[Eclipse]

Originally posted by CrimsonTide4

According to the terms of the five-year employment agreement, Herbert's compensation package includes a base annual salary of $335,000, which includes $280,000 from university funds and $55,000 from IU Foundation funds; annual deferred compensation of $70,000; use of the Bryan House residence on the Bloomington campus and Lilly House in Indianapolis; provision of a car each for him and his wife; and standard employee benefits. In addition, IU trustees are discussing with Herbert arrangements as to how he would continue to assist the university upon his retirement.

As the spouse of the president, Karen Herbert also will work in an official capacity for the university. She will be paid an annual salary of $60,000 and will carry out such responsibilities as representing IU as a speaker or participant in higher education organizations, overseeing the staff, operations and expenditures associated with the presidential residences, and hosting university and other functions.

What a nice comp package! I ain't mad at 'em!!