Good Reason definition
Examples of Good Reason in a sentence
If the Employee’s employment is terminated (x) by the Company for Cause or (y) by the Employee without Good Reason, then the Company shall pay to the Employee the Accrued Benefits (other than the benefit described in clause (ii) of the definition of Accrued Benefits) within thirty (30) days following the Termination Date, or such earlier date as may be required by applicable law.
If the Employers remedy the condition within such thirty (30) day cure period, then no Good Reason shall be deemed to exist with respect to such condition.
If the Employee’s employment is terminated (x) by the Company for Cause or (y) by the Employee other than for Good Reason, then the Company shall pay to the Employee the Accrued Benefits (other than the benefit described in clause (ii) of the definition of Accrued Benefits) within thirty (30) days following the Termination Date, or such earlier date as may be required by applicable law.
Any purported termination of the Executive’s employment by the Employers for Cause, Disability or Retirement or by the Executive for Good Reason shall be communicated by written “Notice of Termination” to the other party hereto.
If the Employers do not remedy the condition within such thirty (30) day cure period, then the Executive may deliver a Notice of Termination for Good Reason at any time within sixty (60) days following the expiration of such cure period.