University of Arizona President Ann Weaver Hart will be taking home a bigger paycheck after receiving $40,000 worth of incentive pay.
The extra money, approved unanimously Thursday by the board that oversees the state’s public universities, fulfills a provision in Hart’s contract that ties part of her compensation to performance goals.
Michael Crow, Arizona State’s president, will receive a similar amount.
John Haegar, of Northern Arizona University, did not have an incentive provision in his contract this year.
Hart earned the extra pay for her efforts in the 2013 school year that ended in June.
She’s receiving $10,000 for assembling a “high-quality and effective leadership team; $15,000 for her strategic planning efforts; and another $15,000 for her work with other university presidents in areas such as finding ways to reduce the state’s health-care costs.
The incentive pay is equal to about 8 percent of Hart’s $475,000 annual base salary. She also gets a $50,000 housing allowance, a $10,000 vehicle allowance and $85,500 a year in pension contributions.
The Arizona Board of Regents also approved a one-year extension to Hart’s initial three-year contract. Her contract now runs until June 2016.