Common use of Position and Duties During a Post-Disaggregation Period Clause in Contracts

Position and Duties During a Post-Disaggregation Period. During the Post-Disaggregation Period, (i) Executive’s position with the Disaggregated Entity shall be at least commensurate in all material respects with the most significant position held by Executive with the Disaggregated Entity immediately following the Disaggregation, and (ii) unless Executive otherwise consents, Executive’s services shall be performed at the location where Executive was employed immediately prior to the Change Date or any other location no more than 50 miles from such location (unless such other location is closer to Executive’s residence than the prior location); provided, however, that in determining whether the Executive’s Termination of Employment is for Cause, “Cause” shall be determined as though the provisions of Section 3.3(a) applied commencing with the first day of the Post-Disaggregation Period.

Appears in 7 contracts

Samples: Control Employment Agreement, Control Employment Agreement (Baltimore Gas & Electric Co), Control Employment Agreement (Exelon Corp)

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Position and Duties During a Post-Disaggregation Period. During the Post-Disaggregation Period, (i) Executive’s 's position (including status, offices, titles and reporting requirements) with the Disaggregated Entity shall be at least commensurate in all material respects with the most significant position held of those held, exercised and assigned to Executive by Executive with the Disaggregated Entity immediately following the Disaggregation, and (ii) unless Executive otherwise consents, Executive’s 's services shall be performed at the location where Executive was employed immediately prior to the Change Date or any other location no more than 50 miles from such location (unless such other location is closer to Executive’s 's residence than the prior location); provided, however, that in determining whether the Executive’s 's Termination of Employment is for Cause, "Cause" shall be determined as though the provisions of Section 3.3(a) applied commencing with the first day of the Post-Disaggregation Period.

Appears in 1 contract

Samples: Employment Agreement (Commonwealth Edison Co)

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