Effective Termination means any change in Employee’s status, title, position, responsibilities, location, or salary, which represents a material adverse change from his status, title, position, responsibilities, location, or salary as in effect immediately prior to a Change of Control.
Effective Termination means the occurrence of any of the following circumstances without the Executive's express written consent if (x) the Executive provides written notice to the Company of the occurrence of the circumstances which, if not corrected, the Executive believes constitute an Effective Termination within a reasonable time after the Executive has knowledge of such circumstances, (y) the Company fails to correct the circumstances within 15 days after such notice, and (z) the Executive resigns within 90 days after the date of delivery of the notice referred to in clause (x) above:
Effective Termination means: (A) without your express written consent, a significant reduction of your duties, position or responsibilities; or (B) without your express written consent, a substantial reduction of the facilities and perquisites (including office space and location); or (C) a material reduction by the Company of your base salary; or (D) a reduction by the Company in the kind or level of your benefits to which you are entitled with the result that your overall benefits package is significantly reduced; or (E) without your express written consent, the relocation of you to a facility or location more than one hundred (100) miles from the Company’s current facility.
Examples of Effective Termination in a sentence
The Default Notice shall specify the date the Contractor shall discontinue the Work upon the Effective Termination Date.
Further, the Company’s obligation to provide severance hereunder shall be deemed null and void should Employee fail or refuse to execute and deliver to the Company the Company’s then-standard Separation and Release Agreement (without modification) within any time period as may be prescribed by law or, in absence thereof, twenty-one (21) days after the Employee’s Effective Termination Date.
In the event that the Company and the Manager are unable to agree to the terms of the revised compensation to be payable to the Manager during such 45-day period, this Agreement shall terminate, such termination to be effective on the date which is the later of (A) 10 days following the end of such 45-day period and (B) the Effective Termination Date originally set forth in the Termination Notice.
In the event that the Company and the Manager are unable to agree to a revised Management Fee during such 45 day period, this Agreement shall terminate, such termination to be effective on the date which is the later of (A) ten (10) days following the end of such 45 day period and (B) the Effective Termination Date originally set forth in the Termination Notice.
Such Transition Period shall not exceed three (3) months after the Effective Termination Date.
More Definitions of Effective Termination
Effective Termination means the occurrence after a --------------------- Corporate Transaction, Change in Control or a Related Entity Disposition of any of the following events or conditions:
Effective Termination following an Announcement Date, any action taken by the Company or any controlling entity of the Company in relation to Executive's salary, duties or position as an executive officer of the Company, other than an isolated, insubstantial and inadvertent action not taken in bad faith and which is remedied by the Company (or any controlling entity of the Company) within three days after receipt of notice thereof given by Executive, that, in Executive's reasonable judgment, results in any of the following: (a) a reduction in Executive's salary as of the Announcement Date or a reduction in the value of the benefits received by Executive under any pension or welfare employee benefit plan maintained by the Company as of the Announcement Date; (b) a diminution in Executive's duties, responsibilities and position in the management of the Company and its subsidiaries including, without limitation, (i) the permanent assignment to Executive of duties not consistent with Executive's position as an executive officer of the Company, (ii) the demotion of Executive or (iii) the failure to provide Executive with secretarial assistance and all support, staff, office, equipment and other facilities necessary to carry out his functions as an executive officer of the Company; (c) the relocation of Executive to an office outside of the city in which he performed his services for the Company immediately prior to the Announcement Date; or (d) the refusal to allow Executive to attend to matters or engage in activities not directly related to the business of the Company which are of the type which he attended to or engaged in prior to the Announcement Date or was permitted to attend to or engage in by the Chief Executive Officer or the Board prior to the Announcement Date.
Effective Termination means: (A) without your express written consent, a significant reduction of your duties, position or responsibilities; or (B) without your express written consent, a material reduction by the Company of your base salary; or (C) a reduction by the Company in the kind or level of your benefits to which you are entitled with the result that your overall benefits package is significantly reduced; or (D) without your express written consent, the relocation of you to a facility or location more than one hundred (100) miles from the Company’s current facility. In addition, vesting of the unvested portion of the Options or the Company’s right to repurchase stock under the stock purchase agreement entered into upon exercise of the Options shall automatically be accelerated (or in the case of the right of repurchase, shall lapse) so that such Options (or shares, as applicable) shall become completely vested. For the purposes of this Section 9(a)(iv), “Change of Control” shall mean a merger or reorganization of the Company with or into any other corporation or corporations, or a sale of all or substantially all of the assets of the corporation, or a sale of securities of the Company, in which transaction the Company’s stockholders immediately prior to such transaction own immediately after such transaction less than 50% of the equity securities of the surviving corporation or its parent. Notwithstanding the foregoing, if it is determined by the Company’s independent public accountants that such accelerated vesting would preclude accounting for the change of control as a pooling of interests for financial accounting purposes, and it is a condition to the closing of the change of control that the transaction be accounted for as a pooling of interests, then the accelerated vesting shall not occur pursuant to this section (iv) but shall be accelerated at the earliest time which will not preclude accounting as a pooling of interests.
Effective Termination means: (A) without your express written consent, a significant reduction of your duties, position or responsibilities; or (B) without your express written consent, a substantial reduction of the facilities and perquisites (which shall not include office space and location); or (C) a material reduction by the Company of your base salary; or (D) a reduction by the Company in the kind or level of your benefits to which you are entitled with the result that your overall benefits package is significantly reduced; or (E) without your express written consent, the relocation of you to a facility or location more than one hundred (100) miles from the Company’s current facility.
Effective Termination means that any of the following are undertaken without Executive’s express written consent: (i) the assignment to Executive of any duties or responsibilities that results in a material diminution of Executive’s position, authority, or scope of responsibilities; or (ii) a reduction in Executive’s annual base salary, except to the extent the salary of all other similarly situated executives of the Company, or successor thereof, are similarly reduced.
Effective Termination means the occurrence of any of the following, without Executive’s consent: (i) Executive is required to report to any person or group, other than the Board or the Board is not the Board of Directors of a public company; (ii) a reduction in Executive’s base salary or bonus opportunity; (iii) the assignment to Executive by the Company of duties inconsistent with, or the significant reduction of the titles, powers, duties and functions associated with his positions, titles or offices; or (iv) the relocation of Executive’s principal office to a location more than 50 miles from the New York City or Los Angeles metropolitan area; provided, that any of the events described in clauses (i) – (iv) above shall constitute an Effective Termination only if the Company fails to cure such event within 30 days after receipt from Executive of written notice of the event which constitutes an Effective Termination; and provided further, that Executive shall cease to have a right to terminate due to Effective Termination on the 60th day following the later of the occurrence of the event or Executive’s knowledge thereof, unless he ha
Effective Termination means the occurrence of any of the following, without Executive’s consent: (i) a reduction in Executive’s base salary or target bonus opportunity; (ii) a reduction in Executive’s responsibilities, titles, powers, or duties at the Company, or assignment of duties inconsistent with the Executive’s Position, (iii) the relocation of Executive’s principal office to a location more than 50 miles from the New York City or Los Angeles metropolitan area; or (iv) Executive’s voluntary resignation for any reason within 60 days following the first anniversary of a Transformation Event; provided, that any of the events described in clauses (i) – (iii) above shall constitute an Effective Termination only if the Company fails to cure such event within 30 days after receipt from Executive of written notice of the event which constitutes an Effective Termination; and provided further, that Executive shall cease to have a right to terminate due to Effective Termination pursuant to clauses (i) – (iii) above, on the 60th day following the later of the occurrence of the event or Executive’s knowledge thereof, unless he has given the Company notice thereof prior to such date. Notwithstanding anything to the contrary herein, until one year after a Transformation Event has occurred, no violation of clause (ii) above shall constitute the basis for an Effective Termination if such violation is directly related to such Transformation Event and Executive remains the senior most executive corporate officer of the Company.