Common use of Improper Termination Clause in Contracts

Improper Termination. The Company terminates your employment, other than pursuant to a notice of termination satisfying the requirements of Section 5 hereof. However, an event that is or would constitute Good Reason shall cease to be Good Reason if: (a) you fail to provide written notice to the Company within 90 days following the initial existence of the event described in paragraphs (1) through (4) above; (b) the Company reverses or otherwise cures the event within 30 days of receiving such notice; (c) you do not terminate employment within 180 days after the event occurs; or (d) you were a primary instigator of the Good Reason event and the circumstances make it inappropriate for you to receive benefits under this Agreement (e.g., you agree temporarily to relinquish your position on the occurrence of a merger transaction you negotiate). If you have Good Reason to terminate employment, you may do so even if you are on a leave of absence due to physical or mental illness or any other reason.

Appears in 14 contracts

Samples: Change in Control Severance Agreement (Versar Inc), Change in Control (Versar Inc), Change in Control (Versar Inc)

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