Voluntary Resignation for Good Reason definition

Voluntary Resignation for Good Reason means Executive’s resignation as a result of a Good Reason Condition in accordance with this subsection (i). In order for a resignation to constitute a Voluntary Resignation for Good Reason, Executive must provide written notice to the Company of the existence of the Good Reason Condition within thirty (30) days of the initial existence of such Good Reason Condition. Upon receipt of such notice of the Good Reason Condition, the Company will be provided with a period of thirty (30) days during which it may remedy the Good Reason Condition and not be required to provide for the payments and benefits described in Sections 3 or 4 as a result of such proposed resignation due to the Good Reason Condition specified in the notice. If the Good Reason Condition is not remedied within the period specified in the preceding sentence, Executive may resign for Good Reason based on the Good Reason Condition specified in the notice, provided that such resignation must occur within sixty (60) days after the initial existence of such Good Reason Condition.
Sample 1Sample 2Sample 3
Voluntary Resignation for Good Reason means the voluntary resignation from employment by an Eligible Employee following the occurrence, on or after a Change of Control, of one or more of the following (without cure within thirty (30) days following written notice by the Eligible Employee to the Company):
Sample 1Sample 2Sample 3
Voluntary Resignation for Good Reason means Executives voluntary resignation of Executive's employment with the Company within thirty (30) days following the expiration of any Company cure period (discussed below) following the occurrence of one or more of the following, without Executive's consent: (i) the assignment to Executive of any authority, duties, or responsibilities, or the reduction of Executive's authority, duties, or responsibilities, either of which results in a material diminution of Executive's authority, duties, or responsibilities with the Company in effect immediately prior to such assignment, or the removal of Executive from Executive's authority, duties, or responsibilities with the Company in effect immediately prior to such removal; provided, however, that the Company's hiring of a new Chief Executive Officer following the date hereof (and removal of Executive from such office) and reassignment of Executive to a Vice President level or superior position or executive office of the Company (with a corresponding reduction in authority, duties, or responsibilities based on such title change) will not constitute "Good Reason" hereunder; (ii) a material reduction of Executive's Base Salary (in other words, a reduction of more than ten percent of Executive's Base Salary in any one year); (iii) a material change in the geographic location at which Executive must perform services (in other words, the relocation of Executive to a facility that is more than fifty (50) miles from Executive's current location); and (iv) the failure of the Company to obtain assumption of this Agreement by any successor. Executive will not resipt for Good Reason without first providing the Company with written notice of the acts or omissions constituting the grounds for "Good Reason" within ninety (90) days of the initial existence of the grounds for "Good Reason" and a reasonable cure period of not less than thirty (30) days following the date of such notice.
Sample 1Sample 2

Examples of Voluntary Resignation for Good Reason in a sentence

  • In order for a resignation to constitute a Voluntary Resignation for Good Reason, Executive must provide written notice to the Company of the existence of the Good Reason Condition within thirty (30) days of the initial existence of such Good Reason Condition.

  • In the event of a Termination Without Cause as defined above in Section 7 or a Voluntary Resignation for Good Reason as defined above in Section 9, Executive shall be entitled to receive payments equal to two (2) times his then current base salary plus two (2) times his three (3) year average cash incentive payments.

  • Executive’s employment with the Company has been terminated as a result of a Change in Control, an Involuntary Termination Without Cause or a Voluntary Resignation for Good Reason, as defined in the Agreement, by which Executive became eligible for benefits upon termination of employment.

  • Executive may terminate Executive's employment hereunder for Good Reason (a "Voluntary Resignation for Good Reason") upon at least sixty (60) days' written notice to the Company in the form of a notice of resignation (the "Notice of Resignation").

  • For purposes of the foregoing, a “substantially equivalent or comparable position” is one that offers the employee substantially the same level of responsibility and compensation; provided, however, that an employee shall not be considered to be offered a “substantially equivalent or comparable position” if a voluntary resignation by the employee would constitute Voluntary Resignation for Good Reason.

  • In the event of a Termination Without Cause as defined above in Section 7 or a Voluntary Resignation for Good Reason as defined above in Section 9, Executive shall be entitled to receive payments equal to two (2) times her then current base salary plus two (2) times her three (3) year average cash incentive payments.

  • For purposes of this Agreement, a "Qualifying Termination" shall mean termination of Executive's employment hereunder due to either a Discharge Without Cause or a Voluntary Resignation for Good Reason.

  • The term port-to-port means containers packed by Shipper are delivered by Shipper or Shipper's designated inland carrier to and accepted by Carrier at a designated origin port, and are transported to a destination port for delivery to and pick- up by Consignee or Consignee's designated inland carrier.

  • Termination Date shall mean the date the Officer’s employment is terminated either by the Company other than for Cause or by the Officer’s Voluntary Resignation for Good Reason.

  • Event(1)Involuntary Termination Without Cause or Voluntary Resignation for Good Reason, Including in Connection with a Change in ControlLois K.


More Definitions of Voluntary Resignation for Good Reason

Voluntary Resignation for Good Reason means the occurrence of any one of the following events:
Sample 1Sample 2
Voluntary Resignation for Good Reason means:
Sample 1Sample 2
Voluntary Resignation for Good Reason means the voluntary termination of employment with the Company by the Participant after one of the following events or actions is undertaken without the Participant’s written consent:
Sample 1

Related to Voluntary Resignation for Good Reason

  • Resignation for Good Reason means Executive’s resignation from all employee positions Executive then holds with the Company within sixty (60) days following any of the following events taken without Executive’s consent, provided Executive has given the Company written notice of such event within thirty (30) days after the first occurrence of such event and the Company has not cured such event within thirty (30) days thereafter:

  • Voluntary Termination for Good Reason means that the Executive voluntarily terminates his employment after any of the following are undertaken without Executive’s express written consent:

  • Voluntary Resignation means any resignation by Employee other than Employee's Termination for Good Reason, as set forth in Subsection 3(f) of this Agreement, or Employee's resignation following Employee's receipt of a Non-Renewal Notice from Paxson.

  • Termination for Good Reason means a Termination of Employment by Executive for a Good Reason.

  • Termination for Cause or "Cause" shall mean personal dishonesty, incompetence, willful misconduct, breach of fiduciary duty involving personal profit, intentional failure to perform stated duties, willful violation of any law, rule or regulation (other than traffic violations or similar offenses), or final cease and desist order, or any material breach of this Agreement, in such case as measured against standards generally prevailing at the relevant time in the savings and community banking industry. For purposes of this Section, no act, or the failure to act, on the Executive's part shall be "willful" unless done, or omitted to be done, in bad faith and without reasonable belief that the action or omission was in the best interest of the Bank or its affiliates. Any act, or failure to act, based upon authority given pursuant to a resolution duly adopted by the Board or based upon the written advice of counsel for the Bank shall be conclusively presumed to be done, or omitted to be done, by the Executive in good faith and in the best interests of the Bank. Notwithstanding the foregoing, the Executive shall not be deemed to have been terminated for Cause unless and until there shall have been delivered to him a Notice of Termination which shall include a copy of a resolution duly adopted by the affirmative vote of not less than three-fourths of the members of the Board at a meeting of the Board called and held for that purpose (after reasonable notice to the Executive and an opportunity for him, together with counsel, to be heard before the Board), finding that in the good faith opinion of the Board, the Executive was guilty of conduct justifying Termination for Cause and specifying the particulars thereof in detail. The Executive shall not have the right to receive compensation or other benefits for any period after Termination for Cause.

  • Notice of Termination for Good Reason shall have the meaning set forth in Section 1(t).

  • Good Reason means:

  • For Good Reason as defined in Section 6.4.

  • Voluntary Termination means termination by the Employee of the Employee's employment with the Company, excluding termination by reason of Employee's death or disability as described in Sections 2.5 and 2.6.

  • Involuntary Termination Without Cause means Executive’s dismissal or discharge other than for Cause. The termination of Executive’s employment as a result of Executive’s death or disability will not be deemed to be an Involuntary Termination Without Cause.

  • Constructive Termination Without Cause means the termination of the Executive’s employment at his initiative after, without the Executive’s prior written consent, one or more of the following events:

  • Termination for Just Cause means termination because of Executive’s personal dishonesty, incompetence, willful misconduct, breach of fiduciary duty involving personal profit, intentional failure to perform stated duties, willful violation of any law, rule or regulation (other than traffic violations or similar offenses) or final cease-and-desist order, or material breach of any provision of this Agreement.

  • Due Cause means any of the following events:

  • For Cause means:

  • Constructive Termination means:

  • Good Reason Termination means a termination of employment or service initiated by the Participant upon or after a Change of Control upon one or more of the following events:

  • Without Cause Termination or “Terminated Without Cause” means termination of the Executive’s employment by the Company other than due to death, disability, or Termination for Cause.

  • Effective Termination Date has the meaning set forth in Section 10(b) hereof.

  • Termination Without Cause means termination by the Company other than due to the Executive’s death or disability or Termination With Cause.

  • Involuntary Termination means a termination of your employment with the Company pursuant to either (i) a termination initiated by the Company without Cause, or (ii) your resignation for Good Reason, and provided in either case such termination constitutes a Separation from Service. An Involuntary Termination does not include any other termination of your employment, including a termination due to your death or disability.

  • Involuntary Termination of Employment means any termination of Executive's employment by the Company and its subsidiaries, other than a termination for Cause or due to death or Disability.

  • Good Reason Event means (1) fraud, criminal conduct or willful misconduct by or on the part of the Company, (2) a representation or warranty made by the Company herein proving to be untrue in any material respect, or (3) a default in the due performance or observance by the Company of any covenant or agreement contained in this Agreement and such default continuing unremedied for a period of 30 days after written notice thereof to the Company by the Dealer Manager.

  • Without Cause means a termination by the Company of the Employee’s employment during the Employment Period for any reason other than a termination based upon Cause, death or Disability.

  • Just Cause means:

  • Without Good Reason means termination of Executive’s employment by Executive other than For Good Reason pursuant to SECTION 3.2(b) below.

  • with cause means: (i) any material breach of the Agreement by Sub-Adviser; (ii) any federal or state regulatory violation by Sub-Adviser; and (iii) any material financial or other impairment that in the reasonable judgment of CSIM impairs Sub-Adviser’s ability to perform the Services.