Examples of Constructively Terminated in a sentence
Without Cause upon notice by the Board of Directors to Executive or upon notice by Executive to the Board if Executive has been Constructively Terminated.
If, within twelve (12) months after a Change of Control, the Employee’s employment is terminated by the Company without Cause or Constructively Terminated by the Company without Cause, then the vesting and exercisability of each option granted to the Employee by the Company (the “Options”) shall be automatically accelerated in full.
It is understood that in the event that the Employee's employment is Constructively Terminated by the Employer, such termination shall not be considered a voluntary resignation by the Employee.
If your employment is terminated by the Company without Cause, or if you are Constructively Terminated (as defined below), you will be entitled to receive the severance payments provided for in Section 4(c)(iv) below (if any) upon such termination.
For purposes of the foregoing, your employment with Synon shall be deemed to have been "Constructively Terminated" if there shall occur (i) a material reduction in salary or benefit (taken as a whole), (ii) a material change in responsibility, or (iii) a requirement to relocate, except for office relocations that would not increase your one-way commute by more than 50 miles.