Constructive

Example Definitions of "Constructive"
Constructive. Termination shall mean the occurrence of any of the following, without the Executive's express written consent, at any time within twelve (12) months following a Change in Control: (i) material diminution in the overall scope of the Executive's duties, authorities and responsibilities from those held by the Executive immediately prior to the time of a Change in Control; (ii) geographic relocation of the Executive's assigned principal business location to a location greater than forty (40) miles... from the place of the Executive's principal business location immediately prior to the time of a Change in Control; or (iii) diminution by ten percent (10%) or more of the Executive's base salary or target bonus in effect immediately prior to the time of a Change in Control; View More
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