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.

Appears in 5 contracts

Samples: Severance Agreement (Invacare Corp), Severance Agreement (Invacare Corp), Severance Agreement (Invacare Corp)

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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.

Appears in 4 contracts

Samples: Change of Control Agreement (Invacare Corp), Change of Control Agreement (Invacare Corp), Change of Control Agreement (Invacare Corp)

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.

Appears in 3 contracts

Samples: Change of Control Severance Agreement (INVACARE HOLDINGS Corp), Change of Control Severance Agreement (INVACARE HOLDINGS Corp), Change of Control Severance Agreement (INVACARE HOLDINGS Corp)

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.

Appears in 3 contracts

Samples: Severance Agreement (Invacare Corp), Severance Agreement (Invacare Corp), Severance Agreement (Invacare Corp)

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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.

Appears in 2 contracts

Samples: Retention Bonus Agreement (Invacare Corp), Executive Agreement (Invacare Corp)

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, if (other than by Voluntary Resignation voluntary resignation or with the Executive’s written consent, the ) Executive ceases to hold the highest position as an employee/officer of Invacare held by him at any time during the one year period ending on the date effectiveness of the Change of Control this Agreement 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 effectiveness of the Change of Controlthis Agreement.

Appears in 1 contract

Samples: Severance Protection Agreement (Invacare Corp)

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