Common use of Diminution of Responsibility Clause in Contracts

Diminution of Responsibility. (A) Any material reduction in Executive’s duties or responsibilities as Chief Financial Officer as in effect immediately prior thereto (other than a reduction where Executive is provided with other duties or responsibilities substantially comparable to Executive’s overall duties and responsibilities prior to such reduction) or (B) removal of Executive from the position of Chief Financial Officer of the Company, except, in each case, in connection with the termination of Executive’s employment for Disability, Cause, as a result of Executive’s death or by Executive other than for Good Reason ;

Diminution of Responsibility. (A) Any material reduction in Executive’s duties or responsibilities as Chief Financial Medical Officer and Executive Vice President, Research and Development, as in effect immediately prior thereto (other than a reduction where Executive is provided with other duties or responsibilities substantially comparable to Executive’s overall duties and responsibilities prior to such reduction) or (B) removal of Executive from the position of Chief Financial Medical Officer and Executive Vice President, Research and Development of the Company, except, in each case, in connection with the termination of Executive’s employment for Disability, Cause, as a result of Executive’s death or by Executive other than for Good Reason Reason;

Diminution of Responsibility. (A) Any material reduction in Executive’s duties or responsibilities as Executive Vice President & Chief Financial Legal Officer of the Company, as in effect immediately prior thereto (other than a reduction where Executive is provided with other duties or responsibilities substantially comparable to Executive’s overall duties and responsibilities prior to such reduction) or (B) removal of Executive from the position of Executive Vice President & Chief Financial Legal Officer of the Company, except, in each case, in connection with the termination of Executive’s employment for Disability, Cause, as a result of Executive’s death or by Executive other than for Good Reason Reason;

Diminution of Responsibility. (A) Any material reduction in Executive’s duties or responsibilities as Executive Vice President and Chief Financial Officer Officer, as in effect immediately prior thereto (other than a reduction where Executive is provided with other duties or responsibilities substantially comparable to Executive’s overall duties and responsibilities prior to such reduction) or (B) removal of Executive from the position of Executive Vice President and Chief Financial Officer of the Company, except, in each case, in connection with the termination of Executive’s employment for Disability, Cause, as a result of Executive’s death or by Executive other than for Good Reason Reason;

Diminution of Responsibility. (A) Any material reduction in Executive’s duties or responsibilities as Chief Financial Officer Officer, as in effect immediately prior thereto (other than a reduction where Executive is provided with other duties or responsibilities substantially comparable to Executive’s overall duties and responsibilities prior to such reduction) or (B) removal of Executive from the position of Chief Financial Officer of the CompanyOfficer, except, in each case, in connection with the termination of Executive’s employment for Disability, Cause, as a result of Executive’s death or by Executive other than for Good Reason ;Reason.

Diminution of Responsibility. (A) Any material reduction in Executive’s duties or responsibilities as Chief Financial Officer Executive Vice President and Company Group Chairman of Valeant as in effect immediately prior thereto (other than a reduction where Executive is provided with other duties or responsibilities substantially comparable to Executive’s overall duties and responsibilities prior to such reduction) or (B) removal of Executive from the position of Chief Financial Officer Executive Vice President and Company Group Chairman of the CompanyValeant, except, in each case, in connection with the termination of Executive’s employment for Disability, Cause, as a result of Executive’s death or by Executive other than for Good Reason Reason;