Approval of Registry Contract.
At the June 27, 2022 Board meeting, the Kentucky State University Board of Regents approved the appointment of Dr. Ronald A. Johnson to serve as interim President for Kentucky State University, effective July 1, 2022. Kentucky State University now seeks Board approval of the Registry Services Agreement for Interim President.
The University will provide adequate working conditions and clerical assistance and supplies as the University deems necessary for Registry to perform its obligations under this Agreement.
Payment in consideration of this Agreement shall be in the amount of an annualized consultant's fee of $250,000.00 + a 30% Registry fee (reduced from 33%) of $75,000.00 to be paid monthly, by Kentucky State University to the Registry in the amount of $27,083.33: $20,833.33 for Ronald A. Johnson and $6,250.00 for Registry fee. In addition, Dr. Johnson will also be provided mutually agreeable furnished housing as well as reimbursement for pre-approved travel related expenses to arrive at the beginning of the assignment and to depart at the conclusion of the assignment.
Board Chair recommends that the Kentucky State University Board of Regents approve the Registry Contract.
Approve the Registry Contract.