This policy sets forth a framework for dealing with a financial exigency that could be grounds for termination of tenured, tenure track, or non-tenure track faculty. It does not contain a detailed plan of action because the nature of an exigency cannot be predicted with sufficient specificity. Coping with an exigency will be a difficult and trying experience for everyone involved. A body of rules can help, but good faith and cooperation on the part of the entire University community are essential.