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Jan 18, 2016 12:09 PM EST

The University of Cincinnati agreed to pay the family of Samuel DuBose $4.8 million to settle a lawsuit over the man's death at the hands of a school police officer.

DuBose was shot and killed in July after University Officer Ray Tensing pulled him over for a missing license plate. Tensing was later indicted for DuBose's murder, to which he pleaded not guilty, and awaits trial.

According to NBC News, UC will pay the DuBose family $4.8 million in addition to more than $500,000 in tuition and fees for all the man's 12 children. With tuition and other expenses bound to rise by the time the younger children enter college, the settlement is expected to surpass $5 million.

Billy Martin, a Washington D.C.-based attorney, mediated the agreement over the course of two days, Cleveland.com reported, and now awaits the approval of the Hamilton County Probate Court.

"The example here demonstrates to communities hurting all over the country that positive results can be achieved through this type of cooperation," Martin said in a statement.

When Tensing pulled over DuBose in July the entire exchange was caught on the officer's body camera, Reuters noted. During the stop, Tensing repeatedly asked DuBose to get out of his car.

When DuBose would not, Tensing tried to open the car door. As DuBose tried to drive away, Tensing fired into the car and shot the man in the head. The officer called in the incident on his radio, claiming he had to shoot because his arm was caught as DuBose was about to drive away.

"I want to again express on behalf of the University of Cincinnati community our deepest sadness and regrets at the heartbreaking loss of the life of Samuel DuBose," UC President Santa J. Ono said in statement. "This agreement is also part of the healing process not only for the family but also for our university and Cincinnati communities."

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