Common use of Termination of Employment by the Executive for Good Reason Clause in Contracts

Termination of Employment by the Executive for Good Reason. The Executive may terminate his employment for Good Reason. Upon a termination by the Executive of his employment for Good Reason, the Executive shall be entitled to the same payments and benefits as provided in Section 11(d) above. In no event shall a termination of the Executive's employment for Good Reason occur unless and until the Executive provides the Company, within sixty (60) calendar days of becoming aware of the facts and circumstances underlying the finding of Good Reason, with written notice thereof in accordance with Section 24 below stating with specificity the facts and circumstances underlying the finding of Good Reason and, if the basis for such finding of Good Reason is capable of being cured by the Company, providing the Company with an opportunity to cure the same within thirty (30) calendar days after receipt of such notice in accordance with Section 24 below.

Appears in 2 contracts

Samples: Employment Agreement (Comverse Technology Inc/Ny/), Employment Agreement (Comverse Technology Inc/Ny/)

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Termination of Employment by the Executive for Good Reason. The Executive may terminate his employment for Good Reason, provided that the Termination Date occurs during the 120-day period immediately following the date that the events or actions constituting Good Reason first become known to the Executive. Upon a termination by the Executive of his employment for Good Reason, the Term of Employment shall end as of the date EXECUTION COPY of the termination of the Executive’s employment for Good Reason and the Executive shall be entitled to the same payments and benefits as provided in Section 11(d) above. In no event shall a termination of the Executive's ’s employment for Good Reason occur unless and until the Executive provides the Company, within sixty (60) calendar days of becoming aware of the facts and circumstances underlying the finding of Good Reason, with gives written notice thereof to the Company in accordance with Section 24 26 below stating with specificity the facts and circumstances underlying the finding of events or actions that constitute Good Reason and, if the basis for such finding of Good Reason is capable of being cured by the Company, and providing the Company with an opportunity to cure the same (if curable) within thirty (30) calendar days after receipt a reasonable period of such notice in accordance with Section 24 belowtime.

Appears in 1 contract

Samples: Employment Agreement (Perry Ellis International Inc)

Termination of Employment by the Executive for Good Reason. The Executive may terminate his her employment for Good Reason. Upon a termination by the Executive of his her employment for Good Reason, the Executive shall be entitled to the same payments and benefits as provided in Section 11(d) above. In no event shall a termination of the Executive's ’s employment for Good Reason occur unless and until the Executive provides the Company, within sixty (60) calendar days of becoming aware of the facts and circumstances underlying the finding of Good Reason, with written notice thereof in accordance with Section 24 23 below stating with specificity the facts and circumstances underlying the finding of Good Reason and, if the basis for such finding of Good Reason is capable of being cured by the Company, providing the Company with an opportunity to cure the same within thirty (30) calendar days after receipt of such notice in accordance with Section 24 23 below.

Appears in 1 contract

Samples: Employment Agreement (Comverse Technology Inc/Ny/)

Termination of Employment by the Executive for Good Reason. The Executive may terminate his employment for Good Reason, provided that the actual date of the termination of the Executive's employment occurs during the 60-day period immediately following the date that the events or actions constituting Good Reason first become known to the Executive. Upon a termination by the Executive of his employment for Good Reason, the Executive shall be entitled to the same payments and benefits as provided in Section 11(d) above. In no event shall a termination of the Executive's employment for Good Reason occur unless and until the Executive provides the Company, within sixty (60) calendar days of becoming aware of the facts and circumstances underlying the finding of Good Reason, with gives written notice thereof to the Company in accordance with Section 24 26 below stating with specificity the facts and circumstances underlying the finding of events or actions that constitute Good Reason and, if the basis for such finding of Good Reason is capable of being cured by the Company, and providing the Company with an opportunity to cure the same (if curable) within thirty (30) calendar days after receipt a reasonable period of such notice in accordance with Section 24 belowtime.

Appears in 1 contract

Samples: Employment Agreement (Imclone Systems Inc/De)

Termination of Employment by the Executive for Good Reason. The Executive may terminate his employment for Good Reason, provided that the actual date of the termination of the Executive's employment occurs during the 75-day period immediately following the date that the events or actions constituting Good Reason first become known to the Executive. Upon a termination by the Executive of his employment for Good Reason, the Term of Employment shall end as of the date of such termination and the Executive shall be entitled to the same payments and benefits as provided in Section 11(d10(d) above. In no event shall a termination of the Executive's employment for Good Reason occur unless and until the Executive provides the Company, within sixty (60) calendar days of becoming aware of the facts and circumstances underlying the finding of Good Reason, with gives written notice thereof to the Company in accordance with Section 24 25 below stating with reasonable specificity the facts and circumstances underlying the finding of events or actions that constitute Good Reason and, if the basis for such finding within 45 days of Good Reason is capable of being cured by the Company, their occurrence and providing the Company with an opportunity to cure the same (if curable) within thirty (30) calendar days after receipt of such notice in accordance with Section 24 below30 days.

Appears in 1 contract

Samples: Employment Agreement (Imclone Systems Inc)

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Termination of Employment by the Executive for Good Reason. The Executive may terminate his employment for Good Reason, provided that the Termination Date occurs during the 120-day period immediately following the date that the events or actions constituting Good Reason first become known to the Executive. Upon a termination by the Executive of his employment for Good Reason, the Term of Employment shall end as of the date of the termination of the Executive’s employment for Good Reason and the Executive shall be entitled to the same payments and benefits as provided in Section 11(d) above. In no event shall a termination of the Executive's ’s employment for Good Reason occur unless and until the Executive provides the Company, within sixty (60) calendar days of becoming aware of the facts and circumstances underlying the finding of Good Reason, with gives written notice thereof to the Company in accordance with Section 24 26 below stating with specificity the facts and circumstances underlying the finding of events or actions that constitute Good Reason and, if the basis for such finding of Good Reason is capable of being cured by the Company, and providing the Company with an opportunity to cure the same (if curable) within thirty (30) calendar days after receipt a reasonable period of such notice in accordance with Section 24 belowtime.

Appears in 1 contract

Samples: Employment Agreement (Perry Ellis International Inc)

Termination of Employment by the Executive for Good Reason. The Executive may terminate his employment for Good Reason, provided that the actual date of the termination of the Executive's employment occurs during the 60-day period immediately following the date that the events or actions constituting Good Reason first occur. Upon a the Executive's termination by the Executive of his employment for Good Reason, the Executive shall be entitled to the same payments and benefits as provided in Section 11(d) above. In no event shall a termination of the Executive's employment for Good Reason occur unless and until the Executive provides the Company, within sixty (60) calendar days of becoming aware of the facts and circumstances underlying the finding of Good Reason, with gives written notice thereof to the Company in accordance with Section 24 26 below stating with specificity the facts and circumstances underlying the finding of events or actions that constitute Good Reason and, if the basis for such finding of Good Reason is capable of being cured by the Company, and providing the Company with an opportunity to cure the same (if curable) within thirty (30) 20 calendar days after receipt of such notice in accordance with Section 24 belowfirst giving notice.

Appears in 1 contract

Samples: Employment Agreement (Comverse Technology Inc/Ny/)

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