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Board approves President Gold’s contractually earned performance pay after debate over funding source
Summary
The Board approved the contractually eligible performance-based component (up to 15%) for President Jeff Gold for fiscal 2024–25 after discussion over whether system funds or external sources should cover the payment. The motion passed on a roll-call vote with two regents recorded as voting 'no.'
The Board of Regents voted to approve President Jeff Gold’s contractually eligible performance-based compensation for the 2024–25 year at the Aug. 14 meeting, following extended discussion about whether university system funds should be used to satisfy the contractually specified payment.
Under section 2 of President Gold’s employment agreement, he is eligible for a performance-based award equal to up to…
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