|
| | SB2159 Enrolled | - 2 - | LRB099 12932 NHT 36945 b |
|
|
1 | | University
related to their employment. |
2 | | (5) Final action on the formation, renewal, extension,
|
3 | | or termination of the employment contracts of the president |
4 | | or all chancellors of the University must be made
during an |
5 | | open meeting of the Board of Trustees. |
6 | | (6) Public notice, compliant with the provisions of the |
7 | | Open Meetings Act, must be given prior to final
action on |
8 | | the formation, renewal, extension, or
termination of the |
9 | | employment contracts of the president or all chancellors of |
10 | | the University and must include a copy of the Board item or |
11 | | other documentation providing, at a minimum, a description |
12 | | of the proposed principal financial components of the |
13 | | president's or all chancellors' appointments. |
14 | | (7) Any performance-based bonus or incentive-based |
15 | | compensation to the president or all chancellors of the |
16 | | University must be
approved by the Board in an open |
17 | | meeting. The
performance upon which the bonus is based
must |
18 | | be made available to the public no less than 48 hours
|
19 | | before Board approval of the performance-based bonus or |
20 | | incentive-based compensation. |
21 | | (8) Board minutes, board packets, and annual
|
22 | | performance reviews concerning the president or all |
23 | | chancellors of the University must be made
available to the |
24 | | public on the University's Internet
website. |
25 | | (110 ILCS 305/95 new) |
|
| | SB2159 Enrolled | - 3 - | LRB099 12932 NHT 36945 b |
|
|
1 | | Sec. 95. Executive accountability. The Board of Trustees
|
2 | | must complete an annual performance review of the president and
|
3 | | any chancellors of the University. Such annual performance
|
4 | | review must be considered when the Board contemplates a bonus, |
5 | | incentive-based compensation,
raise, or severance agreement |
6 | | for the president or all chancellors of the University. |
7 | | Section 10. The Southern Illinois University Management |
8 | | Act is amended by adding Sections 75 and 80 as follows: |
9 | | (110 ILCS 520/75 new) |
10 | | Sec. 75. Employment contract limitations. This Section
|
11 | | applies to the employment contracts of the president or all |
12 | | chancellors of the University entered into, amended,
renewed, |
13 | | or extended after the effective date of this
amendatory Act of |
14 | | the 99th General Assembly. This Section does
not apply to |
15 | | collective bargaining agreements. With respect to
employment |
16 | | contracts entered into with the president or all chancellors of |
17 | | the
University: |
18 | | (1) Severance under the contract may not exceed one |
19 | | year salary and applicable benefits. |
20 | | (2) A contract with a determinate start and end date |
21 | | may not exceed 4 years. |
22 | | (3) The contract may not include any automatic rollover |
23 | | clauses. |
24 | | (4) Severance payments or contract buyouts may be |
|
| | SB2159 Enrolled | - 4 - | LRB099 12932 NHT 36945 b |
|
|
1 | | placed in an escrow account if there are pending criminal |
2 | | charges against the president or all chancellors of the |
3 | | University
related to their employment. |
4 | | (5) Final action on the formation, renewal, extension,
|
5 | | or termination of the employment contracts of the president |
6 | | or all chancellors of the University must be made
during an |
7 | | open meeting of the Board. |
8 | | (6) Public notice, compliant with the provisions of the |
9 | | Open Meetings Act, must be given prior to final
action on |
10 | | the formation, renewal, extension, or
termination of the |
11 | | employment contracts of the president or all chancellors of |
12 | | the University and must include a copy of the Board item or |
13 | | other documentation providing, at a minimum, a description |
14 | | of the proposed principal financial components of the |
15 | | president's or all chancellors' appointments. |
16 | | (7) Any performance-based bonus or incentive-based |
17 | | compensation to the president or all chancellors of the |
18 | | University must be
approved by the Board in an open |
19 | | meeting. The
performance upon which the bonus is based
must |
20 | | be made available to the public no less than 48 hours
|
21 | | before Board approval of the performance-based bonus or |
22 | | incentive-based compensation. |
23 | | (8) Board minutes, board packets, and annual
|
24 | | performance reviews concerning the president or all |
25 | | chancellors of the University must be made
available to the |
26 | | public on the University's Internet
website. |
|
| | SB2159 Enrolled | - 5 - | LRB099 12932 NHT 36945 b |
|
|
1 | | (110 ILCS 520/80 new) |
2 | | Sec. 80. Executive accountability. The Board must complete |
3 | | an annual performance review of the president and
any |
4 | | chancellors of the University. Such annual performance
review |
5 | | must be considered when the Board contemplates a bonus, |
6 | | incentive-based compensation,
raise, or severance agreement |
7 | | for the president or all chancellors of the University. |
8 | | Section 15. The Chicago State University Law is amended by |
9 | | adding Sections 5-185 and 5-190 as follows: |
10 | | (110 ILCS 660/5-185 new) |
11 | | Sec. 5-185. Employment contract limitations. This Section
|
12 | | applies to the employment contracts of the president or all |
13 | | chancellors of the University entered into, amended,
renewed, |
14 | | or extended after the effective date of this
amendatory Act of |
15 | | the 99th General Assembly. This Section does
not apply to |
16 | | collective bargaining agreements. With respect to
employment |
17 | | contracts entered into with the president or all chancellors of |
18 | | the
University: |
19 | | (1) Severance under the contract may not exceed one |
20 | | year salary and applicable benefits. |
21 | | (2) A contract with a determinate start and end date |
22 | | may not exceed 4 years. |
23 | | (3) The contract may not include any automatic rollover |
|
| | SB2159 Enrolled | - 6 - | LRB099 12932 NHT 36945 b |
|
|
1 | | clauses. |
2 | | (4) Severance payments or contract buyouts may be |
3 | | placed in an escrow account if there are pending criminal |
4 | | charges against the president or all chancellors of the |
5 | | University
related to their employment. |
6 | | (5) Final action on the formation, renewal, extension,
|
7 | | or termination of the employment contracts of the president |
8 | | or all chancellors of the University must be made
during an |
9 | | open meeting of the Board. |
10 | | (6) Public notice, compliant with the provisions of the |
11 | | Open Meetings Act, must be given prior to final
action on |
12 | | the formation, renewal, extension, or
termination of the |
13 | | employment contracts of the president or all chancellors of |
14 | | the University and must include a copy of the Board item or |
15 | | other documentation providing, at a minimum, a description |
16 | | of the proposed principal financial components of the |
17 | | president's or all chancellors' appointments. |
18 | | (7) Any performance-based bonus or incentive-based |
19 | | compensation to the president or all chancellors of the |
20 | | University must be
approved by the Board in an open |
21 | | meeting. The
performance upon which the bonus is based
must |
22 | | be made available to the public no less than 48 hours
|
23 | | before Board approval of the performance-based bonus or |
24 | | incentive-based compensation. |
25 | | (8) Board minutes, board packets, and annual
|
26 | | performance reviews concerning the president or all |
|
| | SB2159 Enrolled | - 7 - | LRB099 12932 NHT 36945 b |
|
|
1 | | chancellors of the University must be made
available to the |
2 | | public on the University's Internet
website. |
3 | | (110 ILCS 660/5-190 new) |
4 | | Sec. 5-190. Executive accountability. The Board must |
5 | | complete an annual performance review of the president and
any |
6 | | chancellors of the University. Such annual performance
review |
7 | | must be considered when the Board contemplates a bonus, |
8 | | incentive-based compensation,
raise, or severance agreement |
9 | | for the president or all chancellors of the University. |
10 | | Section 20. The Eastern Illinois University Law is amended |
11 | | by adding Sections 10-185 and 10-190 as follows: |
12 | | (110 ILCS 665/10-185 new) |
13 | | Sec. 10-185. Employment contract limitations. This Section
|
14 | | applies to the employment contracts of the president or all |
15 | | chancellors of the University entered into, amended,
renewed, |
16 | | or extended after the effective date of this
amendatory Act of |
17 | | the 99th General Assembly. This Section does
not apply to |
18 | | collective bargaining agreements. With respect to
employment |
19 | | contracts entered into with the president or all chancellors of |
20 | | the
University: |
21 | | (1) Severance under the contract may not exceed one |
22 | | year salary and applicable benefits. |
23 | | (2) A contract with a determinate start and end date |
|
| | SB2159 Enrolled | - 8 - | LRB099 12932 NHT 36945 b |
|
|
1 | | may not exceed 4 years. |
2 | | (3) The contract may not include any automatic rollover |
3 | | clauses. |
4 | | (4) Severance payments or contract buyouts may be |
5 | | placed in an escrow account if there are pending criminal |
6 | | charges against the president or all chancellors of the |
7 | | University
related to their employment. |
8 | | (5) Final action on the formation, renewal, extension,
|
9 | | or termination of the employment contracts of the president |
10 | | or all chancellors of the University must be made
during an |
11 | | open meeting of the Board. |
12 | | (6) Public notice, compliant with the provisions of the |
13 | | Open Meetings Act, must be given prior to final
action on |
14 | | the formation, renewal, extension, or
termination of the |
15 | | employment contracts of the president or all chancellors of |
16 | | the University and must include a copy of the Board item or |
17 | | other documentation providing, at a minimum, a description |
18 | | of the proposed principal financial components of the |
19 | | president's or all chancellors' appointments. |
20 | | (7) Any performance-based bonus or incentive-based |
21 | | compensation to the president or all chancellors of the |
22 | | University must be
approved by the Board in an open |
23 | | meeting. The
performance upon which the bonus is based
must |
24 | | be made available to the public no less than 48 hours
|
25 | | before Board approval of the performance-based bonus or |
26 | | incentive-based compensation. |
|
| | SB2159 Enrolled | - 9 - | LRB099 12932 NHT 36945 b |
|
|
1 | | (8) Board minutes, board packets, and annual
|
2 | | performance reviews concerning the president or all |
3 | | chancellors of the University must be made
available to the |
4 | | public on the University's Internet
website. |
5 | | (110 ILCS 665/10-190 new) |
6 | | Sec. 10-190. Executive accountability. The Board must |
7 | | complete an annual performance review of the president and
any |
8 | | chancellors of the University. Such annual performance
review |
9 | | must be considered when the Board contemplates a bonus, |
10 | | incentive-based compensation,
raise, or severance agreement |
11 | | for the president or all chancellors of the University. |
12 | | Section 25. The Governors State University Law is amended |
13 | | by adding Sections 15-185 and 15-190 as follows: |
14 | | (110 ILCS 670/15-185 new) |
15 | | Sec. 15-185. Employment contract limitations. This Section
|
16 | | applies to the employment contracts of the president or all |
17 | | chancellors of the University entered into, amended,
renewed, |
18 | | or extended after the effective date of this
amendatory Act of |
19 | | the 99th General Assembly. This Section does
not apply to |
20 | | collective bargaining agreements. With respect to
employment |
21 | | contracts entered into with the president or all chancellors of |
22 | | the
University: |
23 | | (1) Severance under the contract may not exceed one |
|
| | SB2159 Enrolled | - 10 - | LRB099 12932 NHT 36945 b |
|
|
1 | | year salary and applicable benefits. |
2 | | (2) A contract with a determinate start and end date |
3 | | may not exceed 4 years. |
4 | | (3) The contract may not include any automatic rollover |
5 | | clauses. |
6 | | (4) Severance payments or contract buyouts may be |
7 | | placed in an escrow account if there are pending criminal |
8 | | charges against the president or all chancellors of the |
9 | | University
related to their employment. |
10 | | (5) Final action on the formation, renewal, extension,
|
11 | | or termination of the employment contracts of the president |
12 | | or all chancellors of the University must be made
during an |
13 | | open meeting of the Board. |
14 | | (6) Public notice, compliant with the provisions of the |
15 | | Open Meetings Act, must be given prior to final
action on |
16 | | the formation, renewal, extension, or
termination of the |
17 | | employment contracts of the president or all chancellors of |
18 | | the University and must include a copy of the Board item or |
19 | | other documentation providing, at a minimum, a description |
20 | | of the proposed principal financial components of the |
21 | | president's or all chancellors' appointments. |
22 | | (7) Any performance-based bonus or incentive-based |
23 | | compensation to the president or all chancellors of the |
24 | | University must be
approved by the Board in an open |
25 | | meeting. The
performance upon which the bonus is based
must |
26 | | be made available to the public no less than 48 hours
|
|
| | SB2159 Enrolled | - 11 - | LRB099 12932 NHT 36945 b |
|
|
1 | | before Board approval of the performance-based bonus or |
2 | | incentive-based compensation. |
3 | | (8) Board minutes, board packets, and annual
|
4 | | performance reviews concerning the president or all |
5 | | chancellors of the University must be made
available to the |
6 | | public on the University's Internet
website. |
7 | | (110 ILCS 670/15-190 new) |
8 | | Sec. 15-190. Executive accountability. The Board must |
9 | | complete an annual performance review of the president and
any |
10 | | chancellors of the University. Such annual performance
review |
11 | | must be considered when the Board contemplates a bonus, |
12 | | incentive-based compensation,
raise, or severance agreement |
13 | | for the president or all chancellors of the University. |
14 | | Section 30. The Illinois State University Law is amended by |
15 | | adding Sections 20-190 and 20-195 as follows: |
16 | | (110 ILCS 675/20-190 new) |
17 | | Sec. 20-190. Employment contract limitations. This Section
|
18 | | applies to the employment contracts of the president or all |
19 | | chancellors of the University entered into, amended,
renewed, |
20 | | or extended after the effective date of this
amendatory Act of |
21 | | the 99th General Assembly. This Section does
not apply to |
22 | | collective bargaining agreements. With respect to
employment |
23 | | contracts entered into with the president or all chancellors of |
|
| | SB2159 Enrolled | - 12 - | LRB099 12932 NHT 36945 b |
|
|
1 | | the
University: |
2 | | (1) Severance under the contract may not exceed one |
3 | | year salary and applicable benefits. |
4 | | (2) A contract with a determinate start and end date |
5 | | may not exceed 4 years. |
6 | | (3) The contract may not include any automatic rollover |
7 | | clauses. |
8 | | (4) Severance payments or contract buyouts may be |
9 | | placed in an escrow account if there are pending criminal |
10 | | charges against the president or all chancellors of the |
11 | | University
related to their employment. |
12 | | (5) Final action on the formation, renewal, extension,
|
13 | | or termination of the employment contracts of the president |
14 | | or all chancellors of the University must be made
during an |
15 | | open meeting of the Board. |
16 | | (6) Public notice, compliant with the provisions of the |
17 | | Open Meetings Act, must be given prior to final
action on |
18 | | the formation, renewal, extension, or
termination of the |
19 | | employment contracts of the president or all chancellors of |
20 | | the University and must include a copy of the Board item or |
21 | | other documentation providing, at a minimum, a description |
22 | | of the proposed principal financial components of the |
23 | | president's or all chancellors' appointments. |
24 | | (7) Any performance-based bonus or incentive-based |
25 | | compensation to the president or all chancellors of the |
26 | | University must be
approved by the Board in an open |
|
| | SB2159 Enrolled | - 13 - | LRB099 12932 NHT 36945 b |
|
|
1 | | meeting. The
performance upon which the bonus is based
must |
2 | | be made available to the public no less than 48 hours
|
3 | | before Board approval of the performance-based bonus or |
4 | | incentive-based compensation. |
5 | | (8) Board minutes, board packets, and annual
|
6 | | performance reviews concerning the president or all |
7 | | chancellors of the University must be made
available to the |
8 | | public on the University's Internet
website. |
9 | | (110 ILCS 675/20-195 new) |
10 | | Sec. 20-195. Executive accountability. The Board must |
11 | | complete an annual performance review of the president and
any |
12 | | chancellors of the University. Such annual performance
review |
13 | | must be considered when the Board contemplates a bonus, |
14 | | incentive-based compensation,
raise, or severance agreement |
15 | | for the president or all chancellors of the University. |
16 | | Section 35. The Northeastern Illinois University Law is |
17 | | amended by adding Sections 25-185 and 25-190 as follows: |
18 | | (110 ILCS 680/25-185 new) |
19 | | Sec. 25-185. Employment contract limitations. This Section
|
20 | | applies to the employment contracts of the president or all |
21 | | chancellors of the University entered into, amended,
renewed, |
22 | | or extended after the effective date of this
amendatory Act of |
23 | | the 99th General Assembly. This Section does
not apply to |
|
| | SB2159 Enrolled | - 14 - | LRB099 12932 NHT 36945 b |
|
|
1 | | collective bargaining agreements. With respect to
employment |
2 | | contracts entered into with the president or all chancellors of |
3 | | the
University: |
4 | | (1) Severance under the contract may not exceed one |
5 | | year salary and applicable benefits. |
6 | | (2) A contract with a determinate start and end date |
7 | | may not exceed 4 years. |
8 | | (3) The contract may not include any automatic rollover |
9 | | clauses. |
10 | | (4) Severance payments or contract buyouts may be |
11 | | placed in an escrow account if there are pending criminal |
12 | | charges against the president or all chancellors of the |
13 | | University
related to their employment. |
14 | | (5) Final action on the formation, renewal, extension,
|
15 | | or termination of the employment contracts of the president |
16 | | or all chancellors of the University must be made
during an |
17 | | open meeting of the Board. |
18 | | (6) Public notice, compliant with the provisions of the |
19 | | Open Meetings Act, must be given prior to final
action on |
20 | | the formation, renewal, extension, or
termination of the |
21 | | employment contracts of the president or all chancellors of |
22 | | the University and must include a copy of the Board item or |
23 | | other documentation providing, at a minimum, a description |
24 | | of the proposed principal financial components of the |
25 | | president's or all chancellors' appointments. |
26 | | (7) Any performance-based bonus or incentive-based |
|
| | SB2159 Enrolled | - 15 - | LRB099 12932 NHT 36945 b |
|
|
1 | | compensation to the president or all chancellors of the |
2 | | University must be
approved by the Board in an open |
3 | | meeting. The
performance upon which the bonus is based
must |
4 | | be made available to the public no less than 48 hours
|
5 | | before Board approval of the performance-based bonus or |
6 | | incentive-based compensation. |
7 | | (8) Board minutes, board packets, and annual
|
8 | | performance reviews concerning the president or all |
9 | | chancellors of the University must be made
available to the |
10 | | public on the University's Internet
website. |
11 | | (110 ILCS 680/25-190 new) |
12 | | Sec. 25-190. Executive accountability. The Board must |
13 | | complete an annual performance review of the president and
any |
14 | | chancellors of the University. Such annual performance
review |
15 | | must be considered when the Board contemplates a bonus, |
16 | | incentive-based compensation,
raise, or severance agreement |
17 | | for the president or all chancellors of the University. |
18 | | Section 40. The Northern Illinois University Law is amended |
19 | | by adding Sections 30-195 and 30-200 as follows: |
20 | | (110 ILCS 685/30-195 new) |
21 | | Sec. 30-195. Employment contract limitations. This Section
|
22 | | applies to the employment contracts of the president or all |
23 | | chancellors of the University entered into, amended,
renewed, |
|
| | SB2159 Enrolled | - 16 - | LRB099 12932 NHT 36945 b |
|
|
1 | | or extended after the effective date of this
amendatory Act of |
2 | | the 99th General Assembly. This Section does
not apply to |
3 | | collective bargaining agreements. With respect to
employment |
4 | | contracts entered into with the president or all chancellors of |
5 | | the
University: |
6 | | (1) Severance under the contract may not exceed one |
7 | | year salary and applicable benefits. |
8 | | (2) A contract with a determinate start and end date |
9 | | may not exceed 4 years. |
10 | | (3) The contract may not include any automatic rollover |
11 | | clauses. |
12 | | (4) Severance payments or contract buyouts may be |
13 | | placed in an escrow account if there are pending criminal |
14 | | charges against the president or all chancellors of the |
15 | | University
related to their employment. |
16 | | (5) Final action on the formation, renewal, extension,
|
17 | | or termination of the employment contracts of the president |
18 | | or all chancellors of the University must be made
during an |
19 | | open meeting of the Board. |
20 | | (6) Public notice, compliant with the provisions of the |
21 | | Open Meetings Act, must be given prior to final
action on |
22 | | the formation, renewal, extension, or
termination of the |
23 | | employment contracts of the president or all chancellors of |
24 | | the University and must include a copy of the Board item or |
25 | | other documentation providing, at a minimum, a description |
26 | | of the proposed principal financial components of the |
|
| | SB2159 Enrolled | - 17 - | LRB099 12932 NHT 36945 b |
|
|
1 | | president's or all chancellors' appointments. |
2 | | (7) Any performance-based bonus or incentive-based |
3 | | compensation to the president or all chancellors of the |
4 | | University must be
approved by the Board in an open |
5 | | meeting. The
performance upon which the bonus is based
must |
6 | | be made available to the public no less than 48 hours
|
7 | | before Board approval of the performance-based bonus or |
8 | | incentive-based compensation. |
9 | | (8) Board minutes, board packets, and annual
|
10 | | performance reviews concerning the president or all |
11 | | chancellors of the University must be made
available to the |
12 | | public on the University's Internet
website. |
13 | | (110 ILCS 685/30-200 new) |
14 | | Sec. 30-200. Executive accountability. The Board must |
15 | | complete an annual performance review of the president and
any |
16 | | chancellors of the University. Such annual performance
review |
17 | | must be considered when the Board contemplates a bonus, |
18 | | incentive-based compensation,
raise, or severance agreement |
19 | | for the president or all chancellors of the University. |
20 | | Section 45. The Western Illinois University Law is amended |
21 | | by adding Sections 35-190 and 35-195 as follows: |
22 | | (110 ILCS 690/35-190 new) |
23 | | Sec. 35-190. Employment contract limitations. This Section
|
|
| | SB2159 Enrolled | - 18 - | LRB099 12932 NHT 36945 b |
|
|
1 | | applies to the employment contracts of the president or all |
2 | | chancellors of the University entered into, amended,
renewed, |
3 | | or extended after the effective date of this
amendatory Act of |
4 | | the 99th General Assembly. This Section does
not apply to |
5 | | collective bargaining agreements. With respect to
employment |
6 | | contracts entered into with the president or all chancellors of |
7 | | the
University: |
8 | | (1) Severance under the contract may not exceed one |
9 | | year salary and applicable benefits. |
10 | | (2) A contract with a determinate start and end date |
11 | | may not exceed 4 years. |
12 | | (3) The contract may not include any automatic rollover |
13 | | clauses. |
14 | | (4) Severance payments or contract buyouts may be |
15 | | placed in an escrow account if there are pending criminal |
16 | | charges against the president or all chancellors of the |
17 | | University
related to their employment. |
18 | | (5) Final action on the formation, renewal, extension,
|
19 | | or termination of the employment contracts of the president |
20 | | or all chancellors of the University must be made
during an |
21 | | open meeting of the Board. |
22 | | (6) Public notice, compliant with the provisions of the |
23 | | Open Meetings Act, must be given prior to final
action on |
24 | | the formation, renewal, extension, or
termination of the |
25 | | employment contracts of the president or all chancellors of |
26 | | the University and must include a copy of the Board item or |
|
| | SB2159 Enrolled | - 19 - | LRB099 12932 NHT 36945 b |
|
|
1 | | other documentation providing, at a minimum, a description |
2 | | of the proposed principal financial components of the |
3 | | president's or all chancellors' appointments. |
4 | | (7) Any performance-based bonus or incentive-based |
5 | | compensation to the president or all chancellors of the |
6 | | University must be
approved by the Board in an open |
7 | | meeting. The
performance upon which the bonus is based
must |
8 | | be made available to the public no less than 48 hours
|
9 | | before Board approval of the performance-based bonus or |
10 | | incentive-based compensation. |
11 | | (8) Board minutes, board packets, and annual
|
12 | | performance reviews concerning the president or all |
13 | | chancellors of the University must be made
available to the |
14 | | public on the University's Internet
website. |
15 | | (110 ILCS 690/35-195 new) |
16 | | Sec. 35-195. Executive accountability. The Board must |
17 | | complete an annual performance review of the president and
any |
18 | | chancellors of the University. Such annual performance
review |
19 | | must be considered when the Board contemplates a bonus, |
20 | | incentive-based compensation,
raise, or severance agreement |
21 | | for the president or all chancellors of the University. |
22 | | Section 50. The Public Community College Act is amended by |
23 | | adding Sections 3-70 and 3-75 as follows: |
|
| | SB2159 Enrolled | - 20 - | LRB099 12932 NHT 36945 b |
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1 | | (110 ILCS 805/3-70 new) |
2 | | Sec. 3-70. Employment contract transparency. This Section
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3 | | applies to the employment contracts of the president or all |
4 | | chancellors of the community college entered into, amended,
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5 | | renewed, or extended after the effective date of this
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6 | | amendatory Act of the 99th General Assembly. This Section does
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7 | | not apply to collective bargaining agreements. With respect to
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8 | | employment contracts entered into with the president or all |
9 | | chancellors of the
community college: |
10 | | (1) Severance payments or contract buyouts may be |
11 | | placed in an escrow account if there are pending criminal |
12 | | charges against the president or all chancellors of the |
13 | | community college related to their employment. |
14 | | (2) Final action on the formation, renewal, extension, |
15 | | or termination of the employment contracts of the president |
16 | | or all chancellors of the community college must be made
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17 | | during an open meeting of the board. |
18 | | (3) Public notice, compliant with the Open Meetings |
19 | | Act, must be given prior to final
action on the formation, |
20 | | renewal, extension, or
termination of the employment |
21 | | contracts of the president or all chancellors of the |
22 | | community college and must include a copy of the board item |
23 | | or other documentation providing, at a minimum, a |
24 | | description of the proposed principal financial components |
25 | | of the president's or any chancellor's appointment. |
26 | | (4) Any performance-based bonus or incentive-based |
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| | SB2159 Enrolled | - 21 - | LRB099 12932 NHT 36945 b |
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1 | | compensation to the president or all chancellors of the |
2 | | community college must be approved by the board in an open |
3 | | meeting. The performance criteria and goals upon which the |
4 | | bonus or incentive-based compensation is based must be made |
5 | | available to the public no less than 48 hours before board |
6 | | approval of the performance-based bonus or incentive-based |
7 | | compensation. |
8 | | (5) Board minutes, board packets, and annual
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9 | | performance criteria and goals concerning the president or |
10 | | any chancellors must be made
available to the public on the |
11 | | community college district's
Internet website. |
12 | | (110 ILCS 805/3-75 new) |
13 | | Sec. 3-75. Executive accountability. Each board must |
14 | | complete
an annual performance review of the president and all
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15 | | chancellors of the community college. Such annual performance
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16 | | reviews must be considered when the board contemplates a bonus,
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17 | | raise, or severance agreement for the president or chancellor. |