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 at the end of the 10-day period following the date that the Executive notifies the Company in writing in accordance with Section 23 below that he intends to terminate his employment for Good Reason (the "Notification Date"), such notice to state in detail the particular event that constitutes Good Reason. The Company shall have reasonable opportunity to cure the event constituting Good Reason; provided, however, that if the Company has not cured such event to the reasonable satisfaction of Executive (and the Executive has not waived the Company's failure to cure) during the 10-day period following the Notification Date (the "Curing Period"), the Executive may terminate his employment following the end of the Curing Period; provided, however, that the Executive may not terminate his employment for Good Reason after the end of the 30-day period following the date the event constituting Good Reason first occurs. 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.

Termination of Employment by the Executive for Good Reason. The Executive may terminate his employment for Good Reason at the end of the 10-day period following the date that the Executive notifies the Company in writing in accordance with Section 23 below that he intends to terminate his employment for Good Reason (the "Notification Date"), such notice to state in detail the particular event that constitutes Good Reason. The Company shall have reasonable opportunity to cure the event constituting Good Reason; providedPROVIDED, howeverHOWEVER, that if the Company has not cured such event to the reasonable satisfaction of Executive (and the Executive has not waived the Company's failure to cure) during the 10-day period following the Notification Date (the "Curing Period"), the Executive may terminate his employment following the end of the Curing Period; providedPROVIDED, howeverHOWEVER, that the Executive may not terminate his employment for Good Reason after the end of the 30-day period following the date the event constituting Good Reason first occurs. 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.