Diminution of Responsibilities

Example Definitions of "Diminution of Responsibilities"
Diminution of Responsibilities. (a) a significant diminution in the nature or scope of Executive's authority, title, function or duties from Executive's authority, title, function or duties in effect immediately preceding any Change of Control; (b) a ten percent (10%) reduction in Executive's base salary or a twenty-five percent (25%) reduction in Executive's target bonus opportunity, if any, in effect immediately preceding any Change of Control (in either case, unless such reduction is part of a Company officer-wide program... to reduce expenses); (c) the Company's requiring Executive to be based at any office or location more than 50 miles from the office where Executive was employed immediately preceding the Change of Control; (d) any material breach of the terms of this Agreement by the Company; or (e) failure of any successor or assignee to the Company to assume this Agreement. View More
Found in CEPHEID contract
Diminution of Responsibilities. (a) a significant diminution in the nature or scope of Executive's authority, title, function or duties from Executive's authority, title, function or duties in effect immediately preceding any Change of Control; (b) a ten percent (10%) reduction in Executive's base salary or a twenty-five percent (25%) reduction in Executive's target bonus opportunity, if any, in effect immediately preceding any Change of Control (in either case, unless such reduction is part of a Company officer-wide program... to reduce expenses); (c) the Company's requiring Executive to be based at any office or location more than 50 miles from the office where Executive was employed immediately preceding the Change of Control; (d) any material breach of the terms of this Agreement by the Company; or (e) failure of any successor or assignee to the Company to assume this Agreement. Agreement; provided, however, that Executive shall provide notice to the Company within 90 days of the occurrence of a condition listed above constituting a Diminution of Responsibilities and allow the Company 30 days in which to cure such condition. View More
Found in CEPHEID contract
View Variation
Diminution of Responsibilities. (a) a reduction by the Company of Executive's duties, responsibilities, authority or reporting relationship such that Executive no longer serves in a substantive, senior executive role for the Company comparable in stature to Executive's current role, or no longer reports to the Chief Executive Officer of the Company; (b) a material reduction in Executive's base salary or the percentage of her base salary on which her target bonus is based, provided that a reduction in base salary that is the... result of a general reduction in salary in an amount similar to reductions for other similarly situated Company executives shall not constitute a "Diminution of Responsibilities"; (c) a material reduction in benefits (other than future option grants), provided that a reduction in benefits that is the result of a general reduction in benefits in an amount similar to reductions for other similarly situated Company employees shall not constitute a "Diminution of Responsibilities"; (d) the Company's requiring Executive to be based at any office or location more than 50 miles from the Company's offices in San Jose, California; or (e) a material breach by the Company of the terms of this Agreement or the offer letter to you from Steve Berkowitz dated March , 2013 (the "Letter"). View More
Found in MOVE INC contract
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