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Resolutions of
The Board of Trustees

Lincoln University, PA
 

RESOLUTION 285
November 17, 2007

 
PRESIDENTIAL REVIEW 2006-07                                        RES285_111707
   
    

WHEREAS, The Business Affairs Committee met on October 30, 2007 and presented to the Executive Committee on November 5, 2007, the following compensation package that was agreed to by both the Business Affairs Committee and the Executive Committee of the Lincoln University Board of Trustees; and

WHEREAS, Pursuant to Resolution No. 239, passed on April 8, 2006, Dr. Nelson will be provided upon retirement Emeritus Employee status.  As an “Emeritus” employee, he will be allowed to pursue health insurance via the University group rate; now, therefore be it

 RESOLVED, That President Ivory V. Nelson is approved for the following compensation: 

  • A one-time salary adjustment of eight (8) percent retroactive to July 1, 2007, to reflect the current trends in university compensation; and
  • A one-time performance bonus of $25,000 to be paid out January 2, 2008; and further

 RESOLVED, That the Lincoln University Board of Trustees ratifies this compensation package by reference of this Resolution.


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