CIC Good Reason

Example Definitions of "CIC Good Reason"
CIC Good Reason. Shall exist in the event any of the following actions are taken without an Eligible Individual's consent: (i) a material reduction in the Eligible Individual's position, authority, power, functions, duties or responsibilities compared to the Eligible Individual's position, authority, power, functions, duties or responsibilities as of the CIC Effective Date; (ii) the Eligible Individual's primary work location being moved more than fifty (50) miles from the Eligible Individual's primary work... location immediately prior to the relocation; (iii) the Company or any of its Affiliates materially reduces the Eligible Individual's Base Salary; or 2 (iv) if the Eligible Individual is a party to an employment agreement with the Company, any material breach of such employment agreement by the Company. View More
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