I agree. A simple "I've been offered an opportunity and I feel it's in my best interest to take it" is fine. No details. If you are valued, she will offer to negotiate but I doubt it. $.05 raise is an insult. I know, it's happened to me. She's essentially telling you that your time is worth five cents an our more with all your schooling, training and loyalty? Would you leave a nickle tip @ a restaurant? Better to say it just isn't in the budget and show appreciation in other ways? Thank you note, gift card occasionally? Your first responsibility is to yourself. You owe her nothing. Everything ES said comes from alot of knowledge and experience. Good luck! It's nerve racking I know but this too shall pass!