Per the discussions at the 7/15/10 Chairs/MSO & 7/23/10 MSO meetings here are the revised payout guidelines for Faculty Salary Exchange and Faculty Leverage Programs.
FSEP
Released salary from the FSEP program is split 75% to the faculty, 15% to the department for administration and 10% to the Dean. The Dean will return the 10% back to the department to help off set the 3% cut to the Department Support Model.
There is no longer a requirement that a faculty member needs to return their 75% FSEP split in order for the Dean to return the 10% to the department.
FLP
Released salary from the FLP is split 75% to the department for temp FTE, 15% to department for administration and 10% to the Dean. The Dean will return the 10% back to the department to help off set the 3% cut to the Department Support Model.
Faculty will no longer be allowed to buy out of two courses in the same quarter, so there will no longer be a 3% release salary split off the top for the sabbatical replacement pool.
These new guidelines make the program payouts look similar and should hopefully reduce the confusion between the programs.
Please let me know if you have any questions.