UNIVERSITY December 23, 2015 Susan Allen Suite 100 7067 Chebucto Road Halifax, Nova Scotia B3L 4R5 Dear Ms. Allen: Thank you for your December 2, 2015 request for information under Nova Scotia?s Freedom of Information and protection of Privacy Act. Please find attached, copies of the contracts and compensation packages for Acadia University's President and Vice?Presidents that have been awarded since January 2010. I trust you will find the information in order but if you have any questions, please do not hesitate to contact me directly Sincerely, Scott oberts FOIPOP Officer Acadia University Wolfville, Nova Scotia, B4P 2R6, Canada Telephone: Facsimile: (902) Web: THIS AGREEMENT is made effective as of the of 2014, BETWEEN: GOVERNORS 0F ACADIA UNIVERSITY, a body corporate with head o?ice at Wolfvilie, Kings County, Nova Scolin (?the Boned") OF THE ONE PART RAYMOND E. IVANY, of Nova Scotla, (the "President") OF THE SECOND PART l-W 1.1 Pro?cient means, for the pmpose of this Agreement, the of?ce of the President and the President's joint eppointntents as CMefoecutive Of?cer and Vice Chancellor. 1.2 By this Agreemt, the Board appoints and employs Raymond B. Imy to be the President of Acadia University (?the Univcmity?), and to nerve in such capacity under the policies, Marion and direction of the Board in with the terms of this Agreement. The President accepts and agrees to such employment in accordance with the terms of this Agremcnt. and? pmctiee to he performed by the President of a university including any duties or i 1.4 2. 2.1 2.2 2.3 2.4 -2- responsibilities of snob of?ce or of?ces as may be stipulated from time to time by the Board. The President shall be responsible for the entire operation of the University, including all academic work and the general administration of the University, the members of faculty, administrative oilioers, employees and students and shall report to and be accountable to the Board. Eeyore BEST sesame TO ms was}; as The President agrees to faithfully and with maximum application of expedence, ability and talent, devote full-time situation and energies to the duties as President and to use his best efforts to at all times promote the interests of the University. Snob duties shall generally be rendered at the campus of University at Wol?ille. Nova Sootia but also at such other places as the Board or President shall deem appropriate in order to serve the best interests, needs, business or opportm?ty of the University. Nothing in this Agreement previews the President from spending reasonable amounts of time for personal or outside interests or business intaests or services of a professional nature as well as community, charitable and professional development activities so long as any such activities do not intestate with the services required to be rendered to the Board by the President under the toms of this Agreement. The President shall not take on or agree to take on any government or other outside any directorships.nr._the_like .. .. .. . (paid or unpaid) without the prior approval of the Of?cers of the Board. 3. 3.1 3.2 3.3 4. 4.1 4.2 The appointment under this Agreemmt shall be for a team commencing on July 1. 201) and terminating at the end of the usual business day on June 30, 2019, subject to prior tqmlaation as provided for in this Agreement or otherwise by mutual agreement between the Board and the President. Subject to the Guidelines-far the Appointment and Review of Senior Academic 0.0700: the terms and conditions of this Ayeemeot may be amended by mutual agreement of the Parties when uttering into any further renewal thereof. A copy ofthc present Guidelines is attached hereto as Schedule The Parties agree there shall be an annual review of the Presidmt's perfonnance conducted in accordance with the Annual Review of Presidential Perfumes? Policy which may be amended from the to time by mutual ayeement of the Parties. A copy of the present Policy is attached hereto as Schedule the Presidentpursuantto Agreement, the Board shall pay the President on annual base gross salary of Two Thousand Canadian Dollars less lawful deductions, payable in equal lei-weekly for the period July 1, 2013 to June 30, 2014. On July 1. 2014 and yearly thereafter through to 2018, the President?s salary shall, subject before July 31 in each year (the ?rst such review to be completed on or before July 31, 2014). The Of?cers will recommend any adjustment in salary to the Executive Committee cfthe Board on or before August 31 following and any adjustment approved by the ,0 Qr? ?to.the .4. 5. 5.1 5.2 6.1 Exeemive Committee in the President's salary shall be retroactive to July I of the current calendar year. For the July 1, 2015 review, the Of?cials of the Board will engage a third partyto conduct a comparative compensation review and .will bring forward a recommendation to the Executive Committee prior to August 31, 2015 and any adjustment approved by the Executive Committee in the President?s salary shall be retroactive to July 1 of the current calendar year. For all subsequent years of the term, the annual review provided for in paragraph 3.3 hereof, will he conducted. BENEFIT 8? The Board shall provide the Preeident with particulars concerning participation in the University?s Employment Bene?ts Program in accordance with the terms and provisions included within that progrmn. The President shall continue to participate in the University's pension plan. The Board shall pay to the President during the term of this Agreement a housing allowance ofOne Thousand Dollars per month in addition to the President?s salary. UTO OB Ihe?eanioehall. .paytn . allowance of One 'I'housand Dollars per month in addition to the President?s salary. 8.1 8.2 9.1 9.2 10. 10.1 VACATION 2E The President shall be entitled annually to ?ve (5) weeks paid vacation. The President is strongly encouraged to take his full vacation entitlement each year, but will be permitted to carry over no more than two weeks of paid vacation from one year to the next. The Board reserves the right, to pay out banked vacation when it, at its sole discretion, believes it preferable to pay out, rather than continue ammulating, banked vacation. The President shall not take venetian at such a time that would interfere with the President properly discharging his duties under the terms of this INFORMATION The President acknowledges that during the term of this Agreement, information will be disclosed about various matters which are con?dential to the Board and the University and to the position of President and the President expressly agrees that such con?dential information is the property of the Board and will be treated as confidential by the President and will not be disclosed except as may be necessary for the performance of the President?s duties under this Agreement. The President acknowledges that the obligation to maintain con?dentiality outlined in paragraph hereof shall survive and continue in force alter the termination or expiry of this Agreement The Board shall provide to the President during the term of this Agreement professional development and research funding in the total amount of Five Hundred Dollars $500.00 per month to be used at the President?s discretion. 11.2 12. 12.1 .5. The Board agrees to credit the President with two months of paid leave for every twelve (12) months (or pro rata portion thereof) worked by the President under the tetme of this Agreement. It is acknowledged that the President has accumulated 10.5 months of this paid leave for the service period April 1, 2009 to July 1, 2013. It is also agreed that an additional One (1) month per year of paid leave will also be pmvided for the ?ve years preceding. For greater clarity, this additional 5 months brings the total paid leave mutated at July 1, 2013 to 15 .5 months. It is intended by the Board and the President that for every subsequent year of the Term, paid leave will continue to seemnulete at the rate of We months of leave for every year of savioe and will be taken by the President during the period immediately following the expiration of this Agreement. Notwithstanding any other provision of this Agreement, it shall he the President's option, to be exercised at the President's sole discretion, to receive payment for accumulated Administrative Leave in a lump sum or on salary continuation for the period of Administrative Leave. For clarity, this paid leave, whethm? paid cut by lump sum er salary con?nustion, is for gross base salary only less lawful deductions. No bene?ts, allowances or otherwise would continue through an administrative leave nor be paid out in a lump 511111. Temination by Bostor Jusz Cause The President agrees that the Board may terminate this Agreement at any time without notice or pay in lieu of notice for "just cause" which, in addition to any of its-other normally understood meanings-in employment eontrams, shall- inelude the following: .7. 12.1.2 A deliberate or serious mm (in?nite and responsibilities set forth in or contemplated by this Agreement or refusal or unwillingness by the President tn perform such duties in good faith and to'the best of the President?s abilities. 12.1.3 A violation by the President of any of the other terms and conditions of this Agreement or any of the ?duciary duties owed by the President to the Board or the University. 12.1.4 Any conduct of the President that constitutes moral turpitude, or that would tend to bring public disrespect, contempt or ridicule upon the President, the Board andfor the University. 12.1.5 A deliberate or serious violation of any law, rule, regulation, statutory provision, administrative policy or by-law of the Board or the University, or local, provincial or federal law, which violation may, in the sole judgment of the Board, reflect adversely upon the President or his of?ce, the Board and/or the University. 12.1.6 Absence ofthc President from his duties under this Agreement, without adequate or any reasonable explanation and without the Board?s consent. For greater clarity, this clause does not include disability or any type of medical leave for which the appropriate medical documentation has been provided. 12.1.? In the event of termination for cause, the President shall be entitled to all acmred salary, accrued vacation and itde administrative leave earned to the date of termination. 12.2 Termination Without Came The President agrees that the Board may terminate this Agreement prior to its normal expiration without just mum at the Board's discretion, in the following manner: .3. 12.2.1 Should the Board request the resignation of the President at any time during the term of this Agreement the President shall tender his resignation as requested. Should this occur without just cause, the President will he paid, in ?rli satisfaction of all the obligations of the Board arising from this Agreement: The amount of notice required in writing under the Labour Standards Code R.S., e. 246, 3.1 at the time of termination, in a lump stun payment, as pay in lieu ofnolice; This payment includes gross base salary and any compensation normally payable to the President under this Agreement, including but not limited to the pro rata car allowance, housing allowance, research grant and pension contributions, etc; An additional lump sum payment equal to the lesser of the balance remaining under this Agreement or two (2) years, at gross base salary and any other compensation normally payable to the President. This includes but is not limited to the pro rata car allowance, housing allowance, research grant, pension contributions, etc. The "balance of the term? as phrased in this paragraph shall mean at minimum twelve (12) months gross base salary and any other compensation annually payable in the Presidt under this Agreement. 12.2.2 The lump sum payments referred to in paragraph 12.2.] and (less lawful deductions) shall be paid upon receipt by the Board of an appropriate signed resignation and release. 12.2.3. 'I'hegross base aalaryamount tohe . is the gross base salary amount at the time the resignation is requested. -9- 12.2.4 Any accumulated vacation leave shall also be paid to the President in a lump sum paymt, subject to lawful deductions, immediately upon receipt by the Board of - an appropriate signed resignation and release. 12.2.5 Any accumulated administrative leave shall be paid out in accordance with paragraph 11.2 hereof. 12.2.6 The President agrees that the payments referred to in 12.2 represent the President?s complete entitiemt (including all claims to notice under the Labour Standards Code, reasonable notice, or any other monetary claim) upon termination of the President?s employment. 12.2.7 Regardless of any other provision of this Agreement, this Agreement shall 12.2.8 terminate automatically if: i) The President dies or becomes totally disabled or totally incapacitated or incapable of carrying out the duties as de?ned in this Agreement or by the Board: ii) The President is insolvent, or makes a creditors proposal, or makes any voluntary assigmnent into bankruptcy or is petitioned into bankruptcy by one or more of his creditors. Ifthe Presidmt should die at any time during the course of this Agreement, or if the President becomes incapable of carrying cut the duties of President due to permanent disability or incapacity and is tenninated. the Board shall be liable to the personal accrued but unpaid compensation, together with any other bene?ts which would be due and payable to the President or personal representative as the case may be by 12.3 13. 13.1 14. 14.1 -10- reason of death or incapacity during employment by the Board pursuant to this Agreement. Termination by the President a Unless otha'wiee agreed to in writing in advance by the Board, the President shall provide the Board no less than six (6) months notice in writing of his intention to terminate the Agreement before the expiry of the term. The Board on receipt of such notice and at its sole discretion may require the President to leave of?ce sooner than the end of the six (6) month notice period but, in such event, the Board shall pay to the President all amounts he is entitled to' under this Agreement up to and- including the and of such six (6) month period. For greater catainty, should the President choose to tetminate this Agreement early upon giving proper notice, the early termination will not prejudice, foreclose upon, or otherwise negatively affect any other entitlements of the President under this Agreement including, though not limited to, the eutitlemts in paragraph 11.2 hereof. The terms of this Agttemeot ere severahlc such that if any temt or provision is declared by a Court of competent jurisdiction to be illegal, void or unenforceable, the remsinder of the provisions shall continue to be valid and enforceable. The waiver by either party of any buttock or violation 'of any provision of this Agreement shall not operate or be construed as a waiver of any subsequent breach or violation of the 15. NOTICE Unless otherwise pmvided in this Agreement, any notice provided for under this Agreement shall be in writing and shall be suf?ciently given if delivered personally, or if transmitted by facsimile with an original signed copy delivered personally within twentyufour (24) home thereafter, or mailed by prepaid registered post addressed to the Board or the President at their respective addresses set forth or at such other than current address as is epeci?ed by notice: to the Board: Sea-em to the Board of Governors Acadia University Wolfvillc, NS 2R6 Fax: 585-1097 to the President: CONFIDENTIAL Raymond E. Ivany Of?ce of the President Attadia University Wolfville, NS 1341? 2R6 Fax: 585-1077 16. GO RNING 16.1 This Agreement shall be governed by and construed in accordance with the laws of the .JIL 17.1 18. 18.1 18.2 18.3 18.4 19. 19.1 -W - -12- This Agreement is not assignable by either party but shall be binding upon the heirs, administrators, personal miceeseors and assigns of both parties. DISPUTE RESOLUTION The Parties agree that in the event of a dispute arising under this Agreement they will make their best e??orta to resolve such dispute betWeen themaelvee in a spirit of cooperation and mutual respect. Where the Parties are unable to resolve arty dispute between themselves in accordance with paragraph 18.! hereof, the Parties agree that the dispute shall he referred to binding arbitration in aeeoxdanee with the simpli?ed procedure provided for in the Commercial Arbitration Act of Nova Seotia. The Arbitrator shall have the power to award oompematioh or damages if the Agreement has been breached but the Arbitrator shall not have the power to order reinstatement of the President or the power to amend or alter in any way, the terms of this Agreement. The Patties agree that the arbitrator's decision shall be binding and not reviewable in any eoutt except on a queetion of law or juriadietion. ENTIRE AGREEMENT The Parties agree that this Agreement represents the entire agreemt between the Parties. .. .. whether written, verbal or in any other form. -13- 20.1 The Parties each acknowledge they have had the opportunity to eonmlt Independent legal advice prior to executing this Agreement. IN WITNESS WHEREOF the parties have executed this Agreanent in the manner and on the dates noted below and this Agreemmt is damned effective as ofthe day ?rst above written. SIGNED, SEALED AND DELIVERED at Kings County, Nova Seotla. on behalf of the Board by its proper and duly-authorized of?een on the day of (1y 2014. GOVERNORS 0F ACADIA UNIVERSITY Per: - Witness SIGNED, SEALED AND DELIVERED bythe President at mour- ?Lg in the gT?1 on the . day of.. 2014. RAYMOND E. IVAN Witness . Raymond E. Ivany President at Vice Chancellor 902.585.1557 Friday, 13, 2010 ray .ivanyQacadlauca ?81 VA TE and CQNFI DEN TIAL VIA EMAIL: Darrell Youden, CA 866 Mineville Road, Mineville, NS 822 1K1 Dear Darrell: I am very pleased, on behalf of the Board of Governors, to extend this offer of employment to you for the position of Vice President Finance and Administration and Chief Financial Officer at Acadia University. Once we have come to agreement on all of the terms and conditions of employment we will have this letter translated into the proper legal documentation and the appointment will be formally ratified by the Board of Governors, Darrell, as you know from our discussions throughout the selection process, we view this position as being central to our agenda of strengthening our ?nancial and operational fundamentals. This is an exciting time for Acadia - and I am convinced that you will play a pivotal role in providing the leadership required to ensure that Acadia's rich tradition of academic excellence continues for future generations. The following outlines the terms and conditions of employment. Please review each item in detail and feel free to query me on any or all of the items. I trust that you will find everything satisfactory. ?t?rt .. .. We Would anticipate a start date on or before Monday, September 13th, 2010. We want to ensure that you leave the Department of Education in an elegant and appropriate manner so if you require a later start date, we can accommodate. Also if the Department requires access to you following your departure we will do everything possible to ensure their needs are looked after. Qomgegga?gn-iaagkaga - As a full member of the Executive Team, your compensation package will consist of a base salary, group bene?ts package, pension plan, and support for ongoing professional development activities. 8.35 Your starting Base Salary will be per annum for the first year. Your performance will be reviewed on an ongoing bases and your salary will be reviewed each year. This review will allow the parties to jointly establish goals and to assess performance. Gr 5 nefi You will be entitled to participate in the employee benefit program of Acadia University, in accordance with the policy terms. Your bene?ts are effective on the ?rst day of employment. A bene?t overview will be forwarded under separate cover and includes medical, AD D, LTD, life insurance and a health spending account. Premiums for most of these bene?ts are cost shared. Defined Benefit Pension Plan You will be eligible to become a member of the De?ned Benefit Pension Plan and those details will be provided under separate cover. We will also strive to understand if there is a portability aspect to your existing pension or if some other arrangement can be made to give you the best possible option, provided the cost to the University is the same. Professional Develgpment and Eguggtign Expenses You will be eligible for a tuition discount (100%) on any work related programs and 50% discount on any non work related programs you choose eligible for a 50% discount on tuition. Page 2 of; Darreil Youden Offer Letter Acadia University August 12, 2010 Regreatign Eagility You and your Immediate family will receive a complimentary recreation facility pass to enjoy annually. Housing Acadia University will provide you accommodation in a University owned home for the duration of your Employment. You wili be required to pay the costs of utilities and the University will pay the cost of maintenance, property taxes and upkeep. These accommodations will be considered a taxable benefit to you in the amount of $12,000 per year, for which you will be responsible. In all likelihood you will have a choice of two houses so please contact me and I will set up having you view the houses. ca nA stance We are mindful of the disruption a household move can cause and in order to assist you In relocation to Wolfville, we are able to provide you with the following: - You will be reimbursed for all reasonable costs associated with the physical move of your possessions. Typically this includes packing, unpacking, physical relocation of your furniture, and legal fees. We will ask that you work through my office to action the move. Two Yea eimb rse ov' io - As Acadia University will incur significant expenses to relocate you to Wolfville, it is understood that in the event you leave, of your own accord, before completing two (2) years of continuous employment with Acadia University, you will refund the cost of your relocation on a pro-rated basis of 1/24 the amount per month remaining. (That is, if you leave after one year, you are required to refund 12/24 or 50% of the costs). Memberships "yawn be saunas"stereoshe.I "ra?a'rabaehips at the "??ii?p'e?s'e'ofthe'Acadia University to a maximum of $2500 per year. page 3 of 5 Darrell Youden Oller Letter Acadia University August 12, 2010 Expenses You shall be reimbursed for all out?of?pocket expenses actually and properly incurred in connection with your duties as Vice President Finance and Administration. For all such vouchers in accordance with the policies of Acadia University. You will also be provided with a credit card for business travel. Business mileage will be reimbursed to you at the established current rate. yLatiea You will be entitled to four (4) weeks' discretionary vacation per year, based on the calendar year and to be taken in consultation with the President and Vice-Chancellor and in consideration of the smooth operations of Acadia University. You will also enjoy one week of non-discretionary vacation, to be taken between Christmas and New Years of each year. Termination with Just gauge Acadia University shall be entitled to terminate your employment at any time for just cause, as defined by law. m' nwit ut Jus Cause Should your employment with Acadia University be terminated without just cause for any reason within the first year of employment, Acadia University would provide you severance pay equivalent to six (6) months. This will be paid out as salary continuance In accordance to our standard practices. If your employment is terminated without just cause for any reason subsequent to the ?rst year of employment, the severance amount grows by 1 month per year or part year of service to a maximum of twelve (12) months. This will be paid out as salary continuance in accordance to our standard practices. You agree that this arrangement constitutes a fair, reasonable, adequate and complete severance arrangement and will be final and binding in the event .. .. rage 4 of 5 Darrell Youden Offer Letter Acadia University Augu3112,2010 Termination by Executive You may terminate this agreement, at any time, by providing ninety 'days??written?notice to-my- 'officeu-and?the eeard?ef?Aeadia? - University shall continue to pay your Base during .this notice period. . confidentiality Agreement a" -- As a condition of employment with Acadia University you will be required to sign a Corporate Confidentiality Agreement upon commencement of employment. Conclusion Darrell, I am very excited about you joining our Executive Team and I am con?dent that you will make a major contribution to our university. At a personal level, I am looking forward to working together as colleagues in pursuit of truly exceptional performance at Acadia. If you are in agreement with the terms as stated above, I would ask you to sign below and return a copy to me Wednesday 2010 at 5:00 pm. Sincerely, stwi?? Raymond E. Ivany President and Vice-Chancellor Having read and understood the above document, I hereby agree to and accept the terms therein. Darrell Youde Date Edge 5 of 5 Darrell Youden Oiier Letter Acadia University August 12, 2010 Of?ce of the President and Vice-Chancellor 27 January 2014 Susan Mesheau 406 Lisgar Street Fredericton NB E3B 3B2 Dear Susan: I am very pleased, on behalf of the Selection Committee, to extend this offer of employment to you for the position of Vice-President, Recruitment Student Services at Acadia University. Once we have come to agreement On all of the terms and conditions of employment we will have this letter translated into the proper legal documentation for both our ?les. Susan, as you know from our discussions throughout the selection process, we view this position as being central to our agenda of strengthening our ?nancial and organizational fundamentals. This is an exciting time for Acadia and I am convinced that you will play a pivotal role in providing the leadership required to ensure that Acadia?s rich tradition of academic excellence continues for future generations. The following Outlines the terms and conditions of employment. Please review each item in detail and feel free .to query me on any or all of the items. I trust that you will ?nd everything satisfactmy. Start Date We would anticipate a start date on or before 10 March 2014. We want to ensure that you leave the University of New Brunswick in an elegant and apprepriate manner so we want to make sure you have enough time to manage the transition. Also if the University requires access to you following your departure we will do everything possible to ensure their needs are looked after. Compensation The starting base salary is $135,000 per aimum, paid bi?weekly. group Insurance Pension It is a condition of this contract that, on commencement of employment, you fully participate in the University?s Group Insurance Plans which provides: medical, long tenu disability, accidental death dismemberment, and life insurance coverage health spending account in the amount of $800, prorated ?'om July 1 for the initial year of . ..__.employment_optional life and critical illness insurance coverage You will be required to participate in the University Pension Plan effective 01 April 2014. It is agreed that the legally binding terms of such plans shall be as set forth in the original plan documents and that the terms of any brochures or other documents describing in general terms the bene?ts of such plans shall not have any legal binding effect. Acadia University Wolfville, Nova Scotia, B4P 2R6, Canada Telephone: (902) 585?1218 I Facsimile: (902) 585?1077 Raymond E. I'van'y President tr Vine. Chancellpr 9023954551 VIA Emmi?l Mr. Rod Morrison 5078 Ashland Drive Burlington, ON L7l- 3H2 Dear Rod: learn very pleased, on behalf ol? the: Selection cammittee, t0 extend this offer of employment ta you for the position Vic-e President Advancement fat Acadia university. Once WE have some to agreement an all of the terms and conditions? of employment we will have this letter translated Into the proper legal dncurnentation for both our ?les. Rd'd, as "you know from our View this position as being central to our? agenda of strengthening our financial and organizational fundamentals. This is an Exciting tlme l?nr Acadia and I am canvinced that you will play a pivotal role in providing the Nader-ship required to ensure that .Acaciin?s rich tradition or academic excellence continues for future gnnerations. The following outlines the terms- and conditions of employment. Please review each item in detail and feel free: to. query me an any or all at the, items. I that YOU wlli find everything satisfactory. We wouldant?idpate a start date on or before July 1, 2012. We Want to ensure that you leave McMaster University? in an elegant and appropriate manner-sowe- want- to make-sure vyou- have-ennugh . transition, Also ii?- tlu?z University requires amass to following ypur dfrapaiture we will do pegsible to their needs are looked a ter. Ad a full member or the Executive Team, your componeation package will consist of a base oolary, a performance based bonus, group benefits package, pension plan, a housing allowance and support for ongoing professional development: activities. mime?rat Your starting Base Salary will be $150,000.00 per annum for the first year. Your performance Will be reviewed on an ongoing basis and your salary will be reviewed each year. This review will allow the parties to jointly establish goals and to assess performance. You will be eligible to earn a Performance Bonus of up to 15% of your horse compensation. This home will be based upon meaourobie criteria which you and I will develop together. We will strive to do so within the ?rst 60 days of you commencing employment with Acadia. For the first year, we will guarantee of 7.5% with the other 7.5% dependent upon achieving measurable criteria. For years 2 onword, the full 15% bonus will be based upon you achievmg the mutually agreed upon gooio. You will be entitled to participate in the employee benefit program of Acadia University, in accordance with the policy terms. Your benefits are effective on the ?rst day of employment. A bene?t overview will be forwarded under separate cover and inoiudee medical, AD D, LTD, life insurance and a health spending account; Premium for most of these benefits are cost shared. You will be eligible to become a member of the De?ned Benefit: Pension Plan and those details will be provided under separate cover. We will also strive to understand if there is a portability aspect to your existing pension or if can be made to give you the best possible option, provided the cost to the U'?'lv?rdity?id'th?osornow Page 2 of 6 Rod Morrison Offer Letter Acadia University March 25, 2012 1- You will be eligible for tuition discount (100%) on any work related programs and a 50% discount on any non work related programs you choose to enroll in at Acadia University. In addition, your immediate family is eligible for 50% discount on tuition. 31"- You and your immediate family will receive a complimentary recreation facility pass to enjoy annually. oedema Acadia University will provide you accommodation in a University loomed home for the first year oi" your Empioymont. You will be required to pay the costs of utilities and the University will pay the cost or maintenance, property taxes and upkeep, These accommodations will be considered a taxable bene?t to you in the amount of $12,000 for the year, For which you will be responsible. We will arrange to have you view the house at your earliest COrivenience. We are mindful of the disruption a household move can cause and In order to assist you in relocation to Woifvillo, we are able to provide you with the following: 0 You will be reimbursed for all reasmiable costs associated with the physical move of your possessions. Typically this includes pecking, unpacking, physical relocation of your furniture, ondllegai fees. We will aok that you work through my office to action the move. a We will also provide f0r 2 trips to Wolfvlile prior to your start date so that you and your wife can assess the housing Situation and get a fool for the area. W. Y. W.mn 'vliiod signi?cant expenses to relocate you to WoiFvilie, it is understood that in the event you leave, of? your own Page 3 of 6 Rod Morrison Offer Letter Acadia Univeroity March 25, 2012 accord, before completing two (2) years of continuous employment with Acadia University, you will refund the cost of your relocation on a pro-rated basis of 1/24 the amount per month remaining. (That is, if you leave after one year, you are required to refund 12/24 or 50% of the costs). Wm You will be entitled to professional memberships at the. expense of Acadia University to a maximum of? $2500 per year. 5231911535 You shall be reimbursed for all out-of-pocket expenses actually and properly incurred in connection with your duties as Vice President Advancement. For all such expenses you shall furnish statements and vouchers in accomance with the policies of Acadia University. You will also be provided with a credit card for business travel. Business mileage will be reimbursed to you at the established current rate. location You will be entitled to four (4) weeks? discretionary vacation per year, based on the calendar year and to be taken in consultation with the President and Vice-Chancellor and in consideration of the smooth operations of Acadia University. You will also enjoy one week of non-discretionary vacation, to be taken between Christmas and New Years or each year. Acadia University shall be entitled to terminate youriemployment at any time for just cause, as de?ned by law. Should your employment with Acadia University be terminated without just cause for any reason within the first year of employment, Acadia University would prayide you severancepayeduivaientto -- -- paid ?our as salary continuance in accordance to our standard practices. Page 4 of 6 Rod Morrison Offer letter Acadia University March 26, 2012 .. .c . -- it your employment is terminated without just cause for any reason subsequent to the first year of empIOyment, the severance. amount grows by 1 month per year or part year of service to a maximum of twelve (12) months. This: will be paid out as salary continuance in accordance to our standard practices. You agree that this arrangement constitutes a fair, reasonable, adequate and complete eaveranoe arrangement and will be final and binding in the event that your" empioyrnent is terminated withoi?jost cause.? Weou?ae You may terminate this agreement, at any lime, by providing ninety (90) days? written notice to my office and the Chair of the Board of Acadia University. The University shall continue to pay your Base Salary and bene?ts during this notice period. an?ggntiglinj As a condition of employment with Acadia University be required to Sign a Corporate Con?dentiality Agreement upon commencement of employment Rod, I am very excited about you joining our Executive Team as Vice President Advancement and I am con?dent that you will make a major contribution to our At a personal level, I am looking forward to working together as colleagues in pursuit of truly exceptional performance at Acadia. If you are in agreement with the terms as stated above, I would ask you to sign below and return a copy to me by Friday, March 2012. Sincerely, Raymond E. Ivany President and Vicar-Chancellor Page 5 of 6 Rod Morrison Offer Letter Acadia University March 26, 2012 Having read and underatood the above document, I hereby agree to and accept the terms thEreln. ?aw-w -- Wrrison Date Page 6 of 6 Rod Morrison Offer Letter Acadia Unlvarsity March 26, 2012 Ollice of the President and Vice?Chancellor December 17, 2014 Dr. Robert Vice~President, Academic (Interim) Acadia University 15 University Avenue \Vol?rille, NS B4132R6 Re: Confirmation of Acceptance of Vice?President, Academic (Interim) . ear Drrl?el?rms: I am very pleased to have extended and to receive your verbal acceptance of the secondment to the role of Vice? l?rcsi