Without Executive Clause Samples
The "Without Executive" clause defines the rights and obligations of the parties in situations where the executive is not present or is no longer involved. Typically, this clause outlines how certain decisions, approvals, or actions may proceed in the absence of the executive, such as delegating authority to other officers or specifying alternative procedures. Its core practical function is to ensure continuity of operations and decision-making, preventing delays or disruptions if the executive is unavailable.
Without Executive s prior written consent, a relocation of the Executive's place of employment outside of Orange County, California;
Without Executive s express written consent, after a Change of Control, the failure by the Company or any person, as that term is used in Section 13(d) and 14(d) of the Exchange Act, in, control of the Company to increase Executive's annual base compensation or annual bonus at Standard (or equivalent) rating at the times and in comparable amounts as they are increased for similarly situated senior executive officers of the Company and of any person, as that term is used in Section 13(d) and 14(d) of the Exchange Act, in control of the Company; or