Common use of Reduction Clause in Contracts

Reduction. as applied to any aspect of the Executive’s compensation or benefits, means any exclusion, discontinuance without comparable replacement, diminution, or reduction in the same as in effect immediately prior to such exclusion, discontinuance, diminution, or reduction.

Reduction. as applied to any aspect of the Executive’s compensation or benefits, means any exclusion, discontinuance without comparable replacement, diminution, diminution or reduction in the same as in effect immediately prior to such exclusion, discontinuance, diminution, diminution or reduction.