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If the contract is approved, he said, it would expire in the beginning of 2003.
Officials say they will need at least 45 days after the contract is approved to make preparations for the sale, let alone complete it.
Mr. Lewenza urged the governments of Canada and Ontario to swiftly provide aid to General Motors once the contract is approved.
Swinney's salary and possible incentives in the deal will not be released until the contract is approved by the university's Board of Trustees Compensation Committee.
Analysts say Ford's deal provides considerable savings to compensate for the bonuses and other costlier provisions; the credit ratings firms Standard & Poor's and Moody's are each reviewing Ford for possible upgrades if the contract is approved.
If the contract is approved, it could prompt other districts to push for pay-for-performance, by suggesting that merit pay is no longer so symbolic a fight among the rank and file.
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The contract was approved by a federal bankruptcy judge.
board members: Gerald M. Levin Affiliation: Formerly of Time Warner (Board member in 1999 when contract was approved) Current N.Y.S.E.
His contract was approved by a vote of 6 to 3.
The contract was approved by a board committee, but not all committee members knew about it.
G.M. has announced plans to eliminate shifts at two Michigan factories since its contract was approved.
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