Five Colleges, Incorporated utilizes these polices as guides relating to personnel administration. The contents of this handbook are presented as a matter of information only and as guidance to our policies and are not to be understood or construed as a promise or contract between Five Colleges, Incorporated and its employees. Employment can be terminated, with or without cause, and with or without notice, at any time, at the option of Five Colleges, Incorporated or the employee. The policies and benefits contained in this manual are subject to review by the Board of Directors and may be modified at any time without notice. Five Colleges, Incorporated reserves the right to vary from these guidelines where it decides it is appropriate to do so. This handbook does not apply to Five College Faculty.