Board of Governors, June 28, 2000 - APPENDIX II, Annex 3-C

Provisions Relating to the

MBA Class of '89 Faculty Fellowship

At The University of Western Ontario



Name: The MBA Class of '89 Faculty Fellowship at the Richard Ivey School of Business.
Donor and Funding: This term-funded Faculty Fellowship is made possible by a generous donation from The MBA Class of '89 in the amount of $125,000.
Annual Spending: Approximately $25,000 will be provided to the selected Fellow each year as a salary supplement. The fund balance will earn interest in accordance with the University's Investment Payout Policy (Policy 2.11) as it relates to term funding, as may be amended from time to time.
Effective Date: August 2000 - June 2005
Purpose: To attract and retain new or junior faculty members (less than 5 years with the Richard Ivey School of Business) through the establishment of a term fund that will provide income for a fellowship for five years.
Criteria: Selection of the Faculty Fellow will be administered by the Dean of the Richard Ivey School of Business. The selection and administration of the Fellow will be in keeping with the University's policy on Faculty Fellows.

Each Fellowship will be for a 1-year term, renewable at the discretion of the Dean. The stipend provided to the holder of the Fellowship will terminate upon completion of the term.

Reporting: The Richard Ivey School of Business agrees to provide a formal annual report to the Class Representative of the MBA Class of '89 or others as instructed, regarding all activities of the holder of the Fellowship and the financial status of the term fund.
Permission to Alter: If it becomes necessary to make changes to the terms of these provisions, any such changes will be made in consultation with the Class Representative of the MBA Class of '89 and the Dean of the Richard Ivey School of Business.