Good Reason definition
Examples of Good Reason in a sentence
Upon the Participant’s Termination of Employment by the Company without Cause or by the Participant for Good Reason, any Restricted Stock that remains subject to the Restrictions, other than the Pro Rata RS Portion, shall be immediately forfeited.
Upon a Participant’s Termination of Employment by reason of a voluntary resignation (other than for Good Reason or Retirement) prior to the end of the workday on [September 30, 2026/December 31, 2028], the Participant will immediately forfeit the Target PRSU Award as of the date of such Termination of Employment.
With respect to any Participant who incurs a Termination of Employment by the Company without ▇▇▇▇▇ or resigns for Good Reason prior to a Change in Control, if a Change in Control occurs thereafter during the Performance Period, such Participant’s Performance Award will immediately become vested and be paid to the Participant as soon as practicable.
With respect to any Participant who incurs a Termination of Employment by the Company without Cause or resigns for Good Reason prior to a Change in Control, if a Change in Control occurs thereafter during the Performance Period, such Participant’s Pro Rata PRSU Portion, will immediately become vested and be paid the Participant as soon as practicable.
Notwithstanding the foregoing and subject to Section 11 of this Agreement, upon a Participant’s Termination of Employment by the Company without Cause or by the Participant for Good Reason on or after a Change in Control but prior to the second anniversary of such Change in Control, subject to the Participant’s execution of a Release, the Participant’s PRSU Award shall immediately become vested at the target level and such amount will be paid to the Participant as soon as practicable.