Common use of (l). Endowed/Named Chairs Clause in Contracts

(l). Endowed/Named Chairs. (a) Each endowed/named chair is awarded for a three-year period provided the University approves funding for the endowed/ named chair. Pending a satisfactory performance review and documented progress toward meeting pre-established objectives upon completion of the third year, the endowed/named chair holder may receive a two-year extension. After completion of a five-year period, the selection process is conducted for a new endowed/named chair holder. (b) Criteria for the establishment and implementation of an endowed (or named) chair include: 1. A mission statement will be developed and approved by the University. 2. A minimum of one million dollars ($1,000,000) will be raised for the chair. 3. Prescribed procedures will be followed for endowed/named chair selection: i. A national search will be conducted to select an endowed/named chair. ii. A screening committee consisting of the Xxxxxxx/Vice President For Academic Affairs, Vice President for Institutional Advancement, a Faculty representative with the rank of full professor elected by the faculty, and an individual external to the University who is a recognized expert/scholar in the general field of a discipline appropriate to each endowed/named chair screens applications. This committee identifies and submits a list of qualified candidates to the selection committee. iii. A selection committee, which selects the endowed/named chair holder, consists of two Presidential appointees and one Faculty member with full professor rank elected by the Faculty.

(l). Endowed/Named Chairs. (a) Each endowed/named chair is awarded for a three-year period provided the University approves funding for the endowed/ named chair. Pending a satisfactory performance review and documented progress toward meeting pre-established objectives upon completion of the third year, the endowed/named chair holder may receive a two-year extension. After completion of a five-year period, the selection process is conducted for a new endowed/named chair holder. (b) . Criteria for the establishment and implementation of an endowed (or named) chair include: 1. A mission statement will be developed and approved by the University. 2. A minimum of one million dollars ($1,000,000) will be raised for the chair. 3. Prescribed procedures will be followed for endowed/named chair selection: i. a. A national search will be conducted to select an a endowed/named chair. ii. b. A screening committee consisting of the Xxxxxxx/Vice President For Academic Affairs, Vice President for Institutional Advancement, a Faculty representative with the rank of full professor elected by the faculty, and an individual external to the University who is a recognized expert/scholar in the general field of a discipline appropriate to each endowed/named chair screens applications. This committee identifies and submits a list of qualified candidates to the selection committee. iii. c. A selection committee, which selects the endowed/named chair holder, consists of two Presidential appointees and one Faculty member with full professor rank elected by the Faculty. 4. Expectations of Endowed/Named Chair Holders. Endowed/named chair holders are responsible for Faculty duties in the academic department to which they are assigned. Endowed/named chair holders are assigned a six

(l). Endowed/Named Chairs. (a) Each endowed/named chair is awarded for a three-year period provided the University approves funding for the endowed/ named chair. Pending a satisfactory performance review and documented progress toward meeting pre-established objectives upon completion of the third year, the endowed/named chair holder may receive a two-year extension. After completion of a five-five- year period, the selection process is conducted for a new endowed/named chair holder. (b) . Criteria for the establishment and implementation of an endowed (or named) chair include: 1. A mission statement will be developed and approved by the University. 2. A minimum of one million dollars ($1,000,000) will be raised for the chair. 3. Prescribed procedures will be followed for endowed/named chair selection: i. a. A national search will be conducted to select an a endowed/named chair. ii. b. A screening committee consisting of the Xxxxxxx/Vice President For Academic Affairs, Vice President for Institutional Advancement, a Faculty representative with the rank of full professor elected by the faculty, and an individual external to the University who is a recognized expert/scholar in the general field of a discipline appropriate to each endowed/named chair screens applications. This committee identifies and submits a list of qualified candidates to the selection committee. iii. c. A selection committee, which selects the endowed/named chair holder, consists of two Presidential appointees and one Faculty member with full professor rank elected by the Faculty. 4. Expectations of Endowed/Named Chair Holders. Endowed/named chair holders are responsible for Faculty duties in the academic department to which they are assigned. Endowed/named chair holders are assigned a six