Demotion

Demotion. Shall mean a material reduction of the Employee's duties, position or responsibilities relative to the Employee's duties, position or responsibilities in effect immediately prior to such reduction, without the Employee's express written consent. Such reduction shall not be considered a "Demotion" unless (i) the Employee gives the Company written notice of such reduction within 90 days after such reduction occurs and (ii) the Company fails to remedy such reduction within 30 days after receiving... the Employee's written notice. View More

Demotion. Shall mean a material reduction of the Employee's duties, position or responsibilities relative to the Employee's duties, position or responsibilities in effect immediately prior to such reduction, without the Employee's express written consent.

Demotion. Shall mean, in relation to a Participant, his ceasing to be a Global Partner other than by reason of the termination of his employment with the Company or a Subsidiary;