SUBJECT: TECHNICAL AMENDMENT TO PRESIDENT’S EMPLOYMENT AGREEMENTEmployment Agreement • November 10th, 2011 • Florida
Contract Type FiledNovember 10th, 2011 JurisdictionOn June 7, 2010, the Board entered into an employment agreement (the “Agreement”) with President Saunders. Pursuant to the Agreement, the University provides President Saunders all standard State of Florida and University employment benefits applicable to the position of President. These benefits include contributions by the University to the President’s state retirement account. The University also provides a supplemental deferred compensation benefit at a rate equal to fifteen percent (15%) of President Saunders' annual base salary during each year of the Agreement.