By Doug Barrett May 19, 2021 | 1:53 PM The University of Colorado Board of Regents today (Wednesday) approved a $1,358,982 transition agreement with President Mark Kennedy that calls for the former UND President to leave his CU position. The agreement was approved on an 8-1 vote after a virtual board meeting that was held in Executive Session. The move comes several weeks after University of Colorado Boulder faculty and students voted to censure Kennedy for his actions surrounding diversity. Kennedy was hired by the CU Board in 2019 after three years at UND. Kennedy was scheduled to earn $850,000 dollars this year and next. Last week Kennedy released a statement saying had started discussions with the Board of Regents about an “orderly transition” from the post.