Common use of Chancellor Clause in Contracts

Chancellor. The Executive Committee shall appoint a Chancellor to administer all programs, funds, personnel, facilities, contracts, and all other administrative and academic functions of the Authority, subject to oversight by the Executive Committee and in compliance with Section 4.11. The Chancellor shall receive compensation as determined by the Executive Committee. All terms and conditions of the Chancellor’s employment, including length of service, shall be specified in a written contract between the Chancellor and the Executive Committee, provided that the Chancellor shall serve at the pleasure of the Executive Committee, and the Executive Committee may remove or discharge the Chancellor by a vote of not less than the majority of the members of the Executive Committee. The Chancellor shall report to the Executive Committee at meetings of the Executive Committee and to the Chairperson of the Executive Committee between meetings of the Executive Committee.