Diminution in Responsibility

Diminution in Responsibility. A material diminution in Employee's duties or responsibilities or the assignment to Employee of duties which are materially inconsistent with his duties as Executive Vice President, Sales and are not comparable in responsibility or which materially impair Employee's ability to function in his position; provided, however, that no Diminution in Responsibility shall be deemed to have occurred solely as a result of the consummation by the Company of a strategic corporate alliance, partnership or... joint venture (in whatever form) pursuant to which any substantial portion of the Company's marketing and sales activities, or research and development activities, or manufacturing activities come under the control of another company (and its affiliates) or any entity unaffiliated with the Company on the Commencement Date. View More

Diminution in Responsibility. (i) a material diminution in Executive's duties or responsibilities or the assignment to Executive of duties that are materially inconsistent with his duties as President and Chief Executive Officer of the Company or that materially impair Executive's ability to function in his position; (ii) the Company's failure, during the Employment Term, to cause the election of Executive to the Board; (iii) a relocation of the Company's principal offices, without Executive's acquiescence or consent, to a... location that is more than a 50 mile radius from its current location; (iv) any material reduction in the compensation and benefit opportunities of the Executive (measured in the aggregate); or (v) any breach by the Company of any material provision of this Agreement, provided that Executive has given the Company written notice of such breach and the Company has failed to cure such breach within a period that is reasonable under the circumstances View More