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 7 contracts
Samples: Employment Protection Agreement (Loral Corp /Ny/), Employment Retention Agreement (Olympic Financial LTD), Employment Retention Agreement (Arcadia Financial LTD)
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.. (b)
Appears in 2 contracts
Samples: Agreement and Plan of Merger (Lockheed Martin Corp), Employment Protection Agreement (Lockheed Martin Corp)
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)
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
