Voluntary Resignation with Good Reason Sample Clauses

Voluntary Resignation with Good Reason. The Executive may resign from his employment with the Bank hereunder with Good Reason. For purposes of this Agreement, a voluntary resignation by the Executive shall be considered a voluntary resignation with Good Reason if the conditions stated in both clauses (x) and (y) are satisfied –
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Voluntary Resignation with Good Reason. During the Employment Period, the Employee may terminate his employment for “Good Reason” as defined below. For purposes of this Agreement, “Good Reason” shall mean:
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Voluntary Resignation with Good Reason. In the event of a resignation by the Executive with "Good Reason," the Warrant and the ISOs shall become fully vested. For this purpose "Good Reason" shall mean a material reduction in the responsibilities or authority of the Executive with respect to the Corporation's business from the Executive's responsibilities and authority as they existed on October 10, 1997, or the requirement that the Executive perform the material duties and responsibilities for the Corporation from a location outside the metropolitan Atlanta, Georgia area.
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Voluntary Resignation with Good Reason. Executive may terminate his employment following a material breach of this Agreement by the Company by notifying the Company of his intent to terminate as a result of a material breach of this Agreement, which notice shall set forth in reasonable detail the facts and circumstances believed to be the basis for such material breach. The Company shall be provided thirty (30) business days in which to cure or correct such alleged breach. If the Company fails to cure or correct such material breach within this thirty (30) day period, Executive's voluntary resignation shall be deemed the same as a termination without cause, and Executive shall be entitled to receive all payments and benefits set forth in Section 4(d) of this Agreement.
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Voluntary Resignation with Good Reason. You may voluntarily resign your position with the Company for Good Reason, at any time, on thirty (30) days advance written notice. You will be deemed to have resigned for "Good Reason" if you resign following any of the circumstances: (a) the Company relocates your principal work location from the location in Texas you designate at the commencement of your employment without your agreement (b) the Company assigns to you any duties inconsistent with your position as Chief Executive Officer and President of the Company, or substantially diminishes your status, responsibilities or organizational position (c) your Base Salary is reduced more than ten percent (10%) (d) the Company (i) fails to continue in effect, at a level at least equal to the compensation or benefits (or formulas therefore) in effect immediately prior to a Change of Control (as defined in Paragraph 6.3), any compensation plan in which you participated prior to the Change of Control, including, but not limited to, the Company's incentive compensation plans (including stock option and stock purchase plans), or (ii) makes any change to such compensation plans or benefits which has the effect of substantially diminishing the level of your overall benefits received under this Agreement, unless an equitable arrangement has been made with respect to such compensation plan or benefits that you have approved (d) a Change of Control (as defined in Paragraph 6.3) occurs (e) you are involuntarily removed from the Company's Board of Directors or the stockholders of the Company vote to remove you from the Company's Board in any vote taken for that purpose (except where you have been terminated for "Good Cause" as defined in Paragraph 6.2) or (f) the Company has breached a material provision of this Agreement that has not been cured within 30 days of written notice from you to the Company.
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Related to Voluntary Resignation with Good Reason

  • Voluntary Resignation without Good Reason The Executive may voluntarily terminate employment without Good Reason upon 30 days’ prior written notice to the Company. In such event, after the effective date of such termination, no payments shall be due under this Agreement, except that the Executive shall be entitled to any Accrued Obligations.

  • Resignation with Good Reason The Executive may resign from his employment with Good Reason.

  • Voluntary Resignation The Executive may terminate his employment at any time upon thirty (30) days prior written notice to the Company. In the event of the Executive’s voluntary termination of his employment other than for Good Reason (as defined below), the Company shall have no obligation to make payments to the Executive in accordance with the provisions of Sections 3 or 4 above, except as otherwise required by this Agreement or by applicable law, or to provide the benefits described in Section 5 above, for periods after the date on which the Executive's employment with the Company terminates due to the Executive 's voluntary termination, except for the payment of the Base Salary accrued through the date of such resignation.

  • Voluntary Resignation; Termination for Cause If Executive’s employment with the Company terminates (i) voluntarily by Executive (other than for Good Reason) or (ii) for Cause by the Company, then Executive will not be entitled to receive severance or other benefits except for those (if any) as may then be established under the Company’s then existing severance and benefits plans and practices or pursuant to other written agreements with the Company.

  • Termination Without Cause; Resignation for Good Reason (i) The Company may terminate Executive’s employment with the Company at any time without Cause (as defined below). Further, Executive may resign at any time for Good Reason (as defined below).

  • Termination for Cause; Resignation Without Good Reason If the Company terminates Executive’s employment with the Company for Cause, or Executive resigns without Good Reason, then Executive will not be entitled to any further compensation from the Company (other than accrued salary, and accrued and unused vacation, through Executive’s last day of employment), including severance pay, pay in lieu of notice or any other such compensation.

  • Termination without Cause or Resignation with Good Reason The Company may terminate the Term of Employment without Cause, and the Executive may terminate the Term of Employment for Good Reason, at any time upon written notice. If the Term of Employment is terminated by the Company without Cause (other than due to the Executive’s death or Disability) or by the Executive for Good Reason, in either case prior to the date of a Change in Control or more than one year after a Change in Control, the Executive shall be entitled to the following:

  • Involuntary Termination Without Cause and Voluntary Termination with Good Reason With written notice to the Executive at least thirty (30) days in advance, the Bank may terminate the Executive’s employment without Cause. Termination shall take effect at the end of the notice period. With advance written notice to the Bank as provided in clause (y), the Executive may terminate employment for Good Reason. If the Executive’s employment terminates involuntarily without Cause or voluntarily but with Good Reason, the Executive shall be entitled to the benefits specified in Article 4 of this Agreement. For purposes of this Agreement, a voluntary termination by the Executive shall be considered a voluntary termination with Good Reason if the conditions stated in both clauses (x) and (y) of this Section 3.4 are satisfied:

  • Voluntary Resignation by Executive Without Good Reason Executive may voluntarily resign Executive’s position with Company without Good Reason, at any time after the Initial Term, on thirty (30) days’ advance written notice. In the event of Executive’s resignation without Good Reason, Executive will be entitled to receive only the Base Salary for the thirty-day notice period and no other amount for the remaining months of the current term, if any. All other Company obligations to Executive pursuant to this Agreement will become automatically terminated and completely extinguished. In addition, executive will not be entitled to receive the Severance Payment described in subparagraph 7.2 above.

  • Voluntary Resignation or Termination for Cause If the Employee's employment with the Company terminates as a result of the Employee's voluntary resignation which is not an Involuntary Termination or if the Employee is terminated for Cause at any time after a Change of Control, then the Employee shall not be entitled to receive severance or other benefits hereunder, but may be eligible for those benefits (if any) as may then be established under the Company's then existing severance and benefits plans and policies at the time of such termination.

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