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Michael G, Ganne', President. Des Mome.' David W. Miles. Pro Tam. Wo.'/ Des MOines Bonnie J, CemppeU, Des MOines Jenny l. Connolly. Cedsr Falls Robert N. DOW71!}T. Iowa CIty Jack B. Evans. Cedar Rapids Ruth R. Harkin, C[lmming Craig A. lang, Brooklyn Rose A. Vasquez. Des Moines
Ga1)'W. Steinke. E~eCJJtlve Diroctor
June 21,2007 Dr. Sally K. Mason 41 Ashcroft Place West LaFayette, IN 47Q06 Re: University of Iowa President Dear Dr. Mason: It is a pleasure to confirm with you the conditions of your employment as President of the University of Iowa. The Board of Regents, State of Iowa, will provide you with an annual salary of $450,000, effective August 1, 2007. Included with tile salary will be the usual benefits available to all University of Iowa faculty and administration. You will also be provided with an IRS section 457(f) deferred compensation plan and trust. The Plan will commence August.1 ,2007. The monthly contribution to the trust will be $5,000 or $60,000 annually. Accrued compensation and earnings wifl vest and be distributed provided you remain continuously employed as President of the UnIversity of Iowa through July 31, 2012. Accrued compensation and earnings will also vest and be distributed if you become disabled or are dismissed by the Board of Regents for other than good cause. If you do not remain in the continuous employment of the Board of Regents through July 31, 2012 for any reason other than death, disability, or dlsrnlssal without cause, all sums held underthe Plan, together will all accrued eamlngs, are forfeited. Additionally, you will be provided $!?O,OOO in annual supplemental compensation contingent upon you achieving performance goals as identified by the Board of Regents. This supplemental compensation is guaranteed only for the first year of your employment. Also, the Board will provide the additionalbenetlts unique to the President of the University, including special allowances for the Office of the President. and h~:)Uslng you and your family for at 102 Church Street. It;s a condition of your employment as President and for the benefit and convenience of the University In having the functions of your office most efflciemtly discharged, that you reside at 102 Church Street. As is customary, the building wifl be available and will be used for University-related business and entertainment on a regular and continuing basis, with private living quarters provided to you and your family within a portion of the structure. Although unlikely, if It should happen that the IRS or the State of Iowa were to deem the use of this structure a taxable benefit to you,the University will reimburse you for the taxes you pay on this ·account. Because you will be required to travel frequently on University business, an automobile will be provided for your use. The University will also cover your personal moving expenses to 102 Church Street.
11260 Aurora Avenue' Urbandale. Iowa 50322-7905' Phone 515-281-3934 • Fax 515-261·6420
Page. Two Letter to: Dr. Sally K Mason June 21, 2007
With your appointment as President, you will be eligible for tenure as a Professor in the Department of Biology. Thereafter, at all times, your faculty tenure and status wili be subjecrto . the same Un·iversity rules and protection as available to other tenured faculty at the University. In the position of President, you serve at the pleasure of the Board of Regents, State of Iowa, and your performance will be formally evaluated on a yearly basis. Initially, the basis for your evaluation will be: 1. Achieve progress in commitment to and implementation of the current University mission and vision and each of the major objectives contained in the University of Iowa Strategic Plan. It is within your prerogative. however. consistent with the Board's plan and planning schedule, for you to present proposed adjustments/changes in the University's Strategic Plan and your personal goats, in the cOming year. 2. Demonstrate a cooperative attitude and meaningful coordination with the other Regent institutions, the Board of Regents, the Board Presldent, and the Board Office in implementing the Plan and in the overalJadministration of the University of Iowa.
3. Demonstrate genuine commitment and responsiveness to the Board of Regents
Strategic Plan. Board initiatives, Board governance authority, Board policies, and Board dlrectlves. 4. Demonstrate a commitment to asststlnq the State of Iowa in economic and workforce development.· . ..
When your service as President ends, you may continue your appointment as a tenured Professor, at your option, with the usual fringe benefits accorded to faculty and with a salary equal to 60% of your presidential salary at the time of transition. You will be provided with a suitable office and secretarial support, and you will be. giVen one year free cf teachlnq and service obligations, in order to reinvigorate your teaching and research program. The Board is very pleased that you accepted this position, and we look. forWard to your assuming the President's position. If you have any questions, please feel free to contact me. Sincereiy,
Michael G. Gartner
Gary Steinke, Executive Director Regents
AUG 08 2007
·OFFfCEOF THE PRESIDENT
August 3. 2007
Ms. Sally Mason President The University of Iowa Jessup Hall Iowa City, Iowa 52242-1316
Dear Sally, This is to clarify any misunderstandings that might exist about your employment as president of the University ofIowa: as outlined to you in the letter of June 2 L 2007. The initial employment contract is for a five-year period, beginning Aug. 1,2007. If you are removed from office without cause-at-aay.time during the five years, you will be paid in full your base salary at the time of the dismissal for all remaining months of the five-year period.
this clarifies the issue.
Again, I want to tel! you how pleased I am that you are now in Iowa City.
Michael Gartner President Board of Regents, State of Iowa
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BOARD OF REGENTS STATE OF IOWA
AGENDA ITEM 1b
Executive Session r. MOVED by CAMPBELL, SECONDED by DOWNER, to enter into closed ·session pursuant to Iowa Code section 21.5(1 )(i) upon request of President Mason, whose performance is being considered. Regent Aye
MOTION APPROVED by ROLL CALL. The Board convened in closed session at 8:50 a.rn. The Board reconvened in open session at 11:03 a.m. President Miles reported that all Regents were in attendance. :,. MOVED by GARTNER, SECONDED by LANG, to retain President Masori's current base salary compensation for the coming year, and increase her incentive pay from $50,000 per year to $80,000 per year if she meets the goals laid out by President Miles. Statement from President Miles: "Before we act on the motion, J'd just iike to make a couple of comments regarding President Mason's comoensetion, and I'd particularly like to address these comments to the many towens who care deeply about our public universities and our special schools. . President Mason has my full trust and confidence, and that of this Board as well. She accepted our invitation to become the 2dh President of The University of Iowa at a particularly chatfenging time in the University's history. Nevertheless, in her first year on the job, the University's fall enrollment reached record levels, more than $386 million in research grants and contracts - once again a record - were awarded to the University, and thanks to the generosity of so many Iowans and others, a record $162 mifljon in private contributions was secured. . She has embraced Iowa and Iowans, participating in more than 200 speaking and fistening meetings across the State - including visits to Sioux City, Dubuque, the Quad Cities, West Uberty, and Burlington, as well as outreach events across the United States. She has been equally active on campus, making a half-day visit to each of the University's eleven academic colleges, meeiinq regularly with on-campus 'Ieadership groups, and recruited five outstanding indiViduals, including most recently our new Provost, Waf/ace Loh, to her senior leadership group. Demonstrating her commitment to providing education for all Iowans, whatever their financial circumstances, she created the Iowa Promise Scholarship, which offers continued financial support throughout their academic cereer to recIpients of the one year All Iowa Opportunity Scholars program. Perhaps more than anywhere else, her leadership during and following the unprecedented flooding of the University this summer, has been extraordinary. Under her leadership, our preparations fOI the flood Wereaggressive. And she did not simply organize those preparations, she .worked on the front lines, he/ping to fiJJ and place sandbags to protect our buildings. She worked effectively with Iowa City community, state and federal officials, FEMA, and others to bring a remarkable level of organization and 'control to the very 'chaotic and uncertain circumstances assocIated with a major disaster. She, her executive team, and the entire University of Iowa community are to be congratulated for making a high-quality educational experience for all of our students their first priority. The University re-opened for Summer classes within ten days foJlowing the flood, and .began the Fall semester with a full complement of courses for oUr students.
Milisapl Robert D
From: Sent: To: Subject: Buckley, Susan C Thursday, September Millsap, Robert D FW: Accruals 15, 20118:08 AM
Please place this note in Mason's file Susan C. Buckley Vice President for Human Resources 121 University Services Building The University of Iowa Iowa City, IA 52242-1911 From: Saunders, Richard G
Sent: Thursday, September 15, 2011 7:12 AM To: Martin, Selina J Subject: RE: Accruals
Cc: Buckley, Susan C; Millsap, Robert D
Her deferred com'p~plan was from 7/1/07 7/1/10 changed to $125,004 annually. 7/1/11 changed to $150,004. A new contract
was $60,000 annually.
for 7/1/12 to 6/30/16 with a contribution of $150,000.
Richard G. Saunders The University of Iowa Assistant Vice President of Human Resources 120 University Services Building IOWA CITY, IA 52242-1911 319-335-2673 319-335-2776 (FAX) 877-830-4001 (TOLL FREE)
From: Martin, Selina J
Sent: Wednesday, September 14,20111:38
To: Saunders, Richard G Cc: Buckley, Susan Ci Millsap, Robert D Subject: RE: Accruals
Thanks Bob. Richard -I left you a voicemail (but got cut off). Please call me when you get a chance. Thank you.
From: Millsap, Robert D
Sent: Monday, September 12, 2011 4:06 PM To: Martini Selina J
Cc: Saunders, Richard G; Buckley/ Susan C Subject: RE: Accruals Selina: The last performance incentive of $50)000 was
paid on August 1) 2008. No other payments are in the system.
You should speak with Richard Saunders.
Deferred Comp contract is having to be re-written.
Robert D. Millsap, SPHR,CEBS University of Iowa Director, HUman Resources Services 121 University Services Building Iowa City,Iowa 52242 319-335-2854 319-353-2384 F!=l~ __
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From: Martin, Selina J Sent: Monday, September 12, 2011 2:17 PM To: Millsap, Robert D Subject: Accruals
Bob - Last December} President Mason declined the performance incentive part of her compensation for the
fiscal year (FYll). We need to know if we should continue to accrue for this in FY12. If so, please confirm that
her performance incentive and deferred comp are as follows:
President Sally Mason
Performance Incentive - $80,000 annually
Deferred Compensation- $125,000 annually
Also, is the deferred compensation payable at 8/1/20127 What is the total amount that will be paid for deferred camp on 8/1/20127
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