BOT considering raise for Todd

The Board of Trustees will consider a proposed raise for outgoing UK President Lee Todd Tuesday.

The board’s executive committee recommended an increase of $157,046 to Todd’s base salary Thursday. Todd, who announced Wednesday his intention to retire on June 30, 2011, currently receives a base salary of $304,000. Todd also receives $50,000 for serving on research and academic boards, so the raise would bring his salary to $511,046, said UK spokeswoman Kathy Johnson.

The raise would apply to the current fiscal year and the fiscal year that ended June 30.

The committee also proposed giving Todd an annual bonus of up to $50,000 based on performance, Johnson said.

The proposal to boost Todd’s salary came after the committee reviewed his evaluation. He received a 96 percent positive rating.

According to his contract, Todd would have been eligible to receive a $200,000 performance bonus. In previous years, Todd rejected bonuses because of UK’s budget woes.

The board will meet Tuesday at 1 p.m. in the board room, located on the 18th floor of the Patterson Office Tower.