Kennedy Transition Agreement and Release
Kennedy Transition Agreement and Release
Kennedy Transition Agreement and Release
This Transition Agreement and Release (this “Agreement”) is entered into effective as of
May 19, 2021, by and between the Regents of the University of Colorado, a body corporate (the
“Regents”), and Mark R. Kennedy (“Kennedy”) (each singularly a “Party” and together the
“Parties”).
Recitals
B. The Regents and Kennedy have agreed to end Kennedy’s employment with
the University on the terms and conditions of this Agreement.
Agreement
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5. Return of Property. Kennedy represents and covenants (a) that on or
before the Separation Date he will return to the University all property belonging to the University,
including, but not limited to, keys, access cards, files, laptops, iPads, other equipment, or any such
other University property in Kennedy’s possession or custody or under Kennedy’s control.
13. Consent to Jurisdiction and Venue. Colorado state or federal courts will
have personal and subject matter jurisdiction over any litigation arising out of or relating to this
Agreement. Any action involving claims for interpretation, breach or enforcement of this
Agreement shall be brought in such courts. The Parties consent to personal jurisdiction over them
in the state and/or federal courts of Colorado and hereby waive any defense of lack of personal
jurisdiction or inconvenient forum and waive the right to seek a change of venue to any other
courts.
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14. Amendments or Modifications. This Agreement may not be amended,
supplemented, or modified except as mutually agreed upon by the Parties in a document that is
reduced to writing and signed by both Parties.
If to Kennedy: The address on file in the University’s most current records and to
[email protected] with a copy to Mary L. Will, Faegre Drinker Biddle & Reath LLP, 1144
15th Street, Suite 3400, Denver, Colorado 80202, [email protected].
18. Approval by the Board of Regents. This Agreement shall not be binding
upon the University or the Board of Regents until it is approved by the Board of Regents and
signed by both Kennedy and the Chair of the Board of Regents.
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THE REGENTS OF THE UNIVERSITY MARK R. KENNEDY
OF COLORADO, a body corporate