Involuntary Termination

Example Definitions of "Involuntary Termination"
Involuntary Termination. (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 fifty (50) miles from her 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
Involuntary Termination. (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; provided, however, that a reduction in duties, position or responsibilities solely by... virtue of the Company being acquired and made part of a larger entity (as, for example, when, following a Change of Control, the Chief Executive Officer of the Company remains as the senior executive officer or a division or subsidiary of the acquiror which division or subsidiary contains substantially all of the Company's business or is of comparable size but is not made the Chief Executive Officer of the acquiring corporation) shall not constitute an Involuntary Termination; (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 fifty (50) miles from her 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
Involuntary Termination. (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; provided, however, that a reduction in duties, position or responsibilities solely by... virtue of the Company being acquired and made part of a larger entity (as, for example, when the Chief Financial Officer of the Company remains as such following a Change of Control but is not made the Chief Financial Officer of the acquiring corporation) shall not constitute an "Involuntary Termination;" (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 fifty (50) twenty-five (25) miles from her 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
Involuntary Termination. Shall mean the termination of the Employee's employment with the Company by reason of: (i) The involuntary discharge of the Employee by the Company (or any parent or subsidiary of the Company employing him) for reasons other than Cause; or (ii) the voluntary resignation of the Employee following any of the following events, if such event occurs without the Employee's express written consent, consent: (A) a significant substantial 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 unless the removal reduction occurs solely by virtue of the Employee from Company being acquired and made part of a larger entity (as, for example, when the Chief Financial Officer of a corporation remains as such position, duties and responsibilities, unless following a change of control of such corporation but is not made the Employee is provided with comparable duties, position and responsibilities; (ii) without Chief Financial Officer of the Employee's express written consent, acquiring corporation); (B) 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) (C) a reduction by the Company of the Employee's base salary or target bonus as in effect immediately prior to such reduction; (iv) reduction by more than 20%, unless such reduction is made in connection with a reduction in base salaries of employees of the Company generally; (D) 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 reduced, unless such reduction is made in connection with a reduction in the Employee's express written consent, kind or level of employee benefits of employees of the Company generally; (E) the relocation of the Employee to a facility or a location more than fifty (50) miles from her 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) (F) the failure of the Company to obtain the assumption of this Agreement by any successors contemplated in Section 6 4(a) below. View More
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Involuntary Termination. Termination of the employment of Employee without the Employee's express written consent, and shall, subject to the last sentence in this paragraph, include a material diminution of or interference with the Employee's duties, responsibilities and benefits as Vice President-Lending of the 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 Association'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 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, such personnel are to report to the Employee, other than as part of a Association- or Holding Company-wide reduction in staff; (4) a material adverse change in the Employee's salary, other than as part of an overall program applied uniformly and with equitable effect to all members of the senior management of the Association or the Holding 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 Association's affairs under Section 8 of the Federal Deposit Insurance Act ("FDIA") and shall not include a material diminution of or interference with the Employee's duties, responsibilities and benefits unless the employee or the Association submits written notice of involuntary termination within 120 days thereof. View More
Involuntary Termination. Termination of the employment of Employee without the Employee's Employee’s express written consent, and shall, subject to the last sentence in this paragraph, include a material diminution of or interference with the Employee's Employee’s duties, responsibilities and benefits as Vice President-Lending President, Chief Operations Officer of the 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 Association's Association’s headquarters office as of the date Effective Date hereof; (2) a material demotion of the Employee; (3) a material reduction in the number or seniority of other 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, such personnel are to report to the Employee, other than as part of a Association- or Holding Company-wide reduction in staff; (4) a material adverse change in the Employee's 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 Association or the Holding Company; and (5) a material permanent increase in the required hours of work or the workload of the Employee. The term "Involuntary Termination" “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 Association's Association’s affairs under Section 8 of the Federal Deposit Insurance Act ("FDIA") (“FDIA”) and shall not include a material diminution of or interference with the Employee's Employee’s duties, responsibilities and benefits unless the employee or the Association submits written notice of involuntary termination within 120 days thereof. View More
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Involuntary Termination. Either Executive's (i) Termination without Cause or (ii) Resignation for Good Reason.
Involuntary Termination. Either Executive's the Executive’s (i) Termination without Without Cause or (ii) Resignation for Good Reason.
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Involuntary Termination. (e) "Involuntary Termination" shall mean (i) any involuntary termination, or (ii) a resignation by the Executive within thirty (30) days following any Change in Duties; provided, however, that an Involuntary Termination shall not include either a Termination for Cause, or any termination as a result of death, disability, or normal retirement on or after attainment of age sixty-five (65) pursuant to a retirement plan in which the Executive was participating prior to any Change of Control.
Involuntary Termination. The Employee's resignation of employment from the Company expressly based on the occurrence of any of the following conditions, without the Employee's informed written consent, provided, however, that with respect to each of the following conditions, the Employee must (a) within 90 days following its occurrence, deliver to the Company a written notice, pursuant to Section 8(b) hereof, explaining the specific basis for the Employee's belief that the Employee is entitled to terminate the... Employee's employment due to an Involuntary Termination, (b) give the Company an opportunity to cure any of the following within 30 days following delivery of such notice and explanation, and (c) terminate employment within fifteen days of the sooner of the expiration of the cure period set forth above or the date the Company notifies the Employee in writing that it will not cure: (i) a material reduction in his duties, position or responsibilities, or his removal from these duties, position and responsibilities, unless he is provided with a position of substantially equal or greater organizational level, duties, authority and compensation; provided, however, that a change of title, in and of itself, or a reduction of duties, position or responsibilities solely by virtue of the Company's being acquired and made part of a larger entity will not constitute an "Involuntary Termination," (ii) a greater than 15%reduction in his then-current annual base compensation that is not applicable to the Company's other executive officers, or (iii) a relocation to a facility or a location more than 30 miles from his then-current location of employment. For the avoidance of doubt, Involuntary Termination shall not include a termination of employment for death or Permanent Disability. View More
Involuntary Termination. Any termination (other than a termination for Cause) of the Employee by the Company.
Involuntary Termination. A Separation resulting from either (i) the Employee's involuntary discharge by the Company for reasons other than Cause or (ii) the Employee's voluntary resignation for Good Reason.
Involuntary Termination. The termination of Employee’s Service which occurs by reason of: (i) Employee’s involuntary dismissal or discharge by the Corporation for reasons other than Misconduct, or (ii) Employee’s voluntary resignation following (A) a change in Employee’s position with the Corporation (or the Parent or the Subsidiary employing Employee) which materially reduces Employee’s duties and responsibilities or the level of management to which Employee reports, (B) a reduction in Employee’s level of compensation... (including base salary, fringe benefits and target bonus under any corporate performance-based bonus or incentive programs) by more than fifteen percent (15%), or (C) a relocation of Employee’s place of employment by more than fifty (50) miles, provided that only if such change, reduction or relocation is effected without Employee’s consent View More
Involuntary Termination. (i) termination by Cost Plus of Mr. Feld's employment with Cost Plus for any reason other than Cause; (ii) a material reduction in Mr. Feld's Base Compensation (not including bonus), other than any such reduction which is part of, and generally consistent with, a general reduction of officer salaries; (iii) a material reduction in Mr. Feld's duties, responsibilities, or authority; (iv) any material breach by Cost Plus of any material provision of this Agreement that continues uncured for thirty... (30) days following notice thereof; (v) provided, however, none of the foregoing shall constitute Involuntary Termination to the extent Mr. Feld has voluntarily agreed thereto. Any purported Involuntary Termination pursuant to Section 7(b)(ii) through 7(b)(iv) will not be effective until Mr. Feld has delivered to the Company, within sixty (60) days of the initial existence of the Involuntary Termination condition, a written explanation which describes the basis for Mr. Feld's belief that Mr. Feld 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
Involuntary Termination. Will include the Employee's voluntary termination, upon 30 days prior written notice to the Company, following (I) a material reduction in job responsibilities inconsistent with the Employee's position with the Company and the Employee's prior responsibilities, i.e., parent company versus subsidiary level or type responsibility, or (ii) relocation to a facility or location more than 50 miles from the Company's current location, or (iii) reduction in salary.
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