Herbert to remain on payroll for 10 years

Even after the successor of IU President Adam Herbert takes office, the University will require the outgoing president to stay involved with IU, according to Herbert's contract.\nIn return for his services, the University will pay Herbert $30,000 for each of the 10 years he is required to provide IU with consulting and "advisory services." According to the agreement, Herbert cannot total more than 120 hours per year.\nWhile the contract does not put any restrictions on the minimum number of hours he is to serve, it does say Herbert is expected to act in the best interests of the University if asked. \n"(The agreement) allows us to take advantage of President Herbert's 30-plus years in education," IU trustee Patrick Shoulders said. "He's got a wealth of knowledge from his experiences that he can still share with everyone."\nHerbert will have "no formal schedule of duties or assignments," and he will be free to work without University supervision, according to the contract.\nDespite the agreement's vagueness, Shoulders said he expects Herbert to offer advice in various areas of IU's administration. Specifically, Shoulders said he expected Herbert would help to train the new president when he or she is selected.\n"There is no question the next president will require assistance from Adam Herbert," Shoulders said. "He brings to the table a wealth of knowledge in both tactical operations and strategies."\nHerbert and the University came to the agreement as part of contract negotiations in 2003 when he took control of the University from departing President Myles Brand. \nBut even with his hand still active in IU affairs -- and his bank account benefiting -- Herbert will no longer be considered an IU employee when his resignation is complete. He will be viewed as an "independent contractor" whose paycheck will come from the University's "general assets," according to the terms of his contract.\nAnd Herbert might not have to serve the full 10 years of service. The contract says both parties can agree to "shorten the term of the agreement and increase the number of hours of consulting." Even if the length is shortened, Herbert would still walk away paid in full. \nMedia-relations officials at Purdue University and Ohio State University said they did not think their schools had similar agreements. \nAt IU, keeping former presidents involved in University affairs is not uncommon. After serving in their leadership roles, four of the past six University presidents, not including Herbert, have remained active at IU as professors, chancellors or advisers. \n"Obviously, (Herbert) will be more active in the earlier years with training still going on," Shoulders said. "It's just hard to predict"