No Reduction. There shall be no material reduction or diminution of the benefits provided in this Section 5 during the Term unless (i) the Executive shall have provided his consent to such reduction or diminution, (ii) an equitable arrangement (embodied in an ongoing substitute or alternative benefit or plan) has been made with respect to such benefit or plan or (iii) such reduction is part of a program of across-the-board benefit reductions similarly affecting the senior executive officers of the Company.
Appears in 3 contracts
Samples: Employment Agreement (Alliance Gaming Corp), Agreement (Alliance Gaming Corp), Employment Agreement (Alliance Gaming Corp)
No Reduction. There shall be no material reduction or diminution of the benefits provided in this Section 5 during the Term unless (i) unless the Executive shall have provided given his prior written consent to such reduction or diminution, (ii) diminution and an equitable arrangement (embodied in an ongoing substitute or alternative benefit or plan) has been made with respect to such benefit or plan or (iiiii) such reduction is part except, in the case of a program of Section 5(a), for across-the-board benefit reductions similarly affecting the all senior executive officers management personnel of the Company.
Appears in 3 contracts
Samples: Employment Agreement (Warner Chilcott PLC), Employment Agreement (Warner Chilcott PLC), Employment Agreement (Warner Chilcott PLC)
No Reduction. There shall be no material reduction or diminution of the benefits provided in this Section 5 during the Term unless (i) the Executive Consultant shall have provided his consent to such reduction or diminution, diminution or (ii) an equitable arrangement (embodied in an ongoing substitute or alternative benefit or plan) has been made with respect to such benefit or plan or (iii) such reduction is part of a program of an across-the-board benefit reductions similarly reduction affecting the all senior executive officers executives of the Company.
Appears in 2 contracts
Samples: Consulting Agreement (H Power Corp), Consulting Agreement (H Power Corp)
No Reduction. There shall be no material reduction or diminution of the benefits provided in this Section 5 during the Term unless (i) unless the Executive Employee shall have provided given his prior written consent to such reduction or diminution, (ii) diminution and an equitable arrangement (embodied in an ongoing substitute or alternative benefit or plan) has been made with respect to such benefit or plan or (iiiii) such reduction is part except, in the case of a program of Section 5(a), for across-the-board benefit reductions similarly affecting the senior executive officers all key exempt employees of the Company.
Appears in 1 contract
