Common use of Compensation Reduction Clause in Contracts

Compensation Reduction. Any material reduction in Executive’s Base Salary or Target Bonus opportunity;

Appears in 4 contracts

Sources: Employment Agreement (Townsquare Media, Inc.), Employment Agreement (Townsquare Media, Inc.), Employment Agreement (Townsquare Media, Inc.)

Compensation Reduction. Any material reduction in Executive’s Base Salary base salary or Target Bonus target bonus opportunity;; or

Appears in 4 contracts

Sources: Employment Agreement (BIOVAIL Corp), Employment Agreement (Valeant Pharmaceuticals International), Employment Agreement (Valeant Pharmaceuticals International)

Compensation Reduction. Any material reduction in Executive’s Base Salary or Target Bonus opportunity;

Appears in 2 contracts

Sources: Employment Agreement (Bausch & Lomb Corp), Employment Agreement (Valeant Pharmaceuticals International, Inc.)

Compensation Reduction. Any material reduction in Executive’s Base Salary or Target Bonus opportunity, or Annual LTI opportunity;

Appears in 1 contract

Sources: Employment Agreement (Cheniere Energy Inc)

Compensation Reduction. Any material reduction in Executive’s Base Salary or Target Bonus opportunity;; or

Appears in 1 contract

Sources: Employment Agreement (Valeant Pharmaceuticals International, Inc.)