FACULTY REDUCTIONS Clause Samples

FACULTY REDUCTIONS. A. It is acknowledged that the Board of Trustees has final fiscal responsibility for Monmouth University. This article is intended to provide an orderly and fair procedure for the release of tenured faculty members on the basis of financial exigency.
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FACULTY REDUCTIONS. A. The first duty of the University is to ensure that its academic priorities remain paramount, particularly in regard to the quality of learning. When faced with financial constraints, the University must ensure the primacy of its educational functions. It is recognized that any Human Resources reductions in the University would be a measure of last resort in solving budget difficulties. B. Should Faculty reduction be necessary for any reason, every effort will be made to assign Tenured Faculty members to other academic duties in the University. In such instances, seniority and ability shall be the sole criteria. Furthermore, consideration will be given to retraining of Faculty members to adapt them to an available position within the University. C. The University will utilize where possible normal retirements, voluntary early retirements, voluntary reduced workloads, and leaves of absence to ameliorate the effects of redundancy. D. Situations and degree of Faculty redundancy shall be identified by the Vice President, Faculty and Staff Affairs or his/her designate in consultation with the Deans. The ▇▇▇▇ of a Faculty/Division, in which a redundancy has been identified, shall notify all Faculty members within his/her Faculty/Division of that situation. A Redundancy Identification and Amelioration Committee (R.I.A.C.) shall be struck immediately, consisting of the ▇▇▇▇ of the Faculty/Division, the Chair of the Department/School affected, and the President of the Association. The R.I.A.C. will seek to establish employment opportunities to offset the effect of Departmental/School redundancy following the principles that Faculty members should be allocated the academic loads that are assigned, or are planned to be assigned, to other than Tenured or Probationary Faculty members, and that Faculty members should be considered for available non-academic positions in the University. The following sequence of priorities shall be followed: 1. seeking academic opportunities elsewhere within the Department/School (day and/or evening), 2. seeking academic opportunities elsewhere within the Faculty/Division (day and/or evening), 3. seeking academic opportunities elsewhere within the University (day and/or evening), 4. seeking non-academic employment opportunities within the University, consistent with normal University hiring procedures. E. 1. If the R.I.A.C. is successful in finding a potential academic opportunity outside the affected Department/School, the DAC of the ...
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FACULTY REDUCTIONS. A. Whenever it is necessary to decrease the size of the faculty due to, but not limited to, insufficient funds, substantial decrease of student population, or changes in program, the board, upon the recommendation of the President of the college after consultation with the Federation, may cause the necessary number of instructors in the appropriate discipline(s) to be placed on involuntary leave without pay at the expiration of his/her/ their contract(s). The administration shall have the option of issuing a one-semester contract rather than discontinuance if it is in the best interest of the college as determined by the administration. 1. Before any full-time instructors are laid off, adjunct positions in the affected discipline(s) shall be cancelled and those duties assigned to full-time faculty members to maintain full-time loads, if determined to be qualified by the Chief Academic Officer (CAO), in accordance with the provisions of this agreement. 2. Faculty members who have been placed on involuntary leave in excess of three years shall be excluded from the provisions of this agreement. 3. For a period of three years, no new appointments shall be made in the discipline while there are available instructors who have (a) been placed on involuntary leave and (b) who are determined by the administration to be adequately qualified in that discipline or disciplines. The President of the college or his/her designee will notify such instructor of position availability. The instructor must notify the President of the college or his/her designee, in writing, of their acceptance of employment within twenty-eight (28) calendar days from the date of notification by the President or his/her designee. 4. Such re-employment shall not result in loss of status or credit of previous years of service. B. Whenever possible, notice of discontinuance of service of the possibility of a one semester contract shall be made at least sixty days before discontinuance takes effect. It is recognized, however, that circumstances may dictate a reduction subsequent to such notice period and in such event, the board will make every reasonable effort to give advance notice such as is possible under the circumstances. ▇. ▇▇▇▇▇▇ set-off/unemployment benefits: it is understood that faculty members who receive unemployment benefits during the summer after layoff will have a reduction in salary by the amount of unemployment received if they are called from layoff for the next school year. D....
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Related to FACULTY REDUCTIONS

  • Royalty Reductions (a) In the event that, during the Royalty Term for a Licensed Product and a country, (i) at the time of the First Commercial Sale of such Licensed Product in such country there is no Valid Claim that is infringed by the sale of such Licensed Product in such country for so long as there is no such Valid Claim, or (ii) if any such Valid Claim did exist as of such First Commercial Sale or thereafter but such Valid Claim has expired or otherwise no longer meets the definition of Valid Claim, then for any royalty payments made during the period when the condition set forth in (i) or (ii) exists with respect to such Licensed Product and such country, the royalties payable with respect to Net Sales of such Licensed Product sold by Jazz, its Affiliates and its Sublicensees in such country shall be reduced by [***] of the royalties otherwise owed to Codiak pursuant to this Section 8.10. In addition, if in any country in the Territory during the Royalty Term for a Licensed Product for such country, a Biosimilar/Generic Product is sold in such country and, according to a reasonable information source or reasonable proxy mutually agreed by the Parties, the units sold of all Biosimilar/Generic Products, collectively, exceed [***] or more of the unit sales of such Licensed Product in such country, then thereafter, the royalties payable with respect to Net Sales of such Licensed Product sold by Jazz, its Affiliates and its Sublicensees in such country shall be reduced by [***] of the royalties otherwise owed to Codiak pursuant to this Section 8.10. The reductions provided for by this Section 8.10.2(a) shall be calculated using the methodology outlined in Exhibit D. (b) Codiak will be responsible for all payment obligations owing to Third Parties under licenses to which Codiak or any of its Affiliates is a party as of the Effective Date or thereafter as set forth in Section 3.3. Other than any licenses or similar rights obtained by Jazz from a Third Party as contemplated in Section 3.3.5(b), if (i) the Exploitation of Licensed Compounds or Licensed Products as contemplated hereunder, including, for clarity, the use of any Agreed Included Codiak Platform Addition in connection with such Exploitation, would infringe or misappropriate any intellectual property that is owned or Controlled by a Third Party, and (ii) Jazz decides to obtain a license or other similar rights from such Third Party in order to avoid such infringement or misappropriation, then [***] of any payments made to such Third Party in connection with obtaining and maintaining such licenses may be deducted from the royalties otherwise payable by Jazz to Codiak hereunder; provided that in no event shall the aggregate royalties payable by Jazz to Codiak for any Calendar Quarter be reduced as a result of such deduction by more than [***] of the royalty that would otherwise have been due under Section 8.10.1, as such royalty amount is determined prior to the application of any reductions provided in this Section 8.10.2. If Jazz is unable to deduct the full amount of the payments to Third Parties contemplated by this Section 8.10.2(b) for a Calendar Quarter, Jazz will be entitled to carry forward such amounts and deduct them in future Calendar Quarters until such time as Jazz has been able to fully deduct such amounts from the royalties payable under Section 8.10.1. Notwithstanding the foregoing, in the case of payments due to a Third Party on sales in the Shared Territory for a Licensed Product for which Codiak exercised its Development and Commercialization Option, no deduction under this Section 8.10.2(b) shall be permitted but Jazz may include such payments in Allowable Expenses.

  • Royalty Reduction If Licensed Product is royalty-bearing only on account of Section 4.3(b)(ii), then the royalty rates set forth in Section 4.3(a) with respect to Net Sales attributable to Licensed Product will be reduced by [***].

  • Optional Reductions The Borrower may, upon notice to the Administrative Agent, terminate the Aggregate Revolving Commitments, or from time to time permanently reduce the Aggregate Revolving Commitments to an amount not less than the Outstanding Revolving Amount of Revolving Loans, Swing Line Loans and L/C Obligations; provided that (i) any such notice shall be received by the Administrative Agent not later than 1:00 p.m., five (5) Business Days prior to the date of termination or reduction, (ii) any such partial reduction shall be in an aggregate amount of $2,000,000 or any whole multiple of $1,000,000 in excess thereof and (iii) the Borrower shall not terminate or reduce (A) the Aggregate Revolving Commitments if, after giving effect thereto and to any concurrent prepayments hereunder, the Total Revolving Outstandings would exceed the Aggregate Revolving Commitments, (B) the Letter of Credit Sublimit if, after giving effect thereto, the Outstanding Revolving Amount of L/C Obligations not fully Cash Collateralized hereunder would exceed the Letter of Credit Sublimit, or (C) the Swing Line Sublimit if, after giving effect thereto and to any concurrent prepayments hereunder, the Outstanding Revolving Amount of Swing Line Loans would exceed the Swing Line Sublimit.

  • Salary Reduction A reduction in pay from one step to another, which is not below the minimum rate established for the position by the salary plan. A copy of the notice of reduction shall be sent promptly to the City Manager Department for inclusion in the employee's official personnel file.

  • Exclusive Benefits of Parties This Deposit Agreement is for the exclusive benefit of the parties hereto, and their respective successors hereunder, and shall not be deemed to give any legal or equitable right, remedy or claim to any other person whatsoever.