Termination for Other Reason

Termination for Other Reason. For purposes of this Agreement, "Termination for Other Reason" shall mean either: (a) a Termination of the Employee by the Company as a result of: (1) a liquidation of the Company and termination of the Company's individual business activities; or (2) a reduction of staff; or (b) subject to the notice and remedy conditions set forth below, a Termination by the Employee upon notice to the Company for any of... the following reasons: (1) a material diminishment of the Employee's job assignment, duties, responsibilities or reporting relationships which is inconsistent with his initial position hereunder or any later agreed upon amendment of that position; (2) a material reduction in the Employee's base compensation or total compensation package, including benefit plans and programs; (3) a material change in the geographic location at which the Employee performs services to the Company; or (4) a material breach of the terms of this Agreement by the Company, or any permitted successor or assignee. Notwithstanding the foregoing, a Termination by the Employee will not be a Termination for Other Reason (i) unless the Employee first gives a written notice to the Company of the existence of such reason in Section 2.10(b) within thirty (30) days following the initial existence of such reason, or (ii) if the Company has remedied such reason on or before the thirtieth (30th) day following its receipt from the Employee of such notice. View More