VALPARAISO, Ind. (AP) — Former Indiana lieutenant governor Sue Ellspermann will earn $300,000 as president of Ivy Tech Community College.

The Indianapolis Star reports that the board of trustees approved a three-year contract for Ellspermann on Thursday. She officially starts her new position Friday after trustees appointed her in May. Ellspermann stepped down as lieutenant governor in March as GOP Indiana Gov. Mike Pence started a re-election campaign.

The contract lets her be considered for a yearly $60,000 bonus if she meets performance goals that a state board outlines. Ellspermann will receive the same salary as her predecessor.

Ellspermann spent the month of June visiting the school’s campuses across Indiana. She says she made the tour to learn more about faculty members’ challenges and concerns.