Common use of No Reduction in Position Clause in Contracts

No Reduction in Position. During the Retention Period, the Executive's position (including titles), authority and responsibilities shall be at least commensurate with the highest of those held or exercised by him at any time during the 90-day period immediately preceding the Effective Date.

Appears in 9 contracts

Samples: Employment Retention Agreement (Olympic Financial LTD), Employment Retention Agreement (Olympic Financial LTD), Employment Protection Agreement (Lockheed Martin Corp)

AutoNDA by SimpleDocs

No Reduction in Position. During the Retention Period, the Executive's position (including titles), authority and responsibilities as an officer of the Company shall be at least commensurate with the highest of those held or exercised by him at any time during the 90-day period immediately preceding the Effective Date.

Appears in 1 contract

Samples: Employment Retention Agreement (Olympic Financial LTD)

AutoNDA by SimpleDocs

No Reduction in Position. During the Retention Period, the Executive's position (including titles), authority and responsibilities as an executive officer of the Company shall be at least commensurate with the highest of those held or exercised by him at any time during the 90-day ninety (90)-day period immediately preceding the Effective Date.

Appears in 1 contract

Samples: Incentive Compensation and Employment Agreement (Xdogs Com Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!