Common use of Tenure Relinquishment Clause in Contracts

Tenure Relinquishment. The relinquishment of tenure is accomplished through the development and signing of a “tenure relinquishment agreement.” Upon execution by the University and a faculty member of an agreement to relinquish tenure and retire at a date certain no later than three years from the date of the tenure relinquishment agreement, the faculty member's base 9-month salary is immediately increased by six percent. The faculty member is eligible to participate in any subsequent salary increases negotiated by AAP and the University. The faculty member's tenure status changes from “indefinite tenure” to “fixed-term” upon signing the agreement. However, for purposes of possible changes in appointments resulting from sanctions for cause or elimination or reduction of programs, the faculty member will be treated as though she or he had indefinite tenure. Faculty who relinquish their tenure under this section shall continue to possess all the rights and privileges and responsibilities of a bargaining unit member under this contract, including service to the University and other assignments. The process of forming a tenure relinquishment agreement is initiated by submitting a Tenure Relinquishment form to the Xxxx or Director. The form will indicate that the faculty member has the right to support from AAP in preparing a proposal, if the faculty member requests it. A tenure relinquishment proposal is then developed, often going through a number of drafts, to assure that the agreement meets the needs of the University and the faculty member. After discussing possibilities and preferences, the Xxxxxxx will prepare a final agreement that can be signed, further refined or forgotten. Once executed, the tenure relinquishment agreement can be amended by mutual agreement in writing. The parties agree to review the effectiveness and purpose of the tenure relinquishment program in subsequent negotiations.

Tenure Relinquishment. The relinquishment of tenure is accomplished through the development and signing of a “tenure relinquishment agreement.” Upon execution by the University and a faculty member of an agreement to relinquish tenure and retire at a date certain no later than three years from the date of the tenure relinquishment agreement, the faculty member's base 9-month salary is immediately increased by six percent. The faculty member is eligible to participate in any subsequent salary increases negotiated by AAP and the University. The faculty member's tenure status changes from “indefinite tenure” to “fixed-term” upon signing the agreement. However, for purposes of possible changes in appointments resulting from sanctions for cause or elimination or reduction of programs, the faculty member will be treated as though she or he had indefinite tenure. Faculty who relinquish their tenure under this section shall continue to possess all the rights and privileges and responsibilities of a bargaining unit member under this contract, including service to the University and other assignments. The process of forming a tenure relinquishment agreement is initiated by submitting a Tenure Relinquishment form to meeting with the Xxxx or Director. The form will indicate that the faculty member has the right to support from AAP in preparing a proposal, if the faculty member requests it. A tenure relinquishment proposal is then developed, often going through a number of drafts, to assure that the agreement meets the needs of the University and the faculty member. After discussing possibilities and preferences, the Xxxxxxx will prepare a final agreement that can be signed, further refined or forgotten. Once executed, the tenure relinquishment agreement can be amended by mutual agreement in writing. The parties agree to review the effectiveness and purpose of the tenure relinquishment program in subsequent negotiations.