PPM 20-001-6 Compensation of Officers and Trustees (Policy) on www.olc.edu

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                                                              BOT 2/24/82, 06-19-08, 10-20-09


1.   Compensation of Officers. Salaries or other compensation of the officers 
may be fixed from time to time by the Board of Trustees provided that, 
such salaries and compensation shall not be excessive in amount and 
shall be for services which are reasonable and necessary for performance 
of the Corporationís purposes.

2.   Compensation of Trustee. Board members, as such, shall not receive any 
stated salaries for their services, but by resolution of the Board of 
Trustees, a fixed sum not to exceed $250 for each meeting or $3,000 per 
year, and expenses of attendance, if any, may be allowed Trustees other 
than any salaried officer of the corporation for attendance at regular or 
special meetings of the Board. With the exception of the Student 
Senate Representative who can receive compensation from the 
college as a student intern, a Board member shall not serve the 
Corporation in any other capacity other than as a Board member and 
shall not receive any other compensation other than for their 
attendance at Board meetings or other board related activities. 

REFERENCE: OLC By-Laws, Article V

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