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These excerpts taken from the ATVI 10-Q filed Feb 8, 2006. Employee.
You may terminate your employment under this agreement (and, thereby, forfeit
your right to receive any compensation or benefits under this agreement) (i) upon
any relocation of the place at which you primarily are performing your services
to Employer to a location which is outside Los Angeles County, or (ii) if
Employer elects to not actually use your services and continues to pay your
base salary pursuant to Paragraph 2(c) above for a period of one hundred
twenty (120) consecutive days. Employer agrees not to relocate your services outside
of Los Angeles County without your prior written consent unless the majority of
employees at the Santa Monica, California, location are concurrently relocated
to the same new location. In the event of such relocation you will receive
relocation support on a basis no less favorable than provided to you in this
agreement.
(c) Employee.
You may terminate your employment under this agreement (and, thereby, forfeit
your right to receive any compensation or benefits under this agreement) (i) upon
any relocation of the place at which you primarily are performing your services
to Employer to a location which is outside Los Angeles County or (ii) if
Employer elects to not actually use your services and continues to pay your
base salary pursuant to Paragraph 2(c) above for a period of one hundred
twenty (120) consecutive days.
(c) Employee.
You may terminate your employment under this agreement (and, thereby, forfeit
your right to receive any compensation or benefits under this agreement) (i) upon
any relocation of the place at which you primarily are performing your services
to Employer to a location which is outside Los Angeles County, or (ii) if
Employer elects to not actually use your services and continues to pay your
compensation pursuant to Paragraph 2 above for a period of one hundred twenty
(120) consecutive days.
(c) This excerpt taken from the ATVI 10-Q filed Nov 3, 2005. Employee. You may terminate your employment under this
Agreement in the event of Employers relocation to a location more than 25
miles from Los Angeles County.
(c) This excerpt taken from the ATVI 10-Q filed Aug 4, 2005. Employee. You may
terminate your employment under this Agreement upon the continuing occurrence
of the following, which shall remain uncured for a period of 45 days following
notice to Employer of such occurrence: (i) the material diminution of your
duties and responsibilities hereunder in violation of the Agreement, provided that
neither your ceasing to have investor relations, financial reporting or similar
responsibilities, nor the addition of one or more operating units or
subsidiaries by reason of acquisitions or similar transactions that are not incorporated
into Employer, nor the addition of new management and reporting
responsibilities at Employer or Activision by reason of significant increase in
the size and scope of Employers core business due to acquisitions or similar
events shall be considered a diminution in your duties or responsibilities in
violation of the Agreement; (ii) a reduction in your Base Salary; (iii) the
elimination or reduction of your participation in any incentive or benefit
plan, or reduction of participation in any such plan, other than, in any such
case, as a result of the modification, reduction or elimination of such plan
with regard to all senior executives of Employer or as a result of regulatory,
tax or accounting requirements; or (iv) your relocation without your
consent to a location more than 25 miles from Los Angeles County; provided,
that you shall not have the right to terminate your employment pursuant to
clauses (i), (ii) or (iii) of this Paragraph 9(b) after such
date as your Total Compensation shall equal or exceed the Guarantee Amount so
long as, in the case of (i) above, your position remains as a senior
executive position with the equivalent of divisional leadership
responsibilities.
(c) | EXCERPTS ON THIS PAGE:
RELATED TOPICS for ATVI: |
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