Reduction in Compensation. If the Executive terminates her employment for Good Reason based upon a reduction by the Company of the Executive's Salary or Bonus Compensation, then for purposes of calculating the Termination Benefits under subsection 5(h), the Executive's Salary as of the Date of Termination shall be deemed to be the Executive's Salary immediately prior to the reduction that the Executive claims as grounds for Good Reason or Change in Control.
Appears in 2 contracts
Sources: Employment Agreement (Monarch Dental Corp), Employment Agreement (Monarch Dental Corp)