Constructive. Termination means that any of the following events have taken place and Employee gives written notice of his intent to resign his employment with the Company and said resignation is submitted within thirty (30) days of the event: (i) a reduction in the Base Salary of Employee without Employee’s written consent; (ii) a relocation (or demand for relocation) of Employee’s office location and principal place of employment to a location more than fifty (50) miles from Employee’s current office location and principal place of employment; or (iii) a significant or material reduction in Employee’s job duties or level of responsibility.
Appears in 3 contracts
Sources: Employment Agreement (Fenix Parts, Inc.), Employment Agreement (Fenix Parts, Inc.), Employment Agreement (Fenix Parts, Inc.)