20 U.S.C. § 4512 : US Code - Section 4512: President and Executive Secretary of Foundation

Search 20 U.S.C. § 4512 : US Code - Section 4512: President and Executive Secretary of Foundation

(a)(1) The Board may appoint a President of the Foundation to
serve full-time or part-time and for such a term as the Board shall
determine.
(2) The President shall carry out such of the functions and
duties of the Foundation as the Board may determine, subject to the
supervision and direction of the Board.
(3) The President shall be compensated at a rate to be determined
by the Board without regard to subchapter III of chapter 53 of
title 5, not to exceed the rate for level III of the Executive
Schedule under section 5314 of that title.
(4) Sections 5532,(!1) 8344, and 8468 of title 5 shall not apply
to a person while such person is serving as President of the
Foundation.
(b)(1) There shall be an Executive Secretary of the Foundation
who shall be appointed by the Board.
(2) The Executive Secretary shall be the chief operating officer
of the Foundation and shall carry out the functions of the
Foundation subject to the supervision and direction of the Board or
the President, as determined by the Board.
(3) The Executive Secretary shall be compensated at the rate
specified for employees placed in grade GS-18 of the General
Schedule set forth in section 5332 of title 5.