20-270 20-270 . . . Executive Incentive Plan under which corporation can award restricted stock and units. Restricted stock consists of common stock of corporation which contains restrictions on transfer and forfeiture in event of termination of employment prior to expiration of time period specified in grant. units are equivalent of corporation's book value per share and are issued and credited on corporation's books to employees on condition that said units must be resold to corporation. Corporation must purchase units at end of 5 year incentive period or upon termination of employment (whichever comes first) for amount equivalent to book value at that time plus dividends declared during incentive period and less book value on date of grant
Michigan Executive Incentive Plan
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Multi-State
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US-CC-20-270
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Word;
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FAQ
When his term starts on Oct. 13, new University of Michigan President Santa Ono will make $975,000 in base salary, ing to his contract. Including benefits, Ono's five-year contract could see total compensation in excess of $6 million.
$141K. The estimated total pay for a Chief of Staff at University of Michigan is $140,532 per year. This number represents the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. The estimated base pay is $140,532 per year.
Marschall Runge is UM's highest-paid employee for 2022 at $1.57 million.
A typical executive compensation package has financial and non-financial components. They are salary, benefits, bonuses and equity. Commonly, an executive would get more amount of equity than a normal worker and a normal worker quite often wouldn't get any equity in a private company.
Finding workers might get a little better now that the Michigan legislature has approved a new letter of understanding (LOU) covering highly skilled workers, granting them a 27% raise by end of 2025 ? 20% from the skilled worker pay scale increase and 7% from an across-the-board increase secured in the regular contract ...
The Commission approved a 2 percent base pay increase of your salaries effective October 1, 2023. The Commission also applied many changes to employee and retiree insurance rates. Follow the link Here for more informaiton.
Jon Braeutigam - $535,040 Braeutigam has worked as the Chief Investment Officer for the Michigan Department of Treasury since 2008 and is the highest paid state employee.
While the salaries for deans are less than the top leadership positions at UM, four make north of $500,000, the data shows. Sharon Matusik, dean of the Ross School of Business, sees the largest 12-month salary among deans at $640,000, ing to the UM salary data.
