Good Reasons means an impairment of the Employee's health to an extent that it makes continued performance of his duties hereunder hazardous to his physical or mental health.
Good Reasons means the termination by the Executive Participant of his employment if there is: (a) a material reduction by the Corporation in his salary or remuneration (other than a proportional decrease applicable to all Executive Participants); (b) the failure of the Corporation to pay the Executive Participant any portion of his salary or remuneration at the time such payment is due, which breach is not cured within 30 days after such Executive Participant provides written notice to the Corporation thereof; or (c) a material unilateral reduction in the responsibilities or duties of such Executive Participant;
Examples of Good Reasons in a sentence
Seizing the opportunity, I grab a brochure from the kit entitled, “10 Good Reasons to Breastfeed” and present it to Xxxxxxxxx as she feeds Christian.
Back to Xxxxxx and Xxxxxxx: 10 Good Reasons to Screen for Type 2 Diabetes Mellitus.
More Definitions of Good Reasons
Good Reasons means a termination of employment following: (a) a Deemed Demotion which results without the Employee's express written consent and which continues, for a period of twenty (20) days after written notice thereof to the Company from the Employee with a "Deemed Demotion" being defined as (i) the assignment to the Employee of any duties, or any limitation of the Employee's responsibilities, inconsistent with the Employee's positions, duties, responsibilities and status with the Company immediately prior to the date of this Change of Control Event, or (ii) a removal of the Employee from the Employee's position with the Company held by the Employee in contemplation of a Change of Control Event, except in connection with the termination of the employment of the Employee by the Company for Cause or as a result of the death or Permanent Disability of the Employee; (b) any failure by the Company to pay, or any reduction by the Company of, the Employee's base annual salary or bonus compensation in effect immediately prior to the date of the Change of Control Event; (c) any failure by the Company to (i) continue to provide the Employee with the opportunity to participate, on terms no less favorable than those in effect immediately prior to the date of the Change of Control Event, in any benefit plans and programs, including, but not limited to, the Company's life, disability, health, dental, medical, bonus savings and retirement plans in which the Employee was participating immediately prior to the date of the Change of Control Event, or their equivalent, or (ii) provide the Employee with all other fringe benefits (or their equivalent) from time to time in effect for the benefit of any executive, management or administrative group which customarily includes a person holding the employment position with the Company then held by the Employee; (d) without the Employee's express written consent, the relocation of the principal place of the Employee's employment to a location that is more than 20 miles further from the Employee's principal residence than such principal place of employment immediately prior to the date of the Change of Control Event, or the imposition of travel requirements on the Employee not substantially consistent with normal day-to-day travel requirements existing immediately prior to the date of the Change of Control Event and/or (e) a good faith determination by the Employee that the continuation of the Employees employment with the company is no lon...
Good Reasons means (i) failure by the Company to maintain Executive as Chief Executive Officer of the Company or assignment to Executive of duties materially inconsistent with the position of Chief Executive Officer, (ii) reduction of Executive's base salary or the failure by the Company to provide Executive with the incentive compensation opportunity or the material Company benefits now provided to Executive, or (iii) relocation of Executive's principal place of work to a location more than 50 miles from its present location.
Good Reasons death, extended disability, uninsurable, criminal conviction, etc. – Notice and a “right to cure” period? – Subjective Provisions: • Refusal to comply with “reasonable policies and procedures” • “immoral” manner • “engages in conduct which discredits or is substantially detrimental to the reputation” of Practice Key Provisions, continued… • “Follow all office policies and procedures” – Request and Read in Advance! • Office Location • Call Coverage – details, schedule (weekend, holiday), “equitable” • Exclusivity – Moonlighting – Clearly outlined (university research, expert testimony, sports team) – Needs to be a clear approval process – who gets income? Non-Compete Clauses & Liquidating Damages • Scope, duration, & location all should be “reasonable” – 1-3 years; adjacent cities/counties; no blanket restrictions • DON’T restrict someone from earning a living • DO clearly state the restricted activity • Pay attention to state specific rules – GA – limited to 2 years or less • Adequate consideration if changing or adding non-compete after contract is signed Liquidating Damages • Good idea from a practice perspective • Must be reasonable in amount – Fixed or one year’s salary/revenues • Payable over a reasonable period of time – 12-24 months (or more) with reasonable interest • Injunctive Relief as alternative – Damages are preferred • Typically would not apply if terminated “without cause” Malpractice Insurance Provisions • “Nose” Coverage – Physician will often pay for prior acts coverage • Practice Coverage – Often occurrence or claims made policies. Paid by practice. May be direct expense to shareholders/owners. • Tail Coverage – Negotiable! Others to Be Aware Of • Partnership Track – Length of time until offer may be made – Buy-in conditions • FMV Analysis for Compensation Thank you!
Good Reasons means a resignation by the Executive of his employment with the Corporation or its direct or indirect subsidiary after the occurrence of any of the following events:
Good Reasons means in the absence of a written consent of the Executive:
Good Reasons and "Cause" shall have the applicable defined meaning as set forth above in this Section 3.01. No termination of Executive's employment shall require that Executive resign any other position (including as Director or Chairman) he may then be holding with the Company; provided, however, that (i) if Executive's employment hereunder is terminated for Cause under the above provisions, Executive shall resign forthwith from all positions he may then be holding with the Company, if requested to do so by the Board, and (ii) if Executive terminates his employment hereunder other than for Good Reason, Executive shall resign forthwith from all such positions, if requested to do so by the Board, except for any position to which he has been elected by the shareholders of the Company (such as Director).
Good Reasons means a termination or completion of an employment or engagement with the Company which occurs in accordance with the terms and conditions of such employment or engagement including, but not limited to, the expiration of a director's term on the Board of Directors of the Company or a substantial diminution in the nature and status of the Holder's duties, responsibilities and reporting relationships with respect to the Company, as determined by the Company.