The College recognizes that leaves without pay (LWOPs) often foster the continuing scholarly activities of the faculty. The College also recognizes that planning and securing outside funding for a LWOP takes time and includes many uncertainties. However, the financial management of the College requires a set date on which a scheduled LWOP becomes fixed and may not be canceled. Accordingly, funds made available by LWOPs will be budgeted for other purposes, as of the May 15 preceding the academic year in which the LWOPs are to occur. From that date the presumption will normally be that the faculty member will be expected to honor the scheduled LWOP.