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BOARD TRANSMITTAL

MEETING:

Personnel and Compensation Committee

SUBJECT:

Executive Incentive Compensation Plan

Adjustments

DATE:

September 27, 2018

PRESENTER:

Danny Gibbs, Vice Chancellor for Business and

Finance

PRESENTATION REQUIREMENT: 5 minutes with discussion

ACTION REQUIRED:

Roll Call Vote

STAFF’S

RECOMMENDATION:

Approval

At the June Board meeting, the Committee reviewed and approved the executive

incentive compensation plan payments.

Since that time Chancellor Tydings has identified a discrepancy in the original

request for President Bill Seymour of Cleveland State Community College that needs

to be corrected. While the incentive payment request included an amount for

President Bill Seymour, it was only a portion of the amount he was deemed to be

eligible to receive. The original one-time pay request was for $455. The correct

amount should have been $2,321, resulting in an additional one-time payment of

$1,821.

Additionally, it was noted that while President Jerry Young was new in his position

at Morristown, he was eligible to receive an incentive payment for his time as the

previous president of Crossville. The total incentive amount recommended for

President Young is $3,128.

Staff is recommending approval of this request.