Common use of FINANCIAL EXIGENCY AND ACADEMIC REORGANIZATION Clause in Contracts

FINANCIAL EXIGENCY AND ACADEMIC REORGANIZATION. 16.1 Should the President reasonably anticipate the existence of an imminent financial crisis (exigency) of such severity that it threatens the survival of the institution as a whole and cannot be alleviated without terminating the appointments of faculty members, or determine that financial justification exists for the discontinuance of a program or department of instruction necessitating the termination of regularly appointed faculty members, all data and information upon which this decision is based, including the anticipated savings, shall be provided to the CSU-AAUP. The Administration shall also provide any relevant additional information in its possession which the CSU-AAUP may request within ten calendar days following the receipt of the initial information and data from the Administration. 16.2 In the case of financial exigency, within ten (10) days of receipt of the information under Article 16.1 above, a Financial Exigency Committee shall be jointly appointed by the Administration and the CSU-AAUP, with each party having three appointments. The Financial Exigency Committee shall make advisory recommendations to the President on ways to alleviate the financial crisis, including the following considerations: A Alternatives which would result in minimum deterioration of existing academic programs and which would not sacrifice the University's long-term fiscal health in order to solve a short-term financial problem;

FINANCIAL EXIGENCY AND ACADEMIC REORGANIZATION. 16.1 15.1 Should the President reasonably anticipate the existence of an imminent financial crisis (exigency) of such severity that it threatens the survival of the institution as a whole and cannot be alleviated without terminating the appointments of faculty members, or determine that financial justification exists for the discontinuance of a program or department of instruction necessitating the termination of regularly appointed faculty members, all data and information upon which this decision is based, including the anticipated savings, shall be provided to the CSU-AAUP. The Administration shall also provide any relevant additional information in its possession which the CSU-AAUP may request within ten calendar days following the receipt of the initial information and data from the Administration. 16.2 15.2 In the case of financial exigency, within ten (10) days of receipt of the information under Article 16.1 15.1 above, a Financial Exigency Committee shall be jointly appointed by the Administration and the CSU-AAUP, with each party having three appointments. The Financial Exigency Committee shall make advisory recommendations to the President on ways to alleviate the financial crisis, including the following considerations: A Alternatives which would result in minimum deterioration of existing academic programs and which would not sacrifice the University's long-term fiscal health in order to solve a short-term financial problem;