- Associated Press - Tuesday, December 1, 2015

OMAHA, Neb. (AP) - The University of Nebraska Board of Regents will consider a proposed two-year extension for the university’s president.

The Omaha World-Herald reports (https://bit.ly/1lVhk8D ) that the board plans to discuss the proposal, which would extend President Hank Bounds’ term leading the four-campus university system through June 2020.

The original three-year contract Bounds signed with the university in January calls for a yearly extension review.

Bounds’ current contract includes a $480,000 base salary, calls for $20,000 in added private funds and provides 11.5 percent of his base salary in deferred compensation each year. Bounds is also provided with a residence, car and country club membership.

Bounds’ compensation wouldn’t change with the contract extension, but university spokeswoman Melissa Lee says the board can vote to change Bounds’ pay at any time.


Information from: Omaha World-Herald, https://www.omaha.com

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