Common use of Financial Exigency Clause in Contracts

Financial Exigency. 22.1 The first duty of the University must be to ensure that its academic priorities remain paramount, particularly in regard to the quality of instruction and research. The Governors, when faced with budgetary restrictions, will ensure the primacy of the University's educational functions by considering cuts in academic programs or resultant cuts of Board appointments only after all practicable cuts have been made in all other budgetary areas of the University.

Appears in 11 contracts

Samples: Collective Agreement, Collective Agreement, Agreement

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