DEMOTION EVENT

DEMOTION EVENT. Shall include a demotion or relocation of Executive, a material chance in Executive's duties without Executive's consent, a reduction from the previous year in Executive's base salary without Executive's consent, or any action taken by the Company specifically to limit Executive's ability to earn a bonus comparable to his prior year's bonus. Notwithstanding the foregoing, the assignment of certain controller and treasury duties to a corporate controller who shall ... report to Executive shall not be considered a Demotion Event. View More