Standing Order 103. Special Provisions Concerning Officers, Faculty Members, and Employees of the University

103.7: Severance Compensation

The principle of severance compensation is approved in the case of a faculty member with tenure or security of employment whose resignation is deemed to be in the interest of the University; the authority in such cases rests with the President following consultation with the respective Chancellor. The Chancellor shall consult with the appropriate advisory committee(s) of the Academic Senate. In establishing the amount of severance compensation, each case shall be dealt with upon its merits.