Common use of Alteration of Duties Clause in Contracts

Alteration of Duties. If the Board of Directors of the Corporation, in its sole discretion, takes action which substantially changes or alters Xxxxxx’x authority or duties so as to effectively prevent him from performing the duties of the Chief Executive 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 Xxxxxx may, at his option and upon written notice to the Board of Directors within thirty (30) days after the Board’s action, consider himself terminated without cause and entitled to the benefits set forth in subparagraph 7(a), unless within fifteen (15) days after delivery of such notice, Xxxxxx’x duties have been restored.

Alteration of Duties. If the Board of Directors of the Corporation, in its sole discretion, takes action which substantially changes or alters Xxxxxx’x Executive’s authority or duties so as to effectively prevent him from performing the duties of the President and Chief Executive 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 corporate headquarters of the Corporation office located in Parsippany, New Jersey, then Xxxxxx Executive may, at his option and upon written notice to the Board of Directors within thirty (30) days after the Board’s action, consider himself terminated without cause and entitled to the benefits set forth in subparagraph 7(aParagraph 8(a), unless within fifteen thirty (1530) days after delivery of such notice, Xxxxxx’x Executive’s duties have been restored.

Alteration of Duties. If the Board of Directors of the Corporation, Corporation in its sole discretion, discretion takes action which substantially changes or alters Xxxxxx’x Xxxxxxxx’x authority or duties so as to effectively prevent him from performing the duties of the President and Chief Executive 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 Xxxxxx Xxxxxxxx may, at his option and upon written notice to the Board of Directors within thirty (30) days after the Board’s action, consider himself terminated without cause and entitled to the benefits set forth in subparagraph Section 7(a), unless within fifteen thirty (1530) days after delivery of such notice, Xxxxxx’x Xxxxxxxx’x duties have been restored.

Alteration of Duties. If the Board of Directors of the Corporation, Corporation in its sole discretion, discretion takes action which substantially changes or alters Xxxxxx’x authority or duties so as to effectively prevent him from performing the duties of the President and Chief Executive 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 Xxxxxx may, at his option and upon written notice to the Board of Directors within thirty (30) days after the Board’s action, consider himself terminated without cause and entitled to the benefits set forth in subparagraph Section 7(a), unless within fifteen thirty (1530) days after delivery of such notice, Xxxxxx’x duties have been restored.