Constructive Termination Without Cause

Constructive Termination Without Cause. A termination of the Executive's employment at Executive's initiative following the occurrence, without the Executive's written consent, of one or more of the following events (except as a result of a prior termination): i. an assignment of any duties to Executive that is inconsistent with Executive's status as a member of the senior management of CVS Caremark; ii. a decrease in Executive's annual base salary or target annual incentive award opportunity; iii. any failure to secure the agreement... of any successor to CVS Caremark to fully assume the Company's obligations under this Agreement; or iv. a relocation of Executive's principal place of employment more than 35 miles from Executive's place of employment before such relocation. View More