Constructive Termination
Constructive Termination. Means: (a) a material reduction, other than a reduction in pay uniformly applicable to all officers of the Company, in the amount of a Covered Executive's Base Compensation; and (b) a contemporaneous, material diminution in a Covered Executive's authority, duties or responsibilities. No event or condition shall constitute a Constructive Termination hereunder unless: (i) a Covered Executive provides to the Committee written notice of his or her objection to such event not later than 60 days...
View More
Constructive Termination. Means a termination of employment by the Executive for Good Reason; provided, that, "Constructive Termination" shall not include any termination of the employment of the Executive (i) by the Company for Cause, (ii) as a result of the Permanent Disability of the Executive, (iii) as a result of the death of the Executive or (iv) as a result of the voluntary termination of employment by the Executive for reasons other than Good Reason.
Constructive Termination. Means a termination of employment by the Executive for Good Reason; provided, that, "Constructive Termination" shall not include any termination of the employment of the Executive (i) by the Company for Cause, (ii) as a result of the Permanent Disability of the Executive, (iii) as a result of the death of the Executive or (iv) as a result of the voluntary termination of employment by the Executive for reasons other than Good Reason. For the avoidance of doubt, (A) if the Executive is offered...
View More
Constructive Termination. For purposes of this Agreement, "Constructive Termination" means you terminate your employment for Good Reason.
Found in
ServiceNow contract
Constructive Termination. Means Executive's resignation from employment with the Company after the occurrence, without Executive's written consent, of any of the following: (i) a material reduction by the Company in the base salary of the Executive as in effect immediately prior to such reduction; (ii) a material breach by the Company of this Agreement or any offer letter or employment agreement between Executive and the Company; (iii) the material relocation of Executive's principal place of employment to a facility or...
View More
Found in
ELLIE MAE INC contract
Constructive Termination. Executive's voluntary resignation following any of the following events: (i) a change in Executive's position with the Company or the successor thereto which materially reduces Executive's level of responsibility; (ii) a reduction in Executive's level of compensation (including base salary, significant fringe benefits or any non-discretionary and objective-standard incentive payment or bonus award) by more than ten percent (10%) in the aggregate; or (iii) a relocation of Executive's place of...
View More
Found in
CEPHALON INC contract
Constructive Termination. Executive's voluntary termination of employment with the Company as a result of: (1) a material diminution in Executive's title, authority, duties or responsibilities, or a change in Executive's supervisory reporting relationship within the Company; (2) a change, caused by the Company, in geographic location greater than 50 miles of the location at which Executive primarily performs services for the Company on the Effective Date; or (3) a material reduction in Executive's base pay or incentive...
View More
Found in
FBI WIND DOWN, INC. contract
Constructive Termination. Means the following events or conditions: (i) the Employer’s material breach of this Agreement including, without limitation, the failure of the Employer to pay Base Salary or, subject to achievement of targets determined by the Board in accordance with Section 5(b), Annual Bonus or provide any material benefits that the Employer is obligated to pay or provide pursuant hereto, and the continuance of such breach for a period of fifteen days after written notice to the Employer; and (ii) if the...
View More
All Definitions
Found in
Dollarama Group L.P. contract