Common use of Reduction of Authority Clause in Contracts

Reduction of Authority. The nature and scope of Employee’s authority with Commerce or a surviving or acquiring Person are materially reduced to a level below that which Employee enjoys when the change in control occurs;

Reduction of Authority. The nature and scope of EmployeeExecutive’s authority with Commerce or a surviving or acquiring Person are materially reduced to a level below that which Employee he enjoys when the change in control occurs;