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Home > About NC State > Chancellor > Chancellor's Statement on Contract ReviewsChancellor's Statement on Contract Reviews
July 10, 2008
The UNC General Administration has determined that NC State’s interpretation of the processes for approving fixed-term contracts (those contracts negotiated with faculty and EPA professionals for a fixed number of years) with salary increases greater than 15 percent and $10,000 for faculty and staff is incorrect. Further, General Administration has decided that we need to present such contracts executed from 2002-2008 for approval at the next Board of Governors meeting in September.
In addition to taking these contracts to the Board for review, I will convene a task force to take a look at our contract processes, including examining how and when contracts should be issued and the processes for approving them. Their work will be completed prior to the September BOG meeting.
I am sure that those of you who have signed fixed-term contracts over the period 2002-2008 are wondering how this will affect you. We have not yet determined how many contracts will need to be reviewed by the Board of Governors. It will take a fair amount of labor-intensive analysis, including reviewing each contract individually to determine the nature of the salary increase. We should know in about two weeks how many contracts will need to go before the Board.
We believed we were using the right approach in the way we were handling fixed-term contracts. As an institution that prides itself on doing the right things in the right way, we are embarrassed by this difference of interpretation and will take immediate steps to ensure that our contract approval processes are consistent with Board guidelines. We will work closely with President Bowles and the Board of Governors to resolve this issue and appreciate the Board’s willingness to work with us.
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