[§206M-55]  Officers and employees of the
innovation corporation.  The executive director and chief executive officer
of the high technology development corporation shall be the president of the
high technology innovation corporation.  The high technology innovation
corporation's board of directors may also appoint other officers and employees
as may be necessary in administering the affairs of the high technology
innovation corporation.  The high technology innovation corporation's board of
directors shall set the employees' duties, responsibilities, salaries,
holidays, vacations, leaves, hours of work, and working conditions and may
grant other benefits as it deems necessary.  New employees of the innovation
corporation shall not be entitled to any benefits conferred under chapter 76,
78, 88, or 89, or any public employee collective bargaining agreement,
executive order, executive directive, or rule; provided that any existing
officer or employee of the State whose functions are transferred by this part shall
not suffer any loss of salary, seniority, prior service credit, vacation, sick
leave, or other employee benefit or privilege as a consequence of this part. [L
2005, c 173, pt of §1]