Termination by Employee for Good Reason Sample Clauses

Termination by Employee for Good Reason. Employee may terminate his employment hereunder for "Good Reason." As used herein, "Good Reason" shall mean the continuance of any of the following after ten (10) days' prior written notice by Employee to the Company, specifying the basis for such Employee's having Good Reason to terminate this Agreement:
AutoNDA by SimpleDocs
Termination by Employee for Good Reason. Employee may terminate this Agreement and declare this Agreement to have been terminated “without causeby the Company (and, therefore, for “Good Reason”) upon the occurrence, without Employee’s consent, of any of the following circumstances:
Termination by Employee for Good Reason. If Employee terminates employment with the Company for Good Reason within 90 days of a Good Reason event, or within twelve (12) months if the Good Reason event is a Change of Control, and Employee signs and does not revoke a Release, then Employee shall be entitled to the same benefits as set forth in Sections 6(b)(i) through 6(b)(iv) above.
Termination by Employee for Good Reason. Employee shall have the right to terminate this Agreement and his employment hereunder at any time during the Term for “Good Reason” upon sixty (60) days prior written notice to the Company’s Board. The effective date of such termination shall be after the completion of the sixty (60) day notice period. For purposes of this Agreement, “Good Reason” shall mean any of the following:
Termination by Employee for Good Reason. Employee may terminate his employment with any and all Consolidated Companies at any time for Good Reason (as defined below), provided Employee has delivered a written notice to the Board of Parent that briefly describes the facts underlying Employee's belief that Good Reason exists and the Company has failed to cure such situation within 15 days of its receipt of such notice.
Termination by Employee for Good Reason. The Employee shall have the right at any time to terminate his employment under this Agreement for Good Reason (as defined herein) within ninety (90) days of learning of such Good Reason. For purposes of this Agreement, the term "Good Reason" means (a) any assignment to the Employee of any title or duties that are materially inconsistent with the Employee's present positions, titles, duties, or responsibilities, other than an insubstantial or inadvertent action which is remedied by the applicable Employer promptly after receipt of written notice from the Employee, or which is approved of by the Employee in writing; or (b) any failure by an Employer to comply in a material respect with any provision of Section 3, 4, 5, or 6, other than a insubstantial or inadvertent failure which is remedied by the applicable Employer promptly after receipt of written notice from the Employee. Any termination for Good Reason shall be effective upon the Employee giving the Employers written notice that the Employee is terminating his employment, and setting forth in reasonable detail the basis for such termination, and that such termination is for Good Reason. Any such termination shall be effective upon the giving of such notice by the Employee; and any such notice shall terminate his employment with both Employers. Notwithstanding the above, the assignment to the Employee of any title or duties at the Bank or the Company that he has previously held or performed at the Bank or the Company, shall not be sufficient to constitute Good Reason for termination of employment by the Employee.
Termination by Employee for Good Reason. Employee may terminate --------------------------------------- his employment under this Agreement for "Good Reason." For purposes of this Agreement, "Good Reason," shall mean, without Employee's express prior written consent, the occurrence of any one or more of the following circumstances, unless such circumstances are corrected within thirty (30) days following the Company's receipt from Employee of a written notice stating that he intends to terminate his employment for one or more of the reasons set forth in this Section 5(d) and specifying the particulars in detail (other than a termination as a result of an event described in clause (v) of this Section 5(d)); (i) the assignment to Employee of duties materially inconsistent with Employee's authorities, duties, responsibilities and status (including offices, titles, and reporting requirements) as contemplated in Section 2 hereof, or a material diminution in the nature or status of Employee's authorities, duties or responsibilities from those in effect on the Effective Date; (ii) a reduction in the Base Salary below the applicable levels set forth in Section 3 hereof; (iii) a relocation of Employee's principal place of business to a location outside mid-town Manhattan without the Employee's consent; (iv) the failure of the Company to maintain and to continue Employee's participation in the Company's benefit plans in accordance with the provisions of Section 4 hereof; (v) a Change in Control (as defined in Exhibit A attached hereto), and (vi) a material misrepresentation knowingly made by the Company under the Exchange Agreement or a knowing material breach of a covenant or agreement by the Company in the Exchange Agreement.
AutoNDA by SimpleDocs
Termination by Employee for Good Reason. Employee may terminate Employee’s employment for Good Reason upon thirty (30) days prior written notice to the Employer. Such a termination shall be treated as a termination by the Employer without cause, and Employee shall be entitled to be paid the amounts provided in paragraph 4(a), subject to the same terms and conditions as set forth in paragraph 4(a). To the extent Employee receives a payment that is deemed an “excess parachute payment” within the meaning of Internal Revenue Code Section 280G triggered by termination pursuant specifically to Section 4(f)(i) below, Employer will reimburse Employee to the extent Employee is required to pay excise tax (including taxes owed on the reimbursement itself) specifically attributable to the payment. This remittance shall be made by the end of Employee’s taxable year in which Employee remits the excise taxes. For purposes of this paragraph, Employee shall be deemed to have “Good Reason” if: (i) the Employer or Anaren commits a breach of a material term of this Agreement, unless such breach was isolated, inadvertent, not committed in bad faith and was cured within fifteen (15) days of receipt of written notice from Employee to the Secretary of Anaren; (ii) the Employee’s duties change materially, or (iii) Employer relocates its current Camarillo facility beyond a thirty-five (35) mile radius of its current location. Notwithstanding anything to the contrary, loss of duties as a result of Employer’s previous “public company” status will not constitute a “material change in duties” for purpose of this paragraph. If the Employee terminates this Agreement pursuant to (i) of this paragraph, the provisions of paragraph 7 will not apply
Termination by Employee for Good Reason. Employee may terminate Employee’s employment hereunder for “Good Reason”. Resignation by Employee shall be for “Good Reason” where, unless otherwise consented to in writing by Employee, Company causes:
Termination by Employee for Good Reason. 7.02 Employee may terminate his employment with Company for Good Reason. For purposes of this Agreement, “
Time is Money Join Law Insider Premium to draft better contracts faster.