: Base Salary: In consideration for the terms and conditions of this Agreement, the University shall pay Dr. Akakpo an annual salary of Three Hundred Twenty-Five Thousand Dollars ($325,000.00), which does not include those fringe benefits that Dr. Akakpo is required or entitled to take pursuant to state law and University policy. The salary shall be payable in monthly installments, in accordance with the University's payroll cycle. Dr. Akakpo shall be eligible for increases in salary during the Term of this Agreement at such times and in such amounts, if any, as determined by the Board through its sole and absolute discretion. During the Term of this Agreement, Dr. Akakpo's base salary may also be decreased if the University enters into financial exigency or requires budget cuts. Dr. Akakpo agrees that all compensation from the University is subject to normal deductions and withholdings for local, state, and federal taxes, and for retirement and other benefits to which Dr. Akakpo is entitled or to which he voluntarily elects, subject to the terms and conditions of Article IV of this Agreement.

Section 4.2: Travel Reimbursement: The University will reimburse Dr. Akakpo for all travel and out-of-pocket expenses reasonably incurred by him for the purpose of, or in connection with, the performance of his duties as President under this Agreement. Such reimbursements shall be made in accordance with University travel policies and the laws of the Commonwealth of Kentucky. In those circumstances where it is appropriate for Dr. Akakpo's spouse to travel with him for official University functions or other professional meetings, including, but not limited to, University sporting events, alumni meetings, speaking engagements, association meetings, and conferences, Dr. Akakpo's spouse's travel costs shall also be reimbursed, but only up to Five Thousand Dollars ($5,000) per year.

Section 4.3: Fringe Benefits: Dr. Akakpo shall be entitled to the following fringe benefits ("Fringe Benefits"):

  • The standard fringe benefits available to University employees, as defined by the University’s personnel policies, including medical insurance, dental insurance, term life insurance, long-term disability insurance, and standard contributions to a mandatory retirement plan.
  • Certain voluntary benefits available at Dr. Akakpo's own cost;
  • The University shall pay Dr. Akakpo's professional membership fees, up to a maximum of One Thousand Dollars ($1,000) per calendar year;