CHICAGO — The former president of Chicago State University will receive half of his $600,000 severance package by Oct. 1.
The Chicago Tribune reports (http://trib.in/2cO6Nxk ) that under Thomas Calhoun Jr.’s deal he will receive the other payout in January. The school’s trustees approved a separation agreement with Calhoun on Friday. The newspaper obtained the agreement through an open records request.
It’s unclear why Calhoun resigned. The agreement includes a provision that neither Calhoun nor trustees discuss circumstances of his departure.
The agreement says Calhoun must move out of the president’s house by Oct. 1 and provides him with up to $5,000 in moving expenses. He also is to be paid for unused vacation time. Calhoun had the job for nine months. His contract was to run through 2020.
Information from: Chicago Tribune, http://www.chicagotribune.com