Change in Duties. (a) "Change in Duties" shall mean any one or more of the following: (i) a significant adverse change in the status, title, position(s), responsibilities, or scope of the Executive's authorities or duties from those applicable to him immediately prior to the date on which a Change of Control occurs; (ii) assignment to the Executive of any duties or responsibilities which are inconsistent with the Executive's status, title, or position(s) as in effect immediately prior to the date on which a... Change of Control occurs; (iii) a material reduction in the Executive's total compensation from that provided to him immediately prior to the date on which a Change of Control occurs: (iv) a diminution in the Executive's eligibility to participate in bonus, incentive award, and other compensation plans which provide opportunities to receive compensation from the opportunities under any such plans in which the Executive was participating immediately prior to the date on which a Change of Control occurs; (v) a change in the location of the Executive's principal place of employment by the Bank or its subsidiaries and affiliates by more than 30 miles from the location where he was principally employed immediately prior to the date on which a Change of Control occurs; or (vi) a reasonable determination by the Board of Directors of the Bank that, as a result of a Change of Control and change in circumstances thereafter significantly affecting the Executive's position, the Executive is unable to exercise the authorities, powers, functions or duties attached to his position immediately prior to the date on which a Change of Control occurs.View More
