Liberty pays severance owed to Falwell; further payment under dispute [View all]

Liberty University on Tuesday paid former President Jerry Falwell, Jr. the severance owed under his employment agreement, according to a statement from the university.

The university said Falwell is entitled to two years of his base salary and accrued retirement benefits, which likely totals more than $2 million, according to tax records and past statements by Falwell.

But Falwell, who resigned last month after a series of personal scandals, previously has said his contract entitles him to $10.5 million because the university board placed him on leave without cause, a violation of his employment agreement.

Falwell told several media outlets after his resignation the school owes him $2.5 million over 24 months — the equivalent of two years’ pay — and a lump-sum payment of $8 million after two years.

Read more: https://roanoke.com/news/local/education/liberty-pays-severance-owed-to-falwell-further-payment-under-dispute/article_fd49857a-2635-53eb-9200-d9b725f5b953.html