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9.11 Endowed Chairs

Term - Upon appointment, an agreed upon review of status with the dean and provost will be established.  

Contracts - Employment contracts will specify what portion of the faculty member’s salary is state-funded and what portion is funded by the endowment. The endowment portion will be labeled as a “supplement” to the base state salary and may change on an annual basis. The president must approve funding arrangements annually. 

Merit Raises - State merit raises will be awarded based on the state-funded base salary only.  Merit raises based on endowment may be negotiated.

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