Common use of Good Reason Event Clause in Contracts

Good Reason Event. A “Good Reason Event” shall be any of the following: (i) without the Executive’s express written consent, a material diminution of the Executive’s duties, authority or responsibilities; (ii) without the Executive’s express written consent, a reduction by the Company of the Executive’s base salary; (iii) without the Executive’s express written consent, the imposition of a requirement that Executive’s primary place of employment be at a facility or a location more than fifty (50) miles from the Executive’s current work location, provided that such requirement to relocate materially increases the Executive’s commute; or (iv) the failure of the Company to obtain the assumption of this Agreement by any successors contemplated in Section 7 below.

Good Reason Event. A “Good Reason Event” shall be any of the following: (i) without the Executive’s express written consent, a material diminution of the Executive’s duties, authority or responsibilities; (ii) without the Executive’s express written consent, a reduction by the Company of the Executive’s base salary; (iii) without the Executive’s express written consent, the imposition of a requirement that Executive’s primary place of employment be at a facility or a location more than fifty (50) miles from the Executive’s current work location, provided that such requirement to relocate materially increases the Executive’s commute; or (iv) the failure of the Company to obtain the assumption of this Agreement by any successors contemplated in Section 7 6 below.

Good Reason Event. A “Good Reason Event” shall be any of the following: (i) without the Executive’s 's express written consent, a material diminution of the Executive’s 's duties, authority or responsibilities; (ii) without the Executive’s 's express written consent, a reduction by the Company of the Executive’s 's base salary; (iii) without the Executive’s 's express written consent, the imposition of a requirement that Executive’s 's primary place of employment be at a facility or a location more than fifty (50) miles from the Executive’s 's current work location, provided that such requirement to relocate materially increases the Executive’s 's commute; or (iv) the failure of the Company to obtain the assumption of this Agreement by any successors contemplated in Section 7 below.