University of North Florida
Board of Trustees

  • Special Meeting
June 25, 2013
President's Conference Room at 3:00 p.m.


Members Present 

Carlo Fassi, Fred Franklin, Hugh Greene, Joy Korman, Rad Lovett, Oscar Munoz, Lynn Pappas, Myron Pincomb, Gordon Rakita, Lanny Russell, Bruce Taylor

Members Absent  

Joannie Newton, Sharon Wamble-King

Item 1 Call to Order 

Chair Taylor addressed those in attendance and call the special meeting to order at 3:02 p.m.

Item 2 Open Comments  

hair Taylor asked those in attendance for comments on items on the agenda. There were no comments from the public.

Item 3 Discussion on the Presidential Contract 

Chair Taylor stated that the purpose of this meeting was to conclude the Board’s discussion with its compensation consultant, Mr. McConnell, on a proposed five-year extension on President Delaney’s contract and to approve the specific financial terms.


Chair Taylor referenced the two documents which have been provided to the Board which explained the key elements for a proposed contract extension. Key elements include:

  • Contract extension through June 30, 2018 (or such earlier date as may be necessary by virtue of the DROP program).
  • No change in base pay.
  • No change in deferred compensation.
  • No change in housing allowance.
  • No change in COLA and CPI adjustments.
  • No change in the amount of annual incentive pay.
  • Annual incentive pay will be split with approximately 20 percent ($25,000) allocated for annual performance pay and the remainder allocated for annual retention pay.
  • A revenue-neutral shift of funds from post-presidential pay to create a three-year and five-year retention bonus of $100,000 and $150,000.
  • A revenue-neutral shift in the timing of professional development leave pay so that payment will be made should president Delaney remain president through July 2015.
  • Conforming the termination without cause provision to comply with FS 415.425, as applicable.


Board members were supportive of the proposal, noting that the proposed structure met the Board’s goal to incentive President Delaney to stay and, further, met the President’s goal of no increase in pay. Chair Taylor further clarified that, as was current practice, the President’s performance would be discussed and evaluated annually by the Board, as currently stated in the contract. Mr. McConnell concurred that the restructure of the contract served the purpose of creating incentives for the President to stay.  Mr. McConnell further indicated that the total compensation package is reasonable compared to President Delaney’s peers.


All Board members agreed that the proposed contract extension, as outlined in Mr. McConnell’s provided documentation, did achieve the Board’s intentions. With the discussion concluded, the Board asked for a MOTION to approve a contract extension for President Delaney under the terms proposed by Chair Taylor and, further, to authorize Chair Taylor to work with legal counsel to draft a contract extension consistent with the recommendations approved by the Board. Such an agreement would be executed by the Board chair as soon as possible. The MOTION was offered by Trustee Korman and seconded by Trustee Lovett. The MOTION was carried as presented.

Item 4 Adjournment 

Chair Taylor offered appreciation to Mr. Paul McConnell for his work on the contract extension. He also thanked trustees for their efforts. Chair Taylor adjourned the meeting at 3:34 p.m.