Good Reasons definition
Good Reasons means an impairment of the Employee's health to an extent that it makes continued performance of his duties hereunder hazardous to his physical or mental health.
Good Reasons any reduction in Employee's Base Salary or Target Bonus;
Good Reasons means the termination by the Executive Participant of his employment if there is: (a) a material reduction by the Corporation in his salary or remuneration (other than a proportional decrease applicable to all Executive Participants); (b) the failure of the Corporation to pay the Executive Participant any portion of his salary or remuneration at the time such payment is due, which breach is not cured within 30 days after such Executive Participant provides written notice to the Corporation thereof; or (c) a material unilateral reduction in the responsibilities or duties of such Executive Participant;
Examples of Good Reasons in a sentence
Failure of the Company to obtain such assumption and agreement prior to the effectiveness of any such succession shall be a breach of this Agreement and shall entitle the Executive to compensation from the Company in the same amount and on the same terms as he would be entitled to hereunder if he terminated his employment for Good Reasons, except that for purposes of implementing the foregoing, the date on which any such succession becomes effective shall be deemed the Date of Termination.
If the Company shall take the necessary steps to remedy the condition constituting Good Reason(s) for termination within 30 days after the receipt of such notice, then a reason for termination for Good Reason shall be deemed not to have occurred.
Executive may terminate his employment with the Company (1) for Good Reason within sixty (60) consecutive days following the occurrence of an event or events constituting such Good Reasons; or (2) for the convenience of Executive.
The Employee shall give notice to the Company that the Employee intends to resign for one of the Good Reasons listed above, detailing such Good Reason with specificity.
The Executive may terminate his employment under this Agreement for “Good Reason” (as defined below in Section 4.5.2) by delivery of written notice to the Company specifying the Good Reason(s) relied upon by the Executive for such termination in accordance with the requirements of such section.
More Definitions of Good Reasons
Good Reasons means a termination of employment following: (a) a Deemed Demotion which results without the Employee's express written consent and which continues, for a period of twenty (20) days after written notice thereof to the Company from the Employee with a "Deemed Demotion" being defined as (i) the assignment to the Employee of any duties, or any limitation of the Employee's responsibilities, inconsistent with the Employee's positions, duties, responsibilities and status with the Company immediately prior to the date of the Change of Control Event, or (ii) a removal of the Employee from the Employee's position with the Company held by the Employee in contemplation of a Change of Control Event, except in connection with the termination of the employment of the Employee by the Company for Cause or as a result of the death or Permanent Disability of the Employee; (b) any failure by the Company to pay, or any reduction by the Company of, the Employee's base annual salary or bonus compensation in effect immediately prior to the date of the Change of Control Event; (c) any failure by the Company to (i) continue to provide the Employee with the opportunity to participate, on terms no less favorable than those in effect immediately prior to the date of the Change of Control Event, in any benefit plans and programs, including, but not limited to, the Company's life, disability, health, dental, medical, bonus savings and retirement plans in which the Employee was participating immediately prior to the date of the Change of Control Event, or their equivalent, or (ii) provide the Employee with all other fringe benefits (or their equivalent) from time to time in effect for the benefit of any executive, management or administrative group which customarily includes a person holding the employment position with the Company then held by the Employee; (d) without the Employee's express written consent, the relocation of the principal place of the Employee's employment to a location that is more than 20 miles further from the Employee's principal residence than such principal place of employment immediately prior to the date of the Change of Control Event, or the imposition of travel requirements on the Employee not substantially consistent with normal day-to-day travel requirements existing immediately prior to the date of the Change of Control Event and/or (e) a good faith determination by the Employee, in his sole judgment, that the continuation of the Employee's employment wit...
Good Reasons. (A) incapacity (for greater than three consecutive months) of Spokesperson, (B) insolvency of the other Party or (C) upon the Parties’ mutual written agreement.
Good Reasons means (i) failure by the Company to maintain Executive in the positions described in Section 2 or assignment to Executive of duties materially inconsistent with such positions, (ii) failure by the Company to provide Executive with the compensation and benefits described in Section 3, or (iii) relocation of Executive's principal place of work to a location more than 50 miles from the previous location.
Good Reasons means a resignation by the Executive of his employment with the Corporation or its direct or indirect subsidiary after the occurrence of any of the following events:
Good Reasons means a termination or completion of an employment or engagement with the Company which occurs in accordance with the terms and conditions of such employment or engagement including, but not limited to, the expiration of a director's term on the Board of Directors of the Company or a substantial diminution in the nature and status of the Holder's duties, responsibilities and reporting relationships with respect to the Company, as determined by the Company.
Good Reasons means (A) the Company’s material breach of any provisions contained in the employment agreement between the Company and the relevant Special Manager or Special Director; or (B) a significant, sustained reduction in or adverse modification of the nature and scope of the authority, duties or privileges of the Special Manager or Special Director while being employed (whether or not accompanied by a change in title), but in each case only if such Good Reasons have not been corrected or cured by the Employer within 30 days after the Employer receives written notice from the Employee of his intent to terminate his employment for Good Reasons.
Good Reasons means a termination or completion of an employment or engagement with the Company which occurs in accordance with the terms and conditions of such employment or engagement including, but not limited to, the expiration of a director's term on the Board of Directors of the Company or a substantial diminution in the nature and status of the Participant's duties, responsibilities and reporting relationships with respect to the Company, as determined by the Committee.