The Board of Regents of the Kentucky Community and Technical College System will consider giving President Jay Box a pay raise of $50,000 a year, along with $200,000 in deferred compensation, at its meeting on Friday.
The board will consider a recommendation by the KCTCS President’s Contract Review Committee that Box receive $100,000 in deferred compensation, “which accrues annually, with a 2-year vesting period.” If the board approves, Box will receive his current salary plus the $200,000 in deferred compensation if he stays in his job for two years, said Mary Hemlepp, a spokeswoman for the system.
Box’s contract ends in 2021.
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