Change in Responsibility. 6.1To ensure that your services are appropriately rewarded, Xxxxxx always reserves the right to renegotiate the terms with the Client should the specification change or the responsibility increase. The Client also has the right to change the brief at any time under the terms of their agreement with Xxxxxx.
Change in Responsibility. If, during the term of this agreement, Executive shall not be vested by Employer with the responsibilities of acting as its Chief Executive Officer by lawful Board Action, the Board will have the authority to designate other titles and duties of the Executive by mutual agreement. If mutual agreement between the Board and the Executive are not achieved, and the change is not pursuant to Section 5.1, Executive shall be employed as an advisor and consultant to Employer so that Employer may benefit from Executive’s experience. Such employment as an advisor shall be through the end of the calendar year within which the change has occurred, and will allow the Executive to be paid for the full prior year under the company’s bonus and compensation cycle. At the end of the calendar year within which the change has occurred, Executive will thereafter be subject to the provisions in Section 5.2 through 5.6 and Section 6 of this Agreement. Executive has the right to decline the advisors position and immediately receive payments under Section 6 hereafter. It is expressly agreed that Executive’s services as an advisor and consultant will be required at such times and places as will result in the least inconvenience to Executive, having in mind his other business commitments during that period which may obligate him to perform his services under such other commitments before performing the advisory services under this agreement. While Executive is employed as an advisor and consultant by Employer, Employer shall pay Executive all compensation, benefits provided for in this agreement. During the course for his employment as an advisor and consultant, Executive shall not compete, directly or indirectly, with Employer.
Change in Responsibility. During the term of this Agreement, Executive may terminate his employment with the Company and this Agreement upon 30 days' advance written
Change in Responsibility. During the term of this Agreement, Executive may terminate his employment with the Company and this Agreement upon 30 days' advance written notice in the event of any Change in Responsibility, which shall include a material change in his duties or authority, a reduction in Salary or material change in his benefits, or a similar material change in the terms and conditions of his employment; provided that the Company may cure the Change in Responsibility during the 30-day notice period which cure may not be unreasonably rejected by Executive. In the event that the Company fails to cure, Executive shall be entitled to continuation of his Salary and Company-provided health benefits, life insurance and other welfare benefits for 24 months, and to a pro rata payment of the short-term plan award that he would have been entitled to receive had he been employed for the entire year in which termination occurs, with proration based on the number of days employed during such year. Such award shall be paid to Executive at the time that plan payments for the applicable calendar year are typically paid to senior executives. Notice of termination under this Section 10 shall be valid only if received by the Company within 120 days after Change in Responsibility occurred. Without limitation, a termination pursuant to this Section 10 shall not relieve Executive of his obligations under Section 6.
Change in Responsibility. Should Executive's position as CTO be changed by Company or successors to Company for any reason other than cause, and without written acceptance of such change by Executive, pursuant to Section 11 above, Executive shall be entitled to twelve (12) months compensation, stock options and health and welfare benefits Executive would have been eligible for during a period equivalent to twelve (12) months of employment.
Change in Responsibility. If there is a substantial reduction in your level of your responsibility or a change in the organization of FR so that you cease to report directly to the CEO, you may elect to treat the reduction or change as a termination by FR for no cause under Paragraph 5(a); provided, however, that you must first give FR notice of the events giving rise to such right and allow FR a reasonable period to cure such circumstances. The acquiescence to such a reduction of responsibility or change in reporting obligations for a period of time up to six months shall not be deemed to be a waiver of your right to claim the reduction or change as a termination by FR for no cause under Paragraph 5(a); provided, however, that such right may be waived at any time in writing. For purposes of this subsection, a reduction in responsibilities due your disability or in response your behavior which can constitute “cause” under Paragraph 5(b), will not be treated as a termination for no cause under Paragraph 5(a).
