3.1.5.9.2 Severance
(Charter)
Severance pay and benefits are provided to faculty members in the months following termination due to program changes or financial exigency as defined in the Faculty Termination Policy (see 3.1.5.9.1 Reason for Termination) with the intention of assisting in the professional and personal transition.
The stated understanding of University administration and faculty is that severance pay and benefits for terminated faculty are intended to provide reasonable assistance and benefits following the date of termination.
Specific terms of faculty severance pay and benefits, consistent with the policies outlined in this Faculty Termination Policy, are provided in Appendix N: Faculty Severance Pay and Benefits of this Handbook.
Changes to Appendix N: Faculty Severance Pay and Benefits are authorized by the President in consultation with Human Resources and presented to University Senate for review and recommendation prior to inclusion in the Governance Handbook.