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| | 09900SB2159sam001 | - 2 - | LRB099 12932 SXM 38313 a |
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1 | | (2) A contract with a determinate start and end date |
2 | | may not exceed 4 years. |
3 | | (3) The contract may not include any automatic rollover |
4 | | clauses. |
5 | | (4) Severance payments or contract buyouts may not
|
6 | | occur if there are pending criminal charges against the |
7 | | president or all chancellors of the University
related to |
8 | | their employment. |
9 | | (5) Final action on the formation, renewal, extension,
|
10 | | or termination of the employment contracts of the president |
11 | | or all chancellors of the University must be made
during an |
12 | | open meeting of the Board of Trustees. |
13 | | (6) Public notice, compliant with the provisions of the |
14 | | Open Meetings Act, must be given prior to final
action on |
15 | | the formation, renewal, extension, or
termination of the |
16 | | employment contracts of the president or all chancellors of |
17 | | the University and must include a copy of the Board item or |
18 | | other documentation providing, at a minimum, a description |
19 | | of the proposed principal financial components of the |
20 | | president's or all chancellors' appointments. |
21 | | (7) Any performance-based bonus or incentive-based |
22 | | compensation to the president or all chancellors of the |
23 | | University must be
approved by the Board in an open |
24 | | meeting. The
performance upon which the bonus is based
must |
25 | | be made available to the public no less than 48 hours
|
26 | | before Board approval of the performance-based bonus or |
|
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|
|
1 | | incentive-based compensation. |
2 | | (8) Board minutes, board packets, and annual
|
3 | | performance reviews concerning the president or all |
4 | | chancellors of the University must be made
available to the |
5 | | public on the University's Internet
website. |
6 | | (9) Performance-based bonus payments or |
7 | | incentive-based compensation that result in an
increase in |
8 | | the final rate of earnings under Section 15-112
of the |
9 | | Illinois Pension Code may not be paid with taxpayer
or |
10 | | tuition funds. |
11 | | (110 ILCS 305/95 new) |
12 | | Sec. 95. Executive accountability. The Board of Trustees
|
13 | | must complete an annual performance review of the president and
|
14 | | any chancellors of the University. Such annual performance
|
15 | | review 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 10. The Southern Illinois University Management |
19 | | Act is amended by adding Sections 75 and 80 as follows: |
20 | | (110 ILCS 520/75 new) |
21 | | Sec. 75. 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, |
|
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|
|
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 not
|
13 | | occur if there are pending criminal charges against the |
14 | | president or all chancellors of the University
related to |
15 | | 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 |
|
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|
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 | | (9) Performance-based bonus payments or |
14 | | incentive-based compensation that result in an
increase in |
15 | | the final rate of earnings under Section 15-112
of the |
16 | | Illinois Pension Code may not be paid with taxpayer
or |
17 | | tuition funds. |
18 | | (110 ILCS 520/80 new) |
19 | | Sec. 80. Executive accountability. The Board must complete |
20 | | an annual performance review of the president and
any |
21 | | chancellors of the University. Such annual performance
review |
22 | | must be considered when the Board contemplates a bonus, |
23 | | incentive-based compensation,
raise, or severance agreement |
24 | | for the president or all chancellors of the University. |
|
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|
1 | | Section 15. The Chicago State University Law is amended by |
2 | | adding Sections 5-185 and 5-190 as follows: |
3 | | (110 ILCS 660/5-185 new) |
4 | | Sec. 5-185. Employment contract limitations. This Section
|
5 | | applies to the employment contracts of the president or all |
6 | | chancellors of the University entered into, amended,
renewed, |
7 | | or extended after the effective date of this
amendatory Act of |
8 | | the 99th General Assembly. This Section does
not apply to |
9 | | collective bargaining agreements. With respect to
employment |
10 | | contracts entered into with the president or all chancellors of |
11 | | the
University: |
12 | | (1) Severance under the contract may not exceed one |
13 | | year salary and applicable benefits. |
14 | | (2) A contract with a determinate start and end date |
15 | | may not exceed 4 years. |
16 | | (3) The contract may not include any automatic rollover |
17 | | clauses. |
18 | | (4) Severance payments or contract buyouts may not
|
19 | | occur if there are pending criminal charges against the |
20 | | president or all chancellors of the University
related to |
21 | | their employment. |
22 | | (5) Final action on the formation, renewal, extension,
|
23 | | or termination of the employment contracts of the president |
24 | | or all chancellors of the University must be made
during an |
25 | | open meeting of the Board. |
|
| | 09900SB2159sam001 | - 7 - | LRB099 12932 SXM 38313 a |
|
|
1 | | (6) Public notice, compliant with the provisions of the |
2 | | Open Meetings Act, must be given prior to final
action on |
3 | | the formation, renewal, extension, or
termination of the |
4 | | employment contracts of the president or all chancellors of |
5 | | the University and must include a copy of the Board item or |
6 | | other documentation providing, at a minimum, a description |
7 | | of the proposed principal financial components of the |
8 | | president's or all chancellors' appointments. |
9 | | (7) Any performance-based bonus or incentive-based |
10 | | compensation to the president or all chancellors of the |
11 | | University must be
approved by the Board in an open |
12 | | meeting. The
performance upon which the bonus is based
must |
13 | | be made available to the public no less than 48 hours
|
14 | | before Board approval of the performance-based bonus or |
15 | | incentive-based compensation. |
16 | | (8) Board minutes, board packets, and annual
|
17 | | performance reviews concerning the president or all |
18 | | chancellors of the University must be made
available to the |
19 | | public on the University's Internet
website. |
20 | | (9) Performance-based bonus payments or |
21 | | incentive-based compensation that result in an
increase in |
22 | | the final rate of earnings under Section 15-112
of the |
23 | | Illinois Pension Code may not be paid with taxpayer
or |
24 | | tuition funds. |
25 | | (110 ILCS 660/5-190 new) |
|
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|
|
1 | | Sec. 5-190. Executive accountability. The Board must |
2 | | complete an annual performance review of the president and
any |
3 | | chancellors of the University. Such annual performance
review |
4 | | 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 20. The Eastern Illinois University Law is amended |
8 | | by adding Sections 10-185 and 10-190 as follows: |
9 | | (110 ILCS 665/10-185 new) |
10 | | Sec. 10-185. 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 not
|
|
| | 09900SB2159sam001 | - 9 - | LRB099 12932 SXM 38313 a |
|
|
1 | | occur if there are pending criminal charges against the |
2 | | president or all chancellors of the University
related to |
3 | | 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. |
|
| | 09900SB2159sam001 | - 10 - | LRB099 12932 SXM 38313 a |
|
|
1 | | (9) Performance-based bonus payments or |
2 | | incentive-based compensation that result in an
increase in |
3 | | the final rate of earnings under Section 15-112
of the |
4 | | Illinois Pension Code may not be paid with taxpayer
or |
5 | | tuition funds. |
6 | | (110 ILCS 665/10-190 new) |
7 | | Sec. 10-190. Executive accountability. The Board must |
8 | | complete an annual performance review of the president and
any |
9 | | chancellors of the University. Such annual performance
review |
10 | | must be considered when the Board contemplates a bonus, |
11 | | incentive-based compensation,
raise, or severance agreement |
12 | | for the president or all chancellors of the University. |
13 | | Section 25. The Governors State University Law is amended |
14 | | by adding Sections 15-185 and 15-190 as follows: |
15 | | (110 ILCS 670/15-185 new) |
16 | | Sec. 15-185. Employment contract limitations. This Section
|
17 | | applies to the employment contracts of the president or all |
18 | | chancellors of the University entered into, amended,
renewed, |
19 | | or extended after the effective date of this
amendatory Act of |
20 | | the 99th General Assembly. This Section does
not apply to |
21 | | collective bargaining agreements. With respect to
employment |
22 | | contracts entered into with the president or all chancellors of |
23 | | the
University: |
|
| | 09900SB2159sam001 | - 11 - | LRB099 12932 SXM 38313 a |
|
|
1 | | (1) Severance under the contract may not exceed one |
2 | | year salary and applicable benefits. |
3 | | (2) A contract with a determinate start and end date |
4 | | may not exceed 4 years. |
5 | | (3) The contract may not include any automatic rollover |
6 | | clauses. |
7 | | (4) Severance payments or contract buyouts may not
|
8 | | occur if there are pending criminal charges against the |
9 | | president or all chancellors of the University
related to |
10 | | their employment. |
11 | | (5) Final action on the formation, renewal, extension,
|
12 | | or termination of the employment contracts of the president |
13 | | or all chancellors of the University must be made
during an |
14 | | open meeting of the Board. |
15 | | (6) Public notice, compliant with the provisions of the |
16 | | Open Meetings Act, must be given prior to final
action on |
17 | | the formation, renewal, extension, or
termination of the |
18 | | employment contracts of the president or all chancellors of |
19 | | the University and must include a copy of the Board item or |
20 | | other documentation providing, at a minimum, a description |
21 | | of the proposed principal financial components of the |
22 | | president's or all chancellors' appointments. |
23 | | (7) Any performance-based bonus or incentive-based |
24 | | compensation to the president or all chancellors of the |
25 | | University must be
approved by the Board in an open |
26 | | meeting. The
performance upon which the bonus is based
must |
|
| | 09900SB2159sam001 | - 12 - | LRB099 12932 SXM 38313 a |
|
|
1 | | be made available to the public no less than 48 hours
|
2 | | before Board approval of the performance-based bonus or |
3 | | incentive-based compensation. |
4 | | (8) Board minutes, board packets, and annual
|
5 | | performance reviews concerning the president or all |
6 | | chancellors of the University must be made
available to the |
7 | | public on the University's Internet
website. |
8 | | (9) Performance-based bonus payments or |
9 | | incentive-based compensation that result in an
increase in |
10 | | the final rate of earnings under Section 15-112
of the |
11 | | Illinois Pension Code may not be paid with taxpayer
or |
12 | | tuition funds. |
13 | | (110 ILCS 670/15-190 new) |
14 | | Sec. 15-190. 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 30. The Illinois State University Law is amended by |
21 | | adding Sections 20-190 and 20-195 as follows: |
22 | | (110 ILCS 675/20-190 new) |
23 | | Sec. 20-190. Employment contract limitations. This Section
|
|
| | 09900SB2159sam001 | - 13 - | LRB099 12932 SXM 38313 a |
|
|
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 not
|
15 | | occur if there are pending criminal charges against the |
16 | | president or all chancellors of the University
related to |
17 | | 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 |
|
| | 09900SB2159sam001 | - 14 - | LRB099 12932 SXM 38313 a |
|
|
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 | | (9) Performance-based bonus payments or |
16 | | incentive-based compensation that result in an
increase in |
17 | | the final rate of earnings under Section 15-112
of the |
18 | | Illinois Pension Code may not be paid with taxpayer
or |
19 | | tuition funds. |
20 | | (110 ILCS 675/20-195 new) |
21 | | Sec. 20-195. Executive accountability. The Board must |
22 | | complete an annual performance review of the president and
any |
23 | | chancellors of the University. Such annual performance
review |
24 | | must be considered when the Board contemplates a bonus, |
25 | | incentive-based compensation,
raise, or severance agreement |
|
| | 09900SB2159sam001 | - 15 - | LRB099 12932 SXM 38313 a |
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|
1 | | for the president or all chancellors of the University. |
2 | | Section 35. The Northeastern Illinois University Law is |
3 | | amended by adding Sections 25-185 and 25-190 as follows: |
4 | | (110 ILCS 680/25-185 new) |
5 | | Sec. 25-185. Employment contract limitations. This Section
|
6 | | applies to the employment contracts of the president or all |
7 | | chancellors of the University entered into, amended,
renewed, |
8 | | or extended after the effective date of this
amendatory Act of |
9 | | the 99th General Assembly. This Section does
not apply to |
10 | | collective bargaining agreements. With respect to
employment |
11 | | contracts entered into with the president or all chancellors of |
12 | | the
University: |
13 | | (1) Severance under the contract may not exceed one |
14 | | year salary and applicable benefits. |
15 | | (2) A contract with a determinate start and end date |
16 | | may not exceed 4 years. |
17 | | (3) The contract may not include any automatic rollover |
18 | | clauses. |
19 | | (4) Severance payments or contract buyouts may not
|
20 | | occur if there are pending criminal charges against the |
21 | | president or all chancellors of the University
related to |
22 | | their employment. |
23 | | (5) Final action on the formation, renewal, extension,
|
24 | | or termination of the employment contracts of the president |
|
| | 09900SB2159sam001 | - 16 - | LRB099 12932 SXM 38313 a |
|
|
1 | | or all chancellors of the University must be made
during an |
2 | | open meeting of the Board. |
3 | | (6) Public notice, compliant with the provisions of the |
4 | | Open Meetings Act, must be given prior to final
action on |
5 | | the formation, renewal, extension, or
termination of the |
6 | | employment contracts of the president or all chancellors of |
7 | | the University and must include a copy of the Board item or |
8 | | other documentation providing, at a minimum, a description |
9 | | of the proposed principal financial components of the |
10 | | president's or all chancellors' appointments. |
11 | | (7) Any performance-based bonus or incentive-based |
12 | | compensation to the president or all chancellors of the |
13 | | University must be
approved by the Board in an open |
14 | | meeting. The
performance upon which the bonus is based
must |
15 | | be made available to the public no less than 48 hours
|
16 | | before Board approval of the performance-based bonus or |
17 | | incentive-based compensation. |
18 | | (8) Board minutes, board packets, and annual
|
19 | | performance reviews concerning the president or all |
20 | | chancellors of the University must be made
available to the |
21 | | public on the University's Internet
website. |
22 | | (9) Performance-based bonus payments or |
23 | | incentive-based compensation that result in an
increase in |
24 | | the final rate of earnings under Section 15-112
of the |
25 | | Illinois Pension Code may not be paid with taxpayer
or |
26 | | tuition funds. |
|
| | 09900SB2159sam001 | - 17 - | LRB099 12932 SXM 38313 a |
|
|
1 | | (110 ILCS 680/25-190 new) |
2 | | Sec. 25-190. Executive accountability. The Board must |
3 | | complete 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 40. The Northern Illinois University Law is amended |
9 | | by adding Sections 30-195 and 30-200 as follows: |
10 | | (110 ILCS 685/30-195 new) |
11 | | Sec. 30-195. 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 |
|
| | 09900SB2159sam001 | - 18 - | LRB099 12932 SXM 38313 a |
|
|
1 | | clauses. |
2 | | (4) Severance payments or contract buyouts may not
|
3 | | occur if there are pending criminal charges against the |
4 | | president or all chancellors of the University
related to |
5 | | 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 |
|
| | 09900SB2159sam001 | - 19 - | LRB099 12932 SXM 38313 a |
|
|
1 | | chancellors of the University must be made
available to the |
2 | | public on the University's Internet
website. |
3 | | (9) Performance-based bonus payments or |
4 | | incentive-based compensation that result in an
increase in |
5 | | the final rate of earnings under Section 15-112
of the |
6 | | Illinois Pension Code may not be paid with taxpayer
or |
7 | | tuition funds. |
8 | | (110 ILCS 685/30-200 new) |
9 | | Sec. 30-200. Executive accountability. The Board must |
10 | | complete an annual performance review of the president and
any |
11 | | chancellors of the University. Such annual performance
review |
12 | | must be considered when the Board contemplates a bonus, |
13 | | incentive-based compensation,
raise, or severance agreement |
14 | | for the president or all chancellors of the University. |
15 | | Section 45. The Western Illinois University Law is amended |
16 | | by adding Sections 35-190 and 35-195 as follows: |
17 | | (110 ILCS 690/35-190 new) |
18 | | Sec. 35-190. Employment contract limitations. This Section
|
19 | | applies to the employment contracts of the president or all |
20 | | chancellors of the University entered into, amended,
renewed, |
21 | | or extended after the effective date of this
amendatory Act of |
22 | | the 99th General Assembly. This Section does
not apply to |
23 | | collective bargaining agreements. With respect to
employment |
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1 | | contracts entered into with the president or all chancellors of |
2 | | the
University: |
3 | | (1) Severance under the contract may not exceed one |
4 | | year salary and applicable benefits. |
5 | | (2) A contract with a determinate start and end date |
6 | | may not exceed 4 years. |
7 | | (3) The contract may not include any automatic rollover |
8 | | clauses. |
9 | | (4) Severance payments or contract buyouts may not
|
10 | | occur if there are pending criminal charges against the |
11 | | president or all chancellors of the University
related to |
12 | | their employment. |
13 | | (5) Final action on the formation, renewal, extension,
|
14 | | or termination of the employment contracts of the president |
15 | | or all chancellors of the University must be made
during an |
16 | | open meeting of the Board. |
17 | | (6) Public notice, compliant with the provisions of the |
18 | | Open Meetings Act, must be given prior to final
action on |
19 | | the formation, renewal, extension, or
termination of the |
20 | | employment contracts of the president or all chancellors of |
21 | | the University and must include a copy of the Board item or |
22 | | other documentation providing, at a minimum, a description |
23 | | of the proposed principal financial components of the |
24 | | president's or all chancellors' appointments. |
25 | | (7) Any performance-based bonus or incentive-based |
26 | | compensation to the president or all chancellors of the |
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1 | | University must be
approved by the Board in an open |
2 | | meeting. The
performance upon which the bonus is based
must |
3 | | be made available to the public no less than 48 hours
|
4 | | before Board approval of the performance-based bonus or |
5 | | incentive-based compensation. |
6 | | (8) Board minutes, board packets, and annual
|
7 | | performance reviews concerning the president or all |
8 | | chancellors of the University must be made
available to the |
9 | | public on the University's Internet
website. |
10 | | (9) Performance-based bonus payments or |
11 | | incentive-based compensation that result in an
increase in |
12 | | the final rate of earnings under Section 15-112
of the |
13 | | Illinois Pension Code may not be paid with taxpayer
or |
14 | | tuition funds. |
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: |
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1 | | (110 ILCS 805/3-70 new) |
2 | | Sec. 3-70. Employment contract transparency. This Section
|
3 | | applies to the employment contracts of the president or all |
4 | | chancellors of the community college entered into, amended,
|
5 | | renewed, or extended after the effective date of this
|
6 | | amendatory Act of the 99th General Assembly. This Section does
|
7 | | not apply to collective bargaining agreements. With respect to
|
8 | | employment contracts entered into with the president or all |
9 | | chancellors of the
community college: |
10 | | (1) Severance payments or contract buyouts may not |
11 | | occur if there are pending criminal charges against the |
12 | | president or all chancellors of the community college |
13 | | 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
|
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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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
|
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 | | (6) Performance-based bonus payments or |
13 | | incentive-based compensation that result in an
increase in |
14 | | the final rate of earnings under Section 15-112
of the |
15 | | Illinois Pension Code may not be paid with taxpayer
or |
16 | | tuition funds. |
17 | | (110 ILCS 805/3-75 new) |
18 | | Sec. 3-75. Executive accountability. Each board must |
19 | | complete
an annual performance review of the president and all
|
20 | | chancellors of the community college. Such annual performance
|
21 | | reviews must be considered when the board contemplates a bonus,
|
22 | | raise, or severance agreement for the president or |
23 | | chancellor. ".
|