Repository: UIHistories Project: Board of Trustees Minutes - 1976 [PAGE 282]

EXTRACTED TEXT FROM PAGE:

1975]

UNIVERSITY OF ILLINOIS

271

ments are valid and proper. Meantime, prospective licensees are unwilling to negotiate royalty arrangements until the controversy is resolved. As a result of extensive negotiations between the parties it is now proposed that all claims be disposed of by the execution of a settlement agreement which will confirm the validity of the assignments and the licensing of the inventions by UPI under the Servicing Agreement with the Foundation, except that royalties will be divided on the basis of 40 per cent to the Foundation, 30 per cent to UPI, and 30 per cent to Dr. Long. The settlement agreement would supersede the University's prior allocation to Dr. Long of 20 per cent of the Foundation's 60 per cent share of the royalty income. The Foundation and UPI have approved the proposed settlement agreement. The Vice President for Planning and Allocation and the University Counsel recommend that the Board of Trustees also approve the proposed settlement. I concur. O n motion of Mr. H a h n , the proposed settlement agreement was approved. SECRETARY'S REPORT T h e Secretary presented for record appointments to the faculty and changes of status made by the President; resignations; leaves of absence; and retirements. A copy of die report is filed with the Secretary. COMMUNICATIONS Mr. Neal reported that he had declined to approve a request for an emergency appearance before the Board at this meeting. T h e request was from Mr. Norm Beamer, Chairman of the Graduate Student Association at Urbana, who wished to discuss widi the Board the hospital-medicalsurgical fee increase for U r b a n a and the subject of surplus funds as an alternative to fee increases. Mr. Neal indicated his action was based on the fact that the Board had completed its action on this subject and stated that he would refer the matter to the Finance Committee, with the request that at some point the Committee grant Mr. Beamer a hearing and report back to the Board. ANNOUNCEMENTS FROM THE PRESIDENT OF THE BOARD Future Meetings President Neal called attention to the schedule of meetings for the next three months: M a y 21, Springfield; June 18, Urbana-Champaign; July 16, Medical Center. 1 Mr. Neal also announced diat an executive session had been requested and would be convened after the regular meeting and meetings of Board committees for consideration of acquisition of property and personnel matters.

1 He announced that the location of the May meeting had been changed (fromi Chicago Circle) to enable the Trustees to attend a meeting of other Dlinoij university governing boards. The meeting, May 20, is being convened by the Illinois Board of Higher Education.