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consent, of one or more of the following events (including in conjunction with a Change in Control):\n(a) the removal of Executive, other than for Cause, from the position of Chief Financial Officer of Nabors Bermuda or an equivalent position;\n(b) a material diminution in Executive\u2019s duties or the assignment to Executive of duties which are materially inconsistent with his duties as the Chief Financial Officer of Nabors Bermuda, provided that any such alteration shall not constitute an event giving rise to a Constructive Termination Without Cause if Executive continues in the role of Chief Financial Officer reporting to the Chief Executive Officer or such other senior position as reasonably mutually agreed by the parties;\n(c) a reduction in Executive\u2019s then current Base Salary unless such reduction is temporary, market-based, and applies substantially the same to all executive direct reports to the Chief Executive Officer;\n(d) the termination or material reduction of any executive benefit or perquisite enjoyed by him unless a plan or program providing substantially similar benefits or perquisites is substituted or unless such termination or reduction applies substantially the same to all executive direct reports to the Chief Executive Officer;\n(e) the failure to continue Executive\u2019s participation in any incentive compensation plan unless a plan providing a substantially similar compensation is substituted or unless such termination or reduction applies substantially the same to all executive direct reports to the Chief Executive Officer;\n(f) the failure of Nabors Bermuda and Nabors Delaware to obtain the assumption in writing of their obligation to perform this Agreement by any successor (or, the ultimate parent of any successor where applicable) to all or substantially all of the assets of Nabors Bermuda within fifteen (15) days after a merger, consolidation, sale or similar transaction;\n(g) the failure of Nabors Bermuda and/or Nabors Delaware (or by any successor-in-interest) to perform, or the breach by Nabors Bermuda and/or Nabors Delaware (or by any successor-in-interest) of, any of their material obligations under this Agreement; or\n(h) the relocation of Executive\u2019s office to a location more than fifty (50) miles from Houston, Texas. Notwithstanding the foregoing, Executive cannot terminate his employment hereunder for Constructive Termination Without Cause unless he (i) first notifies the Nabors Bermuda Board in writing of the event (or events) which Executive believes constitutes a basis for Constructive Termination Without Cause within thirty (30) days from the date of such event, and (ii) provides the Company with at least ninety (90) days to cure, correct or mitigate the event so that it either (1) does not constitute a basis for a Constructive Termination Without Cause hereunder or (2) Executive agrees, in writing, that after any such modification or accommodation made by the Company that such event shall not constitute a basis for Constructive Termination Without Cause hereunder. Termination by Nabors Bermuda and/or Nabors Delaware due to Executive\u2019s death or Disability, or for \u201cCause,\u201d shall not constitute a basis for a Constructive Termination Without Cause as defined herein.", "size": 20, "snippet_links": [{"key": "termination-of-executive", "type": "clause", "offset": [6, 30]}, {"key": "following-the", "type": "definition", "offset": [90, 103]}, {"key": "without-executive", "type": "clause", "offset": [116, 133]}, {"key": "written-consent", "type": "definition", "offset": [136, 151]}, {"key": "a-change-in-control", "type": "clause", "offset": [223, 242]}, {"key": "removal-of", "type": "clause", "offset": [253, 263]}, {"key": "other-than-for-cause", "type": "definition", "offset": [275, 295]}, {"key": "the-position", "type": "clause", "offset": [302, 314]}, {"key": "equivalent-position", "type": "clause", "offset": [366, 385]}, {"key": "material-diminution", "type": "definition", "offset": [393, 412]}, {"key": "to-executive", "type": "clause", 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1146]}, {"key": "substantially-similar", "type": "definition", "offset": [1211, 1232]}, {"key": "termination-or-reduction", "type": "clause", "offset": [1287, 1311]}, {"key": "failure-to", "type": "clause", "offset": [1415, 1425]}, {"key": "incentive-compensation-plan", "type": "definition", "offset": [1468, 1495]}, {"key": "assumption-in-writing", "type": "clause", "offset": [1775, 1796]}, {"key": "obligation-to-perform", "type": "clause", "offset": [1806, 1827]}, {"key": "ultimate-parent", "type": "definition", "offset": [1869, 1884]}, {"key": "where-applicable", "type": "clause", "offset": [1902, 1918]}, {"key": "all-or-substantially-all-of-the-assets", "type": "definition", "offset": [1923, 1961]}, {"key": "after-a-merger", "type": "definition", "offset": [2005, 2019]}, {"key": "similar-transaction", "type": "definition", "offset": [2044, 2063]}, {"key": "breach-by", "type": "clause", "offset": [2175, 2184]}, {"key": "obligations-under-this-agreement", "type": "clause", "offset": [2283, 2315]}, {"key": "relocation-of-executive", "type": "clause", "offset": [2328, 2351]}, {"key": "notwithstanding-the-foregoing", "type": "clause", "offset": [2423, 2452]}, {"key": "nabors-bermuda-board", "type": "definition", "offset": [2582, 2602]}, {"key": "the-event", "type": "definition", "offset": [2617, 2626]}, {"key": "within-thirty", "type": "clause", "offset": [2727, 2740]}, {"key": "date-of", "type": "clause", "offset": [2760, 2767]}, {"key": "by-the-company", "type": "clause", "offset": [3077, 3091]}, {"key": "termination-by", "type": "definition", "offset": [3191, 3205]}, {"key": "death-or-disability", "type": "definition", "offset": [3263, 3282]}], "hash": "1bf3f43b0c616fb98ba1db5646120bcb", "id": 9}, {"samples": [{"hash": "iaZI5mUq13E", "uri": "/contracts/iaZI5mUq13E#constructive-termination-without-cause", "label": "Employment Agreement (SFX Entertainment Inc)", "score": 18.0, "published": true}, {"hash": "gymkC8ohhI3", "uri": "/contracts/gymkC8ohhI3#constructive-termination-without-cause", "label": "Employment Agreement (SFX Entertainment Inc)", "score": 18.0, "published": true}, {"hash": "eFdOD3QBmsW", "uri": "/contracts/eFdOD3QBmsW#constructive-termination-without-cause", "label": "Employment Agreement (SFX Entertainment Inc)", "score": 18.0, "published": true}], "snippet": "means a termination of the Executive's employment at his initiative as provided in this Section 13 following the occurrence, without the Executive's written consent, of one or more of the following events:\n(a) a reduction in the Executive's then current Base Salary or failure by the Employer to fulfill its obligations under Sections 6, 7, 8 or 9 above;\n(b) the failure to elect or reelect the Executive to any of the positions described in Section 3 hereof or the removal of him from any such position;\n(c) a material diminution in the Executive's duties or the assignment to the Executive of duties which are materially inconsistent with his duties or which materially impair the Executive's ability to function as the President, Chief Executive Officer and Member of the Office of the Chairman of the Employer; or\n(d) the failure of the Employer to obtain the assumption in writing of its obligation to perform this Employment Agreement by any successor to all or substantially all of the assets of the Employer within 15 days after a merger, consolidation, sale or similar transaction.", "size": 13, "snippet_links": [{"key": "termination-of-the-executive", "type": "definition", "offset": [8, 36]}, {"key": "this-section-13", "type": "clause", "offset": [83, 98]}, {"key": "following-the", "type": "definition", "offset": [99, 112]}, {"key": "written-consent", "type": "definition", "offset": [149, 164]}, {"key": "reduction-in", "type": "definition", "offset": [212, 224]}, {"key": "current-base-salary", "type": "clause", "offset": [246, 265]}, {"key": "by-the-employer", "type": "clause", "offset": [277, 292]}, {"key": "sections-6", "type": "clause", "offset": [326, 336]}, {"key": "failure-to-elect", "type": "clause", "offset": [363, 379]}, {"key": "in-section-3", "type": "clause", "offset": [439, 451]}, {"key": "removal-of", "type": "clause", "offset": [466, 476]}, {"key": "material-diminution", "type": "definition", "offset": [511, 530]}, {"key": "to-the-executive", "type": "clause", "offset": [575, 591]}, {"key": "of-duties", "type": "clause", "offset": [592, 601]}, {"key": "materially-impair", "type": "definition", "offset": [661, 678]}, {"key": "ability-to-function", "type": "clause", "offset": [695, 714]}, {"key": "the-president", "type": "clause", "offset": [718, 731]}, {"key": "chief-executive-officer", "type": "clause", "offset": [733, 756]}, {"key": "office-of-the-chairman", "type": "clause", "offset": [775, 797]}, {"key": "failure-of-the", "type": "clause", "offset": [826, 840]}, {"key": "assumption-in-writing", "type": "clause", "offset": [864, 885]}, {"key": "obligation-to-perform", "type": "clause", "offset": [893, 914]}, {"key": "employment-agreement", "type": "definition", "offset": [920, 940]}, {"key": "all-or-substantially-all-of-the-assets", "type": "definition", "offset": [961, 999]}, {"key": "after-a-merger", "type": "definition", "offset": [1031, 1045]}, {"key": "similar-transaction", "type": "definition", "offset": [1070, 1089]}], "hash": "85abb4d5731400bc730eb996c57ea1a3", "id": 10}], "next_curs": "CnMSbWoVc35sYXdpbnNpZGVyY29udHJhY3Rzck8LEhpEZWZpbml0aW9uU25pcHBldEdyb3VwX3Y1NiIvY29uc3RydWN0aXZlLXRlcm1pbmF0aW9uLXdpdGhvdXQtY2F1c2UjMDAwMDAwMGEMogECZW4YACAA", "definition": {"snippet": "means the termination of your employment at your initiative after, without your prior written consent, one or more of the following events:", "size": 513, "title": "Constructive Termination Without Cause", "id": "constructive-termination-without-cause", "examples": ["Employee may elect to terminate his Employment under this Agreement upon a <strong>Constructive Termination Without Cause</strong>, as defined below.", "In the event that: (i) a <strong>Constructive Termination Without Cause</strong> occurs and (ii) Section 8(F) (change in control) does not apply, then the Executive shall have the same entitlements as provided under Section 8(D) for a termination by the Company without Cause.", "If there is a Change of Control, termination without Cause, termination for Good Reason or <strong>Constructive Termination Without Cause</strong>, any awards under the 2007 LTIP or such other plan(s) as Company may adopt from time to time (\u201cStock Awards\u201d) which Executive has received shall vest immediately.", "The failure of the Executive to effect a <strong>Constructive Termination Without Cause</strong> as to any one event described in Section 1(h) shall not affect his entitlement to effect a <strong>Constructive Termination Without Cause</strong> as to any other such event.", "In the event, within three years following a Change in Control occurring during the Initial Term, the Executive&#x27;s employment is terminated by the Company without Cause or there is a <strong>Constructive Termination Without Cause</strong>, then the Executive shall be entitled to receive the Termination Benefits.", "Employee may elect to terminate his Employment under this Agreement upon a <strong>Constructive Termination Without Cause</strong> (as defined below) by providing Employer written notice within thirty (30) days of Employee becoming aware of such <strong>Constructive Termination Without Cause</strong>.", "In the event of a termination of employment by the Executive on his own initiative, other than a termination due to death, Disability or a <strong>Constructive Termination Without Cause</strong>, the Executive shall have the same entitlements as provided in Section 4(c)(ii) above for a Termination for Cause.", "If, following a Change in Control, the Executive&#x27;s employment is terminated for any reason other than for Cause, whether voluntary or involuntary or there is a <strong>Constructive Termination Without Cause</strong>, the Executive shall be entitled to the payments and benefits provided in Section 13.3 above, provided that the payments shall be paid in a lump sum without any discount.", "Notwithstanding any implication to the contrary, the Executive shall not have the right to terminate his employment with the Company during the Term of Employment except in the event of a <strong>Constructive Termination Without Cause</strong>, and any voluntary termination of employment during the Term of Employment in violation of this Agreement shall be considered a material breach.", "Upon a Termination Without Cause or a <strong>Constructive Termination Without Cause</strong>, the Company shall, as soon as practicable following the effectiveness of the general release of claims set forth in Section 7(f), pay the Executive a lump-sum severance payment of cash equal to the product of the Base Salary times 3."], 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