BRENDA J. JOHNSON PATRICIA K. ORMSTON, PLAINTIFFS—APPELLANTS v. U.S. BANCORP, DEFENDANTS—APPELLEES

LOKEN, Chief Judge.

As mortgage loan officers at U.S. Ban-corp in Minneapolis, Brenda J. Johnson and Patricia K. Ormston were paid a guaranteed base salary plus commissions based on closed loans. They were also eligible for benefits under the U.S. Bancorp Broad-Based Change in Control Severance Pay Program (the CIC Program), including severance benefits if they resigned for “Good Reason.” The written CIC Program defined Good Reason to include “the occurrence ... within 24 months following a Partial Change in Control [of] a reduction by the Employer, by more than 10%, of the Covered Employee’s…