Business Reason Clause Samples
Business Reason. The Company may, at its election, and for any reason (i.e., any lawful reason other than Cause) and effective immediately (or such longer period as determined by the Company in its sole discretion), terminate Executive’s employment upon written notice to Executive. Executive, effective no less than thirty (30) days after written notice thereof to the Company, may resign his employment with the Company. A resignation for “Good Reason” shall mean a resignation of your employment within sixty (60) days of the occurrence of any of the following events: (i) without your written consent, a material reduction of your duties, position or responsibilities; (ii) without your written consent, a significant reduction by the Company in your base salary as in effect immediately prior to such reduction; or (iii) without your written consent, a requirement that you relocate your office to a location more than seventy (70) miles from its then-current location. A resignation of your employment for any other reason or in any other circumstances will be a resignation “Without Good Reason.”
Business Reason. (i) The Company MAY NOT terminate Executive at any time prior to the expiration of the Initial Term other than for Cause (as defined in Paragraph 7.A(b)). From and after the expiration of the Initial Term, the Company may, at its election, and for any reason (i.e., any lawful reason other than Cause) and effective immediately (or such longer period as determined by the Company in its sole discretion), may terminate this Agreement and Executive's employment with the Company hereunder upon written notice to Executive.
(ii) Executive, effective no less than sixty (60) days after written notice thereof to the Company, may resign his employment with the Company, with or without cause.
Business Reason. The Company may, at its election, and for any reason (i.e., any lawful reason other than Cause) and effective immediately (or such longer period as determined by the Company in its sole discretion), may terminate Executive's employment upon written notice to Executive. Executive, effective no less than ninety (90) days after written notice thereof to the Company, may resign his employment with the Company.