Jo Bonner’s contract details with South Alabama: salary of $ 525,000, car allowance and more | Mobile County Alabama News
MOBILE, Alabama (WALA) – Joe Bonner will be well paid when he officially takes over as president of the University of Southern Alabama on January 1.
The university appointed Bonner last month to replace Tony Waldrop, who retired earlier in the year.
According to a contract signed several days ago, Bonner will receive a base salary of $ 525,000. That’s 3½ times his congressional salary when he left the US House of Representatives almost a decade ago. Yet, they are far less the highest paid college presidents in the country, whose total pay is north of $ 1 million per year.
Bonner, who has stepped down as chief of staff to Alabama Governor Kay Ivey, will also receive a “relocation allowance” of $ 10,000 to relocate to Mobile. He will be eligible for salary increases at the distraction of the board of trustees and may also be eligible for additional raises in any fiscal year in which other university employees obtain raises.
Bonner’s contract includes a number of other incentives, including:
FREE TIME: Bonner will have four weeks vacation and 12 sick days a year.
TRANSPORT: Bonner will receive an annual car allowance of $ 18,000 in monthly installments starting February 1. In addition to this, it will be reimbursed for work-related travel over 30 miles.
The university will also cover other “reasonable” travel and related expenses. This includes business class or first class airline tickets if the journey time exceeds one and a half hours. The university will also reimburse Bonner’s wife for travel expenses related to “promoting the university”.
LODGING: Bonner will be able to live rent-free in the official presidential residence on Oakland Avenue. In fact, he is obliged to live there. The school will pay for utilities, taxes and insurance. And he will also set up a home office similar to his university office, with compatible equipment.
OTHER BENEFITS: The university has also agreed to pay membership fees to professional organizations and clubs approved by the compensation committee of the board of directors.
In addition to these benefits, the contract sets out rules for both parties to go their separate ways. If the university terminates Bonner for cause, all payments cease immediately, except for a lump sum for amounts accrued up to that time.
The school can also fire Bonner without cause, but must give him six months written notice. Bonner would not be required to perform any duties during those 180 days. He would also receive severance pay of 12 months of base salary or the base salary remaining on the agreement.
If Bonner decided to leave voluntarily, he would be required to give six months’ notice and would not be entitled to severance pay.
All content © 2002-2021 Gray Television, Inc., WALA; Mobile, Alabama. (A station of Gray Media Group, Inc.). All rights reserved.