Liberty University owes Jerry Falwell, Jr. a total of about $10.5 million over the next two years after he resigned as president of the nation’s largest evangelical college following several scandals, says a person familiar with his employment contract
Mr. Falwell is due his $1.25 million salary for two years, followed by a lump-sum payment of about $8 million, because of a clause in his contract that allowed him to resign with full pay if his responsibilities were curtailed, which they were.
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