Minutes of a Regular Meeting, June 22-23, 2004 - Digital Collections

June 22-23, 2004 292233) change his additional and outside compensation from non State appropriatedunrestricted private funds from the annualized rate of $105,000 to the annualized rateof $170,000;4) modify the current performance based incentive bonuses to provide the opportunity toearn up to $75,000 annually; and provide other annual extraordinary achievementbonuses; and,II.Authorize the President and Athletic Director with the assistance of the General Counselto execute a contract including such termsStoops, Robert, that the Board of Regents:I. Modify the employment agreement of Robert Stoops effective January 1, 2004, to extendthe contract one (1) year to January 1, 2010; and,II.Authorize the President and Athletic Director with the assistance of the General Counselto execute a contract including such term.Coale, Sherri, that the Board of Regents:I. Modify the employment agreement of Sherri Coale effective July 1, 2004, anda. extend the contract two (2) years to July 1, 2009;b. change her Base Salary from the annualized rate of $200,000 to the annualized rate of$210,000;c. change her additional and outside compensation from non State appropriated unrestrictedprivate funds from the annualized rate of $220,000 to the annualized rate of $260,000;d. continue the current performance based incentive bonuses including a NationalChampionship bonus, and other performance bonuses; and,II.Authorize the President and Athletic Director with the assistance of the General Counselto execute a contract including such termsGasso, Patty, that the Board of Regents:I. Modify the employment agreement of Patty Gasso effective July 1, 2004, anda. extend the contract three (3) years to July 1, 2007;b. change her Base Salary from the annualized rate of $97,000 to the annualized rate of$102,000;c. change her additional and outside compensation from non State appropriated unrestrictedprivate funds from the annualized rate of $5,000 to the annualized rate of $10,000;d. modify the current performance based incentive bonuses including up to two months basesalary for a National Championship bonus, and other performance bonuses; and,II.Authorize the President and Athletic Director with the assistance of the General Counselto execute a contract including such termsNunno, Steve, that the Board of Regents:I. Modify the employment agreement of Steve Nunno effective July 1, 2004, anda. extend the contract one (1) year to July 1, 2007;b. change his Base Salary from the annualized rate of $72,400 to the annualized rate of$78,000;