Definition of “Constructive Termination. For purposes of Section 4(a)(vi), the term "Constructive Termination" shall be defined to mean: (i) a material reduction in the Executive's duties and responsibilities without the Executive's consent; (ii) a reduction in or the failure by the Company to pay when due any portion of the Salary, (iii) the Company's material breach of this Agreement, or (iv) without Executive's approval, he is required to relocate out of the metropolitan area of his present residence.
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Samples: Founding Company Executive Employment Agreement (Nationwide Staffing Inc), Founding Company Executive Employment Agreement (Nationwide Staffing Inc), Founding Company Executive Employment Agreement (Nationwide Staffing Inc)
Definition of “Constructive Termination. For purposes of Section 4(a)(vi4(vi), the term "Constructive Termination" shall be defined to mean: mean (i) a material reduction in the Executive's duties and responsibilities without the Executive's consent; or (ii) a reduction in or the failure by the Company to pay when due any portion of the Salary, (iii) the Company's material breach of this Agreement, or (iv) without Executive's approval, he is required to relocate out of the metropolitan area of his present residence.
Appears in 3 contracts
Samples: Employment Agreement (Nationwide Staffing Inc), Employment Agreement (Nationwide Staffing Inc), Employment Agreement (Nationwide Staffing Inc)
Definition of “Constructive Termination. For purposes of Section 4(a)(vi), the term "Constructive Termination" shall be defined to mean: (i) a material reduction in the Executive's duties and responsibilities without the Executive's consent; (ii) a reduction in or the failure by the Company to pay when due any portion of the Salary, (iii) the Company's material breach of this Agreement, or (iv) without Executive's approval, he she is required to relocate out of the metropolitan area of his her present residence.
Appears in 2 contracts
Samples: Employment Agreement (Nationwide Staffing Inc), Founding Company Executive Employment Agreement (Nationwide Staffing Inc)
Definition of “Constructive Termination. For purposes of Section 4(a)(vi4(vi), the term "Constructive Termination" shall be defined to mean: mean (i) a material reduction in the Executive's duties and responsibilities without the Executive's consent; or (ii) a reduction in or the failure by the Company to pay when due due, any portion of the Salary, (iii) the Company's material breach of this Agreement, or (iv) without Executive's approval, he is required to relocate out of the metropolitan area of his present residence.
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Definition of “Constructive Termination. For purposes of Section 4(a)(vi), the term "Constructive Termination" shall be defined to mean: (i) a material reduction in the Executive's duties and responsibilities without the Executive's consent; (ii) a reduction in or the failure by the Company to pay when due any portion of the Salary, (iii) the Company's material breach of this Agreement, or (iv) without Executive's approval, he she is required to relocate out of the metropolitan area of his present residence.
Appears in 1 contract
Samples: Founding Company Executive Employment Agreement (Nationwide Staffing Inc)
Definition of “Constructive Termination. For purposes of Section 4(a)(vi4 (vi), the term "Constructive Termination" shall be defined to mean: mean (i) a material reduction in the Executive's duties and responsibilities without the Executive's consent; or (ii) a reduction in or the failure by the Company to pay when due any portion of the Salary, (iii) the Company's material breach of this Agreement, or (iv) without Executive's approval, he is required to relocate out of the metropolitan area of his present residence.
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