Since classes at the University of Michigan are scheduled at the hour but don't start until 10 minutes after the hour, "Michigan Time" is 10 minutes late.
Examples
Seminar announcement, ICOS: September 21, Friday from 1:30-3:00 p.m (non-michigan time)
Panelists provide advice to transfer students, University Record, September 1996. Michigan time, according to senior panelist Randy Juip, who transferred from the U-M-Dearborn, means that "everything starts 10 minutes after the hour. So if someone says there's a meeting at 3 p.m., it will start at 3:10. It's just a different clock."
