Faculty with a portion of their FTE funded from extramural projects may arrange to ‘buy out’ of courses at the rate of 10% of their 9-month annual base salary (capped at $10,000) per 3-hour course. They must still meet department-determined minimum teaching load requirements and must specify the area in which that percentage of their time will be reallocated (e.g., research/project administration, service). Faculty may only use buy-outs to reduce their course instruction loads and must continue to fulfill their ongoing service, student advising, and administrative duties. Buy-outs cannot be used to reduce one’s overall work effort or be construed as approval for a full-time research appointment. Effective January 1, 2018.