The rain will transition over to snow as we head into mid to late morning across the area. We will see the chances for light accumulation in the valley areas with 1-3" possible on the ridge tops above 2000 feet. Slick spots are possible on untreated roads. While significant snow is not expected, we have issued a Severe Weather Alert Day to keep you informed on possible negative impacts to travel through Tuesday afternoon.
The University of Kentucky and Dr. Eli Capilouto have an agreement in principle on terms of compensation. A final contract is being developed, according to a news release.
Terms of compensation include:
Base salary: $500,000
Maximum bonus: $50,000 (eligible to receive up to this amount for achievement of target goals)
Retirement Contributions and/or Deferred Compensation:
$75,000 (contribution to retirement plan calculated at 15 percent of annual base salary)
$50,000 (university's contribution to deferred compensation plans)
Total compensation: $675,000
Other terms: Dr. Capilouto and his wife are required to live in a university-owned home, Maxwell Place; UK also will provide Dr. Capilouto with an automobile and membership dues
President Todd's current compensation is $657,000.