Termination for Any Reason or for Good Reason by Executive Sample Clauses

Termination for Any Reason or for Good Reason by Executive. Executive shall have the right to terminate his employment with Sbarro for any reason at any time upon 30 days’ prior written notice to Parent, which notice shall specify the effective date of such termination. In addition, Executive may terminate his employment with Sbarro for Good Reason; provided, however, that Executive has given, within 30 days of his obtaining knowledge of the event purported to constitute Good Reason, 30 calendar days prior written notice of such Good Reason to the Boards (specifying in detail the nature of the Good Reason) and the same shall not have been cured in all material respects or waived by Executive within such period of 30 calendar days. As used in this Agreement, “Good Reason” means and shall be deemed to exist if, without the prior express written consent of
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Termination for Any Reason or for Good Reason by Executive. Executive shall have the right to terminate his employment with Sbarro for any reason at any time upon 30 days’ prior written notice to Parent, which notice shall specify the effective date of such termination. In addition, Executive may terminate his employment with Sbarro for Good Reason; provided, however, that Executive has given, within 30 days of his obtaining knowledge of the event purported to constitute Good Reason, 30 calendar days prior written notice of such Good Reason to the Boards (specifying in detail the nature of the Good Reason) and the same shall not have been cured in all material respects or waived by Executive within such period of 30 calendar days. As used in this Agreement, “Good Reason” means and shall be deemed to exist if, without the prior express written consent of Executive: (a) Executive suffers a material change in his reporting obligations; (b) Executive suffers a material decrease in the duties or responsibilities associated with his titles and positions, as set forth in Section 2.1; (c) Executive’s Base Salary, Target Bonus or any future incentive equity opportunity provided by Sbarro after the date hereof is reduced; (d) the Company fails to pay Executive’s Base Salary, Annual Bonus or benefits to which Executive is entitled under Sections 3.2 or 3.4 when due; (e) the Company’s principal headquarters is relocated outside of the greater New York City metropolitan area; (f) either Parent or the Company sells, transfers or otherwise disposes of all or substantially all of its assets or business, and transfers its obligations under this Agreement to a successor, which successor fails to expressly assume in writing all of Sbarro’s obligations to Executive under this Agreement; or (g) the Parent Board provides notice to Executive pursuant to Section 1 of Sbarro’s election not to extend the Term.
Sample 1See All (5)
Termination for Any Reason or for Good Reason by Executive. Executive shall have the right to terminate his employment with Sbarro for any reason at any time upon 30 days’ prior written notice to Parent, which notice shall specify the effective date of such termination. In addition, Executive may terminate his employment with Sbarro for Good Reason; provided, however, that Executive has given, within 30 days of his obtaining
Sample 1
Termination for Any Reason or for Good Reason by Executive. Executive shall have the right to terminate his employment with the Company for any reason at any time and the Company shall have no right or remedy at law or in equity based on such a termination. In addition, Executive may terminate his employment with the Company for Good Reason; provided, however, that Executive has given thirty (30) calendar days prior written notice of such Good Reason to the Chairman and to the Board (specifying in detail the nature of the Good Reason) and the same shall not have been cured in all material respects or waived by Executive within such period of thirty (30) calendar days. As used in this Agreement, "GOOD REASON" means and shall be deemed to exist if, without the prior express written consent of Executive (a) Executive suffers a material change in his reporting obligations, (b) Executive suffers a material decrease in the duties, responsibilities or effective authority associated with his title and position, as set forth in Section 2.1, (c) Executive's Base Salary is reduced, (d) the Company fails to pay Executive's base salary, Annual Bonus or benefits to which Executive is entitled under Sections 3.4 or 3.8 when due and such failure has not been cured (or waived by Executive) within ten (10) calendar days after Executive has given notice to the Company of such failure, (e) the Company's principal headquarters is relocated outside of the greater New York metropolitan area, or (f) the Company sells, transfers or otherwise disposes of all or substantially all of the Company's assets or business, and transfers its obligations under this Agreement to a successor, which successor fails to expressly assume in writing all of the Company's obligations to Executive under this Agreement.
Sample 1

Related to Termination for Any Reason or for Good Reason by Executive

  • Termination by Executive Without Good Reason The Executive may terminate his employment without Good Reason by providing the Company thirty (30) days’ written notice of such termination. In the event of a termination of employment by the Executive under this Section 6(g), the Executive shall be entitled only to the Accrued Obligations. In the event of termination of the Executive’s employment under this Section 6(g), the Company may, in its sole and absolute discretion, by written notice, accelerate such date of termination and still have it treated as a termination without Good Reason.

  • Termination by Executive for Good Reason The Executive may terminate employment for Good Reason. For purposes of this Agreement, “Good Reason” shall mean:

  • Termination by Executive with Good Reason Executive may terminate Executive’s employment with Good Reason by providing the Company fifteen (15) days’ written notice setting forth in reasonable specificity the event that constitutes Good Reason, which written notice, to be effective, must be provided to the Company within sixty (60) days of the occurrence of such event. During such fifteen (15) day notice period, the Company shall have a cure right (if curable), and if not cured within such period, Executive’s termination will be effective upon the date immediately following the expiration of the fifteen (15) day notice period, and Executive shall be entitled to the same payments and benefits as provided in Section 8(d) above for a termination without Cause, it being agreed that Executive’s right to any such payments and benefits shall be subject to the same terms and conditions as described in Section 8(d) above. Following termination of Executive’s employment by Executive with Good Reason, except as set forth in this Section 8(e), Executive shall have no further rights to any compensation or any other benefits under this Agreement.

  • Resignation by Executive without Good Reason The Executive may voluntarily terminate employment with the Company during the term of this Agreement, upon at least 60 days’ prior written notice to the Board of Directors, in which case the Executive shall receive only his compensation, vested rights, and Executive benefits up to the date of his termination of employment.

  • Voluntary Termination by the Executive Without Good Reason If the Executive terminates employment without Good Reason, the Executive shall receive the Base Salary and expense reimbursement to which the Executive is entitled through the date on which termination becomes effective.

  • Termination by Company without Cause or by Executive for Good Reason If Executive's employment is terminated by the Company without Cause or by Executive for Good Reason:

  • Termination by the Company for Cause or by Executive Without Good Reason If Executive’s employment is terminated by the Company for Cause or by Executive without Good Reason, the Company shall pay Executive all amounts earned or accrued hereunder through the termination date, including:

  • Termination by Executive other than for Good Reason Executive’s employment may be terminated by Executive without further liability on the part of Executive (other than with respect to those provisions of this Agreement expressly surviving such termination) by written notice to the Board of Directors at least sixty (60) days prior to such termination; provided, however, the Company may waive the notice period and accelerate the termination date without converting the Termination by Executive into a Termination by the Company.

  • Termination by Employee for Good Reason Employee may terminate his employment hereunder for "Good Reason." As used herein, "Good Reason" shall mean the continuance of any of the following after ten (10) days' prior written notice by Employee to the Company, specifying the basis for such Employee's having Good Reason to terminate this Agreement:

  • Termination by Employee without Good Reason Employee may terminate Employee’s employment under this Agreement at any time without Good Reason, upon thirty (30) days’ prior written notice to Employer. In the event of a termination described in this Section 4(d), Employer shall pay to Employee all of Employee’s Accrued Obligations.

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