ASU, Silver Agree to Separation

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By CBS 8 News

Alabama State University trustees have formed a mutual separation agreement with suspended university President Joseph Silver.

 

Silver was placed on paid administrative leave Nov. 26 after officials said he tried firing executive vice president John Knight - a state representative from Montgomery.

 

The terms of the separation agreement have not yet been announced. Trustees voted 8-1 to accept the agreement and one member chose not to vote.

 

Silver's contract allows trustees to fire him without cause - in which case the school will be responsible for paying out the remainder of his contract.

 

Silver's contract began Sept. 17, 2012 and was slated to end on Aug. 31, 2016. His annual salary was $325,000.

 

If Silver is terminated with cause, the school does not have to continue paying him.

(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)