Involuntary Termination

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.

Involuntary Termination. Holder's Separation by reason of either (i) being discharged by the Company, or (ii) the expiration of his 'Term of Employment' (as defined in his Second Amended Employment Agreement and the comparable term in any successor employment agreement or amendment, hereafter Holder's 'Employment Agreement') unless, prior to the later of (i) the 45th day following the date on which Holder delivers a written notice to the Board of the impending expiration of his Term of Employment (which notice will not... be considered delivered if the purported delivery is made more than 60 days prior to the date on which his Term of Employment expires), or (ii) the date on which his Term of Employment expires, the Board has offered in writing (x) to extend Holder's Term of Employment for a period of at least 12 months, (y) to appoint Holder to serve as President and Chief Executive Officer of the Company during such extended Term of Employment, and (z) to pay Holder, during the extended Term of Employment, a base salary at least equal to the Holder's Base Salary (as defined in the Employment Agreement) as in effect on the last day of the expiring Term of Employment View More

Involuntary Termination. You experience a means a Separation resulting from (A) a Termination without Cause, or (B) you voluntarily resigning your employment for Good Reason. A termination or resignation due to your death or disability shall not constitute an Involuntary Termination.