University of Salford - Compensation pay

The former vice-chancellor of the University of Salford, Michael Harloe, received £30,000 from the university to leave two months early, it has emerged. Professor Harloe's contract was due to end in September 2009, but he agreed to terminate it on 1 August to allow new vice-chancellor Martin Hall to take over at the start of the academic year. The payment is listed in the university's accounts, which have just been published, as "compensation for loss of office", alongside Professor Harloe's £4,000 salary.