Constructive Termination
Constructive Termination. That the Executive terminates his employment with the Company for Good Reason.
Constructive Termination. Shall be deemed to occur if (A)(1) there is a material adverse change in Employee's position causing such position to be of materially reduced stature or responsibility, (2) a reduction of more than thirty percent (30%) of Employee's base compensation unless in connection with similar decreases of other similarly situated employees of the Company or (3) Employee's refusal to comply with the Company's request to relocate to a facility or location more than fifty (50) miles from the Company's...
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Found in
OMEROS CORP contract
Constructive Termination. For purposes of this Agreement, 'Constructive Termination' means Employee's termination of his employment within 120 days following the occurrence of Good Reason. For purposes of this Agreement, 'Good Reason' means any of the following: (i) any material diminution in Employee's authority, duties or responsibilities; (ii) any material diminution in Base Salary; (iii) any material change in the geographic location at which Employee must perform services (in other words, the relocation of Employee...
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Found in
OMEROS CORP contract
Constructive Termination. The Purchaser terminates his Services because of (a) a substantial diminution in the nature, status or prestige of Purchaser's responsibilities, title or reporting level as they exist immediately prior to a Change of Control or the addition of responsibilities of a nature, status or prestige inconsistent with the Purchaser's responsibilities as they exist prior to a Change of Control, (b) a substantial diminution in Purchaser's compensation or benefits, or (c) the Company requires the Purchaser...
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Found in
Jazz Pharmaceuticals plc contract
Constructive Termination. The Founder terminates his Services because of (a) a substantial diminution in the nature, status or prestige of Founder's responsibilities, title or reporting level as they exist immediately prior to a Change of Control or the addition of responsibilities of a nature, status or prestige inconsistent with the Founder's responsibilities as they exist prior to a Change of Control, (b) a substantial diminution in Founder's compensation or benefits, or (c) the Company requires the Founder to...
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Found in
Jazz Pharmaceuticals plc contract
Constructive Termination. Executive's resignation as a result of, and within three (3) months following the expiration of any Company cure period (discussed below) following the occurrence of one or more of the following: (i) a material reduction in Executive's job, duties or responsibilities in a manner that is substantially inconsistent with the position, duties or responsibilities held by Executive immediately before such reduction, (ii) a material reduction in Executive's base salary (in other words, a reduction of...
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Found in
INFINERA Corp contract
Constructive Termination. The Employee's voluntary termination of employment with the Company within ninety (90) days following: (i) a reduction in the Employee's job responsibilities that is substantially inconsistent with the position, duties or responsibilities held by Employee immediately before such reduction; provided that a mere change in title alone following a Change of Control shall not constitute a material reduction in job responsibilities; (ii) relocation of the Employee's work site to a facility or...
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Found in
SEATTLE GENETICS INC contract
Constructive Termination. (i) 'Constructive Termination' shall mean: (a) a material, adverse change of Executive's responsibilities, authority, status, position, offices, titles, or duties; provided, that (1) the fact that the Company is a subsidiary of an acquirer or a division of an acquirer, or (2) a change in Executive's employment from a Subsidiary to the Company or another Subsidiary shall in either event not, in and of itself, be considered a material change to the Employee's responsibilities, authority, status,...
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Found in
Raven Industries, Inc. contract
Constructive Termination. The occurrence of any of the following conditions without a Designated Executive's written consent, which condition remains in effect for ten (10) days after written notice to the Company from such Designated Executive of such condition: (a) a decrease in the Designated Executive's base salary or target bonus, or a substantial reduction of other compensation and benefits, from that in effect immediately prior to the Change in Control; (b) the relocation of a Designated Executive's work place...
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Found in
NortonLifeLock contract
Constructive Termination. The occurrence of any of the following conditions without a Group 1 beneficiary's written consent, which condition remains in effect for ten (10) days after written notice to the Company from such Group 1 beneficiary of such condition: (a) a decrease in the Group 1 beneficiary's base salary or target bonus, or a substantial reduction of other compensation and benefits, from that in effect immediately prior to the Change in Control; (b) the relocation of a Group 1 beneficiary's work place for...
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Found in
NortonLifeLock contract