Common use of No Reduction in Position Clause in Contracts

No Reduction in Position. During the Employment Period, the ------------------------ Executive's position (including titles), authority and responsibilities shall be at least commensurate with those held, exercised and assigned immediately prior to the public announcement of the transaction constituting the Change of Control. The Executive's services shall be performed at the location where the Executive was employed immediately preceding the public announcement of the transaction constituting the Change of Control.

Appears in 7 contracts

Samples: Employment Continuation Agreement (Alabama National Bancorporation), Employment Continuation Agreement (Alabama National Bancorporation), Employment Continuation Agreement (Alabama National Bancorporation)

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No Reduction in Position. During the Employment Period, the ------------------------ Executive's ’s position (including titles), authority and responsibilities shall be at least commensurate with those held, exercised and assigned immediately prior to the public announcement of the transaction constituting the Change of Control. The Executive's ’s services shall be performed at the location where the Executive was employed immediately preceding the public announcement of the transaction constituting the Change of Control.

Appears in 1 contract

Samples: Employment Continuation Agreement (Alabama National Bancorporation)

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No Reduction in Position. During the Employment Period, the ------------------------ Executive's position (including titles), authority and responsibilities shall be at least commensurate with those held, exercised and assigned immediately prior to the public announcement of the transaction constituting the Change of ControlControl Date. The Executive's services shall be performed at the location where the Executive was employed immediately preceding the public announcement of the transaction constituting the Change of ControlControl Date.

Appears in 1 contract

Samples: Employment Continuation Agreement (Protective Life Corp)

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