Diminution of Duties definition

Diminution of Duties means that Mr. Srinivasan's duties shall be deemed to have been materially diminished if he no longer reports to the president and chief executive officer of the Company or if his position or title or duties are otherwise substantially diminished.

Diminution of Duties means any change in Mr. Caller's title, job duties and responsibilities that alters or modifies his employment duties and responsibilities with the Company, including any salary reduction, in any manner that results in a material diminution or reduction of his work duties and responsibilities that occurs following a Change of Control of the Company.

Diminution of Duties means any change in your title, job duties and responsibilities that materially alters or modifies your employment duties and responsibilities with the Company in any manner that results in a material diminution or reduction of your work duties and responsibilities that occurs following a Change of Control of the Company.

Examples of Diminution of Duties in a sentence

• Subsequent to a termination without Cause of the Executive’s employment, the receipt of a notice of Diminution of Duties by the Board of Directors, or a Change in Control, the Company shall be prohibited from terminating the Executive for Cause.

• You will not receive Salary Continuation for any period of time following your termination if the Company terminates your employment for Cause or if you terminate your employment for any reason at any time, unless you terminate your employment as a result of a Diminution of Duties occurring within one year following a Change of Control of the Company.

• Subsequent to a termination without Cause of the Executive's employment, the receipt of a notice of Diminution of Duties by the Board of Directors, or a Change in Control, the Company shall be prohibited from terminating the Executive for Cause.

• In the event you terminate your employment with the Company during the Term as a result of a Diminution of Duties occurring within one year following a Change of Control of the Company or upon you completing the entire Term of your employment, all installments of the Option granted to you which have not already vested, will be deemed to have vested on the date of such termination and you shall have one year to exercise your option to purchase stock pursuant to the Option under these circumstances.

• If you are terminated without Cause, or if you quit as a result of Diminution of Duties, in either case within one year following a Change of Control, you agree not to compete with the Company during any period that you receive Salary Continuation, as set forth above.

• You agree not to compete with the Company for one year after your employment with the Company terminates if the Company terminates you for Cause, or if you quit for any reason (the “Non-Compete Period”).If you are terminated without Cause, or if you quit as a result of Diminution of Duties following a Change of Control, you agree not to compete with the Company during any period that you receive Salary Continuation, as set forth above.

• During the Term, if you terminate your employment as a result of a Diminution of Duties occurring within one year following a Change of Control of the Company, the Company will pay you Salary Continuation for a period of one year immediately following such termination of employment.

• If you terminate your employment as a result of a Diminution of Duties occurring within one year following a Change of Control of the Company, the Company will pay you Salary Continuation for a period of one year immediately following such termination of employment, subject to (i) the release agreement described in paragraph G below becoming effective and irrevocable in accordance with its terms and (ii) your continued compliance with the covenants described in Section 3 below.

More Definitions of Diminution of Duties

Diminution of Duties defined. As used in this section 4.(d), Executive’s duties shall be deemed to have been materially diminished if he no longer reports to the president and chief executive officer of the Company or of Alliance Gaming Corporation or if his position or title or duties are otherwise substantially diminished.

Diminution of Duties means any change in your title, job duties and responsibilities that alters or modifies your employment duties and responsibilities with the Company, including any salary reduction, in any manner that results in a material diminution or reduction of your work duties and responsibilities that occurs following a Change of Control of the Company.