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Yes / No

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Salary Savings Summary and Distribution:

Total Buyout Amount 80% Department Share 20% College Share

$ $ $

Faculty Signature Date

Department Chair Approval Date

College Dean Approval Date

Buyouts must be in place by the beginning of the month prior to the term in which teaching will

be reduced. (Example: August 1 for a fall semester buyout).

Yes / No

Does the Buyout Amount meet the criteria for the

CAS Faculty Replacement Policy?

Have alternate instructional arrangements been confirmed for the

courses associated with this buyout?

FACULTY TEACHING GRANT BUYOUT REQUEST

College of Arts & Sciences

Grant and Industrial Buyouts:

The external funds, whether from competitive research support (grants) or an industrial source,

must provide at least 1/6th of the faculty member’s academic year salary, along with associated benefits, for

each three credit-hour course reduction with appropriate proration. Faculty members may not reduce

teaching below the equivalent of one course per academic year.

Buyouts are NOT leaves of absence. They do NOT authorize remote work nor do they remove any

duties other than the course(s) included in the buyout.

Eighty percent (80%) of the external money generated by this buyout will be returned to the

department in the fiscal year in which it is received. The top priorities for expenditure of returned funds are

offsetting the department’s critical instruction budget and supporting replacement instruction at approved

salary levels. Any remainder may be applied towards other department-selected activities.

Buyout Request:

Faculty Name _________________________ Personnel Number ___________

Academic Year of Buyout: ______________ Semester of Buyout __________

No. of Courses _____ Credit Hours of Buyout ______ AY Salary: $________

Buyout Amount: $______________________ (1/6 X No. of 3-cr hr courses of buyout)*

*benefits will be assessed on top of this amount

Grant cost object: __________________ Grant Agency/Title: ___________________

Summary of responsibilities during period of course buyout: