Common use of Financial Exigency Clause in Contracts

Financial Exigency. 23.3.1 A financial exigency is a condition of projected deficit in the College’s budget of such an order of magnitude that a reduction of faculty members is necessary. The Board of Trustees may declare a state of financial exigency, and authorize the following processes for reducing the size of the faculty, only after broad consultation with the academic administration, the faculty, and the UFE. As part of this process, the College shall make available budget and other relevant data to allow all parties to assess the financial exigency.

Financial Exigency. 23.3.1 A financial exigency is a condition of projected deficit in the College’s budget of such an order of magnitude that a reduction of faculty members is necessary. The Board of Trustees President may declare a state of financial exigency, exigency and authorize the following processes for reducing the size of the faculty, only faculty after broad consultation with the academic administration, the faculty, and the UFE. As part of this process, the College shall make available budget and other relevant data to allow all parties to assess the financial exigency.

Financial Exigency. 23.3.1 A financial exigency is a condition of projected deficit in the College’s budget of such an order of magnitude that a reduction of faculty members is necessary. The Board of Trustees TrusteesPresident may declare a state of financial exigency, and authorize the following processes for reducing the size of the faculty, only after broad consultation with the academic administration, the faculty, and the UFE. As part of this process, the College shall make available budget and other relevant data to allow all parties to assess the financial exigency.

Financial Exigency. 23.3.1 21.3.1 A financial exigency is a condition of projected deficit in the College’s budget of such an order of magnitude that a reduction of faculty members is necessary. The Board of Trustees may declare a state of financial exigency, and authorize the following processes for reducing the size of the faculty, only after broad consultation with the academic administration, the faculty, and the UFE. As part of this process, the College shall make available budget and other relevant data to allow all parties to assess the financial exigency.