Position Diminishment definition

Position Diminishment means (i) a change in the Executive’s reporting responsibilities, titles, duties, or offices as in effect immediately prior to a Change of Control (or, for purposes of Section 2.4, as in effect as of December 15, 2012), or any removal of Executive from, or any failure to re-elect Executive to, any of such positions, that has the effect of materially diminishing Executive’s responsibility, duties, or authority, (ii) a relocation of the Executive’s principal place of employment to a location more than 25 miles from its then current location and that increases the distance from Executive’s primary residence by more than 25 miles, or (iii) a material reduction in the Executive’s Annual Salary.
Sample 1
Position Diminishment means (i) a change in your reporting responsibilities, titles, duties, or offices as in effect as of the Effective Date (or, for purposes of Section 6(c), as in effect immediately before a Change of Control), or any removal of you from, or any failure to re-elect you to, any of such positions, that has the effect of materially diminishing your responsibility, duties, or authority, (ii) a relocation of your principal place of employment to a location more than 25 miles from its then current location and that increases the distance from your primary residence by more than 25 miles, or (iii) a material reduction in your Base Salary. You may only resign as a result of a Position Diminishment if you (x) provide notice to the Company within 90 days following the Date of Position Diminishment that you consider the Position Diminishment to be grounds to resign; (y) provide the Company a period of 30 days to cure the Position Diminishment, and (z) actually cease employment, if the Position Diminishment is not cured, by the six month anniversary following the effective date of the Position Diminishment. For purposes of this definition, any change in your reporting responsibilities such that you no longer report directly to the Chief Executive Officer of the Company shall be considered a Position Diminishment.
Sample 1
Position Diminishment means a material reduction in your responsibilities, duties, or authority as in effect immediately before a Change in Control or as of the Amended Effective Date, as applicable. You may only resign as a result of a Position Diminishment if you (x) provide notice to the Company within 90 days following the initial existence of the condition constituting a Position Diminishment that you consider the Position Diminishment to be grounds to resign; (y) provide the Company a period of 30 days to cure the Position Diminishment, and (z) actually cease employment, by the six month anniversary following the effective date of the Position Diminishment, if the Position Diminishment is not cured, within the 30-day cure period. If the Position Diminishment follows a Change in Control, you may only resign for Position Diminishment upon the further condition of your completion of a post-replacement transition period of the shorter of 90 days or such period as the Board requests.
Sample 1

Examples of Position Diminishment in a sentence

  • Morris, this column also includes payments that would be made if the Executive resigned as a result of a Position Diminishment.

  • Morris, applies to voluntary terminations other than as a result of a Position Diminishment.

  • If the Position Diminishment follows a Change in Control, you may only resign for Position Diminishment upon the further condition of your completion of a post-replacement transition period of the shorter of 90 days or such period as the Board requests.

  • Other than for Mr. Skarzynski, the amounts set forth in this column represent the amount payable pursuant to voluntary terminations other than as a result of a Position Diminishment.

  • Hanley, this column also includes payments that would be made if the Executive is permit- ted to resign and actually terminates employment as a result of Position Diminishment.

  • Morris (who is not entitled to any enhanced severance upon a change in control), the exec- utive would only be entitled to receive the payments in this column if the executive is terminated without cause or actually resigns as a result of a Position Diminishment during a window period following a change of control or a leadership change.

  • The Executive’s termination is covered by this Section 2.3 (i) if the Executive voluntarily terminates her employment other than during the Window Period as described in Section 2.5 or for Position Diminishment, or (ii) if the Company terminates the Executive’s employment for Cause.

  • The Executive’s termination is covered by this Section 2.3 (i) if the Executive voluntarily terminates his or her employment other than during the Window Period as described in Section 2.5 or for Position Diminishment, or (ii) if the Company terminates the Executive’s employment for Cause.

  • If your employment ends before December 31, 2010 (the “Relocation Repayment Date”) as a result of your resignation (except for a resignation due to Position Diminishment) or your termination for Cause, you agree to repay a pro rata portion of the relocation expenses, with the proration determined based on the number of days remaining between the date your employment ends and the Relocation Repayment Date as compared with the total number of days between the Effective Date and the Relocation Repayment Date.


More Definitions of Position Diminishment

Position Diminishment means (i) a change in your reporting responsibilities, titles, duties, or offices as in effect as of the Effective Date (or, for purposes of Section 6(c), as in effect immediately before a Change of Control), or any removal of you from, or any failure to re-elect you to, any of such positions, that has the effect of materially diminishing your responsibility, duties, or authority, (ii) a relocation of your principal place of employment to a location more than 25 miles from its then current location and that increases the distance from your primary residence by more than 25 miles, provided such relocation is a material change in the geographic location at which you must perform your services, or (iii) a material reduction in your Base Salary. You may only resign as a result of a Position Diminishment if you (x) provide notice to the Company within 90 days following the initial existence of the condition constituting a Position Diminishment that you consider the Position Diminishment to be grounds to resign; (y) provide the Company a period of 30 days to cure the Position Diminishment, and (z) actually cease employment, by the six month anniversary following the effective date of the Position Diminishment, if the Position Diminishment is not cured, within the 30-day cure period.
Sample 1
Position Diminishment means (i) a change in your reporting responsibilities, titles, duties, or offices as in effect as of the Effective Date (or, for purposes of Section 6(c), as in effect immediately before a Change of Control), or any removal of you from, or any failure to re-elect you to, any of such positions, that has the effect of materially diminishing your responsibility, duties, or authority, (ii) a relocation of your principal place of employment to a location more than 25 miles from its then current location and that increases the distance from your primary residence by more than 25 miles, or (iii) a material reduction in your Base Salary. You may only resign as a result of a Position Diminishment if you (x) provide notice to the Company within 90 days following the Date of Position Diminishment that you consider the Position Diminishment to be grounds to resign; (y) provide the Company a period of 30 days to cure the Position Diminishment, and (z) actually cease employment, if the Position Diminishment is not cured, by the six month anniversary following the effective date of the Position Diminishment.
Sample 1
Position Diminishment means: (i) a material reduction in your responsibilities, duties, or authority, (ii) (ii) a relocation of your principal place of employment to a location more than 50 miles from its then current location and that increases the distance from your primary residence by more than 50 miles, or (iii) a material reduction in your Base Salary, other than reductions that are generally applicable to your peers as executive officers. You may only resign as a result of a Position Diminishment if you (x) provide notice to the Company within 90 days following the initial existence of the condition constituting a Position Diminishment that you consider the Position Diminishment to be grounds to resign; (y) provide the Company a period of 30 days to cure the Position Diminishment, and (z) actually cease employment, by the six month anniversary following the effective date of the Position Diminishment, if the Position Diminishment is not cured, within the 30-day cure period. If the Position Diminishment follows a Change in Control, you may only resign for Position Diminishment upon the further condition of your completion of a post-replacement transition period of the shorter of 90 days or such period as the Board requests.
Sample 1

Related to Position Diminishment

  • Permanent total disability means incapacity because of accidental injury or occupational disease to earn any wages in any employment for which the employee may become physically suited and reasonably fitted by education, training or experience, including vocational rehabilitation; loss of both hands, or both feet, or both legs, or both eyes, or any two thereof, shall constitute permanent total disability;

  • Developmental disability means that condition defined in RCW 71A.10.020(5);

  • Permanent Works means the permanent works to be executed by the Contractor under the Contract.

  • Permanent and Total Disability means any medically determinable physical or mental impairment rendering an individual unable to engage in any substantial gainful activity, which disability can be expected to result in death or which has lasted or can be expected to last for a continuous period of not less than 12 months.

  • Covered position means a position in which the employee must be a member of the retirement

  • Position means a square, circle, rectangle, or other geometric shape on a ballot

  • Material Change in Content means the occurrence since the Launch Date of a material change in the content, composition or constitution of the Futures Contract or the Commodity.

  • Physical or mental disability means a physical or mental impairment that substantially limits one or more of the major life activities of an individual. Regulations at 29 CFR 1630.2(h), (i), and (j), issued by the Equal Employment Opportunity Commission under the Americans with Disabilities Act (ADA), 42 U.S.C. 12101 et seq., define these terms.

  • Demotion means a change from an employee's position to one with a lower maximum salary;

  • Constructive Termination means:

  • Job means a position or job family level in a job family [74:840-1.3].

  • Substantial Breach means the following:

  • Substantial cause means Employee’s (1) failure to substantially perform Employee’s duties; (2) material breach of this Agreement; (3) misconduct, including but not limited to, use or possession of illegal drugs during work and/or any other action that is damaging or detrimental in a significant manner to the Company; (4) conviction of, or plea of guilty or nolo contendere to, a felony; or (5) failure to cooperate with, or any attempt to obstruct or improperly influence, any investigation authorized by the Board of Directors or any governmental or regulatory agency.

  • Responsibilities means the responsibilities delegated to BNY under the Rule as a Foreign Custody Manager with respect to each Specified Country and each Eligible Foreign Custodian selected by BNY, as such responsibilities are more fully described in Article III of this Agreement.

  • Potential Change in Control means the occurrence of any of the following events:

  • Termination After Change in Control means either of the following events occurring within twelve (12) months after a Change in Control:

  • Permanent Incapacity as used herein shall mean mental or physical incapacity, or both, reasonably determined by the Company's Board of Directors based upon a certification of such incapacity by, in the discretion of the Company's Board of Directors, either Executive's regularly attending physician or a duly licensed physician selected by the Company's Board of Directors, rendering Executive unable to perform substantially all of his duties hereunder and which appears reasonably certain to continue for at least six consecutive months without substantial improvement. Executive shall be deemed to have "become permanently incapacitated" on the date the Company's Board of Directors has determined that Executive is permanently incapacitated and so notifies Executive.

  • Potential Change in Control Period shall commence upon the occurrence of a Potential Change in Control and shall lapse upon the occurrence of a Change in Control or, if earlier (i) with respect to a Potential Change in Control occurring pursuant to Section 16.20(A), immediately upon the abandonment or termination of the applicable agreement, (ii) with respect to a Potential Change in Control occurring pursuant to Section 16.20(B), immediately upon a public announcement by the applicable party that such party has abandoned its intention to take or consider taking actions which if consummated would result in a Change in Control, or (iii) with respect to a Potential Change in Control occurring pursuant to Section 16.20(C) or (D), upon the one year anniversary of the occurrence of a Potential Change in Control (or such earlier date as may be determined by the Board).

  • Cognitive Impairment means a deficiency in a person’s short-term or long-term memory; orientation as to person, place, and time; deductive or abstract reasoning; or judgment as it relates to safety awareness.

  • Long Position means a buy position that appreciates in value if market prices increase. In respect of Currency Pairs: buying the Base Currency against the Quote Currency.