The pair have agreed deals that will keep them at the Tulloch Caledonian Stadium until the end of the 2014 season and chairman Kenny Cameron was thrilled to make the announcement.
"Terry and Maurice have done an excellent job for this club and we're delighted that they have put pen to paper on new two year deals. It is important to have continuity at a club like ours and this extension will allow the management duo to plan fo rthe future while signalling to the playing staff that Terry and Maurice are committed to the club going forward."
The duo have been at Caley Thistle for two and a half years and lead the team to a 7th place finish last season. Butcher was more than happy to tie himself to a longer contract.
"Maurice and I have become extremely attached to this club, and so many fine people in it, and we're very pleased to sign the contract extensions. We enjoy living and working in the Highlands and we relish the spirit and support of what is very much a community club."
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