Details of the University of New Brunswick’s employment agreement with president Eddy Campbell, including his $376,471 annual salary, have been released.
In the 2009 and 2014 contracts for Campbell posted on the university’s website, it states that Campbell’s salary will be adjusted annually, by the amount of the Economic Adjustment approved by the Executive Compensation Committee of the Board of Governors for members of the Executive Compensation Group.
“In addition and subject to satisfactory performance, the salary also will be adjusted by two per cent annually with effect from each subsequent July 1st,” reads the report.
Campbell began his second five-year term as UNB president in July. The report details that he holds the rank of professor with tenure and is given a $12,000 research grant annually for “ongoing research and scholarship.”
He is also entitled to access university funding to “support the engagement of a post-doctoral fellow, research associate or research scientist.”
The university also provides Campbell with a “suitable car for his use” and “use of the university’s official residence.”
Campbell is entitled to an expense account to cover “reasonable travelling, entertainment and other expenses incurred by him in his connection with his duties as president.”
Reasonable expenses include business class travel “where the candidate is travelling distances greater than 1,500 kilometres or where business travel has been specifically approved by the Chair of the Board of Governors.”
The university also pays the “reasonable travelling expenses of the candidate’s spouse where his spouse accompanies him to a function related to his duties as president, subject to approval by the Chair of the Board.”
The university will also pay “reasonable moving costs” for Campbell to relocate from the official residence to another location elsewhere in Canada after completion of his full term of appointment, including any term of reappointment, “in accordance with the university policy in place at that time.”
Campbell is entitled to six weeks of vacation with pay per year and he qualifies for paid administrative leave once he completes his term as president.
More to come.