Here's an excerpt:
The faculty of Bucknell University grant to Bucknell University limited use of their scholarly articles for the purpose of making these articles open access. Specifically, each faculty member grants Bucknell University a nonexclusive, paid-up, worldwide license for each of his or her scholarly articles for the purpose of making these articles openly accessible in an institutional repository, and grants Bucknell University permission to exercise all rights under copyright for this purpose, as well as to authorize other parties to do the same, provided that the articles are not sold for income or profit. A scholarly article is defined as a peer-reviewed scholarly work published in a journal or in another format that a faculty member determines to be appropriate for his or her particular discipline.
The policy applies to all scholarly articles authored or co-authored while the author is a faculty member of Bucknell University except for any articles completed before the adoption of this policy and any articles for which the faculty member entered into an incompatible licensing or assignment agreement before the adoption of this policy.
The license granted to Bucknell University by this policy will in no way interfere with the rights of a faculty member as the author of the work. Furthermore, the license granted to Bucknell University for an article will be automatically waived for any reason and without sanction at the sole discretion of the faculty member upon written/electronic notification to Bucknell University's scholarly communications officer.