Example ContractsClausesTermination by Executive for Good Reason
Termination by Executive for Good Reason
Termination by Executive for Good Reason contract clause examples

Termination by Executive for Good Reason. Executive may terminate the Employment forGood Reason” if and only if the Company materially breaches the Company’s obligations to Executive under this Agreement, or materially reduces Executive’s salary other than an economic or business motivated reduction accompanied by proportionate reductions in the salaries of all other similarly situated executives [and the material breach or material reduction occurs on or after November 19, 2015]3. Executive may not resign for Good Reason unless # Executive notifies the Company’s Chief Executive Officer in writing, within thirty (30) days after the act or omission in question, asserting that the act or omission in question constitutes Good Reason and explaining why, # the Company fails, within thirty (30) days after the notification, to take all reasonable steps to cure the breach, and # Executive resigns by written notice within thirty (30) days after expiration of the thirty (30) day period under Section 5(b)(i)(B). If Executive terminates the Employment for Good Reason, Executive will be entitled to Severance Pay as provided in and subject to Section 6. Executive’s failure to object to a material breach as provided above will not waive Executive’s right to resign with Good Reason after following the above procedure with regard to any subsequent material breach.

Termination by Executive for Good Reason. Executive may terminate his employment hereunder at any time for Good Reason, such termination to be effective as of the date stated in a written notice of termination delivered by Executive to the Company (or such earlier date after the delivery of such notice as the Company may elect). For purposes of this Agreement, “Good Reason” shall mean any of the following # a material reduction in the job duties, responsibilities, authority, or position of Executive, # a material breach by the Company of a material provision of this Agreement, which has not been cured by the Company within thirty (30) days after written notice of noncompliance has been given by Executive to the Company, or # any requirement that Executive relocate or maintain an office more than one hundred (100) miles from Dallas, Texas. A termination of Executive’s employment for Good Reason in accordance with this Paragraph 3(e) is intended to be treated as an involuntary separation from service for purposes of Section 409A of the Internal Revenue Code of 1986, as amended (“[Section 409A]”).

Termination by Executive for Good Reason. Executive’s employment may be terminated during the Employment Term by the Executive for Good Reason in accordance with the provisions of this [Section 9.5]. For purposes of this Agreement, “Good Reason” means:

Termination by Executive for Good Reason. Executive may terminate the Employment forGood Reason” if and only if the Company materially breaches the Company’s obligations to Executive under this Agreement, or materially reduces Executive’s salary other than an economic or business motivated reduction accompanied by proportionate reductions in the salaries of all other similarly situated executives. Executive may not resign for Good Reason unless # Executive notifies the Company’s Chief Human Resources Officer in writing, within thirty (30) days after the act or omission in question, asserting that the act or omission in question constitutes Good Reason and explaining why, # the Company fails, within thirty (30) days after the notification, to take all reasonable steps to cure the breach, and # Executive resigns by written notice within thirty (30) days after expiration of the thirty (30) day period under [Section 5(b)(i)(B)]. If Executive terminates the Employment for Good Reason, Executive will be entitled to Severance Pay as provided in and subject to [Section 6]. Executive’s failure to object to a material breach as provided above will not waive Executive’s right to resign with Good Reason after following the above procedure with regard to any subsequent material breach.

Termination by Executive for Good Reason. Executive may terminate her employment hereunder at any time for Good Reason, such termination to be effective as of the date stated in a written notice of termination delivered by Executive to the Company (or such earlier date after the delivery of such notice as the Company may elect). For purposes of this Agreement, “Good Reason” shall mean any of the following # a material reduction in the job duties, responsibilities, authority, or position of Executive, or # a material breach by the Company of a material provision of this Agreement, which has not been cured by the Company within thirty (30) days after written notice of noncompliance has been given by Executive to the Company. A termination of Executive’s employment for Good Reason in accordance with this Paragraph 3(e) is intended to be treated as an involuntary separation from service for purposes of Section 409A of the Internal Revenue Code of 1986, as amended (“[Section 409A]”).

Termination by Executive for Good Reason. Executive may terminate his employment forgood reason”. For purposes of this Agreement, good reason means any material breach by the Bank of any provision of this Agreement.

Termination by Executive For Good Reason. Executive may terminate the Term and Executive’s employment for Good Reason (as defined below) effective on the first day after the end of the Cure Period (defined herein). “Good Reason” shall mean: # a material diminution in Executive’s duties or responsibilities; (ii) (A) Executive shall not be the senior most executive officer of [[Company:Organization]] Companies, # Executive shall not report directly to the Board or # any officer of the [[Company:Organization]] Companies shall not report, directly or through officers reporting to the Executive (provided that the Board may appoint a chairperson who is designated as an officer of the Company and the Company may establish independent reporting relationships between officers such as the Chief Financial Officer, Chief Compliance Officer or Chief Legal Officers and the Board or Committees of the Board responsible for oversight of substantive areas of the Companies reporting or compliance obligations); # a reduction in Executive’s title below the title of Chief Executive Officer; # a material reduction in Executive’s Base Salary; # the relocation of Executive’s principal work location outside of the Quincy, Massachusetts, area without Executive’s consent; or # any other material breach of this Agreement by the Company; provided, however, that Good Reason shall not exist unless # Executive gives the Board a written statement of the basis for Executive’s belief that Good Reason exists, # such written statement is provided not later than ninety (90) days after Executive knows, or should reasonably have known, of the existence of the condition that Executive believes forms the basis for resignation for Good Reason, # Executive gives the Board at least ten (10) business days after receipt of such written statement to cure the basis for such belief (the “Cure Period”), # the Board does not cure the basis for such belief within the Cure Period. In the event Executive terminates her employment for Good Reason, and provided that Executive fully complies with her obligations under paragraphs 7 through 11 of this Agreement and executes (and does not revoke) the Release such that it becomes irrevocable within sixty (60) days after her termination of employment with the Company, then Executive shall be paid compensation and severance pursuant to paragraph 6(g) or 6(h) of this Agreement, as applicable.

Termination by Executive for Good Reason. Executive may terminate his employment by written notice to [[Qualstar:Organization]] forGood Reason,” as defined below. “Good Reason” means one or more of the following: # Executive’s assignment by [[Qualstar:Organization]], without Executive’s written consent, to duties or responsibilities which are not materially consistent with that of duties and responsibilities as set forth herein; # material reduction by [[Qualstar:Organization]], without Executive’s written consent, of Executive’s Base Salary and bonus target pursuant to Section 4.1 and Section 4.2, above; or # [[Qualstar:Organization]]’s material breach of its obligations under this Agreement, which breach has continued uncured for a period of twenty (20) days after Company’s receipt of written notice from Executive.

Termination by Executive for Good Reason. Executive may terminate employment with the Company For Good Reason. For purposes of this Agreement, “For Good Reason” shall mean any of the following without the Executive’s consent: # the assignment to Executive of any duties inconsistent with his position, duties, responsibilities or status with the Company or a reduction of the Executive’s duties or responsibilities; # Executive no longer reports directly to the Board; # a reduction in the Executive’s Base Salary or bonus opportunities; # the Company’s requiring Executive to be based at any office or location more than 50 miles from the location at which he performs his services for the Company, except for travel reasonably required in the performance of Executive’s responsibilities; or # material breach by the Company of its material obligations under the Agreement or any other agreement with the Executive which breach is not cured within 20 days after written notice thereof by the Executive.

Termination by Executive for Good Reason. Executive may voluntarily terminate Executive’s employment with the Company and receive the Protection Benefits detailed in Section 1(c) (subject to the same conditions set forth in Section 1(c) following the occurrence of an event constituting Good Reason), so long as Executive has provided written notice to the Company detailing the specific circumstances of the event constituting Good Reason (including citation of the specific clause within the definition of Good Reason that is alleged to be triggered) within ninety (90) days following such event, the Company has had a period of thirty (30) days to cure the Good Reason in all cases, the Company has failed to cure the Good Reason within that period, and Executive terminates employment within thirty (30) days following the expiration of such cure period.

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