OU President-designate James Gallogly signed an employment agreement with the Board of Regents, which was released April 19 to The Daily.
Here are some of the highlights:
Salary and benefits
The agreement lists Gallogly's annual salary as $500,000, which will be paid in installments based on OU's payroll procedures. Any increase or decrease in the salary will also be up to the discretion of the regents.
Gallogly and his wife, Janet, will also receive benefit programs offered to university employees, including health care, according to the agreement. The agreement also provides any additional benefits outlined in the Faculty Handbook.
Boyd House and relocation costs
The agreement also says Gallogly will live in Boyd House permanently during the entirety of his term. While Gallogly is required to live in Boyd House, his family members have the option to live in-house.
All utilities for the house will be paid for by the regents. The agreement also says the regents will "provide sufficient household staff for the performance of presidential duties."
The regents will also pay for any costs incurred by Gallogly in his relocation to Boyd House. The cost of this relocation is not to exceed $50,000, according to the agreement.
Employment duties
The agreement explicitly requires that Gallogly report directly to the regents. The listed requirements of the president in the agreement include but are not limited to:
Management of the faculty and institutional leadership at OU
Fundraising
Public relations
Budget formulation
Long-range planning
Maintaining relationships with federal, state and local governments
Termination and confidentiality
The agreement can be terminated by either Gallogly or the regents, with or without cause, if there is a 60-day written notice. Though the salary would be paid during the 60-day period, the regents could force Gallogly to cease work at any time during the period. The agreement also would be terminated in the event of Gallogly's death.
The agreement allows Gallogly access to "confidential information, trade secrets, proprietary methods and other data which is the property of and integral to the operation and success of the university."
The agreement requires Gallogly not to divulge this information to a third party during his time in office and during the two years after the conclusion of his presidency.
It is also stipulated that Gallogly shall not "induce or attempt to induce" any current employee of OU to work for any third party during his time in office and during the two years following termination of the contract.
