Common use of Demotion or Removal Clause in Contracts

Demotion or Removal. The Executive shall be deemed to have been subjected to “Demotion or Removal” if, during the two-year period commencing on the date of a Change of Control, other than by Voluntary Resignation or with the Executive’s written consent, the Executive ceases to hold the highest position held by him at any time during the one year period ending on the date of the Change of Control with all of the duties, authority, and responsibilities of that office as in effect at any time during the one year period ending on the date of the Change of Control.

Demotion or Removal. The Executive shall be deemed to have been subjected to “Demotion or Removal” if, during the two-three year period commencing on the date of a Change of Control, other than by Voluntary Resignation or with the Executive’s written consent, the Executive ceases to hold the highest position held by him at any time during the one year period ending on the date of the Change of Control with all of the duties, authority, and responsibilities of that office as in effect at any time during the one year period ending on the date of the Change of Control.

Demotion or Removal. The Executive shall be deemed to have been subjected to “Demotion or Removal” if, during the two-two year period commencing on the date of a Change of Control, other than by Voluntary Resignation or with the Executive’s written consent, the Executive ceases to hold the highest position held by him the Executive at any time during the one two-year period ending on the date of the Change of Control with all of the duties, authority, and responsibilities of that office as in effect at any time during the one two-year period ending on the date of the Change of Control.

Demotion or Removal. The Executive shall be deemed to have been subjected to “Demotion or Removal” if, during the two-year period commencing on the date of a Change of Control, other than by Voluntary Resignation or with the Executive’s written consent, the Executive ceases to hold the highest position held by him Executive at any time during the one two-year period ending on the date of the Change of Control with all of the duties, authority, and responsibilities of that office as in effect at any time during the one two-year period ending on the date of the Change of Control.

Demotion or Removal. The Executive shall be deemed to have been subjected to “"Demotion or Removal” " if, during the two-three year period commencing on the date of a Change of Control, other than by Voluntary Resignation or with the Executive’s 's written consent, the Executive ceases to hold the highest position held by him at any time during the one year period ending on the date of the Change of Control with all of the duties, authority, and responsibilities of that office as in effect at any time during the one year period ending on the date of the Change of Control.