By Coach. Coach will have the right to terminate this Agreement. If Coach terminates this Agreement, Coach will pay to ICAA the amounts set forth below: Contract Year 1 40% of the amount equal to the remaining balance of Coach’s Guaranteed Compensation that would have been owed to Coach if Coach was fully performing Coach’s duties through the end of the Term. Contract Year 2 and Contract Year 3 25% of the amount equal to the remaining balance of Coach’s Guaranteed Compensation that would have been owed to Coach if Coach was fully performing Coach’s duties through the end of the Term. One-half of such amount shall be due within thirty (30) days of the date of termination, and the remaining one-half shall be due one (1) year following the date of termination.
By Coach. Coach will have the right to terminate this Agreement. If Coach terminates this Agreement, ICAA shall pay to Coach any Guaranteed Compensation, Other Compensation, Retention Bonus, and Performance Incentives earned as of the effective date of termination. Coach will pay to ICAA the amounts set forth below. One-half of such amount shall be due within thirty (30) days of the date of termination, and the remaining one-half shall be due one (1) year following the date of termination.
By Coach. Coach recognizes that her promise to work for University for the entire term of this Agreement is of the essence of this Agreement to University. Coach also recognizes that University is making a highly valuable investment in her continued employment by entering into this Agreement and that its investment would be lost were she to resign or otherwise terminate her employment with University prior to the expiration of the term of this Agreement. While recognizing these agreements and this entire Agreement, the parties agree that Coach may, nevertheless, terminate this Agreement prior to its normal expiration, but only upon the following terms and conditions.
By Coach. You hereby represent and warrant that: (a) you have full power and authority to enter into this Agreement and perform your obligations hereunder; (b) you have not entered into, and during the term will not enter into, any agreement that would prevent you from complying with this Agreement; and (c) you will comply with all applicable laws in your performance of this Agreement, including holding and complying with all permits, licenses, registrations and other governmental authorizations necessary to provide Coaching Services pursuant to this Agreement.
By Coach. Coach shall represent the Employer and the University in a dignified manner and dress in attire appropriate to each occasion or setting at or in which he is present. He shall also conduct both his employment activities and his personal life in a manner that will not bring disgrace or embarrassment to the Employer, the University or Coach; that will not in the Employer’s reasonable discretion tend to shock, insult, or offend the greater Louisville and/or University alumni communities; that does not in the Employer’s reasonable discretion manifest contempt or disregard for diversity, public morals or decency; and that complies with applicable Employer and/or University policies, procedures, rules and/or regulations with respect to personal conduct.
By Coach. Coach will have the right to terminate this Agreement. If Coach terminates this Agreement, Coach will pay to ICAA the amounts set forth below. One-half of such amount shall be due within thirty (30) days of the date of termination, and the remaining one-half shall be due one (1) year following the date of termination. $1,000,000.00 (plus repayment of the Institutional Buyout Payment) If termination occurs on or before June 30, 2024 If termination occurs including) June 30, 2025 July 1, 2024, through (and $700,000.00 (plus repayment Institutional Buyout Payment) of the If termination occurs including) June 30, 2026 July 1, 2025, through (and $400,000.00 If termination occurs including) June 30, 2027 July 1, 2026, through (and $150,000.00 If termination occurs including) June 30, 2028 July 1, 2027, through (and $100,000.00
