Yes. The resignation would be treated (through mutal
Posted on: February 3, 2017 at 14:43:09 CT
JoplinTiger07 MU
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agreement/negotiation) the same as if the university fired him without cause, which means Kim would receive the annuity (either $300K or $400K) along with his base salary of $300K for the remainder of the 5-year contract.
So, he would be owed approximately another $600K in salary and $300K-400K lump sum from the deferred annuity, or about $1M total.