Constructive Termination by the Executive. The Executive shall be entitled to terminate his employment and appointment hereunder, without prior notice, upon the occurrence of a Constructive Termination. Any such termination shall be treated as a termination by the Company without Cause. For this purpose, a "Constructive Termination" shall mean:
Appears in 7 contracts
Samples: Employment Agreement (Rayovac Corp), Employment Agreement (Rayovac Corp), Employment Agreement (Rayovac Corp)
Constructive Termination by the Executive. The Executive shall be entitled to terminate his employment and appointment hereunder, without prior notice, upon the occurrence of a Constructive Termination. Any such termination shall be treated as a termination by the Company without Cause. For this purpose, a "“Constructive Termination" ” shall mean:
Appears in 2 contracts
Samples: Employment Agreement (Spectrum Brands, Inc.), Employment Agreement (Rayovac Corp)
Constructive Termination by the Executive. The Executive shall be entitled to terminate his employment and appointment hereunder, without prior notice, upon notice delivered within three (3) business days of the occurrence of a Constructive Termination. Any such termination shall be treated as a termination by the Company without Cause. For this purpose, a "Constructive Termination" shall mean:
Appears in 2 contracts
Samples: Employment Agreement (Safelite Glass Corp), Employment Agreement (Safelite Glass Corp)
Constructive Termination by the Executive. The Executive shall be entitled to terminate his employment and appointment hereunder, without prior notice, hereunder upon the occurrence of a Constructive Termination. Any such termination shall be treated as a termination by the Company without Causecause. For this purpose, a "Constructive Termination" shall mean:
Appears in 1 contract
Samples: Executive Employment Agreement (Artificial Life Inc)
Constructive Termination by the Executive. The Executive shall be entitled to terminate his employment and appointment hereunder, without prior notice, upon the occurrence of a Constructive Termination. Any such termination shall be treated as a termination by the Company without Cause. For this purpose, a "“Constructive Termination" ” shall mean:
(i) a reduction in Base Salary (other than as permitted hereby);
(ii) a reduction in annual Bonus opportunity;
(iii) a reduction in title;
(iv) a significant reduction in scope of responsibilities.
Appears in 1 contract
Constructive Termination by the Executive. The At any time on or after the initial registration of an equity security of the Company under the Securities Act of 1933, as amended, the Executive shall be entitled to terminate his employment and appointment hereunder, without prior notice, upon the occurrence of a Constructive Termination. Any such termination shall be treated as a termination by the Company without Cause. For this purpose, a "Constructive Termination" shall mean:
Appears in 1 contract
Samples: Employment Agreement (Rayovac Corp)
