VARIANCE BY CONTRACT. The President may approve a contract that either reduces the University’s ownership rights or reduces the University’s share of net income if, in the President’s judgment, the contract is in the best interests of the University. If the University’s ownership rights are reduced or the University’s share of net income is reduced to below 50%, the President shall inform the commissioner of the contract and shall indicate the reason for approving it.
Appears in 8 contracts
Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement
