Common use of Alteration of Duties Clause in Contracts

Alteration of Duties. If the Board of Directors or the Chief Executive Officer of the Corporation, in either of their sole discretion, takes action which substantially changes or alters Executive’s authority or duties so as to effectively prevent him from performing the duties of the Executive Vice President of Finance and Chief Financial Officer as defined in this Agreement, or requires that his office be located at and/or principal duties be performed at a location more than forty-five (45) miles from the present Corporation office located in Parsippany, New Jersey, then Executive may, at his option and upon written notice to the Board of Directors within thirty (30) days after the Board’s or Chief Executive Officer’s action, consider himself terminated without cause and entitled to the benefits set forth in Paragraph 7(a), unless within thirty (30) days after delivery of such notice, Executive’s duties have been restored.

Alteration of Duties. If the Board of Directors of the Corporation or the Chief Executive Officer of the CorporationOfficer, in either of their sole discretion, takes action which substantially changes or alters Executive’s Xxxxxx’x authority or duties so as to effectively prevent him her from performing the duties of the Executive Vice President of Finance Sales and Chief Financial Officer Marketing as defined in this Agreement, or requires that his her office be located at and/or principal duties be performed at a location more than forty-five (45) miles from the present Corporation office located in Parsippany, New Jersey, then Executive Xxxxxx may, at his her option and upon written notice to the Board of Directors within thirty (30) days after the Board’s or Chief Executive Officer’s action, consider himself herself terminated without cause and entitled to the benefits set forth in Paragraph Section 7(a), unless within thirty (30) days after delivery of such notice, Executive’s Xxxxxx’x duties have been restored.

Alteration of Duties. If the Board of Directors or the Chief Executive Officer of the Corporation, in either of their sole discretion, takes action which substantially changes or alters Executive’s authority or duties so as to effectively prevent him from performing the duties of the Executive Vice President of Finance Corporate Strategy and Chief Financial Officer Business Development as defined in this Agreement, or requires that his office be located at and/or principal duties be performed at a location more than forty-five (45) miles from the present Corporation office located in Parsippany, New Jersey, then Executive may, at his option and upon written notice to the Board of Directors within thirty (30) days after the Board’s or Chief Executive Officer’s action, consider himself terminated without cause and entitled to the benefits set forth in Paragraph 7(a), unless within thirty (30) days after delivery of such notice, Executive’s duties have been restored.

Alteration of Duties. If the Board of Directors or the Chief Executive Officer of the Corporation, in either of their sole discretion, takes action which substantially changes or alters Executive’s Xxxxx'x authority or duties so as to effectively prevent him from performing the duties of the Executive Vice President of Finance and Chief Financial Officer Club Channel as defined in this Agreement, or requires that his office be located at and/or principal duties be performed at a location more than forty-five (45) miles from the present Corporation office located in Parsippany, New Jersey, then Executive Xxxxx may, at his option and upon written notice to the Board of Directors within thirty (30) days after the Board’s 's or Chief Executive Officer’s 's action, consider himself terminated without cause and entitled to the benefits set forth in Paragraph 7(a), unless within thirty (30) days after delivery of such notice, Executive’s Xxxxx'x duties have been restored.

Alteration of Duties. If the Board of Directors of the Corporation or the Chief Executive Officer of the CorporationOfficer, in either of their sole discretion, takes action which substantially changes or alters Executive’s Xxxxx’x authority or duties so as to effectively prevent him from performing the duties of the Executive Vice President of Finance and Chief Financial Officer Manufacturing as defined in this Agreement, or requires that his office be located at and/or principal duties be performed at a location more than forty-five (45) miles from the present Corporation office located in Parsippany, New Jersey, then Executive Xxxxx may, at his option and upon written notice to the Board of Directors within thirty (30) days after the Board’s or Chief Executive Officer’s action, consider himself terminated without cause and entitled to the benefits set forth in Paragraph Section 7(a), unless within thirty (30) days after delivery of such notice, Executive’s Xxxxx’x duties have been restored.