New SIU President Has Refund Clause in Contract
CARBONDALE, Ill. (AP) – The incoming president at Southern Illinois University will have to pay $250,000 if he leaves his new post within three and a half years.
That’s according to a report by The (Carbondale) Southern Illinoisan.
The newspaper says there’s a clause in Randy Dunn’s four-year contract that requires him to reimburse the school.
Dunn is president of Youngstown State University in Ohio, but announced he was leaving the job after seven months.
SIU Board of Trustees Chairman Randal Thomas says the money covers the cost of another presidential search.
SIU’s board last month hired Dunn to succeed Glenn Poshard, who has said he plans to step down from SIU’s helm at the end of June.
Dunn has said he expects to begin work July 1.
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