Full Text of SB2159 99th General Assembly
SB2159sam002 99TH GENERAL ASSEMBLY | Sen. Bill Cunningham Filed: 3/9/2016
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| 1 | | AMENDMENT TO SENATE BILL 2159
| 2 | | AMENDMENT NO. ______. Amend Senate Bill 2159, AS AMENDED, | 3 | | by replacing everything after the enacting clause with the | 4 | | following:
| 5 | | "Section 5. The University of Illinois Act is amended by | 6 | | adding Sections 90 and 95 as follows: | 7 | | (110 ILCS 305/90 new) | 8 | | Sec. 90. Employment contract limitations. This Section
| 9 | | applies to the employment contracts of the president or all | 10 | | chancellors of the University entered into, amended,
renewed, | 11 | | or extended after the effective date of this
amendatory Act of | 12 | | the 99th General Assembly. This Section does
not apply to | 13 | | collective bargaining agreements. With respect to
employment | 14 | | contracts entered into with the president or all chancellors of | 15 | | the
University: | 16 | | (1) Severance under the contract may not exceed one |
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| 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 of Trustees. | 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
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| 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 305/95 new) | 8 | | Sec. 95. Executive accountability. The Board of Trustees
| 9 | | must complete an annual performance review of the president and
| 10 | | any chancellors of the University. Such annual performance
| 11 | | review 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 10. The Southern Illinois University Management | 15 | | Act is amended by adding Sections 75 and 80 as follows: | 16 | | (110 ILCS 520/75 new) | 17 | | Sec. 75. 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 |
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| 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 |
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| 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 520/80 new) | 10 | | Sec. 80. Executive accountability. The Board must complete | 11 | | 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 15. The Chicago State University Law is amended by | 17 | | adding Sections 5-185 and 5-190 as follows: | 18 | | (110 ILCS 660/5-185 new) | 19 | | Sec. 5-185. 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 |
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| 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 |
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| 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 660/5-190 new) | 12 | | Sec. 5-190. 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 20. The Eastern Illinois University Law is amended | 19 | | by adding Sections 10-185 and 10-190 as follows: | 20 | | (110 ILCS 665/10-185 new) | 21 | | Sec. 10-185. 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 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 |
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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 | | (110 ILCS 665/10-190 new) | 14 | | Sec. 10-190. 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 25. The Governors State University Law is amended | 21 | | by adding Sections 15-185 and 15-190 as follows: | 22 | | (110 ILCS 670/15-185 new) | 23 | | Sec. 15-185. Employment contract limitations. This Section
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| 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 |
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| 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 670/15-190 new) | 16 | | Sec. 15-190. 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 30. The Illinois State University Law is amended by | 23 | | adding Sections 20-190 and 20-195 as follows: |
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| 1 | | (110 ILCS 675/20-190 new) | 2 | | Sec. 20-190. Employment contract limitations. This Section
| 3 | | applies to the employment contracts of the president or all | 4 | | chancellors of the University entered into, amended,
renewed, | 5 | | or extended after the effective date of this
amendatory Act of | 6 | | the 99th General Assembly. This Section does
not apply to | 7 | | collective bargaining agreements. With respect to
employment | 8 | | contracts entered into with the president or all chancellors of | 9 | | the
University: | 10 | | (1) Severance under the contract may not exceed one | 11 | | year salary and applicable benefits. | 12 | | (2) A contract with a determinate start and end date | 13 | | may not exceed 4 years. | 14 | | (3) The contract may not include any automatic rollover | 15 | | clauses. | 16 | | (4) Severance payments or contract buyouts may be | 17 | | placed in an escrow account if there are pending criminal | 18 | | charges against the president or all chancellors of the | 19 | | University
related to their employment. | 20 | | (5) Final action on the formation, renewal, extension,
| 21 | | or termination of the employment contracts of the president | 22 | | or all chancellors of the University must be made
during an | 23 | | open meeting of the Board. | 24 | | (6) Public notice, compliant with the provisions of the | 25 | | Open Meetings Act, must be given prior to final
action on | 26 | | the formation, renewal, extension, or
termination of the |
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| 1 | | employment contracts of the president or all chancellors of | 2 | | the University and must include a copy of the Board item or | 3 | | other documentation providing, at a minimum, a description | 4 | | of the proposed principal financial components of the | 5 | | president's or all chancellors' appointments. | 6 | | (7) Any performance-based bonus or incentive-based | 7 | | compensation to the president or all chancellors of the | 8 | | University must be
approved by the Board in an open | 9 | | meeting. The
performance upon which the bonus is based
must | 10 | | be made available to the public no less than 48 hours
| 11 | | before Board approval of the performance-based bonus or | 12 | | incentive-based compensation. | 13 | | (8) Board minutes, board packets, and annual
| 14 | | performance reviews concerning the president or all | 15 | | chancellors of the University must be made
available to the | 16 | | public on the University's Internet
website. | 17 | | (110 ILCS 675/20-195 new) | 18 | | Sec. 20-195. Executive accountability. The Board must | 19 | | complete an annual performance review of the president and
any | 20 | | chancellors of the University. Such annual performance
review | 21 | | must be considered when the Board contemplates a bonus, | 22 | | incentive-based compensation,
raise, or severance agreement | 23 | | for the president or all chancellors of the University. | 24 | | Section 35. The Northeastern Illinois University Law is |
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| 1 | | amended by adding Sections 25-185 and 25-190 as follows: | 2 | | (110 ILCS 680/25-185 new) | 3 | | Sec. 25-185. Employment contract limitations. This Section
| 4 | | applies to the employment contracts of the president or all | 5 | | chancellors of the University entered into, amended,
renewed, | 6 | | or extended after the effective date of this
amendatory Act of | 7 | | the 99th General Assembly. This Section does
not apply to | 8 | | collective bargaining agreements. With respect to
employment | 9 | | contracts entered into with the president or all chancellors of | 10 | | the
University: | 11 | | (1) Severance under the contract may not exceed one | 12 | | year salary and applicable benefits. | 13 | | (2) A contract with a determinate start and end date | 14 | | may not exceed 4 years. | 15 | | (3) The contract may not include any automatic rollover | 16 | | clauses. | 17 | | (4) Severance payments or contract buyouts may be | 18 | | placed in an escrow account if there are pending criminal | 19 | | charges against the president or all chancellors of the | 20 | | University
related to their employment. | 21 | | (5) Final action on the formation, renewal, extension,
| 22 | | or termination of the employment contracts of the president | 23 | | or all chancellors of the University must be made
during an | 24 | | open meeting of the Board. | 25 | | (6) Public notice, compliant with the provisions of the |
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| 1 | | Open Meetings Act, must be given prior to final
action on | 2 | | the formation, renewal, extension, or
termination of the | 3 | | employment contracts of the president or all chancellors of | 4 | | the University and must include a copy of the Board item or | 5 | | other documentation providing, at a minimum, a description | 6 | | of the proposed principal financial components of the | 7 | | president's or all chancellors' appointments. | 8 | | (7) Any performance-based bonus or incentive-based | 9 | | compensation to the president or all chancellors of the | 10 | | University must be
approved by the Board in an open | 11 | | meeting. The
performance upon which the bonus is based
must | 12 | | be made available to the public no less than 48 hours
| 13 | | before Board approval of the performance-based bonus or | 14 | | incentive-based compensation. | 15 | | (8) Board minutes, board packets, and annual
| 16 | | performance reviews concerning the president or all | 17 | | chancellors of the University must be made
available to the | 18 | | public on the University's Internet
website. | 19 | | (110 ILCS 680/25-190 new) | 20 | | Sec. 25-190. Executive accountability. The Board must | 21 | | complete an annual performance review of the president and
any | 22 | | chancellors of the University. Such annual performance
review | 23 | | must be considered when the Board contemplates a bonus, | 24 | | incentive-based compensation,
raise, or severance agreement | 25 | | for the president or all chancellors of the University. |
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| 1 | | Section 40. The Northern Illinois University Law is amended | 2 | | by adding Sections 30-195 and 30-200 as follows: | 3 | | (110 ILCS 685/30-195 new) | 4 | | Sec. 30-195. 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 be | 19 | | placed in an escrow account if there are pending criminal | 20 | | charges against the president or all chancellors of the | 21 | | University
related to 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 |
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| 1 | | open meeting of the Board. | 2 | | (6) Public notice, compliant with the provisions of the | 3 | | Open Meetings Act, must be given prior to final
action on | 4 | | the formation, renewal, extension, or
termination of the | 5 | | employment contracts of the president or all chancellors of | 6 | | the University and must include a copy of the Board item or | 7 | | other documentation providing, at a minimum, a description | 8 | | of the proposed principal financial components of the | 9 | | president's or all chancellors' appointments. | 10 | | (7) Any performance-based bonus or incentive-based | 11 | | compensation to the president or all chancellors of the | 12 | | University must be
approved by the Board in an open | 13 | | meeting. The
performance upon which the bonus is based
must | 14 | | be made available to the public no less than 48 hours
| 15 | | before Board approval of the performance-based bonus or | 16 | | incentive-based compensation. | 17 | | (8) Board minutes, board packets, and annual
| 18 | | performance reviews concerning the president or all | 19 | | chancellors of the University must be made
available to the | 20 | | public on the University's Internet
website. | 21 | | (110 ILCS 685/30-200 new) | 22 | | Sec. 30-200. Executive accountability. The Board must | 23 | | complete an annual performance review of the president and
any | 24 | | chancellors of the University. Such annual performance
review | 25 | | must be considered when the Board contemplates a bonus, |
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| 1 | | incentive-based compensation,
raise, or severance agreement | 2 | | for the president or all chancellors of the University. | 3 | | Section 45. The Western Illinois University Law is amended | 4 | | by adding Sections 35-190 and 35-195 as follows: | 5 | | (110 ILCS 690/35-190 new) | 6 | | Sec. 35-190. Employment contract limitations. This Section
| 7 | | applies to the employment contracts of the president or all | 8 | | chancellors of the University entered into, amended,
renewed, | 9 | | or extended after the effective date of this
amendatory Act of | 10 | | the 99th General Assembly. This Section does
not apply to | 11 | | collective bargaining agreements. With respect to
employment | 12 | | contracts entered into with the president or all chancellors of | 13 | | the
University: | 14 | | (1) Severance under the contract may not exceed one | 15 | | year salary and applicable benefits. | 16 | | (2) A contract with a determinate start and end date | 17 | | may not exceed 4 years. | 18 | | (3) The contract may not include any automatic rollover | 19 | | clauses. | 20 | | (4) Severance payments or contract buyouts may be | 21 | | placed in an escrow account if there are pending criminal | 22 | | charges against the president or all chancellors of the | 23 | | University
related to their employment. | 24 | | (5) Final action on the formation, renewal, extension,
|
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| 1 | | or termination of the employment contracts of the president | 2 | | or all chancellors of the University must be made
during an | 3 | | open meeting of the Board. | 4 | | (6) Public notice, compliant with the provisions of the | 5 | | Open Meetings Act, must be given prior to final
action on | 6 | | the formation, renewal, extension, or
termination of the | 7 | | employment contracts of the president or all chancellors of | 8 | | the University and must include a copy of the Board item or | 9 | | other documentation providing, at a minimum, a description | 10 | | of the proposed principal financial components of the | 11 | | president's or all chancellors' appointments. | 12 | | (7) Any performance-based bonus or incentive-based | 13 | | compensation to the president or all chancellors of the | 14 | | University must be
approved by the Board in an open | 15 | | meeting. The
performance upon which the bonus is based
must | 16 | | be made available to the public no less than 48 hours
| 17 | | before Board approval of the performance-based bonus or | 18 | | incentive-based compensation. | 19 | | (8) Board minutes, board packets, and annual
| 20 | | performance reviews concerning the president or all | 21 | | chancellors of the University must be made
available to the | 22 | | public on the University's Internet
website. | 23 | | (110 ILCS 690/35-195 new) | 24 | | Sec. 35-195. Executive accountability. The Board must | 25 | | complete an annual performance review of the president and
any |
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| 1 | | chancellors of the University. Such annual performance
review | 2 | | must be considered when the Board contemplates a bonus, | 3 | | incentive-based compensation,
raise, or severance agreement | 4 | | for the president or all chancellors of the University. | 5 | | Section 50. The Public Community College Act is amended by | 6 | | adding Sections 3-70 and 3-75 as follows: | 7 | | (110 ILCS 805/3-70 new) | 8 | | Sec. 3-70. Employment contract transparency. This Section
| 9 | | applies to the employment contracts of the president or all | 10 | | chancellors of the community college entered into, amended,
| 11 | | renewed, or extended after the effective date of this
| 12 | | amendatory Act of the 99th General Assembly. This Section does
| 13 | | not apply to collective bargaining agreements. With respect to
| 14 | | employment contracts entered into with the president or all | 15 | | chancellors of the
community college: | 16 | | (1) Severance payments or contract buyouts may be | 17 | | placed in an escrow account if there are pending criminal | 18 | | charges against the president or all chancellors of the | 19 | | community college related to their employment. | 20 | | (2) Final action on the formation, renewal, extension, | 21 | | or termination of the employment contracts of the president | 22 | | or all chancellors of the community college must be made
| 23 | | during an open meeting of the board. | 24 | | (3) Public notice, compliant with the Open Meetings |
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| 1 | | Act, must be given prior to final
action on the formation, | 2 | | renewal, extension, or
termination of the employment | 3 | | contracts of the president or all chancellors of the | 4 | | community college and must include a copy of the board item | 5 | | or other documentation providing, at a minimum, a | 6 | | description of the proposed principal financial components | 7 | | of the president's or any chancellor's appointment. | 8 | | (4) Any performance-based bonus or incentive-based | 9 | | compensation to the president or all chancellors of the | 10 | | community college must be approved by the board in an open | 11 | | meeting. The performance criteria and goals upon which the | 12 | | bonus or incentive-based compensation is based must be made | 13 | | available to the public no less than 48 hours before board | 14 | | approval of the performance-based bonus or incentive-based | 15 | | compensation. | 16 | | (5) Board minutes, board packets, and annual
| 17 | | performance criteria and goals concerning the president or | 18 | | any chancellors must be made
available to the public on the | 19 | | community college district's
Internet website. | 20 | | (110 ILCS 805/3-75 new) | 21 | | Sec. 3-75. Executive accountability. Each board must | 22 | | complete
an annual performance review of the president and all
| 23 | | chancellors of the community college. Such annual performance
| 24 | | reviews must be considered when the board contemplates a bonus,
| 25 | | raise, or severance agreement for the president or |
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| 1 | | chancellor. ".
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