Common use of Voluntary Resignation for Good Reason Clause in Contracts

Voluntary Resignation for Good Reason. Should you resign from your employment for Good Reason, you will be treated as if your employment had been terminated without Cause pursuant to subparagraph 2(e) above. “Good Reason” shall mean the occurrence of any of the following events or conditions, unless you have expressly consented in writing thereto: (i) a material reduction in your Base Salary or target annual bonus opportunity; (ii) a material reduction of your duties and responsibilities; or (iii) the Company provides you with notice that your principal office location is or will be moved to a location more than fifty (50) miles from your principal office location immediately before such notice, other than to a location that is within the greater Philadelphia metropolitan area. Notwithstanding the foregoing, you shall not have Good Reason for termination unless you give written notice of termination for Good Reason within sixty (60) days after the event giving rise to Good Reason occurs and the Company does not correct the action or failure to act that constitutes the grounds for Good Reason, as set forth in your notice of termination, within thirty (30) days after the date on which you give written notice of termination.

Voluntary Resignation for Good Reason. Should you resign from your employment for Good Reason, you will be treated as if your employment had been terminated without Cause pursuant to subparagraph 2(e) above. “Good Reason” shall mean the occurrence of any of the following events or conditions, unless you have expressly consented in writing thereto: (i) a material reduction in your Base Salary or target annual bonus Annual Bonus opportunity; (ii) a material reduction of your duties and responsibilities; or (iii) the Company provides you with notice that your principal office location is or will be moved to a location more than fifty (50) miles from your principal office location immediately before such notice, other than to a location that is within the greater Philadelphia metropolitan area. Notwithstanding the foregoing, you shall not have Good Reason for termination unless you give written notice of termination for Good Reason within sixty (60) days after the event giving rise to Good Reason occurs and the Company does not correct the action or failure to act that constitutes the grounds for Good Reason, as set forth in your notice of termination, within thirty (30) days after the date on which you give written notice of termination.

Voluntary Resignation for Good Reason. Should you resign from your employment for Good Reason, you will be treated as if your employment had been terminated without Cause pursuant to subparagraph 2(e) above. “Good Reason” shall mean the occurrence of any of the following events or conditions, unless you have expressly consented in writing thereto: (i) a material reduction in your Base Salary or target annual bonus opportunity; (ii) a material reduction of your duties and responsibilities; or (iii) the Company provides you with notice that your principal office location is or will be moved to a location more than fifty (50) miles from your principal office location immediately before such notice, other than to a location that is within the greater Philadelphia metropolitan Los Angeles, California area. Notwithstanding the foregoing, you shall not have Good Reason for termination unless you give written notice of termination for Good Reason within sixty (60) days after the event giving rise to Good Reason occurs and the Company does not correct the action or failure to act that constitutes the grounds for Good Reason, as set forth in your notice of termination, within thirty (30) days after the date on which you give written notice of termination.