All compensation from grants, whether as a principal investigator at Rhodes or as a subgrantee with another institution, must be approved in advance by the Vice President of Academic Affairs. The Office of Academic Affairs will establish the level of compensation, release time for any participants (if any), and will have final approval over all research and staffing participation for all grants. The regular and scheduled academic needs of the College will be the primary consideration in determining a faculty member’s participation in a grant activity. During the summer months or while on sabbatical, monthly grant compensation in excess of 1/9 of the faculty member’s annual salary must be approved by the Vice President of Academic Affairs and Vice President for Finance and Business Affairs. All College Human Resources policies and practices for compensation and fringe benefits will be followed. Compensation from grants, regardless of the funding source, will be issued on payroll checks. Federal Income Taxes and F.I.C.A. taxes will be withheld on all grant checks, as required by the Internal Revenue Service.