Common use of Termination by the Employee Clause in Contracts

Termination by the Employee. The Employee may terminate his employment for "Good Reason". "Good Reason" shall mean a termination of employment by the Employee within 30 days following (i) any assignment to the Employee of any duties, functions or responsibilities that are significantly different from, and result in a substantial diminution of, the duties, functions or responsibilities that the Employee has on the date hereof or (ii) the failure of the Employer to obtain the assumption of this Agreement by any successor as contemplated by Section 12.

Appears in 7 contracts

Samples: Employment Agreement (Lexmark International Group Inc), Employment Agreement (Lexmark International Inc /Ky/), Employment Agreement (Lexmark International Inc /Ky/)

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Termination by the Employee. The Employee may terminate his employment for "Good Reason". "Good Reason" shall mean a termination of employment by the Employee within 30 days following (i) any assignment to the Employee of any duties, functions or responsibilities that are significantly different from, and result in a substantial diminution of, the duties, functions or responsibilities that the Employee has on the date hereof or (ii) the failure of the Employer to obtain the assumption of this Agreement by any successor as contemplated by Section 1211.

Appears in 4 contracts

Samples: Employment Agreement (Lexmark International Group Inc), Employment Agreement (Lexmark International Group Inc), Employment Agreement (Lexmark International Group Inc)

Termination by the Employee. The Employee may terminate ---------------------------- his employment for "Good Reason". "Good Reason" shall mean a termination of employment by the Employee within 30 days following (i) any assignment to the Employee of any duties, functions or responsibilities that are significantly different from, and result in a substantial diminution of, the duties, functions or responsibilities that the Employee has on the date hereof or (ii) the failure of the Employer to obtain the assumption of this Agreement by any successor as contemplated by Section 12.

Appears in 4 contracts

Samples: Employment Agreement (Lexmark International Group Inc), Employment Agreement (Lexmark International Group Inc), Employment Agreement (Lexmark International Group Inc)

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Termination by the Employee. The Employee may terminate his employment --------------------------- for "Good Reason". "Good Reason" shall mean a termination of employment by the Employee within 30 90 days following (i) any assignment to the Employee of any duties, functions or responsibilities that are significantly different from, and result in a substantial diminution of, the duties, functions or responsibilities that the Employee has on the date hereof or (ii) the failure of the Employer to obtain the assumption of this Agreement by any successor as contemplated by Section 12.

Appears in 1 contract

Samples: Employment Agreement (Lexmark International Inc /Ky/)

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