Former Texas A&M president Mark Welsh and the A&M system reach a settlement agreement.
The agreement does not say why Welsh resigned.
Welsh received a lump sum payment by direct deposit of more than $3.5 million dollars, minus withholding and other deductions.
Both sides agree to not disparage or denigrate the other…a directive that extends to the chancellor’s leadership team and the board of regents. This does not impede or restrict truthful statements that Welsh might make that are required by law.
If Welsh is sued for any actions he took during the one year and nine months as president, he will be represented by either the attorney general’s office or lawyers paid by the system.
The agreement, signed by Welsh and the chancellor the last week of September, was released after a seven day period where Welsh could have changed his mind.
