Involuntary Employment Action

Example Definitions of "Involuntary Employment Action"
Involuntary Employment Action. Shall mean any change in the terms and conditions of the Participant's employment with the Company or any successor, without cause (as defined herein), to such extent that: (1) the Participant shall fail to be vested with power, authority and resources analogous to the Participant's title and/or office prior to the Change in Control, or (2) the Participant shall lose any significant duties or responsibilities attending such office, or (3) there shall occur a reduction in the Participant's base... compensation, or (4) the Participant's employment with the Company, or its successor, is terminated without cause (as defined herein). View More
All Definitions