Constructively Terminated and Constructive Termination

Constructively Terminated and Constructive Termination. For purposes of this Agreement, a "Constructive Termination" shall mean: (i) substantial diminution of the Executive's duties or responsibilities as contemplated by Section 2(a) of this Agreement, excluding for this purpose an isolated, insubstantial and inadvertent action not taken in bad faith and which is remedied by the Company promptly after receipt of notice thereof given by the Executive; (ii) a reduction in the... Executive's Base Salary; (iii) a failure by the Company to comply with Section 3(b) regarding the Annual Bonus; (iv) a reduction in the Executive's other benefits or perquisites described in Section 3 unless the Executive's peer executives suffer a comparable reduction; (v) the Company's requiring the Executive to be based at any office or location other than as provided in Section 3(g) hereof; or (vi) any purported termination by the Company of the Executive's employment otherwise than for Cause. View More