EMPLOYMENT AGREEMENT ‘This EMPLOVMENT AGREEMENT (his “Agremsnt) is catered int and efctv thise!B day of 2021 by and between the Board of Trustees the “Boud") of New College of Fla ie “College” and Patricia Okker (ho “Presiden” or “Dr, Oke), inividualy BACKGROUND WHEREAS, th Colle i sat assisted degre grating istution of higher action: nd. WHEREAS, the College desires to retain the ervies of Dr. Okke as its Preside al Dr. Okker sires to serve the College as its resident under the speci terms and condition of employment edi ths Agreement: and WHEREAS, Dr. Okker andthe Cllgs have fel negotiated their espetive terms and conditions ‘femployment and have reached agreemont on sick mates: an. WHEREAS, the College will perfom some ofits obligations tough tbe New Callge Found, Florida $01(043) Dice Support Organization ofthe Calg NOW. THEREFORE, in onsderaion of promises, covenants and agreement ofthe paris ‘wtaine heen. the partis ntending to be eally bound gre tha the above recitals ar caret and further agro flows TERMS }. Basin and Dates 4 Baskin, The Collye wil employ Dr. Oke ste President and Chi Exsvuive Officer of the College , TexmotEmplaument The Term of inploymsnt as Presidnt under this Agreement wil bein ‘on July 1, 2021, and wil end on June 30.2026, The Term of Employment may be extend By bh ats for tonal one-year pees subject othe povson of paragraph 3. Any reneval ofthis Agreements subject 0 confirmation of Dr Okker' reappoint by Iie Board of Goveman, ‘© ais During th Term of Employment, Dr. Okker wil diligent devote her fl profesonst ‘ime, ability, nd stenton othe éay-to-day apeatins ofthe Colles, ncading witht Fitton, ll adinisteatve,exceutve and academic funtion as required by arate and ‘regulation. Dr. Okkr’'s powers a dis ea stated inthe State University System of| Florida Board of Govemors regulations, n Board of Trustees us, austin, policies and procedures, and in he laws ofthe Stat of Fai thoy presetly exist my beret be ‘mended a willnelade sch ther duties as may be reasonably asic to ery the Boar. As chi executive office ofthe College, Dr. Oke shal be respons foe the oversight fll specs the College's civics and performance conformance wih the provisions of ad regulations. ules, polices, procedure and laws. The Board recognizes the beni tthe Collegeof Dz Oer participating in vie, harible, corporate, cational pd cull stv that ae consistent wih er posion and of nei ofthe Cllgs. Any pa etivtyby ouside patie suchas servis on corporate basis, speaking engtcents, authorship consuting must ecive peor approval ofthe Board Chai, eich sal began only ita ssitcan be demonstrated suc apo wil not nerfs withthe Presidents tes under this Agent I pproved, Dr. Ober aay retain any sich compensation a permite by te ws ofthe Stat of Ford 4 General Cooperation Covenant Without limitation of te obligations specifi inthis “Agreement and applicable New College eles, regulations, plik an posed. Dr. Other, goes o cooperate filly in any evi r investigation involving New College mates hich she may possess pertinent information, This ebligatio shal survive the expiration ‘arieeminstion of this Agreement 2 Compensution Benefits during Term of Emalovment 4. Base Salarvand Option for Deferred Compensation, As compensation fr he services uring th Term of Employment devrbed inthis Agresmen, the College wll ay Dr, Obker a ‘se anual salary of $308.00 which shal acre om a prota asi, The base say sl ‘id from College funds tothe exten permite by lw with th balance be Faned by the ‘New College Foundation, Dr. Okkers base salary wil be pai in aecordace with he ‘istomary payroll practices of the College. De. Other will reeive incre in base slay which re the eater of such increase auterized by the legit ofthe Sta of Flori 1 sch neeaseautorized by the Board Daring the Term of Employment, Dr. Okker may eet ‘odefera portion of er base annual salary to any of the College's deere competion plans deemed appeopriate for sch contribution sed upon the requirements of such plan, 1. Moving Expenses. The College wil provide a onesie slay stipend of $35.00 inf of "moving cost to offit the cost of packing snd moving Dr. Oks howshold gods or ater incidental costs associated withthe rnin 10 he Sarasota are, Reimbursement wl ke rovided onthe fist avaiable biweekly parol follwing Dr. Okke' ist ten days on ens, {Automobile Provision and Expenses During the Term of Fimploymet, Dr Okra ‘eseivean annual $8,000 alowanes forthe we of ker enon automobile. Payer sich se hal be pro-rated bi-weekly pad in accordance with easomry payroll practices of the College ad sal be fund bythe New College Foundation, 4 Vasation and Sick Leave During the Term of Enploymen, Dr, Okker will sive anual an sik eave and other benefits at least equa those provided wo member othe New Coleg Fords Exewtive Service casifistion, © Benefits. During the Teom of Employment ond thereafer as agi by kor pet by ‘he terms of te aplicabe plans) the Cll sal provide mei insurance benefits ‘etirement benefits, life insurance benef, diabiliy benef, and ose Benefis equal o hose nde plans provided members ofthe Now Coleeof Florida Exsetive Service tascation, a such plans may be amended President's Housing, During the Team of Employment, the New College Foun will Provide Dr. Ok with $40,000 00 annua housing allowance ini ofthe College provingPresident's residence. Payment of allowance sal be prot bi-wechy and pilin accordance with estoy payroll patics ofthe Coles. Faculty Appointment, Pending a recommendation fom Academie Afi, nd the approval oft cent President and Board of Tres, and upon expiration ofthis Agreement and he ‘Term of Employment, Dr, Okker wll ave the ight to ass filme teaching positon as 3 faculty member ofthe Colee as tenured Professor of English nd wil repr t the Chaiof the Division of Huan: In er teaching position, Dr. Okkcr sl perform al reasonable utes that would eda beastocintd with such position inlding, bat ot ite. ‘caching requirements as exablished by College regulations and pois. In auton Yo the ‘oxinary cmployment-tlated benefits provided to fils teaching fcuk members, Dr ‘Okke shall eeive an iil base salary of $150.00 or an na base sary equal the sverige ofthe base salary of the to thos highest pid fully member a the me she sues ful ime teaching feu responsibil, wbiceser is ight. Theta, Dr, Okker wil ligile for any salary inereases and bones povided real, lime teaching faculy members. Profesional Development Leave. ler Jun 30, 2026, Dr, Oks wl bent to a on year (12 month proftsionl development ave compensa at her hen cent base sry and benefited in Seton 2e hecn. Such ewe sl be taken only upon the caelsin of Dr. Oider's Term of Employment as Presiden. This profesional development leave iso ‘permit De. Okker a zt hr touching nd sec pie rtuing to th fal New Collegeof Farida. Dr. Okker acces employment with nent thr than the College Prior fo the conclusion of her professional development eve, then such profesional evelopment eave shal immediately cease fective onthe dite ta the new employment commences and no farther compensation for profesional develope lave wl i one. Any pi oui activity tht hs ceived pproval pir exprtion or termination of his ‘goement shall ot be considered employment unde this ton, © Inletual Property. Dr. Okkers ownership of inlet props wl be governed bylaw regulations ofthe Florida Board of Governors andthe Bordo Traces. 4. Berlodie Reviews, Renewal ad Retention Bonu Reviews, Reviws based on gous and outcomes preps by th President and approved by the Board will occur periodically. By March sth of ach yar, the Pest wil submit tote Board of Testes a writen asessmont ofthe stat ofthe Colles, and progress on specific 2 and outcomes as matsly agreed upor bythe Board of Testes and the President. The report willadress the extent to wich the goal nd pris adopted by the Bou ave been _secomplitsd and propose gals and outeome fo the llwing yest begining July 1 Renewal Mer he nial five (8) year em of employment anno ltr than March 3 ofeach yer thereafer. the Board an Dr. Ober sal confi in writing ay intent to renew o decline ener tome -042421 3to renew the Agreement foran addons one-year term. Any approval and renwal of his Agreement is sibject to confirmation af De Other's eappoiniment bythe Rowd f Gover, © Relsntion Bonus Should De Okker contin to serve as President on uly Ist of any yar. he ill be ened ta retemton bonus 0 $30.00. Half of he bonis wl ep within ity ys ar July Isto any yoar. Half he bos wil be pid within ity days sujet to mesg ‘outcemes mutually agreed upon by De. Okker aa th Boa 3 the Proc Review, ‘Termination or Resienation 4 The College may teins his Agrement without cause afer fst giving not es than 120 Resignation by Dr. Ober without Breach Inthe cnt hat Dr, Oke dsies resign ht ‘han because a beach a his Agreemen! by the College, Dr. Okks a terminate this ‘Agresment by signing aris giving not ss han 90 clear das writen nif th oligo intention to tema © Termination for Cause bv the Coleg. This Agresmsn yas be terminated at any tine or auseby the College. The College may terminate with cause upon a majority vot ofthe Boar Cause shall mean upon the occurence fone of the following event or actos by Dr, Oke iL A dtiterat an acta violation othe tis tft inthis Agresmen inlng ‘efisal or unwilingses 1 perform sich ties in god fut and the es of be bilities. aera nice and reasonable oppotniy to cur ii. Any conduct constituting moral uptue that would bing public dirspect, conten, ‘eda upon the College, i, Violation of State of Florida aw. rl, elation, Constittional provision, ora College rule, eguation or ply which violation may in the jagment of the Boars dversly fet upon andor adversely atthe Cole, 4 Termination for Cause be Dr, Oke In he event the Colley breaches the tems of hs “Agrement and such brsch i ot curd within 30 culendar dy of writen noice of the rach ois not breach hat nay be cred, Dr, Okkcr shall hve th right to eminathis Agrement. any time threat upon writen note of sch einai othe othe pat Efe of Termination. Upon triton of this Agree! by the Colles for eats, the Collegs not obligated to py any further aay, severance a benoit, nor wl hte Be ight to assume any kind of teaching positon tthe College, Upon einstion of this Agreement ‘fer than bythe College For cass, thr pry sal ave any fart aistion excep as provided herein. Ith Agreement striated by he College without case orby Dr. Okker with ause, Dr. Okker shal been to 20 weeks severance othe maximum permit under Ford aw atthe ier be pai at er anal bse slay neff the tine of einai. Inthe event f termination witout aus by the Colles or trmiaton for case by Dr, Okker,or if Dr. er resigns the preidenc, without breach ofthis agreement, Dy; Okker wil hve the Fight assune fulltime teaching potion ax specif in 3a, Miscellaneous 1 Na Waiver. Nether any reasonable delay nr flue onthe pat of any pty o exercise any Tights under his Agreement, nora pati or single ire By ay party to exereise any rigs unde this Agreement, shal constitute a waiver of such righ ro ny ter rights under his Agreement. 1. Katie Agreement. This Agrcmont represents the cae Agreement of th patie rd supersedes any andl ther oral or writen agreements or understandings bowen them No tangs, amendmen alteration, waiver or meifcton of ry provision hee may be made except a wting sane bythe parties ert, Governing Lam. This Agreement sll be govem by and costae asconance wih the laws ofthe Sate of Flora 44 Taxes, Dr. Ober shal be esponsble for er portion of Federal, stats ll tr anes ‘esuling from any compensitin or benefits provid o her bythe College. The College stall ‘itol al Federal, sta, local rather xcs maybe reuited pursuant wo lav governmental regulation or ruling fom any compensation or nei provided unde this Ageomon. © Seuss any provision of this Agresmen shal, fo any rato, be eld ob ies invalid or unenforceable, such legal, iva, or wnenfeceble provision will tall ny ‘other provision ofthis Agreement In such case, this Agree wl be constued a if sah an ipl, invalid or unenforceable provision Hal nove son conan hes. Cunternaris This Awoement say be execute in counterparts an bythe diferent partis on ‘Separate counepars cach af whieh, when so excete, shal consti Done and these 1 Ke Betsgn Insurance, The College may, ais opin and expense, cue and mana “hey peso isuance onthe lis f the President in soc aroun, ath Colle deems necessary spproprate. The President sal cooperate aly withthe College in connection with seering and maining he insurance. 1 Achitration of Disnutes The pris ree hat Finland binding abiration in acsondange with the policies and proedares ofthe American Avbitation Assocation wl bets sle and ‘exclusive frum for resolving any ites or lms betwoen te Presi and the Colles ‘onceming the trmsof this agrcemet. Any hearings rel this agreement wl be in Sars County Fld, 1. Now College Foundation The Colle may sais the payment obligations st forth inthis ‘Agreement stl or through the New College Foundation, wick sal eat he discretion of ‘the Cllege andthe New College Foundtion, subject 0 any legal eirmens. contami tne -843638 sIN WITNESS WHEREOF, the pres heeto have executed hs Agreement or ab this Agreement io be exeuted 8 of is AB day of 202, NEW COLLEGE OF FLORIDA PRESIDENT » Into R, on Sabie Qn ace