Common use of Employment with Subsidiaries Clause in Contracts

Employment with Subsidiaries. Employment with the Company for purposes of this Agreement includes employment with any entity in which the Company has a direct or indirect ownership interest of 50% or more of the total combined voting power of all outstanding equity interests, it being understood that for purposes of clause (a) of Section 2.4 hereof, "Good Reason" shall be construed to refer to each of the Employee's positions, duties, responsibilities (reporting and other), status, titles and offices with the Company and each of its subsidiaries.

Employment with Subsidiaries. Employment with the Company for ---------------------------- purposes of this Agreement includes employment with any entity in which the Company has a direct or indirect ownership interest of 50% or more of the total combined voting power of all outstanding equity interests, it being understood that for purposes of clause (aSection 2(iii) of Section 2.4 hereof, "Good Reason" shall be construed to refer to each of the Employee's positions, duties, responsibilities (reporting and other), status, titles and offices with the Company and each of its subsidiaries.