Distinguished University Professorships recognize full or associate professors for exceptional scholarly and/or creative achievement, national and international reputation, and superior teaching skills. Created in 1947, each professorship bears a name determined by the appointive professor in consultation with her or his dean. Each professorship also carries an annual salary supplement of $5,000 and an annual research supplement of $5,000. The duration of the appointment is unlimited, and the title — without the salary and research supplements — may be retained after retirement. In addition, newly appointed Distinguished University Professors are expected to deliver an inaugural lecture during the first year of appointment.