M E M O R A N D U M

				
			June 15, 2011

To:		Members of the Board of Trustees

From:		Carl T. Hayden, Chairman

Subject:	Salary Plan Review


Action Requested

	The proposed resolution appoints an ad hoc committee of the Board to consider the regular periodic review and updates to the Salary Plan.

Resolution

	I recommend that the Board of Trustees adopt the following resolution:

	Resolved that an ad hoc committee of the Board be, and hereby is, appointed, consisting of Trustees Murad (Chair), Warren-Merrick, Hunt and Ehrenberg, to consider and recommend to the Executive Committee, and then to the full Board, updates to the Salary Plan over the coming months.