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USM Chancellor Caret’s bonus out of revised contract (access required)

Regents add to his deferred compensation package instead

University System of Maryland Chancellor Robert L. Caret's revised contract no longer contains a performance bonus provision following action from the USM Board of Regents Friday. Under the new compensation agreement, according to a statement from USM, the system will make contributions on Caret's behalf to a deferred compensation plan of $150,000 in January 2017 and $250,000 the following ...