Rules of Business Practice for the 2005–2010 USP Board of Trustees

11. Compensation and Continuity Committee

11.01 Composition

The Compensation and Continuity Committee shall be appointed by the Chairperson and shall be composed of at least three members of the Board.

11.02 Functions

The Compensation and Continuity Committee, working with staff, shall perform the following functions:

1. Review and make recommendations to the Board regarding the overall compensation philosophy and principles of the organization.
2. Review the structure of the staff compensation program, including salary levels, benefits, and the Success Sharing Plan and the extent to which they are achieving desired purposes.
3. Review and make recommendations to the Executive Committee and the Board regarding employee benefit plans and employee benefits, with the Board retaining responsibility for final approval of the insurer or insurers through whose policies the plan benefits are to be funded and the rules and procedures for administration of the plan.
4. Based on input from the EVP–CEO, review and make recommendations to the Board regarding the proposed metrics for organizational performance under the Success Sharing Plan.
5. Review the succession plans for the EVP–CEO and his or her direct reports.