Common use of By Executive for Good Reason Clause in Contracts

By Executive for Good Reason. Executive may terminate his employment for Good Reason if Executive gives to the Company written notice of the breach or action giving rise to Good Reason within thirty (30) days of the initial existence of such breach or action. Notwithstanding any provision of this Agreement to the contrary, none of the events described in this Section 5.6 will constitute Good Reason if, within thirty (30) days after Executive gives the Company written notice specifying the occurrence or existence of the breach or action that Executive believes constitutes Good Reason, the Company has fully corrected (or reversed) such breach or action.

Appears in 6 contracts

Samples: Employment Agreement (Medicis Pharmaceutical Corp), Employment Agreement (Medicis Pharmaceutical Corp), Employment Agreement (Medicis Pharmaceutical Corp)

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By Executive for Good Reason. (a) Executive may terminate his employment for Good Reason if Executive gives Reason” (as defined below) by providing a Notice of Termination to the Company written notice of the breach or action giving rise to Good Reason Board within thirty sixty (3060) days of the initial existence of such breach or action. Notwithstanding any provision of this Agreement to the contrary, none occurrence of the events described in this Section 5.6 will constitute circumstances giving rise to such Good Reason ifReason. The foregoing notice shall describe the claimed event or circumstance and set forth Executive’s intention to terminate his employment with the Company; provided, that, the Company has not substantially cured such event within thirty (30) days after receiving such notice. Upon termination by Executive gives the Company written notice specifying the occurrence or existence of the breach or action that Executive believes constitutes his employment for “Good Reason, the Company has fully corrected (or reversed) such breach or action.Executive will be entitled to:

Appears in 5 contracts

Samples: Employment Agreement (57th Street General Acquisition Corp), Employment Agreement (57th Street General Acquisition Corp), Employment Agreement (57th Street General Acquisition Corp)

By Executive for Good Reason. (a) Executive may terminate his employment for Good Reason if Executive gives Reason” (as defined below) by providing a Notice of Termination to the Company written notice of the breach or action giving rise to Good Reason Board within thirty (30) days of the initial existence of such breach or action. Notwithstanding any provision of this Agreement to the contrary, none occurrence of the events described in this Section 5.6 will constitute circumstances giving rise to such Good Reason ifReason. The foregoing notice shall describe the claimed event or circumstance and set forth Executive’s intention to terminate his employment with the Company; provided, that, the Company has not substantially cured such event within thirty (30) days after receiving such notice. Upon termination by Executive gives the Company written notice specifying the occurrence or existence of the breach or action that Executive believes constitutes his employment for “Good Reason, the Company has fully corrected (or reversed) such breach or action.Executive will be entitled to:

Appears in 5 contracts

Samples: Employment Agreement (Vapor Corp.), Employment Agreement (Vapor Corp.), Employment Agreement (Vapor Corp.)

By Executive for Good Reason. Executive may terminate his employment for Good Reason if Reason, provided Executive gives has first given written notice to the Company written notice of such alleged Good Reason and the breach or action giving rise Company has failed to cure such Good Reason within thirty (30) days of the initial existence receipt of such breach or actionnotice. Notwithstanding any provision The date of such termination must be no more than 90 days from the date of the occurrence giving rise to the Good Reason. In the event that Executive elects to terminate this Agreement to the contrary, none of the events described in this Section 5.6 will constitute Good Reason if, within thirty (30) days after Executive gives the Company written notice specifying the occurrence or existence of the breach or action that Executive believes constitutes for Good Reason, the Company has fully corrected (or reversed) such breach or action.Executive shall be entitled to:

Appears in 3 contracts

Samples: Employment Agreement (Globe Specialty Metals Inc), Employment Agreement (Globe Specialty Metals Inc), Employment Agreement (Globe Specialty Metals Inc)

By Executive for Good Reason. Executive may terminate his employment for Good Reason if Reason, provided Executive gives has first given written notice to the Company written notice of such alleged Good Reason and the breach or action giving rise Company has failed to cure such Good Reason within thirty (30) days of the initial existence receipt of such breach or actionnotice. Notwithstanding any provision Executive must provide prompt notice of the occurrence giving rise to the Good Reason. In the event that Executive elects to terminate this Agreement to the contrary, none of the events described in this Section 5.6 will constitute Good Reason if, within thirty (30) days after Executive gives the Company written notice specifying the occurrence or existence of the breach or action that Executive believes constitutes for Good Reason, the Company has fully corrected (or reversed) such breach or action.Executive shall be entitled to:

Appears in 2 contracts

Samples: Employment Agreement (Globe Specialty Metals Inc), Employment Agreement (Globe Specialty Metals Inc)

By Executive for Good Reason. Executive may terminate his employment this Agreement for Good Reason if Executive gives to the Company written notice of the breach or action giving rise to Good Reason within thirty (30as defined below) days of the initial existence of such breach or action. Notwithstanding any provision of this Agreement to the contrary, none of the events described in this Section 5.6 will constitute Good Reason if, within thirty (30) days after Executive gives the occurrence of an event giving rise to such Good Reason event by providing thirty (30) days written notice to the Company written notice specifying describing the occurrence claimed event or existence of circumstance and setting forth Executive’s intention to terminate his employment with the breach or action that Executive believes constitutes Good ReasonCompany; provided, that, the Company has fully corrected (or reversed) not substantially cured such event within such notice period. Such termination shall not be a breach or action.of this Agreement. For purposes of this Agreement, “Good Reason” shall mean:

Appears in 1 contract

Samples: Employment Agreement (Wet Seal Inc)

By Executive for Good Reason. Executive may terminate his employment for Good Reason if Executive gives to the Company written notice of the breach or action giving rise to Good Reason within good reason upon at least thirty (30) days prior written notice to the Company. For purposes of this Agreement, “Good Reason” shall mean the Company’s material breach of the initial existence salary and benefit obligations hereunder and either such breach is incurable or, if curable, has not been cured within fifteen (15) days following receipt of written notice by Executive to the Company of such breach or actionby the Company. Notwithstanding any provision of this Agreement Executive shall be deemed to the contrary, none of the events described in this Section 5.6 will constitute Good Reason if, within thirty (30) days after have waived Executive’s right to terminate for “good reason” with respect to a breach if Executive gives does not notify the Company written notice specifying the occurrence or existence of the breach or action that Executive believes constitutes Good Reason, the Company has fully corrected (or reversed) such breach or action.in

Appears in 1 contract

Samples: Employment Agreement (Isotis Sa)

By Executive for Good Reason. (a) Executive may terminate his employment for Good Reason if Executive gives by providing a Notice of Termination to the Company written notice Board within sixty (60) days following the occurrence of the breach or action circumstances giving rise to such Good Reason (or, solely with respect to Section 5.4(c)(iv) below, within thirty sixty (3060) days of the initial existence following Executive’s knowledge of such breach occurrence). The foregoing notice shall describe the claimed event or action. Notwithstanding any provision of this Agreement circumstance and set forth Executive’s intention to terminate his employment with the contraryCompany; provided, none of that, the events described in this Section 5.6 will constitute Good Reason if, Company has not substantially cured such event within thirty (30) days after Executive gives the Company written notice specifying the occurrence or existence of the breach or action that Executive believes constitutes Good Reason, the Company has fully corrected (or reversed) receiving such breach or actionnotice.

Appears in 1 contract

Samples: Employment Agreement (Wet Seal Inc)

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By Executive for Good Reason. Executive may terminate his employment for Good Reason if Executive gives to with the Company written notice of the breach or action giving rise to Good Reason within upon not less than thirty (30) days advance written notice for "Good Reason." Upon the effective date of any such termination all rights, obligations and duties of the initial existence of such breach or actionparties hereunder shall immediately cease, except that (i) the Company shall fulfill its obligations to Executive under Section 8 hereof, and (ii) Executive's obligations under Section 12 hereof shall remain effective. Notwithstanding any provision For purposes of this Agreement Agreement, the Executive will have "Good Reason" if the Company shall fail to the contrary, none of the events described pay when due any compensation provided for in this Section 5.6 will constitute Good Reason if, Agreement and such failure is not corrected within thirty ten (3010) days after Executive gives notice thereof to the Company written notice specifying by the occurrence or existence of the breach or action that Executive believes constitutes Good Reason, the Company has fully corrected (or reversed) such breach or action.Executive

Appears in 1 contract

Samples: Executive Employment Agreement (Ixata Group Inc)

By Executive for Good Reason. (a) Executive may terminate his her employment for Good Reason if Executive gives by providing a Notice of Termination to the Company written notice of the breach or action giving rise to Good Reason Board within thirty sixty (3060) days of the initial existence occurrence of the circumstances giving rise to such Good Reason (or, solely with respect to Section 5.4(c)(v) below, within sixty (60) days of Executive’s knowledge of such breach occurrence). The foregoing notice shall describe the claimed event or action. Notwithstanding any provision of this Agreement circumstance and set forth Executive’s intention to terminate her employment with the contraryCompany; provided, none of that, the events described in this Section 5.6 will constitute Good Reason if, Company has not substantially cured such event within thirty (30) days after Executive gives the Company written notice specifying the occurrence or existence of the breach or action that Executive believes constitutes Good Reason, the Company has fully corrected (or reversed) receiving such breach or actionnotice.

Appears in 1 contract

Samples: Employment Agreement (Wet Seal Inc)

By Executive for Good Reason. Executive may terminate his employment this Agreement for Good Reason if Executive gives to the Company written notice of the breach or action giving rise to Good Reason within thirty (30as defined below) days of the initial existence of such breach or action. Notwithstanding any provision of this Agreement to the contrary, none of the events described in this Section 5.6 will constitute Good Reason if, within thirty (30) days after Executive gives the occurrence of an event giving rise to such Good Reason event by providing thirty (30) days written notice to the Company written notice specifying describing the occurrence claimed event or existence of circumstance and setting forth Executive’s intention to terminate his employment with the breach or action that Executive believes constitutes Good ReasonCompany; provided, that, the Company has fully corrected (or reversed) not substantially cured such event within such notice period.. For purposes of this Agreement, “Good Reason” shall mean the Company’s material breach or actionof any of its material obligations hereunder. Such termination shall not be a breach of this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Wet Seal Inc)

By Executive for Good Reason. Executive may terminate his Executive’s employment for Good Reason if Reason, as defined below, upon 90 days’ prior written notice. Executive gives to must give the Company written notice of the breach or action giving rise to Good Reason within thirty (30) days of the initial existence of such breach or action. Notwithstanding any provision of this Agreement to the contrary, none of the events described in this Section 5.6 will constitute Good Reason if, within thirty (30) days after Executive gives the Company Corporation written notice specifying in reasonable detail the occurrence or existence of the breach or action that Executive believes constitutes circumstances constituting Good Reason, within 120 days after becoming aware of such circumstances, or such circumstances will not constitute Good Reason. If the Company has fully corrected (or reversed) such breach or action.circumstances constituting Good

Appears in 1 contract

Samples: Separation and General Release Agreement (Lci Industries)

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