Involuntary Termination Definition Example

Involuntary Termination. Shall mean: (i) termination of Executive's employment by the Company for any reason other than Cause; (ii) a material reduction in 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 Executive is entitled immediately prior to such reduction with the result that 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 30 days following notice thereof; or (v) a material reduction in Executive's titles, duties, responsibilities or authority; provided that none of the foregoing shall constitute Involuntary Termination to the extent Executive has agreed thereto. View More