Resignation with definition

Resignation with. GOOD REASON" means (i) breach by the Company of Executive's Employment Agreement or any other material legal obligation to Executive in any material respect and failure to cure such breach within 15 days of receipt from Executive of a written demand for cure delivered to the Company within 60 days after Executive became aware of the breach, followed by resignation by Executive of Executive's employment within 30 days after the end of such 15-day cure period; or (ii) resignation by Executive of Executive's employment within 30 days after (A) being directed to relocate Executive's primary work location by more than 25 miles, which relocation would increase Executive's commuting distance over the
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Resignation with. GOOD REASON" means (i) breach by the Company of Optionee's Employment Agreement or any other material legal obligation to Optionee in any material respect and failure to cure such breach within 15 days of receipt from Optionee of a written demand for cure delivered to the Company within 60 days after Optionee became aware of the breach, followed by resignation by Optionee of Optionee's employment within 30 days after the end of such 15-day cure period; or (ii) resignation by Optionee of Optionee's employment within 30 days after (A) being directed to relocate Optionee's primary work location by more than 25 miles, which relocation would increase Optionee's commuting distance over the distance to Optionee's primary work location before the change; (B) Optionee's level of responsibility, duties, title, or reporting relationships are diminished in any material way; (C) Optionee's annual salary is reduced below $400,000 or by more than 15% in any 365-day period; (D) Optionee's bonus or other incentive compensation eligibility or participation is reduced disproportionately to other Executive Officers, taking into account relative annual salary levels (provided that non-payment to Optionee of incentive compensation because of Optionee's failure to achieve reasonable performance milestones consistent with a written incentive compensation plan that was fairly administered will not constitute Good Reason); or (E) any successor to the Company or its business fails in any acquisition of the Company or its business, or any other reorganization or change-in-control transaction to assume in full all of the obligations of the Company under this Addendum.
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Examples of Resignation with in a sentence

  • The Executive shall give the Company at least 30 days' prior written notice of a Resignation, with the effective date of such Resignation specified therein.

  • Provided further, that a Resignation with Good Reason along with the reasons on which it is based shall be given to Employer, which shall then have ten calendar days to address and cure such reasons.

  • Any Notice of Resignation with Good Reason shall be deemed to be effective immediately, and no other notice or opportunity to cure shall be required.

  • Except in the case of a Resignation for Good Reason, as hereinafter defined, the Executive shall give the Company and the Board at least 90 days' prior written notice of a Resignation, with the effective date of such Resignation specified therein.

  • A Resignation with Good Reason may occur if Employee is not compensated as provided herein for a period exceeding four weeks or is otherwise materially and adversely affected by Employer’s breach hereof as to the terms and conditions of his employment.

  • In the event he believes "Good Reason" exists for his resignation, the Executive shall be required to give the President/Chief Executive Officer of the Company written notice of the acts or omissions constituting Good Reason, and no Notice of Resignation with Good Reason shall be communicated to the Company unless and until the Company fails to cure such acts or omissions within thirty (30) days after receipt of the notice described in this sentence.

  • If the failure, breach or infraction is timely cured by the Company, the notice of Resignation with Good Reason shall become null and void.

  • The Executive shall give the Company and the Board at least 30 days' prior written notice of a Resignation, with the effective date of such Resignation specified therein.

  • If the failure, breach or infraction is timely cured by the Company, the notices of Resignation with Good Reason shall become null and void.

  • The Executive shall give the Company and the Board at least 90 days' prior written notice of a Resignation, with the effective date of such Resignation specified therein.

Related to Resignation with

  • Resignation Letter means a letter substantially in the form set out in Schedule 7 (Form of Resignation Letter).

  • Resignation means a voluntary notice by the employee that they are terminating their service on the date specified;

  • Voluntary Resignation means any Termination by Employee for any reason other than a Constructive Termination.

  • Resignation for Good Reason means a Separation as a result of your resignation within 12 months after one of the following conditions has come into existence without your consent:

  • Resignation Effective Date has the meaning specified in Section 9.06(a).