• oClearly defined criteria to be used for making decisions regarding program modifications, consolidations, or discontinuations, and personnel actions.
• oProjected cost savings or revenue enhancements from each action and their anticipated impact on alleviating the exigency.
• oA detailed implementation timeline for all components of the plan.
• oProvisions for affected employees, including notice periods, severance considerations (if any, beyond existing policy), outplacement services, and rights to recall, consistent with employment policies and employee contracts.
• oA plan for ongoing communication with the KSU community regarding the implementation of the plan.
• The plan must comply with all KSU policies, individual employment contracts, and applicable federal and state laws, including those governing layoffs, discrimination, and faculty dismissals/contract modifications.
• The President must submit the complete financial exigency plan to the Board of Regents for its review and formal approval before implementation of actions that are irreversible or have significant long-term impact.
• No less than ten (10) business days prior to the Board of Regents meeting at which the financial exigency plan will be reviewed and discussed for approval, a copy of the proposed plan shall be provided to the Faculty Senate President, Staff Senate President, and Student Government Association President.
• These representative leaders must be notified of the date, time, and location of the Board meeting. They shall be provided a meaningful opportunity to address the Board of Regents regarding the plan, both by submitting written comments in advance and, if permitted by the Board, by speaking during a comment period.

Termination of Financial Exigency

• The President shall provide the Board of Regents with periodic formal updates regarding KSU's financial status and progress in implementing the financial exigency plan. These updates should include current financial statements, progress toward financial targets, and any proposed modifications to the plan. These updates will also be shared with the KSU community.
• The President, or the Faculty Senate, Staff Senate, or Student Government Association through their respective leadership, may petition the Board of Regents in writing for the termination of financial exigency. Such petitions should include evidence demonstrating that the financial crisis has been alleviated and that KSU's financial stability has been restored. Petitioners may also request an opportunity to address the Board in person.
• Criteria for considering termination of financial exigency may include, but are not limited to:
• oAchievement of financial targets outlined in the financial exigency plan.
• oSustained evidence of financial stability (e.g., balanced budgets without reliance on one-time funds for a defined period, such as two (2) consecutive fiscal years).