Common use of Reduction of Position or Title Clause in Contracts

Reduction of Position or Title. Employee’s position or title with Commerce or the surviving or acquiring person is reduced from his position or title with Commerce when the change of control occurs; Employment Agreement

Appears in 3 contracts

Samples: Employment Agreement (Commerce Bancorp Inc /Nj/), Employment Agreement (Commerce Bancorp Inc /Nj/), Employment Agreement (Commerce Bancorp Inc /Nj/)

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Reduction of Position or Title. Employee’s position or title with Commerce or the surviving or acquiring person is reduced from his position or title with Commerce when the change of control occurs; Employment Agreement;

Appears in 2 contracts

Samples: Employment Agreement (Commerce Bancorp Inc /Nj/), Employment Agreement (Commerce Bancorp Inc /Nj/)

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Reduction of Position or Title. EmployeeExecutive’s position or title with Commerce or the surviving or acquiring person Person is reduced from his current position or title with Commerce when the change of in control occurs, resulting in a diminution of Executive’s authority, duties or responsibilities; Employment Agreementor

Appears in 2 contracts

Samples: Employment Agreement (Pennsylvania Commerce Bancorp Inc), Employment Agreement (Pennsylvania Commerce Bancorp Inc)

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