SALARY ADJUSTMENT FOR                                                                                                 RES237_040806 PRESIDENT IVORY V. NELSON

WHEREAS, The compensation/benefits package has not been addressed since November 20, 2004; and

WHEREAS, The President’s current salary since it was last adjusted on November 20, 2004, totaled $198,000 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 12.6 percent; now, therefore be it

RESOLVED, That the Board of Trustees authorizes an increase of 12.6 percent which makes the total base compensation $226,600 to become effective immediately.

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