Example ContractsClausesgood reason processIdentical
Good Reason Process
Good Reason Process contract clause examples

Good Reason. For the sole purpose of determining Executive’s right to severance payments and benefits as described above, Executive’s resignation will be for “Good Reason” if Executive resigns within ninety days after any of the following events, unless Executive consents to the applicable event: # a decrease in Executive’s Annual Base Salary, other than a reduction in Annual Base Salary of less than 10% that is implemented in connection with a contemporaneous reduction in annual base salaries affecting other senior executives of the Company, # a material decrease in Executive’s authority or areas of responsibility as are commensurate with Executive’s title or positions, or # the relocation of Executive’s primary office to a location more than 50 miles from the Boston metropolitan area. Notwithstanding the foregoing, no Good Reason will have occurred unless and until Executive has: # provided the Company, within 60 days of Executive’s knowledge of the occurrence of the facts and circumstances underlying the Good Reason event, written-notice stating with specificity the applicable facts and circumstances underlying such finding of Good Reason; and # provided the Company with an opportunity to cure the same within 30 days after the receipt of such notice.

Seres Therapeutics, Inc. (MCRB) (CIK 0001609809)
Source: SEC EDGAR database • Date: November 5, 2019 • SIC: 2834 • CIK: 2834
Seres Therapeutics, Inc. (MCRB) (CIK 0001609809)
Source: SEC EDGAR database • Date: July 28, 2020 • SIC: 2834 • CIK: 2834

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