SALARY ADJUSTMENT FOR                                                                                                   RES197_112004 PRESIDENT IVORY V. NELSON

WHEREAS, Due to faculty negotiations, and at the behest of the President, his compensation/benefits package was left unaddressed until the completion of said negotiations; and

WHEREAS, The compensation/benefits package has not been addressed since August 15, 2002; and

WHEREAS, The President’s current salary since it was last adjusted in 2002, totaled $168,561.92 excluding benefits; and

WHEREAS, In order to maintain current compensation trends amongst comparable institutions of higher learning, the Board has determined it appropriate to adjust the President’s current salary by approximately 17.5 percent; now, therefore be it

RESOLVED, That the Board of Trustees authorizes an increase of 17.5 percent or $198,000 to become effective immediately; and further

RESOLVED, That the adjustments to the President’s salary may be revisited by the Business Affairs Committee at any time to determine the appropriateness of said increase.

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