DURHAM, N.C. (AP) — North Carolina Central University's chancellor is leaving with nearly $57,000, a relatively small amount of severance for a retiring campus leader.
The News & Observer of Raleigh reports (http://bit.ly/OQbgd0 ) the amount retiring Charlie Nelms gets after five years as chancellor represents about two months of salary plus the payout of accrued leave.
The state university system's policy allows chancellors who served for at least five years to receive full salary during a one-year leave if the leader plans to return to teaching.
That's what happened last year when John Bardo stepped down as Western Carolina University's chancellor. He received leave worth almost $280,000 but did not return to the classroom and is now president of Wichita State University.
A university attorney says reasons for Nelms' payout terms are private.
Information from: The News & Observer, http://www.newsobserver.com