Involuntarily Termination

Example Definitions of "Involuntarily Termination"
Involuntarily Termination. Termination of the employment of Employee without the Employee's express written consent, and shall include a material diminution of or interference with the Employee's duties, responsibilities and benefits as President and Chief Operating Officer of the Bank and Executive Vice President of the Company, including (without limitation) any of the following actions unless consented to in writing by the Employee: (1) a change in the principal workplace of the Employee to a location outside of a 30... mile radius from the Bank's headquarters office as of the date hereof, (2) a material demotion of the Employee; (3) a material reduction in the number or seniority of other Bank personnel reporting to the Employee or a material reduction in the frequency with which, or in the nature of the matters with respect to which, such personnel are to report to the Employee, other than as part of a Bank- or Company-wide reduction in staff, (4) a material adverse change in the Employee's salary, perquisites, benefits, contingent benefits or vacation, other than as part of an overall program applied uniformly and with equitable effect to all members of the senior management of the Bank or the Company; and (5) a material permanent increase in the required hours of work or the workload of the Employee. The term "Involuntary Termination" does not include Termination for Cause or termination of employment due to retirement, death, disability or suspension or temporary or permanent prohibition from participation in the conduct of the Bank's affairs under Section 8 of the Federal Deposit Insurance Act ("FDIA"). View More Arrow
Found in MUTUALFIRST FINANCIAL INC contract
View All 9 Variations
Involuntarily Termination. Termination of the employment of Employee without the Employee's his express written consent, and shall include a material diminution of or interference with the Employee's duties, responsibilities and benefits as President and Chief Operating Executive Officer of the Bank and Executive Vice President of the Company, Association, including (without limitation) any of the following actions unless consented to in writing by the Employee: (1) a change in the principal workplace of the Employee to... a location outside of a 30 mile radius from the Bank's Association's headquarters office as of the date hereof, hereof; (2) a material demotion of the Employee; (3) a material reduction in the number or seniority of other Bank Association personnel reporting to the Employee or a material reduction in the frequency with which, or in the nature of the matters with respect to which, which such personnel are to report to the Employee, other than as part of a Bank- Association- or Holding Company-wide reduction in staff, (4) staff; (3) a material adverse change in the Employee's salary, perquisites, benefits, contingent benefits or vacation, other than as part of an overall program applied uniformly and with equitable effect to all members of the senior management of the Bank Association or the Holding Company; and (5) (4) a material permanent increase in the required hours of work or the workload of the Employee; and (5) a material demotion of the Employee. The term "Involuntary Termination" does not include Termination for Cause or termination of employment due to retirement, death, disability or suspension or temporary or permanent prohibition from participation in the conduct of the Bank's Association's affairs under Section 8 of the Federal Deposit Insurance Act ("FDIA"). View More Arrow
Found in FIRST SECURITYFED FINANCIAL CORP contract
Involuntarily Termination. Termination of the employment of Employee without the Employee's his express written consent, and shall include a material diminution of or interference with the Employee's duties, responsibilities and benefits as President and Chief Operating Executive Officer of the Bank and Executive Vice President of the Company, Association, including (without limitation) any of the following actions unless consented to in writing by the Employee: (1) a change in the principal workplace of the Employee to... a location outside of a 30 mile radius from the Bank's Association's headquarters office as of the date hereof, Effective Date hereof; (2) a material demotion of the Employee; (3) a material reduction in the number or seniority of other Bank Association personnel reporting to the Employee or a material reduction in the frequency with which, or in the nature of the matters with respect to which, which such personnel are to report to the Employee, other than as part of a Bank- Association- or Holding Company-wide reduction in staff, (4) staff; (3) a material adverse change in the Employee's salary, bonus opportunity, perquisites, benefits, contingent benefits or vacation, other than as part of an overall program applied uniformly and with equitable effect to all members of the senior management of the Bank Association or the Holding Company; and (5) (4) a material permanent increase in the required hours of work or the workload of the Employee; and (5) a material demotion of the Employee. The term "Involuntary Termination" does not include Termination for Cause or termination of employment due to retirement, death, disability or suspension or temporary or permanent prohibition from participation in the conduct of the Bank's Association's affairs under Section 8 of the Federal Deposit Insurance Act ("FDIA"). View More Arrow
Found in FIRST SECURITYFED FINANCIAL CORP contract
Involuntarily Termination. Termination of the employment of Employee without the Employee's express written consent, and shall include a material diminution of or interference with the Employee's duties, responsibilities and benefits as Senior Vice President and Chief Operating Officer of the Bank and Executive Vice President of the Company, - Marion Region, including (without limitation) any of the following actions unless consented to in writing by the Employee: (1) a change in the principal workplace of the Employee... to a location outside of a 30 mile radius from the Bank's former Marion headquarters office as of the date hereof, office; (2) a material demotion of the Employee; (3) a material reduction in the number or seniority of other Bank personnel reporting to the Employee or a material reduction in the frequency with which, or in the nature of the matters with respect to which, such personnel are to report to the Employee, other than as part of a Marion Region-, Bank- or Company-wide reduction in staff, staff; (4) a material adverse change in the Employee's salary, perquisites, benefits, contingent benefits or vacation, other than as part of an overall program applied uniformly and with equitable effect to all members of the senior management of the Bank or the Company; and (5) a material permanent increase in the required hours of work or the workload of the Employee. The term "Involuntary Termination" does not include Termination for Cause or termination of employment due to retirement, death, disability or suspension or temporary or permanent prohibition from participation in the conduct of the Bank's affairs under Section 8 of the Federal Deposit Insurance Act ("FDIA"). View More Arrow
Found in MUTUALFIRST FINANCIAL INC contract
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