Common use of Diminution of Position Clause in Contracts

Diminution of Position. The assignment to the Executive of any duties materially inconsistent with the Executive’s position immediately prior to the CIC Date (including status, offices, titles and reporting requirements), authority, duties or responsibilities, or any other action by the Company which results in a material diminution in such position, authority, duties or responsibilities, excluding for this purpose an isolated, insubstantial and inadvertent action not taken in bad faith and which is remedied by the Company promptly after receipt of notice thereof given by the Executive.

Diminution of Position. The assignment to the Executive of any duties materially inconsistent with the Executive’s 's position immediately prior to the CIC Date (including status, offices, titles and reporting requirements), authority, duties or responsibilities, or any other action by the Company which results in a material diminution in such position, authority, duties or responsibilities, excluding for this purpose an isolated, insubstantial and inadvertent action not taken in bad faith and which is remedied by the Company promptly after receipt of notice thereof given by the Executive.