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Former UK President Becomes Professor
When he steps down from his post Thursday, University of Kentucky President Lee T. Todd Jr. will join UK's engineering faculty as a tenured professor with a salary of about $162,000 a year. But first, Todd will take a yearlong unpaid leave of absence. Instead of a salary, he will receive the retention bonus guaranteed in his contract for staying 10 years. It's worth $511,000, his base salary during his last year of work.