Common use of Reduced Compensation Clause in Contracts

Reduced Compensation. A reduction of five percent (5%) or more by the Company in any of the following amounts of compensation expressed in subparagraphs (i), (ii) or (iii) hereof, except for a less than ten percent (10%), across-the-board reduction in such compensation amounts similarly affecting ninety-five percent (95%) or more of all employees of the Company eligible for such compensation:

Appears in 5 contracts

Samples: Severance Agreement (Southern Co), Severance Agreement (Southern Co), Change in Control Agreement (Southern Co)

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