The document says the Nov. 17 agreement replaces the Sept. 10, 2008 pact - although the modified employment agreement is not considered the finalized contract for Stewart.
Had WVU simply fired Stewart following the 2010 season without brandishing the NCAA case as a possible cause or modifying the original contract, it would have owed Stewart a prorated sum of $825,000 per year remaining on his contract - or roughly $2.475 million. He was under contract through the 2013 season.
The initial term sheet to which he agreed - after coaching the Mountaineers to a Fiesta Bowl victory as interim head coach - was for a five-year contract, which would have taken him through 2012, and contained a flat-fee buyout of $1 million.
Those numbers were changed between Stewart's promotion on Jan. 3, 2008, and signing his contract more than nine months later.
The modified agreement details the potential outcomes Luck created for Stewart following back-to-back losses to Syracuse and Connecticut in October 2010.
One was for Stewart to announce his resignation at the end of the 2010 season. He would receive a $750,000 buyout and accept an "alternate position of employment" for a 30-month period and a total salary of $375,000, plus use of a car and four "premium" tickets for each home football and men's basketball game and each postseason game in which those teams would play.
The second possibility was the one Stewart has now. He was welcomed back to coach the 2011 season with Dana Holgorsen as the offensive coordinator and Stewart's successor beginning with the 2012 season.
Stewart was told of that option Dec. 7, the deadline set in the November agreement, in a letter from William H. Hutchens, WVU's vice president for legal affairs. The letter also said Luck and Stewart were to meet two days later with Holgorsen, who was anonymously identified as "the potential coach in waiting/offensive coordinator."
The letter allowed for consequences to come from the meeting. WVU withheld the right to decide within 72 hours if it would "revoke the offer for Stewart to remain as head football coach."
Luck announced Dec. 16 Stewart would work the final year, and then move to the alternate position.
The document states Stewart "shall be entitled" to all base, supplemental and incentive compensation for the 2011 season, as defined in his September 2008 contract. If Stewart is still the WVU head coach on Sept. 1, his coaching salary for 2011 will be $950,000, plus incentives.
The agreement says "if the University does not offer Stewart the opportunity to coach the football team after the 2011 regular season or the post-season bowl game, or if he is terminated for any reason during the 2011 season," Stewart is entitled to the $750,000 buyout, plus the salary for the alternate position.
The agreement also says the job "is terminable at will by Stewart" at any point and he's eligible for whatever remains of the $375,000.
There is no language in the modified November agreement that would prevent Stewart from taking a job at another school without forfeiting the buyout or the $375,000 for WVU "alternative employment."
Those type of "non-compete" clauses are common in major college coaching deals, and Stewart had one in his September 2008 contract, prohibiting his move to any other Big East school for an 18-month period "after termination" by WVU.
The final agreement could be revised to include one of those clauses.
Contact sportswriter Mike Casazza at mi...@dailymail.com or 304-319-1142. His blog is at blogs.dailymail.com/wvu.