SHORELINE – In a separation agreement reached between Shoreline Community College outgoing president Holly Moore, whose resignation was effective Sept. 1, and the college’s Board of Trustees, Moore will be paid $310,000 by the college.
Both parties agreed to waive any potential claims against each other, the settlement agreement said, although no claims had been filed or discussed, said Elsa Welch, chair of the Board of Trustees.
Moore was scheduled to receive $155,000 on or about Sept. 1 and the remaining $155,000 on Jan. 1, 2006. This money will not come from the college’s operating budget, Board of Trustees Chair Elsa Welch said. There are a number of other ways it can be paid that will not affect the operating budget or result in budget cuts.
Moore’s $160,000 annual salary as president was per a contract dated May 7, 2004, which had two years remaining on it.
In the agreement, Moore agreed to not sue the college or its current or former trustees, officers, employees or agents. She also agreed not to request a faculty appointment for fall 2005 and is not cashing out accumulated sick and vacation leave.
It is typical for community college presidents who resign mid-contract to reach a separation agreement with the college’s board of trustees, said Suzy Ames, spokesperson for the State Board for Community and Technical Colleges.
“When that employment is cut short, there typically is some sort of compensation,” Ames said.
There is not a standard compensation amount, she said, as that is up to each individual circumstance.
Vice President for Human Resources Lee Lambert will serve as acting president, pending the appointment of an interim president.
Welch recognized a search for a permanent president will be a lot of work. She said it will be good for the college and will give it an opportunity to do things differently and grow from previous experiences.