Involuntary Termination

Example Definitions of "Involuntary Termination"
Involuntary Termination. Shall mean (i) without the Employee's express written consent, a significant reduction of the Employee's duties, position or responsibilities relative to the Employee's duties, position or responsibilities in effect immediately prior to such reduction, or the removal of the Employee from such position, duties and responsibilities, unless the Employee is provided with comparable duties, position and responsibilities; (ii) without the Employee's express written consent, a substantial reduction,... without good business reasons, of the facilities and perquisites (including office space and location) available to the Employee immediately prior to such reduction; (iii) a reduction by the Company of the Employee's base salary or target bonus as in effect immediately prior to such reduction; (iv) a material reduction by the Company in the kind or level of employee benefits to which the Employee is entitled immediately prior to such reduction with the result that the Employee's overall benefits package is significantly reduced; (v) without the Employee's express written consent, the relocation of the Employee to a facility or a location more than thirty-five (35) miles from his current location; (vi) any purported termination of the Employee by the Company which is not effected for Cause or for which the grounds relied upon are not valid; or (vii) the failure of the Company to obtain the assumption of this Agreement by any successors contemplated in Section 6 below. View More Arrow
Found in ABGENIX INC contract
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Involuntary Termination. Shall mean mean: (i) without the Employee's Executive's express written consent, a significant material reduction in Executive's title, authority, duties or responsibilities or a material reduction in the title, authority, duties, or responsibilities of the Employee's duties, position or responsibilities relative supervisor to whom the Employee's duties, position or responsibilities in effect immediately prior service provider is required to such reduction, or the removal of the Employee from... such position, duties and responsibilities, unless the Employee is provided with comparable duties, position and responsibilities; report (ii) without the Employee's Executive's express written consent, a substantial reduction, without good business reasons, of the facilities and perquisites (including office space and location) available to the Employee immediately prior to such reduction; (iii) a reduction by the Company of the Employee's Executive's base salary or target bonus as in effect immediately prior to such reduction; (iv) a material reduction by the Company in the kind or level compensation of employee benefits to which the Employee is entitled immediately prior to more than ten percent (10%), unless such reduction with in base compensation is part of a general reduction in compensation applicable to senior executives of the result that the Employee's overall benefits package is significantly reduced; (v) Company; (iii) without the Employee's Executive's express written consent, the relocation of the Employee Executive's principal place of employment to a facility or a location more than thirty-five (35) fifty (50) miles from his its then current location; (vi) (iv) any purported termination of the Employee Executive by the Company which is not effected for Cause Cause; or for which the grounds relied upon are not valid; or (vii) (v) the failure of the Company to obtain the assumption of this Agreement or any other agreement between the Company and Executive by any successors contemplated in Section 6 7 below. A termination shall not be considered an "Involuntary Termination" unless Executive provides notice to the Company of the existence of the condition described in subsections (i), (ii), (iii) or (v) above within ninety (90) days of the initial existence of such condition, the Company fails to remedy the condition within thirty (30) days following the receipt of such notice, and Executive terminates employment within one-hundred eighty (180) days following the initial existence of such condition. A termination due to death or disability shall not be considered an Involuntary Termination. View More Arrow
Found in INPHI Corp contract
Involuntary Termination. Shall mean (i) without the Employee's express written consent, a the significant reduction of the Employee's duties, position authority or responsibilities responsibilities, relative to the Employee's duties, position authority or responsibilities as in effect immediately prior to such reduction, or the removal assignment to Employee of such reduced duties, authority or responsibilities, except to the extent provided in the last paragraph of Section 5(a); provided, however, that so long as... Employee remains the Vice President, General Counsel and Secretary of the Employee from Companies (or, to the extent provided in the last paragraph of Section 5(a), either Company), or, following a Change of Control of either or both of the Companies, whatever entity or entities substantially contains the Companies' business, in either case with the duties, authority and responsibilities that are commensurate with such position, duties then Employee shall have no grounds for an Involuntary Termination pursuant to this Section 9(f)(i) or 9(f)(viii); provided, further, that if Employee reports to someone other than the CEOs of the Companies, that shall not in and responsibilities, unless the Employee is provided with comparable duties, position and responsibilities; of itself constitute grounds for an Involuntary Termination pursuant to this Section 9(f)(i) or 9(f)(viii); (ii) without the Employee's express written consent, a substantial reduction, without good business reasons, of the facilities and perquisites (including office space and location) available to the Employee immediately prior to such reduction; (iii) a reduction by in the Company of the Employee's base salary or target bonus Target Bonus of the Employee as in effect immediately prior to such reduction; (iv) a material reduction by the Company in the kind or level of employee benefits to which the Employee is was entitled immediately prior to such reduction with the result that the Employee's overall benefits package is significantly reduced; (v) without the Employee's express written consent, the relocation of the Employee to a facility or a location more than thirty-five (35) fifty miles from his current location; the Employee's then present location, without the Employee's express written consent; (vi) any purported termination of the Employee by either of the Company which Companies that is not effected for Cause Disability or for Cause, or, during the Change of Control Period only, any purported termination for which the grounds relied upon are not valid; or (vii) the failure of either of the Company Companies to obtain the assumption of this Agreement by any successors contemplated in Section 6 below. 10(a) below; or (viii) during the Change of Control Period only, any act or set of facts or circumstances that would, under North Carolina case law or statute constitute a constructive termination of the Employee. However, with respect to any non-Change of Control Severance Termination, an Involuntary Termination shall not be deemed to have occurred unless Employee provides written notice to the Companies describing the nature of the event that he believes forms the basis for Involuntary Termination and the Companies do not cure such event within ten (10) days following receipt of such notice. View More Arrow
Found in ACORN ENERGY, INC. contract
Involuntary Termination. Shall mean (i) without the Employee's Executive's express written consent, consent any of the following, (i) a significant reduction of the Employee's Executive's duties, position or responsibilities relative to the Employee's Executive's duties, position or responsibilities in effect immediately prior to such reduction, or the removal of the Employee Executive from such position, duties and responsibilities, unless the Employee is provided with comparable duties, position and responsibilities;... (ii) without the Employee's express written consent, a substantial reduction, without good business reasons, reduction of the facilities and perquisites (including (including, but not limited to, office space and location) available to the Employee Executive immediately prior to such reduction; reduction, excluding similar reductions applicable to the entire executive staff; (iii) a reduction by the Company of the Employee's Executive's base salary or target bonus as in effect immediately prior to such reduction; (iv) a material reduction by the Company in the kind or level of employee benefits to which the Employee Executive is entitled immediately prior to such reduction with the result that the Employee's Executive's overall benefits package is significantly reduced; (v) without the Employee's express Executive's written consent, the relocation of the Employee Executive to a facility or a location more than thirty-five (35) twenty-five (25) miles from his the Company's then current location; (vi) a material breach by the Company of this Agreement or any purported other material agreement of the Company that is not corrected within fifteen (15) days after written notice from the Executive; (vii) any termination of the Employee Executive by the Company which is not effected for Cause or any purported termination of the Executive by the Company which is effected for Cause but for which the grounds relied upon are not valid; or (vii) (viii) the failure of the Company to obtain the assumption of this Agreement by any successors contemplated in Section 6 7 below. View More Arrow
Found in IMAGEWARE SYSTEMS INC contract
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Involuntary Termination. The termination of the employment of Employee (i) by either the Company or the Savings Bank or both without the Employee's express written consent; or (ii) by the Employee by reason of a material diminution of or interference with his duties, responsibilities or benefits, including (without limitation) any of the following actions unless consented to in writing by the Employee: (1) a requirement that the Employee be based at any place other than Nampa, Idaho, or within a radius of 35 miles from... the location of the Company's administrative offices as of the Effective Date, except for reasonable travel on Company or Savings Bank business; (2) a material demotion of the Employee; (3) a material reduction in the number or seniority of 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 Savings Bank- or Company-wide reduction in staff; (4) a reduction in the Employee's salary or a material adverse change in the Employee's 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 Savings Bank or the Company; (5) a material permanent increase in the required hours of work or the workload of the Employee; or (6) the failure of the board of directors of the Company (or a board of directors of a successor of the Company) to elect him as President and Chief Executive Officer of the Company (or a successor of the Company) or any action by the board of directors of the Company (or a board of directors of a successor of the Company) removing him from such office, or the failure of the board of directors of the Savings Bank (or any successor of the Savings Bank) to elect him as President and Chief Executive Officer of the Savings Bank (or any successor of the Savings Bank) or any action by such board (or a board of a successor of the Savings Bank) removing him from such office. The term "Involuntary Termination" does not include Termination for Cause, termination of employment due to death or permanent disability pursuant to Section 7(f) of this Agreement, retirement or suspension or temporary or permanent prohibition from participation in the conduct of the Savings Bank's affairs under Section 8 of the Federal Deposit Insurance Act ("FDIA"). View More Arrow
Found in Home Federal Bancorp, Inc. contract
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Involuntary Termination. The termination of the employment of Employee (i) by either the Company or the Savings Bank or both Bank, without the Employee's express written consent; or (ii) by the Employee by reason of a material diminution of or interference with his duties, responsibilities or benefits, including (without limitation) any of the following actions unless consented to in writing by the Employee: (1) a requirement that the Employee be based at any place other than Nampa, Idaho, Plano, Texas, or within a... radius of 35 miles from the location of the Company's Bank's administrative offices as of the Effective Commencement Date, except for reasonable travel on Company or Savings Bank business; (2) a material demotion of the Employee; (3) a material reduction in the number or seniority of 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 Savings Bank- or Company-wide Bank-wide reduction in staff; and (4) a reduction in the Employee's salary or a material adverse change in the Employee's perquisites, benefits, contingent benefits or vacation, salary, other than as part of an overall program applied uniformly and with equitable effect to all members of the senior management of the Savings Bank or the Company; (5) a material permanent increase in the required hours of work or the workload of the Employee; or (6) the failure of the board of directors of the Company (or a board of directors of a successor of the Company) to elect him as President and Chief Executive Officer of the Company (or a successor of the Company) or any action by the board of directors of the Company (or a board of directors of a successor of the Company) removing him from such office, or the failure of the board of directors of the Savings Bank (or any successor of the Savings Bank) to elect him as President and Chief Executive Officer of the Savings Bank (or any successor of the Savings Bank) or any action by such board (or a board of a successor of the Savings Bank) removing him from such office. Bank. The term "Involuntary Termination" does not include Termination for Cause, termination of employment due to death or permanent disability pursuant to Section 7(f) of this Agreement, retirement retirement, death, disability, or suspension or temporary or permanent prohibition from participation in the conduct of the Savings Bank's affairs under Section 8 of the Federal Deposit Insurance Act ("FDIA"). Act. View More Arrow
Found in LegacyTexas Financial Group, Inc. contract
Involuntary Termination. The termination of the employment of Employee (i) by either the Company or the Savings Bank or both Shall mean Separation from Service other than for Cause without the Employee's Executive's express written consent; or (ii) by the Employee by reason of consent and voluntary resignation due to a material diminution of or interference with his the Executive's duties, responsibilities or benefits, and benefits as Chief Executive Officer of the Bank, including (without limitation) any of the... following actions unless consented to in writing by the Employee: (1) Executive: (i) a requirement that change in the Employee be based at any place other than Nampa, Idaho, or within principal workplace of the Executive to a location outside of a 30 mile radius of 35 miles from the location of the Company's administrative offices Executive's principal workplace as of the Effective Date, except for reasonable travel on Company or Savings Bank business; (2) date hereof; (ii) a material demotion of the Employee; (3) Executive; (iii) a material reduction in the number or seniority of other personnel reporting to the Employee Executive or a material reduction in the frequency with which, or in on the nature of the matters with respect to which which, such personnel are to report to the Employee, Executive, other than as part of a Savings Bank- or Company-wide an institution-wide reduction in staff; (4) a reduction in the Employee's salary or (iv) a material adverse change in the Employee's Executive'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 Savings Bank or the Company; (5) Bank; and (v) a material permanent increase in the required hours of work or the workload of the Employee; or (6) Executive; provided that the failure Executive has notified the Bank of the board existence of directors such a condition no later than 90 days after the initial existence of such condition and the Company (or a board of directors of a successor of the Company) Bank has at least 30 days to elect him as President and Chief Executive Officer of the Company (or a successor of the Company) or any action by the board of directors of the Company (or a board of directors of a successor of the Company) removing him from cure such office, or the failure of the board of directors of the Savings Bank (or any successor of the Savings Bank) to elect him as President and Chief Executive Officer of the Savings Bank (or any successor of the Savings Bank) or any action by such board (or a board of a successor of the Savings Bank) removing him from such office. condition. The term "Involuntary Termination" does not include Termination termination for Cause, Cause or termination of employment due to death or permanent disability pursuant to Section 7(f) of this Agreement, retirement retirement, death, Disability or suspension or temporary or permanent prohibition from participation in the conduct of the Savings Bank's affairs under Section 8 of the Federal Deposit Insurance Act ("FDIA"). Act. View More Arrow
Found in Atlantic Coast Financial CORP contract
Involuntary Termination. The termination of the employment of Employee (i) by either the Company or the Savings Bank or both Bank, without the Employee's express written consent; or (ii) by the Employee by reason of a material diminution of or interference with his duties, responsibilities or benefits, including (without limitation) if the termination of 2 employment is within 30 days of any of the following actions unless consented to in writing by the Employee: (1) a requirement that the Employee be based at any... place other than Nampa, Idaho, or within a radius of 35 miles from the location of the Company's Savings Bank's administrative offices as of the Effective Commencement Date, except for reasonable travel on Company or Savings Bank business; (2) a material demotion of the Employee; (3) a material reduction in the number or seniority of 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 Savings Bank- or Company-wide reduction in staff; (4) a reduction in the Employee's salary or a material adverse change in the Employee's 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 Savings Bank or the Company; Bank; (5) a material permanent increase in the required hours of work or the workload of the Employee; or (6) the failure any purported termination of the board Employee's employment, except for Termination for Cause (and, if applicable, the requirements of directors Section 1(0 hereof), which purported termination shall not be effective for purposes of the Company (or a board of directors of a successor of the Company) to elect him as President and Chief Executive Officer of the Company (or a successor of the Company) or any action by the board of directors of the Company (or a board of directors of a successor of the Company) removing him from such office, or the failure of the board of directors of the Savings Bank (or any successor of the Savings Bank) to elect him as President and Chief Executive Officer of the Savings Bank (or any successor of the Savings Bank) or any action by such board (or a board of a successor of the Savings Bank) removing him from such office. this Agreement. The term "Involuntary Termination" does not include Termination for Cause, termination of employment due to death or permanent disability pursuant to Section 7(f) of this Agreement, retirement or suspension or temporary or permanent prohibition from participation in the conduct of the Savings Bank's affairs under Section 8 of the Federal Deposit Insurance Act ("FDIA"). View More Arrow
Found in Home Federal Bancorp, Inc. contract
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Involuntary Termination. Shall include any termination by the Company other than for Cause and the Employee's voluntary termination, upon 30 days prior written notice to the Company, following (i) a material reduction or change in job duties, responsibilities and requirements inconsistent with the Employee's position with the Company and the Employee's prior duties, responsibilities and requirements; (ii) any reduction of the Employee's base compensation (other than in connection with a general decrease in base... salaries for most similarly situated employees of the successor corporation); or (iii) the Employee's refusal to relocate to a location more than 50 miles from the Company's current location. View More Arrow
Found in KERAVISION INC contract
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Involuntary Termination. Shall include any termination by the Company other than for Cause and the Employee's voluntary termination, upon 30 days prior written notice to the Company, following (i) a material reduction or change in job duties, responsibilities and requirements inconsistent with the Employee's position with the Company and the Employee's prior duties, responsibilities and requirements; requirements as in effect immediately prior to the Change of Control; (ii) any reduction of the Employee's base... compensation (other than in connection with a general decrease in base salaries for most similarly situated employees of the successor corporation); or target bonus; or (iii) the Employee's refusal to relocate to a facility or location more than 50 miles from the Company's current location. View More Arrow
Found in Integrated Device Technology contract
Involuntary Termination. Shall include mean: (i) any termination by the Company other than for Cause and the Cause; (ii) Employee's voluntary termination, upon 30 days prior written notice to the Company, termination following (i) a material reduction or change in job duties, responsibilities responsibilities, and requirements inconsistent with the Employee's position with the Company and the Employee's prior duties, responsibilities responsibilities, and requirements; (ii) requirements, or a change in the level of... management to which the Employee reports; (iii) any reduction of the Employee's base compensation (other than in connection with a general decrease in base salaries for most similarly situated employees officers of the successor corporation); or (iii) the (iv) Employee's refusal to relocate to a facility or location more than 50 15 miles from the Company's current location. View More Arrow
Found in DYNAVAX TECHNOLOGIES CORP contract
Involuntary Termination. Shall include any termination by the Company other than for Cause and the Employee's voluntary termination, upon 30 days prior written notice to the Company, following (i) a material reduction or change in job duties, responsibilities and requirements inconsistent with the Employee's position with the Company and the Employee's prior duties, responsibilities and requirements; requirements or a change in Employee's reporting relationship such that Employee is no longer reporting to the Board;... (ii) any reduction of the Employee's base compensation (other than in connection with a general decrease in base salaries for most similarly situated employees officers of the successor corporation); or (iii) the Employee's refusal to relocate to a facility or location more than 50 30 miles from the Company's current location. View More Arrow
Found in SIMPLEX SOLUTIONS INC contract
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Involuntary Termination. Means: (i) termination of the Executive's employment by the Company for any reason other than Cause; (ii) a material reduction in the Executive's salary, other than any such reduction which is part of, and generally consistent with, a general reduction of officer salaries; (iii) a material reduction by the Company in the kind or level of employee benefits (other than salary and bonus) to which the Executive is entitled immediately prior to such reduction with the result that the Executive's... overall benefits package (other than salary and bonus) is substantially reduced (other than any such reduction applicable to officers of the Company generally); (iv) any material breach by the Company of any material provision of this Agreement which continues uncured for thirty (30) days following notice thereof; or (v) a material reduction in the Executive's titles, duties, responsibilities, or authority; provided that none of the foregoing shall constitute Involuntary Termination to the extent the Executive has agreed thereto. Any purported Involuntary Termination pursuant to Section 6(d)(ii) through 6(d)(v) will not be effective until the Executive has delivered to the Company a written explanation which describes the basis for the Executive's belief that the Executive should be permitted to terminate his employment and have it treated as an Involuntary Termination and the Company has been given thirty (30) days to cure any curable violation. View More Arrow
Found in COST PLUS INC contract
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Involuntary Termination. Means: (i) termination of the Executive's employment by the Company for any reason other than Cause; (ii) a material reduction in the Executive's salary, other than any such reduction which is part of, and generally consistent with, a general reduction of officer salaries; (iii) a material reduction by the Company in the kind or level of employee benefits (other than salary and bonus) to which the Executive is entitled immediately prior to such reduction with the result that the Executive's... overall benefits package (other than salary and bonus) is substantially reduced (other than any such reduction applicable to officers of the Company generally); (iv) any material breach by the Company of any material provision of this Agreement which continues uncured for thirty (30) days following notice thereof; or (v) (iv) a material reduction in the Executive's titles, duties, responsibilities, responsibilities or authority; -5- provided that none of the foregoing shall constitute Involuntary Termination to the extent the Executive has agreed thereto. Any purported Involuntary Termination pursuant to Section 6(d)(ii) through 6(d)(v) will not be effective until the Executive has delivered to the Company Company, within sixty (60) days of the initial existence of the Involuntary Termination condition, a written explanation which describes the basis for the Executive's belief that the Executive should be permitted to terminate his employment and have it treated as an Involuntary Termination and the Company has been given thirty (30) days following delivery of such notice to cure any curable violation. View More Arrow
Found in COST PLUS INC contract
Involuntary Termination. Means: (i) termination of the Executive's employment by the Company for any reason other than Cause; (ii) a material reduction in the Executive's salary, other than any such reduction which is part of, and generally consistent with, a general reduction of officer salaries; (iii) a material reduction by the Company in the kind or level of employee benefits (other than salary and bonus) to which the Executive is entitled immediately prior to such reduction with the result that the Executive's... overall benefits package (other than salary and bonus) is substantially reduced (other than any such reduction applicable to officers of the Company generally); (iv) any material breach by the Company of any material provision of this Agreement which continues uncured for thirty (30) days following notice thereof; or (v) (iv) a material reduction in the Executive's titles, duties, responsibilities, responsibilities or authority; -5- provided that none of the foregoing shall constitute Involuntary Termination to the extent the Executive has agreed thereto. Any purported Involuntary Termination pursuant to Section 6(d)(ii) through 6(d)(v) will not be effective until the Executive has delivered to the Company Company, within sixty (60) days of the initial existence of the Involuntary Termination condition, a written explanation which describes the basis for the Executive's belief that the Executive should be permitted to terminate his the Executive's employment and have it treated as an Involuntary Termination and the Company has been given thirty (30) days following delivery of such notice to cure any curable violation. View More Arrow
Found in COST PLUS INC contract
Involuntary Termination. Means: (i) termination of the Executive's employment by the Company for any reason other than Cause; (ii) a material reduction in the Executive's salary, other than any such reduction which is part of, and generally consistent with, a general reduction of officer salaries; (iii) a material reduction by the Company in the kind or level of employee benefits (other than salary and bonus) to which the Executive is entitled immediately prior to such reduction with the result that the Executive's... overall benefits package (other than salary and bonus) is substantially reduced (other than any such reduction applicable to officers of the Company generally); (iv) any material breach by the Company of any material provision of this Agreement which continues uncured for thirty (30) days following notice thereof; or (v) (iv) a material reduction in the Executive's titles, duties, responsibilities, or authority; -5- provided that none of the foregoing shall constitute Involuntary Termination to the extent the Executive has agreed thereto. Any purported Involuntary Termination pursuant to Section 6(d)(ii) through 6(d)(v) will not be effective until the Executive has delivered to the Company Company, within sixty (60) days of the initial existence of the Involuntary Termination condition, a written explanation which describes the basis for the Executive's belief that the Executive should be permitted to terminate his employment and have it treated as an Involuntary Termination and the Company has been given thirty (30) days following delivery of such notice to cure any curable violation. View More Arrow
Found in COST PLUS INC contract
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Involuntary Termination. Shall mean any termination of Executive's employment with the Company which: (i) does not result from a resignation by Executive (other than a resignation pursuant to clause (ii) of this subparagraph (f)); or (ii) results from a resignation by Executive on or before the date which is sixty days after the date upon which Executive receives notice of a Change in Duties; provided, however, the term "Involuntary Termination" shall not include a Termination for... Cause or any termination as a result of death, Disability, or Retirement. View More Arrow
Found in SABINE OIL & GAS CORP contract
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Involuntary Termination. Shall mean any termination of Executive's employment with the Company which: (i) does not result from a resignation by Executive (other than a resignation pursuant to clause (ii) of this subparagraph (f)); (i)); or (ii) results from a resignation by Executive on or before the date which is sixty days after the date upon which Executive receives notice of or otherwise becomes subject to a Change in Duties; provided, however, the term "Involuntary Termination" shall not include a Termination for... Cause or any termination as a result of death, Disability, or Retirement. View More Arrow
Found in Lone Pine Resources Inc. contract
Involuntary Termination. Shall mean any termination of Executive's Employee's employment with the Company which: (i) does not result from a resignation by Executive Employee (other than a resignation pursuant to clause (ii) of this subparagraph (f)); (i)); or (ii) results from a resignation by Executive Employee on or before the date which is sixty days after the date upon which Executive Employee receives notice of or otherwise becomes subject to a Change in Duties; provided, however, the term "Involuntary... Termination" shall not include a Termination for Cause or any termination as a result of death, Disability, or Retirement. View More Arrow
Found in Lone Pine Resources Inc. contract
Involuntary Termination. Shall mean any termination of Executive's employment with the Company which: (i) does not result from a resignation by Executive (other than a resignation pursuant to clause (ii) of this subparagraph (f)); or (ii) results from a resignation by Executive within two years after the date upon which a Change of Control occurs and is on or before the date which is sixty days after the date upon which Executive receives notice of a Change in Duties; provided, however, the term "Involuntary... Termination" shall not include a Termination for Cause or any termination as a result of death, Disability, or Retirement. View More Arrow
Found in SEABULK INTERNATIONAL INC contract
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Involuntary Termination. The termination of Executive's employment by the Executive which, in the sole judgment of the Executive, is due to (i) a change of the Executive's responsibilities, position (including status as Executive Vice President Finance of the Company, its successor or ultimate parent entity, office, title, reporting relationships or working conditions), authority or duties (including changes resulting from the assignment to the Executive of any duties inconsistent with Executive's positions, duties or... responsibilities as in effect immediately prior to the Change in Control); or (ii) a change in the terms or status (including the rolling five year termination date) of this Agreement; or (iii) a reduction in the Executive's compensation or benefits; or (iv) a forced relocation of the Executive outside the Greenville, South Carolina metropolitan area; or (v) a significant increase in the Executive's travel requirements (collectively "Status Changes"); provided, however, Executive must elect to terminate Executive's employment within two (2) years of the Status Change on which Executive bases Executive's employment termination. View More Arrow
Found in SOUTH FINANCIAL GROUP INC contract
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Involuntary Termination. The termination of Executive's employment by the Executive which, in the sole judgment of the Executive, is due to (i) a change (other than a clearly immaterial change) of the Executive's responsibilities, position (including status as Executive Vice President Finance of Operations of the Company, its successor or ultimate parent entity, office, title, reporting relationships or working conditions), authority or duties (including changes resulting from the assignment to the Executive of any... duties inconsistent with Executive's positions, duties or responsibilities as in effect immediately prior to the a Change in Control); or (ii) a change (other than a clearly immaterial change) in the terms or status (including the rolling five one year termination date) of this Agreement; or (iii) a reduction (other than a clearly immaterial reduction) in the Executive's compensation or benefits; or (iv) a forced relocation of the Executive outside the Greenville, South Carolina metropolitan Greenville-Spartanburg area; or (v) a significant increase in the Executive's travel requirements (collectively "Status Changes"); provided, however, Executive must elect to terminate Executive's employment within two (2) years of the Status Change on which Executive bases Executive's employment termination. View More Arrow
Found in SPAN AMERICA MEDICAL SYSTEMS INC contract
Involuntary Termination. The Shall mean the termination of Executive's employment by the Executive following a Change in Control which, in the sole reasonable judgment of the Executive, is due to (i) a change of the Executive's responsibilities, position (including status as Executive Vice President Finance of the Company, (Insert Position), its successor or ultimate parent entity, office, title, reporting relationships or working conditions), conditions) authority or duties (including changes resulting from the... assignment to the Executive of any duties inconsistent with Executive's his positions, duties or responsibilities as in effect immediately prior to the Change in Control); or (ii) a change in the terms or status (including the rolling five two year termination date) of this Agreement; or (iii) a reduction in the Executive's compensation or benefits; or (iv) a forced relocation of the Executive outside the Greenville, South Carolina Greenville metropolitan area; or (v) a significant increase in the Executive's travel requirements (collectively "Status Changes"); provided, however, Executive must elect to terminate Executive's employment within two (2) years of the Status Change on which Executive bases Executive's employment termination. requirements. View More Arrow
Found in RYANS RESTAURANT GROUP INC contract
Involuntary Termination. The Shall mean the termination of Executive's employment by the Executive which, in the sole judgment of the Executive, is due to (i) a change (other than a clearly immaterial change) of the Executive's responsibilities, position (including status as Executive Vice President Finance of Custom Products of the Company, its successor or ultimate parent entity, office, title, reporting relationships or working conditions), authority or duties (including changes resulting from the assignment to the... Executive of any duties inconsistent with Executive's positions, duties or responsibilities as in effect immediately prior to the a Change in Control); or (ii) a change (other than a clearly immaterial change) in the terms or status (including the rolling five two year termination date) of this Agreement; or (iii) a reduction (other than a clearly immaterial reduction) in the Executive's compensation or benefits; or (iv) a forced relocation of the Executive outside the Greenville, South Carolina metropolitan Greenville-Spartanburg area; or (v) a significant increase in the Executive's travel requirements (collectively "Status Changes"); provided, however, Executive must elect to terminate Executive's employment within two (2) years of the Status Change on which Executive bases Executive's employment termination. View More Arrow
Found in SPAN AMERICA MEDICAL SYSTEMS INC contract
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Involuntary Termination. A termination of your employment with the Company pursuant to either (i) a termination initiated by the Company without Cause, (ii) your resignation for Good Reason or (iii) due to "Redundancy" which shall mean the elimination by the Board of your role or position in the Company, and provided in any case (i), (ii) or (iii) such termination constitutes a Separation from Service. An Involuntary Termination does not include any other termination of your employment, including a termination due to... your death or disability View More Arrow
Found in Mirati Therapeutics, Inc. contract
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Involuntary Termination. A For purposes of this Agreement, "Involuntary Termination" means a termination of your employment with the Company pursuant to either (i) a termination initiated by the Company without Cause, or (ii) your resignation for Good Reason or (iii) due to "Redundancy" which shall mean the elimination by the Board of your role or position in the Company, Reason, and provided in any either case (i), (ii) or (iii) such termination constitutes a Separation from Service. An Involuntary Termination does... not include any other termination of your employment, including a termination due to your death or disability Disability. View More Arrow
Found in Longboard Pharmaceuticals, Inc. contract
Involuntary Termination. A For purposes of this Agreement, "Involuntary Termination" means a termination of your employment with the Company pursuant to either (i) a termination initiated by the Company without Cause, or (ii) your resignation for Good Reason or (iii) due to "Redundancy" which shall mean the elimination by the Board of your role or position in the Company, Reason, and provided in any either case (i), (ii) or (iii) such termination constitutes a Separation from Service. An Involuntary Termination does... not include any other termination of your employment, including a termination due to your death or disability disability. View More Arrow
Found in Design Therapeutics, Inc. contract
Involuntary Termination. A For purposes of this Agreement, "Involuntary Termination" means a termination of your employment with the Company pursuant to either (i) a termination initiated by the Company without Cause, or (ii) your resignation for Good Reason or (iii) due to "Redundancy" which shall mean the elimination by the Board of your role or position in the Company, Reason, and provided in any either case (i), (ii) or (iii) such termination constitutes a Separation from Service. An Involuntary Termination does... not include any other termination of your employment, including a termination due to your death or disability disability. View More Arrow
Found in Design Therapeutics, Inc. contract
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Involuntary Termination. Shall mean (a) the termination of your employment by the Company other than for Cause, Death, Disability under the Company's Long Term Disability Plan, or retirement under the Company's Retirement Plan or (b) the resignation of your employment by you for Good Reason.
Found in GRAND UNION CO contract
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Involuntary Termination. Shall mean (a) the termination of your employment by the Company other than for Cause, Death, Disability under the Company's Long Term Disability Plan, (as defined in your Employment Agreement), or retirement under the Company's Retirement Plan or (b) the resignation of your employment by you for Good Reason.
Found in GRAND UNION CO contract
Involuntary Termination. Shall mean (a) the termination of your employment by the Company other than for Cause, Death, Disability under the Company's Long Term Disability Plan, as defined in your Employment Agreement, or retirement under the Company's Retirement Plan or (b) the resignation of your employment by you for Good Reason.
Found in GRAND UNION CO contract
Involuntary Termination. Shall mean (a) the termination of your employment by the Company other than for Cause, Death, Disability under the Company's Long Term Disability Plan, as defined in your Employment Agreement, or retirement under the Company's Retirement Plan or (b) the resignation of your employment by you for Good Reason.
Found in GRAND UNION CO contract
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Involuntary Termination. Termination of a Participant's Continuous Service Status under the following circumstances: (i) termination without Cause by the Company or a Subsidiary, Parent, Affiliate or successor thereto, as appropriate; or (ii) voluntary termination by the Participant within 30 days following (A) a material reduction in the Participant's job responsibilities, provided that neither a mere change in title alone nor reassignment following a Change of Control to a position that is substantially similar to... the position held prior to the Change of Control shall constitute a material reduction in job responsibilities; (B) relocation by the Company or a Subsidiary, Parent, Affiliate or successor thereto, as appropriate, of the Participant's work site to a facility or location more than 50 miles from the Participant's principal work site for the Company at the time of the Change of Control; or (C) a reduction in Participant's then-current base salary by at least 10%, provided that an across-the-board reduction in the salary level of all other employees or consultants in positions similar to the Participant's by the same percentage amount as part of a general salary level reduction shall not constitute such a salary reduction View More Arrow
Found in Synacor, Inc. contract
Involuntary Termination. Termination Means (unless another definition is provided in the applicable Option Agreement, Restricted Stock Purchase Agreement, employment agreement or other applicable written agreement) the termination of a Participant's Continuous Service Status as an Employee, Director or Consultant under the following circumstances: (i) termination without other than for death or Disability or other than for Cause by the Company or a Subsidiary, Parent, Affiliate or successor thereto, as appropriate; or... (ii) voluntary termination by the Participant participant within 30 days 12 months following a Corporate Transaction resulting in (A) a material reduction in the Participant's job responsibilities, provided that neither a mere change in title alone nor reassignment following a Change of Control to a position that is substantially similar to the position held immediately prior to the Change of Control such change shall constitute a material reduction in job responsibilities; (B) relocation by the Company or a Subsidiary, Parent, Affiliate or successor thereto, as appropriate, of the Participant's work site to a facility or location more than 50 miles from the Participant's principal work site for the Company at the time of the Change of Control; immediately prior to such change; or (C) a reduction in Participant's then-current base salary by at least 10%, 20%, provided that an across-the-board reduction in the salary level of all other employees or consultants in positions substantially similar to the Participant's by the same percentage amount as part of a general salary level reduction shall not constitute such a salary reduction reduction. View More Arrow
Found in Exponential Interactive, Inc. contract
Involuntary Termination. Termination Means (unless another definition is provided in the applicable Option Agreement, Restricted Stock Purchase Agreement, employment agreement or other applicable written agreement) the termination of a Participant's Continuous Service Status as an Employee, Director or Consultant under the following circumstances: (i) termination without other than for death or Disability or other than for Cause by the Company or a Subsidiary, Parent, Affiliate or successor thereto, as appropriate; or... (ii) voluntary termination by the Participant participant within 30 days 12 months following (A) a Corporate Transaction resulting in (a) a material reduction in the Participant's job responsibilities, provided that neither a mere change in title alone nor reassignment following a Change of Control to a position that is substantially similar to the position held immediately prior to the Change of Control such change shall constitute a material reduction in job responsibilities; (B) relocation by the Company or a Subsidiary, Parent, Affiliate or successor thereto, as appropriate, of the Participant's work site to a facility or location more than 50 miles from the Participant's principal work site for the Company at the time of the Change of Control; immediately prior to such change; or (C) a reduction in Participant's then-current base salary by at least 10%, 20% provided that an across-the-board reduction in the salary level of all other employees or consultants in positions substantially similar to the Participant's by the same percentage amount as part of a general salary level reduction shall not constitute such a salary reduction reduction. View More Arrow
Found in Exponential Interactive, Inc. contract
Involuntary Termination. Termination Means termination of a Participant's Continuous Service Status under the following circumstances: (i) termination without Cause by the Company or a Subsidiary, Parent, Affiliate or successor thereto, as appropriate; Company; or (ii) voluntary termination by the Participant within 30 days following (A) a material reduction in the Participant's job responsibilities, provided provided, that neither a mere change in title alone nor reassignment following a Change of Control to a... position that is substantially similar to the position held prior to the Change of Control shall constitute a material reduction in job responsibilities; (B) relocation by the Company or a Subsidiary, Parent, Affiliate or successor thereto, as appropriate, Company, of the Participant's work site to a facility or location more than 50 miles from the Participant's principal work site for the Company at the time of the Change of Control; or (C) a reduction in Participant's then-current base salary by at least 10%, provided provided, that an across-the-board reduction in the salary level of all other employees or consultants employed by the same entity in positions similar to the Participant's by the same percentage amount as part of a general salary level reduction shall not constitute such a salary reduction reduction. View More Arrow
Found in FOSTER WHEELER AG contract
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Involuntary Termination. The occurrence of either of the following events after a Change in Control, but on or before the first anniversary of such Change in Control: (i) termination by Company Group of the Employee's employment without Cause; or (ii) the Employee's Constructive Termination. "Involuntary Termination" shall not include any termination of the Employee's employment that is (1) for Cause, (2) a result of the Employee's death or Disability, or (3) a result of the Employee's voluntary resignation.
Found in SCICLONE PHARMACEUTICALS INC contract
Involuntary Termination. The occurrence of either of the following events after a Change in Control, but on or before the first anniversary of such Change in Control: (i) termination by Company Group of the Employee's employment without Cause; (ii) the Company Group proposes to the Employee to mutually agree to terminate the Employment Contract, and the Company Group and the Employee enter into a Mutual Termination Agreement; or (ii) (iii) the Employee's Constructive Termination. "Involuntary Termination" shall not... include any termination of the Employee's employment that is (1) for Cause, (2) a result of the Employee's death or Disability, or (3) a result of the Employee's voluntary resignation. View More Arrow
Found in SCICLONE PHARMACEUTICALS INC contract
Involuntary Termination. The occurrence of either of the following events after a Change in Control, but on or before the first anniversary of such Change in Control: (i) termination by Company Group of the Employee's employment without Cause; (ii) the Company Group proposes to the Employee to mutually agree to terminate the Employment Contract, and the Company Group and the Employee enter into a Mutual Termination Agreement; or (ii) (iii) the Employee's Constructive Termination. "Involuntary Termination" Involuntary... Termination shall not include any termination of the Employee's employment that is (1) for Cause, (2) a result of the Employee's death or Disability, or (3) a result of the Employee's voluntary resignation. View More Arrow
Found in SCICLONE PHARMACEUTICALS INC contract
Involuntary Termination. The Will mean the occurrence of either of the following events after a Change in Control, but on or before the first anniversary of such Change in Control: (i) termination by Company US Parent Group of the Employee's employment without Cause; or (ii) the Employee's Constructive Termination. Dismissal; provided, however, that "Involuntary Termination" shall will not include any termination of the Employee's employment that is (1) for Cause, (2) a result of the Employee's death or Disability, or... (3) a result of the Employee's voluntary resignation. View More Arrow
Found in SCICLONE PHARMACEUTICALS INC contract
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