Last week, The Keene Sentinel published an article reporting the severance pay for former Keene State College President Anne Huot. Huot received $327,225 after she resigned from her position, according to the article.
The money was distributed to Huot on July 15 and Aug. 15.
Huot was employed at KSC for four years as the president, with June 30, 2013, being her official start date, according to the employee agreement between The University System of New Hampshire (USNH) and Huot.
Her resignation was effective July 31, 2017, according to the USNH press release. On July 19, Dr. Melinda Treadwell was named the Interim President for the college, effective July 31, according to another USNH press release.
“President Huot will spend the coming academic year on an unpaid leave of absence preparing to return to her faculty position as a full professor in the Biology Department,” the release read.
The employee agreement outlines what Huot was to receive had she ever decided to resign.
“In the event that the President resigns her position as President, then the University System shall pay the President: (i) the Base Salary through the date of separation of employment, (ii) any vested benefits under the then-current employee benefit plans of the University System through the date of separation of employment as President, and (iii) any other benefits and compensation, if any, as required by law. In no event shall the President be entitled to the Severance Payment after notice of her resignation is given,” section 8b reads.
In 2014, Huot made $245,000, and in 2015, that number increased by more than 10 percent to $271,000, according to the USNH Salary Book. As of 2016, Huot received a base salary of $278,000.
The $327,225 was taken out of the college’s fiscal year 2017 (FY17) budget.
Alexandria Saurman can be contacted at email@example.com