Common use of Contract Termination or Modification Clause in Contracts

Contract Termination or Modification. In the event of extraordinary changes affecting the University, institutional financial exigency, or significant program reduction or program closure, the University reserves the right to revise or revoke existing Unit Core Faculty contracts. The University’s determinations about extraordinary changes, institutional financial exigency, significant program reduction, or program closure are not grievable. In any such instances, the University is committed to making every effort to appropriately reassign affected Unit Core Faculty. In such cases, consideration will first be given to possibilities for contract revision or Unit Core Faculty reassignment. To discuss such options, the ▇▇▇▇▇▇▇ will meet with the Unit Core Faculty member and with a Union representative and review all other options within the University. Contract revocation will be the last resort. In cases of contract revocation, the University will provide affected Unit Core Faculty who hold contracts of five years or longer at least one year of continued employment or payment in lieu thereof. The University will provide relevant information as to the reasons for the planned contract revision or revocation, and will engage in effects bargaining over such decision.