Involuntary Termination Definition Example with 6 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. 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

Variations

Involuntary Termination. The 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
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 Finance, Secretary and Chief Financial Officer 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
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 R&D and Engineering 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
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 Medical Sales and Marketing 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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