With Reason definition

With Reason means an Employee’s separation from service with the Employee’s Employer as a result of either (a) a material reduction in Employee’s Base Salary or Target Bonus without Employee’s consent, or (b) a "Change in Control" as defined under the definition of Control Termination and, following Employee’s written request made prior to the Change in Control, the ultimate parent entity or entities directly or indirectly gaining control of a majority of the Board of Directors of CNO or outstanding securities entitled to vote with respect to the Board of Directors of CNO fails to affirm and guarantee the Employer’s current and future obligations under this Plan; provided that the events described in clauses (a) and (b) above shall constitute With Reason only if the Employer fails to cure such event (if capable of being cured) within 30 days after receipt from Employee of written notice of the event which constitutes With Reason; provided, further, that With Reason shall cease to exist for an event on the 60th day following the later of its occurrence or Employee’s knowledge thereof, unless Employee has given the Employer written notice thereof prior to such date. An Employee’s termination of employment with the Employee’s Employer With Reason shall be deemed an involuntary termination under the Plan.
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With Reason means an Employee's separation from service with the Employee's Employer as a result of either (a) a material reduction in Employee's Base Salary or Target Bonus without Employee's consent, or (b) a "Change in Control" as defined under the definition of Control Termination and, following Employee's written request made prior to the Change in Control, the ultimate parent entity or entities directly or indirectly gaining control of a majority of the Board of Directors of CNO or outstanding securities entitled to vote with respect to the Board of Directors of CNO fails to affirm and guarantee the Employer's current and future obligations under this Plan; provided that the events described in clauses (a) and (b) above shall constitute With Reason only if the Employer fails to cure such event (if capable of being cured) within 30 days after receipt from Employee of written notice of the event which constitutes With Reason; provided, further, that With Reason shall cease to exist for an event on the 60th day following the later of its occurrence or Employee's knowledge thereof, unless Employee has given the Employer written notice thereof prior to such date. An Employee's termination of employment with the Employee's Employer With Reason shall be deemed an involuntary termination under the Plan.
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Examples of With Reason in a sentence

  • Without limiting the foregoing, Executive may terminate his employment With Reason pursuant to Section 10(d) below.

  • All options, restricted stock and/or other equity awards held by Executive on the date of termination shall be treated in accordance with the applicable award agreements unless, if Executive voluntarily resigns (other than With Reason) and Executive qualifies for Retirement as defined in such awards then the provisions for Retirement under such awards shall apply.

  • I’ll put it down as authorised absence.” When challenged about the suggestion that the absence would not be taken against him he understood that to mean in respect of attendance and discipline but not in respect of redundancy.The Tribunal is satisfied that there is nothing to suggest that the arrangement reached in respect of the claimant’s absence on 9 May had anything to do with excluded absences within the meaning of the redundancy procedure.

  • Forms for certificates of origin are issued by the department in triplicate.

  • The following table contains the amounts that would have been payable to Mr. Bhojwani had his employment been terminated on December 31, 2020, pursuant to the following termination scenarios in accordance with his Amended CEO Agreement: Without Just Death or Disability Cause or With Reason Change in Control Termination Pro Rata Target Bonus .

  • Executive's employment shall also terminate (i) upon nonrenewal of the agreement, (ii) upon the death of Executive, (iii) after disability of Executive pursuant to Section 7 hereof or (iv) by Executive's termination of employment With Reason.

  • Devin Hughes is the founder of Hughes Capital Management) "Debunking the Gun Free Zone Myth: "Mass Murder Magnets"," Armed With Reason, http://www.armedwithreason.com/debunking-the-gun-free-zone-myth-mass-murder-magnets/, accessed 1-29-2016.

  • In this essay, Bishop begins by convincingly dismantling elements of Alvin Plantinga’s ‘Reformed epistemology’, before outlining a ‘modest fideism’ influenced by William James and developed by Bishop.The third contribution is Paul Crittenden’s ‘Faith In Keeping With Reason: A Critique of the Regensburg Address’.

  • Evan Defilippis and Devin Hughes, Evan DeFilippis and Devin Hughes are the founders of Armed With Reason and write for The Trace, an online magazine about gun violence., 10-15-2015, "Three common-sense gun policies that would save lives," Washington Post, https://www.washingtonpost.com/opinions/three-common-sense-gun-policies-that-would-save-lives/2015/10/15/3fd8cb80-735f-11e5-9cbb-790369643cf9_story.html, accessed 1-21-2016.

  • In the event that Executive’s employment is terminated by the Company for Just Cause or if Executive voluntarily resigns (other than With Reason), then (i) the Company within 10 business days shall pay Executive a cash payment of his Base Salary as provided in Section 5(a) hereof that was earned but unpaid as of the date of termination and (ii) no bonus for the year of termination will be earned or paid to Executive.

Related to With Reason

  • For Good Reason as defined in Section 6.4.

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

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

  • Eligible position or "full-time job" means a full-time position

  • Window Period means the 3 consecutive calendar month period prior to the Scheduled Maturity Date.

  • Objection Period has the meaning set forth in Section 2.4(d).

  • 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:

  • Good Reason means:

  • 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.

  • Termination for Cause" shall mean termination of the Executive's employment because of:

  • Termination Period means the period of time beginning with a Change in Control and ending on the earlier to occur of:

  • Cause Event means (1) fraud, criminal conduct or willful misconduct by or on the part of the Dealer Manager, (2) a representation or warranty made by the Dealer Manager herein proving to be untrue in any material respect, or (3) a default in the due performance or observance by the Dealer Manager 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 Dealer Manager by the Company.

  • Anticipated Termination Date Any Distribution Date on which it is anticipated that the Trust Fund will be terminated pursuant to Section 9.01(c) of this Agreement.

  • Retention Period has the meaning set forth in Section 6.02.

  • Forfeiture Period means the period from the Grant Date until the Forfeiture Date.

  • Specified Cause Event shall have the meaning set forth in the SLDs.

  • Qualifying Termination means a termination of the Executive’s employment either (i) by a Company Group member without Cause (excluding by reason of Executive’s death or Disability) or (ii) by the Executive for Good Reason, in either case, during the Change in Control Period (a “Qualifying CIC Termination”) or outside of the Change in Control Period (a “Qualifying Non-CIC Termination”).

  • Protection Period means the period commencing on the Change in Control Date and ending on the second anniversary thereof.

  • Determination Period means the period from and including a Determination Date in any year to but excluding the next Determination Date; and

  • Cure Period means the period specified in this Agreement for curing any breach or default of any provision of this Agreement by the Party responsible for such breach or default and shall:

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

  • Constructive Termination means:

  • 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.

  • Terminating Event means any of the following events:

  • 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:

  • Continuous Service Status means the absence of any interruption or termination of service as an Employee or Consultant. Continuous Service Status as an Employee or Consultant shall not be considered interrupted in the case of: (i) sick leave; (ii) military leave; (iii) any other leave of absence approved by the Administrator, provided that such leave is for a period of not more than ninety (90) days, unless reemployment upon the expiration of such leave is guaranteed by contract or statute, or unless provided otherwise pursuant to Company policy adopted from time to time; or (iv) in the case of transfers between locations of the Company or between the Company, its Parents, Subsidiaries, Affiliates or their respective successors. A change in status from an Employee to a Consultant or from a Consultant to an Employee will not constitute an interruption of Continuous Service Status.