Involuntary Termination Definition Example with 12 Variations

This page contains an example definition of Involuntary Termination, followed by definitions with minor variations. You can view the differences between the example and variations by selecting the "Show Differences" option.
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 or greater 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) without the Employee's express written consent, a reduction by the Company of the Employee's base salary as in effect immediately prior to such reduction; (iv) without the Employee's express written consent, 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 imposition of a requirement for the relocation of the Employee to a facility or a location more than fifty (50) miles from the Employee's current work location; (vi) any purported termination of the Employee's employment 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
Found in Molecular Templates, Inc. contract

Variations

Involuntary Termination. Shall mean (i) without the Employee's express written consent, failure of a significant reduction successor or an acquiring company to offer the Employee the position held by Employee on the date of this Agreement (or, if higher, a subsequent position of the Employee's duties, position Employee) with the successor or responsibilities relative to the Employee's duties, position or responsibilities in effect immediately prior to such reduction, or the removal acquiring company following a Change... of the Employee from such position, duties and responsibilities, unless the Employee is provided with comparable or greater duties, position and responsibilities; Control; (ii) without the Employee's express written consent, a substantial reduction, without good business reasons, of the facilities rights, privileges and perquisites (including office space and location) available to the Employee immediately prior to such reduction; (iii) without the Employee's express written consent, a material diminution in the authority, responsibilities, duties or reporting lines held or possessed by the Employee prior to the Change of Control; (iv) without the Employee's express written consent, a reduction by the Company of the Employee's base salary or target bonus as in effect immediately prior to such reduction; (iv) (v) without the Employee's express written consent, 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, reduction with the result that the Employee's overall benefits package is significantly reduced; (v) (vi) without the Employee's express written consent, the imposition relocation of a requirement for the relocation regular offices of the Employee to a facility or a location more than fifty (50) thirty (30) miles further from the Employee's current work location; (vi) location (unless such new facility or location is closer to the Employee's residence); (vii) any purported termination of the Employee's employment Employee by the Company which is not effected for Cause or 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
Found in 5 Contracts from XOMA Corp
Involuntary Termination. Shall shall mean (i) without the Employee's express written consent, failure of a significant reduction successor or an acquiring company to offer the Employee the position held by Employee on the date of this Agreement (or, if higher, a subsequent position of the Employee's duties, position Employee) with the successor or responsibilities relative to the Employee's duties, position or responsibilities in effect immediately prior to such reduction, or the removal acquiring company following a... Change of the Employee from such position, duties and responsibilities, unless the Employee is provided with comparable or greater duties, position and responsibilities; Control; (ii) without the Employee's express written consent, a substantial reduction, without good business reasons, of the facilities rights, privileges and perquisites (including office space and location) available to the Employee immediately prior to such reduction; (iii) without the Employee's express written consent, a material diminution in the authority, responsibilities, duties or reporting lines held or possessed by the Employee prior to the Change of Control; (iv) without the Employee's express written consent, a reduction by the Company of the Employee's base salary or target bonus as in effect immediately prior to such reduction; (iv) (v) without the Employee's express written consent, 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, reduction with the result that the Employee's overall benefits package is significantly reduced; (v) (vi) without the Employee's express written consent, the imposition relocation of a requirement for the relocation regular offices of the Employee to a facility or a location more than fifty (50) thirty (30) miles further from the Employee's current work location; (vi) location (unless such new facility or location is closer to the Employee's residence); (vii) any purported termination of the Employee's employment Employee by the Company which is not effected for Cause or 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
Found in 2 Contracts from XOMA Corp
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