Common use of Adequate Justification Clause in Contracts

Adequate Justification. The occurrence after a Change in Control of any of the following events or conditions: (i) a material failure of the Employer to comply with the terms of this Agreement; (ii) any relocation of the Executive outside the Territory, as amended from time to time, that is not approved by the Board of Directors; or (iii) other than as provided for herein, any substantial diminution in the Executive's authority or the Executive's responsibilities that is not approved by the Board of Directors.

Appears in 5 contracts

Samples: Employment Agreement (First Community Banking Services Inc), Employment Agreement (First Community Banking Services Inc), Employment Agreement (First Community Banking Services Inc)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.