Common use of Constructive Discharge Clause in Contracts

Constructive Discharge. Any significant reduction or adverse change in the nature or scope of the Executive's authority, duties, status or position contemplated by Section 2 hereof, including an involuntary relocation, or a reduction the base salary and/or benefits of the Executive from those provided for in Section 4 hereof as they may from time to time be in effect, will be the basis for the Executive's termination of this Agreement by giving at least 30 days prior notice to the Company and in such event the termination will be treated as a termination by the Company without cause under Section 5.3.

Appears in 8 contracts

Samples: Employment Agreement (Maxim Pharmaceuticals Inc), Employment Agreement (Maxim Pharmaceuticals Inc), Employment Agreement (Maxim Pharmaceuticals Inc)

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Constructive Discharge. Any significant reduction or adverse change in the nature or scope of the Executive's ’s authority, duties, status or position contemplated by Section 2 3 hereof, including an involuntary relocation, or a reduction the base salary and/or benefits of the Executive from those provided for in Section 4 hereof as they may from time to time be in effect, will be the basis for the Executive's ’s termination of this Agreement by giving at least 30 days prior notice to the Company and in such event the termination will be treated as a termination by the Company without cause under Section 5.36.3.

Appears in 1 contract

Samples: Employment Agreement (Maxim Pharmaceuticals Inc)

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Constructive Discharge. Any significant reduction or adverse change in the nature or scope of the Executive's ’s authority, duties, status or position contemplated by Section 2 hereof, including an involuntary relocation, or a reduction the base salary and/or benefits of the Executive from those provided for in Section 4 hereof as they may from time to time be in effect, will be the basis for the Executive's ’s termination of this Agreement by giving at least 30 days prior notice to the Company and in such event the termination will be treated as a termination by the Company without cause under Section 5.3.

Appears in 1 contract

Samples: Employment Agreement (Maxim Pharmaceuticals Inc)

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