@511" May 23 2018 KNOXVILLE, CHATTANOOGA, MARTIN, TULLAHOMA, MEMPHIS OFFICE Dr. Wayne T. Davis Dean and Professor College of Engineering 124 Perkins Hall Knoxville, TN 37996 Dear Wayne: Thank you for your willingness to accept this appointment as Interim Chancellor of The University of Tennessee, Knoxville effective May 7, 2018. This letter records the terms of your appointment. Your base salary while serving as Interim Chancellor will be $45,833.33 per month (annualized salary of $550,000). During your appointment as Interim Chancellor, you will receive a non-accountable expense allowance of$ 1,666.67 per month to assist in meeting expenses incurred in ful?lling your of?cial responsibilities. You will also receive a housing allowance of $1,666.67. The position of Interim Chancellor is without tenure, without a de?nite term but is expected to last six to twelve months, and at the will of the President. Should you choose to remain a member of the faculty in the College of Engineering at the conclusion of your administrative service, your appointment would revert to a full-time, tenured faculty appointment based on an academic year (9?month) appointment at an annual salary that is in accordance with the University?s then?current policy BT0023: Settingr Faculty Salaries Upon Conclusion of Administrative Appointments. Please indicate your formal acceptance of this appointment by signing and returning the enclosed duplicate original of this letter. Thank you for agreeing to serve in this important position on an interim basis. I look forward to working with you to keep the Knoxville campus moving forward. I. All the best, A. DiPietro - 'esident c: Executive Vice President and Chief Operating Of?cer Tonja Johnson Chief Financial Of?cer David Miller General Counsel Matthew Scoggins System Human Resources I agree to the terms and conditions outlined in this letter and will accept this appointment. ACCEPTED: %m%ww/ g? Wayne T. Davis a I Date 800 Andy Holt vaer Knoxville, Tennessee 37996?0180 I?lmnc: (865) 974?2241 Fax: (86.5] 974?3753