Constructive Dismissal definition

Constructive Dismissal means, unless consented to by the Participant, any action that constitutes constructive dismissal of the Participant, including without limiting the generality of the foregoing:

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Constructive Dismissal means a diminishing of the status or responsibility of the Executive in the Corporation or the Executive being effectively prevented from carrying out her duties and responsibilities in a manner appropriate with that of an executive of the Corporation;

Constructive Dismissal means a material change, as determined on a case by case basis after the occurrence of a Change of Control and having regard for, among other things, the duties and responsibilities of, and compensation payable to, the Participant both prior and subsequent to the Change of Control, in the terms and conditions of the Participant's employment by the Corporation (or a Subsidiary, as applicable) which is adverse to the Participant's interests and is not agreed to by the Participant and which results in the Participant's constructive dismissal as determined by the common law;

Examples of Constructive Dismissal in a sentence

• Constructive Dismissal Revision to the definition of “Good Reason” in the current employment agreements to reflect that the New Board will have discretion to set base salary increases and annual bonuses and such adjustments will not constitute Good Reason, provided that the New Board may not unilaterally decrease the base salary at any point without the consent of the executive.

• The terms set out in this Agreement are in lieu of (and not in addition to) and in full satisfaction of any and all other claims or entitlements which the Executive has or may have upon the termination of his employment by the Corporation (other than by reason of his Disability or Retirement or for Cause) including by Constructive Dismissal.

• The employment of the Executive by the Corporation may be terminated by the Executive in the event of Constructive Dismissal, following the delivery by the Executive to the Corporation of Notice of such termination (which Notice shall contain particulars of the Constructive Dismissal).

• For the definition of Constructive Dismissal see article 6.2 (c) below.

• The Corporation agrees that in the event of a Constructive Dismissal, the Executive will be entitled to the compensation by way of a Severance Payment as stipulated in 6.1 (d)(ii) above.

More Definitions of Constructive Dismissal

Constructive Dismissal means the resignation of the Employee as a result of any of the following actions by the Company:

Constructive Dismissal means the occurrence of any one or more of the following events:

Constructive Dismissal means any material reduction in the responsibilities, salary or benefits of the Executive without the Executive’s consent.

Constructive Dismissal means unless consented to in writing by the Named Executive Officer, any action which constitutes constructive dismissal of the Named Executive Officer including, without limiting the generality of the foregoing: (i) a material decrease in the title, position, responsibilities, powers or reporting relationships of the Named Executive Officer; (ii) a reduction in the Annual Salary (excluding the Annual Bonus) of the Named Executive Officer, except where all senior executives of Obsidian Energy are subject to relatively similar reductions in their annual salary; (iii) a requirement to relocate to another city; or (iv) any other material reduction in the value of the Named Executive Officer’s Annual Compensation, benefits, plans and programs (excluding the Annual Bonus, Award Plan, Stock Option Plan and any other long term incentive arrangements put into place by the Corporation), except where all senior executives of Obsidian Energy are subject to relatively similar reductions in such value that is unrelated to a Change of Control.

Constructive Dismissal means, unless consented to by Employee in writing, any of the following actions by the Company:

Constructive Dismissal means, unless otherwise defined in the Participant’s Executive Employment Agreement or in the applicable Award Agreement:

Constructive Dismissal means the occurrence of a material diminution in title and/or duties, responsibilities or authority or the implementation of a requirement that Executive relocate from his present city of residence provided that, such term shall not include: (i) a change consistent with the Corporation splitting a position into one or more positions in conjunction with a corporate reorganization based on the demands of such position so long as there is no reduction in the Annual Salary or other remuneration or responsibilities taken as a whole; (ii) a change in the Executive’s position, duties or title with a Subsidiary, Affiliate or Associate of the Corporation; or (iii) the occurrence of any of the aforesaid events with the consent of the Executive or termination of the employment of the Executive for Just Cause, Death or Disability; or (iv) having the positions of CEO and President held by two different individuals so long as Executive occupies one or the other position.