Nothing in this policy shall be construed to take away any contractual rights or privileges belonging to faculty now tenured or employed on a tenure-track appointment. By 30 calendar days following approval of the President, each Dean shall notify untenured faculty members in tenure-track appointments that they may elect this tenure policy or the previous policy. Failure to make such election in writing to the Dean within 90 calendar days after notification by the Dean will result in being subject to the previous policy.
This policy does not alter or abrogate any rights or privileges of faculty who were tenured or in tenure-track positions as of the date of the approval of this policy. In particular, the locus of tenure does not change for those faculty tenured or in tenure-track positions as of December 31, 1977.