Common use of Discretionary Development Funds Clause in Contracts

Discretionary Development Funds. The Employer may provide bargaining unit members access to discretionary funds to support their scholarship or other professional activities, consistent with university policies and procedures. Such funds remain University property while being available for use as determined by the assigned bargaining unit member in the conduct of University business, as consistent with the guidelines established in the awarding of the funds. Under no circumstances may the funds be used to augment the annual salary rate of the bargaining unit member nor may they be cashed out at the end of a bargaining unit member’s employment. All equipment or materials purchased with such funds remain the property of the University. Such funds may not be reassigned to another purpose prior to any deadline set in writing at the time they were awarded or with less than one months’ notice to the bargaining unit member. If there are circumstances in which the financial position of the university requires use of previously awarded discretionary funds, those funds will be restored as soon as it is financially viable.