Event of Constructive Termination

Example Definitions of "Event of Constructive Termination"
Event of Constructive Termination. (a) a relocation of the Executive's principal workplace to a location more than 50 miles from the location of such workplace on the date of this Agreement; (b) any material diminution in the Executive's authority or responsibilities, the assignment to the Executive of duties or responsibilities inappropriate to the office of [specify title] or a change in the Executive's reporting relationship such that the Executive reports to an officer other than [the Board of Directors/Chief Executive... Officer of the Company]; or (c) any reduction in the Executive's compensation or any material reduction in any fringe benefit or perquisite available to the Executive (excluding any changes to broad-based employee benefit plans resulting from the change of control and affecting employees of the Company generally). View More Arrow
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