The University of Vermont and its full-time faculty have reached a new contract agreement.

The faculty union and the administration of the University of Vermont have reached an impasse in contract negotiations.

Faculty at the University of Vermont are fuming over a pay package offered to the school's outgoing president. The faculty union at UVM says it's "profoundly disappointed" by the size of the compensation package given to Daniel Fogel. Earlier: After Big Improvements, UVM Faces Budget Shortfall Also: UVM Appoints Interim President

The University of Vermont's faculty union says it has filed a grievance alleging gender discrimination in nursing school salaries.