Demotion or Removal Clause Samples
The Demotion or Removal clause outlines the conditions and procedures under which an individual, typically an employee or officer, may be demoted to a lower position or removed from their role entirely. This clause usually specifies the grounds for such actions, such as poor performance, misconduct, or violation of company policies, and may detail the process for notification and appeal. Its core practical function is to provide a clear framework for addressing situations where continued employment in a current role is no longer appropriate, thereby protecting organizational integrity and ensuring fair treatment.
Demotion or Removal. However, more severe discipline (or a combination of disciplinary actions) may be imposed at any point if the infraction or violation merits the more severe action. The Employer, at its discretion, is also free to impose less severe discipline in situations which so warrant. The deduction of fines from an employee’s wages shall not require the employee’s authorization for the withholding of fines from the employee’s wages.
Demotion or Removal. The Executive shall be deemed to have been subjected to “Demotion or Removal” if, during the two-year period commencing on the date of a Change of Control, other than by Voluntary Resignation or with the Executive’s written consent, the Executive ceases to hold the highest position held by him at any time during the one year period ending on the date of the Change of Control with all of the duties, authority, and responsibilities of that office as in effect at any time during the one year period ending on the date of the Change of Control.
Demotion or Removal. M▇▇▇▇ shall be deemed to have been subjected to “Demotion or Removal:”
(a) if M▇▇▇▇ ceases to be Chairman of the Board of Key (or, after a Change of Control, of the Surviving Entity) at any time before the expiration of the term of his employment pursuant to Section 6.1, other than as a result of the termination of his employment by Key for Cause or of his Voluntary Resignation or Voluntary Retirement, death, or disability,
(b) if M▇▇▇▇ ceases to be or have the responsibilities, duties, or authorities of Chief Executive Officer of Key (or, after a Change of Control, of the Surviving Entity) at any time before the expiration of the term of his employment pursuant to Section 6.1, other than as a result of the termination of his employment by Key for Cause or of his Voluntary Resignation or Voluntary Retirement, death, or disability, or
(c) if M▇▇▇▇ ceases to be a director of Key (or, after a Change of Control, of the Surviving Entity) at any time before the expiration of the term of his employment pursuant to Section 6.1, other than as a result of the termination of his employment by Key for Cause or of his Voluntary Resignation or Voluntary Retirement, death, or disability.
Demotion or Removal. M▇▇▇▇ shall be deemed to have been subjected to “Demotion or Removal:”
(a) if M▇▇▇▇ ceases to be Chairman of the Board of Key at any time before the expiration of the term of his employment pursuant to Section 6.1, other than as a result of the termination of his employment by Key for Cause or by his Approved or Non-approved Retirement/Resignation, death, or disability;
(b) if M▇▇▇▇ ceases to be or have the responsibilities, duties, or authorities of Chief Executive Officer of Key at any time before the expiration of the term of his employment pursuant to Section 6.1, other than as a result of the termination of his employment by Key for Cause or of his Approved or Non-approved Retirement/Resignation, death, or disability; or
(c) if, after a Change of Control involving Key, M▇▇▇▇ fails to become Chairman of the Board and Chief Executive Officer of the entity surviving or resulting from the Change of Control transaction (including, if Key becomes a subsidiary in the transaction, the ultimate parent of Key).
Demotion or Removal. Gill▇▇▇▇▇ ▇▇▇ll be deemed to have been subjected to "Demotion or Removal" if, other than by Voluntary Resignation, during the period of Gill▇▇▇▇▇'▇ ▇▇▇loyment under this Agreement (i) Gill▇▇▇▇▇ ▇▇▇ses to be a director of Key, (ii) Gill▇▇▇▇▇ ceases to be Chairman of the Board of Directors of Key, or (iii) Gill▇▇▇▇▇ ceases to be Chief Executive Officer of Key.
Demotion or Removal. Laue▇ ▇▇▇ll be deemed to have been subjected to "Demotion or Removal" if (a) without Laue▇'▇ ▇▇▇ress written consent, Oglebay removes Laue▇ ▇▇▇m any of the offices of Chairman of the Board of Directors (after Laue▇ ▇▇▇ been elected to that office), President, or Chief Executive Officer of Oglebay, or (b) Oglebay becomes a subsidiary of another corporation or similar entity and Laue▇ ▇▇▇s not hold the posts of Chairman of the Board of Directors, President, and Chief Executive Officer of that other corporation or similar entity (except the fact that Laue▇ ▇▇▇s not hold one or more of such posts in these circumstances will not constitute a Demotion or Removal if Laue▇ ▇▇▇, by his express written consent, agreed that his not holding those posts should not constitute a Demotion or Removal).
Demotion or Removal. Noal▇ ▇▇▇ll be deemed to have been subjected to "Demotion or Removal" if, during the Schduled Term and other than by Voluntary Resignation, Noal▇ ▇▇▇ses to be Chief Administrative Officer of KeyCorp, unless the reason for Noal▇ ▇▇▇sing to be Chief Administrative Officer of KeyCorp, is that Noal▇ ▇▇▇ promoted to a higher position, in which case, ceasing to hold the higher position at any time
Demotion or Removal. Meye▇ ▇▇▇ll be deemed to have been subjected to "Demotion or Removal" if Key removes Meye▇ ▇▇▇m the office of President of Key other than in connection with a promotion of Meye▇, ▇▇th his agreement, to a higher executive position or Meye▇ ▇▇▇ls to be at any time after a Change of Control the President of the Surviving Entity other than in connection with a promotion of Meye▇, ▇▇th his agreement, to a higher executive position.