2022 Minnesota Statutes
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Chapter 136F
Section 136F.40
Recent History
- 2013 Subd. 2 Amended 2013 c 99 art 2 s 16
- 2003 Subd. 2 Amended 2003 c 133 art 4 s 1
- 2001 Subd. 2 Amended 2001 c 10 art 2 s 60
- 2000 136F.40 Amended 2000 c 453 s 3
- 1995 136F.40 New 1995 c 212 art 4 s 29
136F.40 APPOINTMENT OF PERSONNEL.
Subdivision 1.Appointment procedure.
The board shall appoint all presidents, teachers, and other necessary employees and shall prescribe their duties consistent with chapter 43A. Salaries and benefits of employees must be determined according to chapters 43A and 179A and other applicable provisions.
Subd. 2.Contracts.
(a) The board may enter into a contract with the chancellor, a vice-chancellor, or a president, containing terms and conditions of employment. The terms of the contract must be authorized under a plan approved under section 43A.18, subdivision 3a.
(b) Notwithstanding section 43A.17, subdivision 11, or other law to the contrary, a contract under this section may provide a liquidated salary amount or other compensation if a contract is terminated by the board prior to its expiration.
(c) Notwithstanding section 356.24 or other law to the contrary, a contract under this section may contain a deferred compensation plan made in conformance with section 457(f) of the Internal Revenue Code.
(d) Notwithstanding any provision of the plan approved under section 43A.18, subdivision 3a, a contract under this section must not authorize or otherwise provide for a discretionary or mandatory bonus or other performance-based incentive payment.
Official Publication of the State of Minnesota
Revisor of Statutes