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    A look at Urban Meyer's new contract.

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    A look at Urban Meyer's new contract.

    Copyright:

    © All Rights Reserved
    Download as PDF or read online from Scribd
    Flag for inappropriate content
    23K views10 pages

    Urban Meyer's New Contract

    Uploaded by

    Eleven Warriors
    A look at Urban Meyer's new contract.

    Copyright:

    © All Rights Reserved
    Download as PDF or read online from Scribd
    Flag for inappropriate content
    of 10
    ‘eS URBAN MEYER EMPLOYMENT AGREEMENT ‘ADDENDUM No. 4 ‘The Ohio State University ("Ohio Stato") and Urban F. Meyer ("Coach") entered into an ‘employment agreement effecive on November 28, 2011, Addendum No. 1 to thal agreement. dated November 19, 2012, Addendum No. 2 to thal agreement dated Novenber 17, 2014 and ‘Addendum No. 3 to that agreement dated April 12, 2015 (collectively, the "Agreement’). Ohio State and Coach hereby desire to modify such Agreement as folows inthis Addendum No. 4: 1) Peragranh 2.1: Paragraph 2.1 shall be deleted and replaced with the folowing: ‘This agreement Is fora fled-term appointment commencing on February 1, 2018 and terminating, without futher notice to Coach, on January 31, 2023. The arti intend that, Unless extended in accordance with the terms hereof, this agreement shal cover employment. fof Coach as head football coach for the 2018, 2019, 2020, 2021 and 2022 intercollegiate football seasons (including pre-season, post-season and championship play) and recruiting for ‘such seasons, as well as preliminary recruiting for the 2023 season. 2) Paragraph 2.4: A new paragraph 2.4 shall be added which states as follows: Coach remains as head coach of the Team through January 31, 2023 (or such eartier {ermination date as may be mutually agreed upon by the partias), Ohio Slate wil give Coach an ‘opportunity to be employed at the University in an administrative role witi duties related to public relations, fund raising, assisting sport administrators with professional development ‘programing for assistant coaches, lecturing in the Masters of Coaching curriculum, or such ‘other or diferent duties as mutually agreed upon withthe Director of Athetcs. Ohio State shal determine sppropriate compensation for such new position prior to its commencement ‘Compensation shall be commensurate with postions held by similarly qualifed personnel at the University and other national peer institutions. Notwithstanding anything inthis Agreement to the contrary the parties agree that, if Coach is employed in such new position, Coach shall not be entiad tothe Buyout Amount, any, sat forth in Section 5.2. 3) Paragraph 3.1.8: Paragraph 3.1.8 shal be deleted and replaced with the folowing: ‘Annual base salary of Eight Hundred Forty Thousand Dollars ($840,(00), which shall be ‘subject to all appicable withholdings and payable in accordance with Ohio ‘State's normal payroll practices. Coach shall be eligibie to receive compensation increases on the combined compensation set forth in Paragraphs 3.1.a, 32 and 3.3, as approved by Ohio Slate's Board of ‘Trustees, on or after February 1, 2019 for the annual contract year of February 1 through January 31. Such combined increases shall not be less than 6%, in the aggregate, per contract, year. 4) Paragraph 3.2, seventh (7) paragraph: Paragraph 3.2, seventh paragraph (including subsection (1) below the seventh paragraph) shall be deleted and replaced withthe following In exchange for these services, Ohio St compensation during his employment as Head Football Coach with Ohio St ‘uarantees that Coach shall receive tthe rale of| {00340506-1} 1 Four Millon Five Hundred Forty-Four Thousand Dollars ($4,544,000) per year. Such compensation shal be paid as folows: (1) For the period beginning February 1, 2018 and for each subsequent “contract year” (February 1 through January 31), Ohio State shall pay Coach Two Millon Five Hundred Twenty-Four Thousand Dollars ($2,624,000) (plus any additonal amounts payable pursuant to Section 3.1.2 in substantially equal monthiy instalments and in ‘2ccordance with normal Ohio State procedures, In addition, forthe period beginning February 1, 2018 and for each subsequent contract year, Ohio State shall contribute ‘One Mion Nine Hundred Seventy Thousand Dollars ($1,970,000) per contract year {o the DC Pian on December 31 of the applicable contract year (or in more frequent instalments as determined by Ohio Stale in. ils solo and. absolule discretion). Notwithstanding the foregoing: (a) to the extent that the Code limits or prohibits such contfibutions from being made lo the DC Plan, Ohio Slate shall Contribute such amounts to @ defined contribution plan that is @ nonqualified deferred compensation plan; and (b) if Cosch is not employed as Head Football Coach on the last day ofthe applicable contract year, the aggregate contribution to the plans described in this Paragraph 3.2(1) for that contract year shall be equal to ‘One Milion Nine Hundred Seventy Thousand Dollars ($1,970,000), multiplied by a ratio, the numerator of which is the number of days Coach was employed as Head Football Coach that contract year, and the denominator of which is 365. (2) Subsection (2) is not modified by this Addendum 4. 5) Paragraph 3.11: Paragraph 3.11 shall be deleted and replaced as folows: (Ohio State shall pay Coach the following sums if he Is employed as Head Football Coach on the fllowing dates: 4) One Hundred Sty Thousand Dollars ($160,000) ~ January 31, 2019, payable within tity (30) days folowing such date; b)_ One Hundred Sixty Thousand Dollars ($160,000) ~ January 31, 2020, payable within thirty (30) days folowing such date; ©) One Hundred Sixty Thousand Dollars ($160,000) ~ January 31, 2021, payable within thirty (30) days folowing such date; and 4) One Hundred Sixty Thousand Dollars ($160,000) - January 31, 2022, payable within thirty (30) days folowing such date. ©) Paragraph 4.1 (8) A new subparagraph (e) shall be added which states as follows: Coach shall promptly report to Ohio State's Deputy Title IX Coordinator for Athletics any know violations of Ohio State's Sexual Misconduct Policy (including, but not imited to, sexual harassment, sexual assault, sexual expolation, inmate violence and staking) that involve any student, faculty, or staff or that isin connection with a university sponsored actvly or event. It Ohio Siate's Deputy Tile IX Coordinator for Athiotcs is not available, then Coach shall make such report promply to Ohio Stale's Tite [X Coordinator. Any emergency situation should be Immediately reported to 911 andlor law enforcement. For purposes of this Section 4.1 ), {00340506-1} 2 "known violation” shall mean a violation or an allegation of a violation of Tite IX that Coach is ‘aware of or has reasonable cause to believe Is taking piace or may have taken place; and 7) Baraaraph 4.10: A new Paragraph 4.10 shall be added which states as flows: Coach and Ohio State recognize the importance ofthe safe and responsible treatment of student-athletes. Coach shall cooperate with Ohio State and the Director to maintal ‘environment focused on student-athlete health, safety and welfare. 8) Paragraph 6.1 (p} A new subparagraph (p) shall be added which states as follows and the numbering within the folowing paragraph shall be modifies as folows: (p) Failure by Coach to promply report to Ohio State's Deputy Title IX Coordinator ~ Athletics or Ohio State's Tite IX Coordinator any known violations of Ohio State's ‘Sexual Misconduct Policy (including, but not limited to, sexual harassment, sexual assaul, se1val exploitation, imate violence and staking) that involve any student, faculy, or staff of thats in connection with a university sponsored acy of event. For purposes of this Section 5.1(p), a "known violation” shall mean a violation or an allegation of a Violation of Title IX that Coach is aware of or has reasonable cause to believe is taking place or may have taken place, It Is recognized that this sub-section (6.1(a}(o)) encompasses findings or determinations of volaions during employment of Coach at Oho Slate or any other inttuion of higher learning. 9) Pargaraph 5.2: Paragraph 5.2 shall be deleted and replaced as folows: If Coach's employment hereunder is terminated by Ohio Stale other than for cause (as

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