Repository: UIHistories Project: Board of Trustees Minutes - 1982 [PAGE 382]

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1981]

UNIVERSITY OF ILLINOIS

371

Establishment of the Lizzie Gilman Research Professorship in Psychiatry, College of Medicine, Medical Center

(20) In accordance with the will of the late Lizzie Gilman, 1 the chancellor at the Medical Center campus has recommended the establishment of the Lizzie Gilman Research Professorship in Psychiatry in the College of Medicine. Mrs. Gilman had directed that the funds were to be used "to establish a fund for the purpose of study and research in the field of mental illness." A total of $808,900 has been received from Mrs. Gilman's estate and it is recommended that these funds be accepted and designated as a quasi-endowment with income from the endowment fund in an amount not to exceed $65,000 each year to be used to furnish partial support for the Lizzie Gilman Research Professor including costs of apparatus, books, equipment, supplies, partial salary support, or other support for the professor or his or her research. A recommendation for appointment of the professor will be made in accord with the University's regular procedures. The executive vice president and the vice president for academic affairs concur in these recommendations. I recommend approval. O n m o t i o n of M r . N e a l , t h e s e r e c o m m e n d a t i o n s w e r e a p p r o v e d .

Revision of the Research Agreement with Petrogen, Inc. (Exception to the General Ru/es)

(21) On July 16, 1981, the Board of Trustees approved a research agreement with Petrogen, Inc., for the support of research in the Department of Microbiology and Immunology at the Medical Center campus on the microbial recovery of secondary oil over a two-year period in the amount of $588,901. As a part of the arrangement, the company was to receive an exclusive license on any resulting discoveries and inventions. As a result of subsequent discussions with the company, it is now recommended that the prior authorizations at the July meeting be revised as outlined below. T h e research will cover a two-year period commencing January 1, 1982, and the $588,901 support money will be paid to the University in equal quarterly installments beginning with the commencement date. T h e company will have the right to terminate the research contract at any time on ninety days prior notice. Under the revised arrangement Petrogen, Inc., would continue to receive an exclusive world-wide license on all inventions and discoveries growing out of and directly related to the scope of the sponsored research. The royalty base would be the company's gross receipts on products or services which utilize such inventions or discoveries so long as the same are patented or remain proprietary to the University. The royalty rate would be Vi percent on the first $25 million of gross receipts, Vi percent on the next $25 million, 1 percent on the next $25 million, Wi percent on the next $75 million, and 2 percent on all gross receipts over $150 million. Beginning in the fifth year of the license, minimum royalties payable by the company would be $15,000 annually and would progressively increase in subsequent years with the minimum royalty for the eighth and subsequent years being $100,000 annually. If the minimum royalties are not paid, the exclusive license would convert to a nonexclusive license and all sublicenses previously granted by the company would be vitiated. T h e University Patent Committee has reviewed proposed exceptions to the University's Patent Policy and has recommended approval. The executive vice

1 Mrs. Gilman of Dana in LaSalle County died in 1958. Her will gave one-third^ interest each in part of her estate (after a life estate interest to her daughter) to the# Illinois division of the American Cancer Society, Northwestern University, and the University of Illinois.