Terms of employment contracts should be well-negotiated for the best deal. Recently, the seven-year employment contract of University of Michigan's new football coach was revealed and the contract's value was far more than anticipated. He will earn close to $40.1 million over seven years.
According to a recent news report, the Board of Trustees of Western Michigan University has unanimously approved a one-year extension of the employment contract of its current president. He has been serving as the president of WMU since 2007 and the present extension will carry his tenure till the end of 2017.