Constructive Involuntary Termination definition

Constructive Involuntary Termination means voluntary termination of employment by the Executive as a result of a significant change in the duties, responsibilities, reporting relationship, job description, compensation, perquisites, office or location of employment of Executive without the written consent of the Executive.

Constructive Involuntary Termination means a termination following:

Constructive Involuntary Termination means a termination of employment with the Company and its Subsidiaries by the Employee at any time from the date of the First Event until the end of the Transition Period, if after the First Event and at or prior to the time of such termination:

Examples of Constructive Involuntary Termination in a sentence

• If your employment is terminated at any time by the Company for Cause or if you resign other than by reason of a Constructive Involuntary Termination, as herein defined, then you will be paid your base salary to the date of termination and the unpaid portion of any bonus or incentive amount earned by you for the fiscal year ending prior to the termination of your employment which you are entitled to receive under the terms of any annual incentive plan maintained by the Company.

• However, if this Agreement is terminated in anticipation of a Change of Control Event, such termination shall be a "Constructive Involuntary Termination" as defined herein.

• A voluntary termination will have occurred if the Executive resigns from the successor corporation after a Change of Control under conditions other than as constitute a Constructive Involuntary Termination.

• Failure of the Company to obtain such agreement prior to the effectiveness of any such succession shall be a breach of this Agreement, shall constitute a Constructive Involuntary Termination, and shall be treated as a Qualifying Event entitling the Executive to the compensation and benefits described in Sections 6 and 7 of this Agreement unless such failure is remedied within 10 calendar days after Company receives written notice thereof.

• Failure of the Company to obtain such agreement prior to the effectiveness of any such succession shall be a breach of this Agreement, shall constitute a Constructive Involuntary Termination, and shall be treated as a Qualifying Event entitling the Executive to the compensation and benefits described in Sections 6 and 7 of this Agreement, unless such failure is remedied within 10 calendar days after Company receives written notice thereof.

More Definitions of Constructive Involuntary Termination

Constructive Involuntary Termination means voluntary termination of employment by the Executive as a result of a significant reduction or adverse change in the duties, responsibilities, reporting relationship, job description, compensation, perquisites, office or location of employment of the Executive without the written consent of the Executive, which is not cured fully within 30 days after written notice from Executive to the Board identifying such significant reduction or adverse change, provided, that such 30 day period shall be extended to 60 days if such significant reduction or adverse change is not reasonably susceptible to cure within 30 days and the Company shall have commenced cure within such 30 day period and is then proceeding with due diligence to cure such breach.

Constructive Involuntary Termination means the voluntary termination of a person's employment with the Company and all of its subsidiaries within 90 days following (i) a material reduction in his compensation (including applicable fringe benefits), without his consent, (ii) his demotion or the diminution in his position, authority, duties or responsibilities, without cause and without his consent, or (iii) the relocation of his principal place of employment, without his consent.

Constructive Involuntary Termination means voluntary termination of employment by the Employee as a result of a significant reduction or significantly adverse change in the duties, responsibilities, reporting relationship, job description, compensation, perquisites, office or location of employment of the Employee without the written consent of the Employee.

Constructive Involuntary Termination means any of the following events: (1) reduction of the executive's title, duties, responsibilities or authority, other than for Cause or disability; (2) reduction of the executive's annual base salary; (3) reduction of the aggregate benefits under our pension, profit sharing, retirement, life insurance, medical, health and accident, disability, bonus and incentive plans and other employee benefit plans and arrangements or reduction of the number of paid vacation days to which the executive is entitled; (4) we fail to obtain assumption of the Agreement by any successor; (5) we require the executive to perform his primary duties at a location that is more than 25 miles further from his primary residence than the location at which he performs his primary duties on the effective date of the Agreement; or (6) a termination of employment with us by the executive after any of the other occurrences listed.

Constructive Involuntary Termination means any of the following events:

Constructive Involuntary Termination means a termination of employment with the Company and its Subsidiaries at the initiative of the Employee for good reason where the effective date of the termination of Employee’s employment occurs at any time during the two-year period commencing on the earlier of the date of the First Event or the date of the first Preliminary Event, as the case may be, if after such First Event or Preliminary Event, and at or prior to the time of such termination there occurs any of the following conditions arising without the consent of the Employee, provided that Employee has first given notice to the Company of the existence of the condition within sixty (60) days of its first occurrence, and the Company has failed to remedy the condition within sixty (60) days thereafter:

Constructive Involuntary Termination means voluntary termination of employment by the Executive as a result of a significant reduction or adverse change in the duties, responsibilities, reporting relationship, job description, compensation, perquisites, office or location of employment of the Executive without the written consent of the Executive, which is not cured fully within thirty (30) days after written notice from Executive to the Board identifying such significant reduction or adverse change, provided, that such thirty (30) day period shall be extended to sixty (60) days if such significant reduction or adverse change is not reasonably susceptible to cause within thirty (30) days and the Company shall have commenced care within such thirty (30) day period and is then proceeding with due diligence to cure such breach.