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Frost Redacted

The document is an addendum to Scott Frost's employment contract as the head football coach of the University of Nebraska-Lincoln. It extends his contract duration by two years to December 31, 2026 and guarantees an annual salary of $5 million through that date. If Frost is terminated without cause prior to the new end date, he will receive liquidated damages of $5 million prorated for each remaining year through 2024, and $2.5 million prorated for each remaining year from 2025 through 2026. All other provisions of the original contract remain in effect except those inconsistent with the terms of this addendum.

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547 views20 pages

Frost Redacted

The document is an addendum to Scott Frost's employment contract as the head football coach of the University of Nebraska-Lincoln. It extends his contract duration by two years to December 31, 2026 and guarantees an annual salary of $5 million through that date. If Frost is terminated without cause prior to the new end date, he will receive liquidated damages of $5 million prorated for each remaining year through 2024, and $2.5 million prorated for each remaining year from 2025 through 2026. All other provisions of the original contract remain in effect except those inconsistent with the terms of this addendum.

Uploaded by

Matt Brown
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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DocuSign Envelope ID: 4CE5CDA7-A3EB-4F01-973C-08B910C525AE

ADDENDUM
Through this Addendum, the Parties, The Board of Regents of the University of Nebraska, a public body
corporate, by and on behalf of the University of Nebraska-Lincoln (“University” or “UNL”), and Scott A.
Frost (“Coach Frost”), an individual, hereby amend and modify the provisions of their current employment
contract.

Recitals

A. The University, through its Department of Intercollegiate Athletics, currently employs Coach Frost
as its head football coach pursuant to an employment contract (“Contract”) that commenced on December
3, 2017 and was to continue through to December 31, 2024.

B. Under that Contract, the University’s Director of Intercollegiate Athletics, within his discretion and
with requisite approval, may offer to extend or renew the Contract.

C. The Parties now want to modify their Contract in the manner set forth within this Addendum.

Terms

In consideration of the mutual promises and covenants set forth below and for other good and valuable
consideration, the sufficiency of which is hereby acknowledged, the Parties agree to amend and modify the
provisions of their Contract as follows:

1. Duration. The Parties agree to jointly modify their Contract in order to extend Coach Frost’s
employment as head football coach by two years to December 31, 2026.

2. Annual Salary. The University shall guarantee Coach Frost an annual base salary of five million
dollars ($5,000,000.00) for each year that he serves as the full-time head football coach through December
31, 2026. The University, in its sole discretion, may adjust this annual base salary upward without the
necessity of a formal written amendment to the original Contract or this Addendum, provided however that
the liquidated damages amounts referenced in Section 9 of the original Contract shall remain unaltered.
The University shall pay this annual base salary to Coach Frost in twelve (12) equal installments in
accordance with the University’s policies governing the payment of salary to all-year professional staff
members.

3. Liquidated Damages. If the University should terminate Coach Frost’s employment as the head
football coach prior to December 31, 2026 for reasons other than for cause, the University shall pay Coach
Frost, as liquidated damages, the following amounts: (a) five million dollars ($5,000,000.00) on a prorated
basis for each remaining year of the Contract through December 31, 2024 and (b) two million, five hundred
thousand dollars ($2,500,000.00) on a prorated basis for each remaining year of the Contract between
January 1, 2025 and December 31, 2026.

4. Contractual Provisions. Any provisions of the Parties’ Contract that are inconsistent with the
terms of this Addendum shall be deemed null and void and superseded by the terms of this Addendum.
Except to the extent expressly modified by the terms of this Addendum, all other provisions of the Parties’
Contract shall remain in full force and effect. Accordingly, the provisions addressing Coach Frost’s
exceptional performance bonuses, extension or termination of employment and other provisions not
specifically addressing the terms contained within this Addendum shall remain unaltered.

{00035060.DOCX; 1}

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