Involuntary Termination

Involuntary Termination. The Optionee's termination of Employment from the Company on account of a termination by the Company without Cause, other than on account of death or Disability, or by the Optionee for Good Reason.

Involuntary Termination. Shall mean Employee's voluntary termination of employment with the Company within thirty (30) days following the occurrence of any of the following without Employee's consent: (i) a material reduction or change in job duties, reporting relationships, responsibilities and requirements inconsistent with Employee's position with the Company and prior duties, reporting relationships, responsibilities and requirements prior to the Change in Control, provided that neither a mere change in title alone... nor reassignment following a Change of Control to a position that is substantially similar to the position held prior to the Change of Control in terms of job duties, responsibilities or requirements shall constitute a material reduction in job responsibilities; (ii) a reduction in Employee's then-current base salary by at least 20%, provided that an across-the-board reduction in the salary level of all other senior executives by the same percentage amount as part of a general salary level reduction shall not constitute such a salary reduction or (iii) Employee's refusal to relocate the principal place for performance of Company duties to a location more than thirty (30) miles from the Company's then current location at the time of the Change in Control. View More

Involuntary Termination. Means: (i) Executive's employment is terminated by the Company for any reason other than for Cause, death, or Disability; or (ii) Executive resigns as a result of any of the following events or conditions which remain in effect for at least thirty (30) days after notice has been provided by Executive to the Company of the existence of such event or condition: (A) a reduction in Executive's base salary or annual bonus opportunity; (B) a material diminution in Executive's responsibility or... authority; (C) a change of more than 30 miles in the location at which Executive primarily performs his services; or (D) any material failure by the Company to comply with any material term of this Agreement. Executive shall notify the Company of such event or condition within ninety (90) days of the initial existence of the event or condition. It is the intent of the Company that a termination pursuant to this subparagraph 2f. shall meet the definition of "involuntary separation" set forth in Treasury Regulation Section 1.409A-1(n), and this Agreement shall be interpreted accordingly. View More

Involuntary Termination. Termination of a Participant's Continuous Service Status under the following circumstances: (i) termination without Cause by the Company or a Subsidiary, Parent, Affiliate or successor thereto, as appropriate; or (ii) voluntary termination by the Participant within 30 days following (A) a material reduction in the Participant's job responsibilities, provided that neither a mere change in title alone nor reassignment following a Change of Control to a position that is substantially similar to... the position held prior to the Change of Control shall constitute a material reduction in job responsibilities; (B) relocation by the Company or a Subsidiary, Parent, Affiliate or successor thereto, as appropriate, of the Participant's work site to a facility or location more than 50 miles from the Participant's principal work site for the Company at the time of the Change of Control; or (C) a reduction in Participant's then-current base salary by at least 10%, provided that an across-the-board reduction in the salary level of all other employees or consultants in positions similar to the Participant's by the same percentage amount as part of a general salary level reduction shall not constitute such a salary reduction View More

Involuntary Termination. Shall mean (i) any termination of the Employee's employment by the Company without Cause (and other than by reason of death or Disability) or (ii) Employee's resignation for Good Reason, provided that in either case, such termination constitutes a "separation from service" as defined under Treasury Regulation Section 1.409A-1(h).

Involuntary Termination. A termination of the Employee by the Company without Cause or a resignation by the Employee within ninety (90) days of any event constituting Good Reason[; provided, however, that for the purposes of Section 4, Involuntary Termination shall not mean a resignation by the Employee within ninety (90) days of any event constituting Good Reason]3.

Involuntary Termination. For all purposes under this Agreement, 'Involuntary Termination' shall mean a termination of the Employee's service that occurs by reason of (i) his involuntary dismissal or discharge by the Company for reasons other than Cause or (ii) his voluntary resignation following (a) a change in his position with the Company that materially reduces his level of responsibility, (b) a reduction in his level of base salary or (c) a relocation of his place of employment by more than 35 miles, provided and... only if such change, reduction or relocation is effected by the Company without his consent. View More

Involuntary Termination. Shall mean (i) any termination of the Executive's employment by the Company which is not effected for valid Cause; or (ii) any termination by the Executive for Good Reason.

Involuntary Termination. Shall mean (i) a termination by the Company of the Employee's employment with the Company that is not effected for Cause or (ii) a resignation by the Employee of his or her employment with the Company after (A) a substantial reduction of the facilities and perquisites (including office space and location) available to the Employee immediately prior to such reduction, without the Employee's express written consent and without good business reasons, (B) a reduction of the Employee's Base Salary,... (C) a material reduction 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, (D) the relocation of the Employee to a facility or location more than thirty (30) miles from his or her current location, without the Employee's express written consent, or (E) the failure of the Company to obtain the assumption of this Agreement by any successor, as contemplated in Section 6(a) below. Clause (C) above shall not apply in the event of any reduction of the amount of the bonus actually paid but shall apply in the event of a material reduction of the target bonus or bonus opportunity. View More

Involuntary Termination. Shall mean a Separation caused by (i) a termination by the Company of the Employee's employment with the Company that is not effected for Cause or (ii) a resignation by the Employee of his or her employment with the Company for Good Reason.