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

Termination by the Executive for Good Reason. Termination by the Executive of the Executive’s employment with the Company for Good Reason. For purposes of this Agreement, “Good Reason” shall mean that the Executive has complied with theGood Reason Process” (hereinafter defined) following the occurrence of any of the following events without the Executive’s written consent:

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 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 the Executive for Good Reason. The Executive shall have good reason (“Good Reason”) as defined below to resign his employment within sixty (60) days following notice and receive the same payments as provided under Section 5(d) (and subject to the same release requirement), provided the Executive has first provided written notice to the Employer of conduct warranting termination of the Executive’s employment for Good Reason and provided the Employer a period of not less than thirty (30) days to cure such conduct, without the written consent of the Executive:

Termination by the Executive for Good Reason. The Executive may resign his employment with the Company for Good Reason (as defined below) within sixty (60) days following notice and receive the same payments in the same manner as provided under Section 5(d) (subject, in the case of the payments pursuant to Sections 5(d)(iii) and (iv), to the requirement that the Executive execute and deliver the Release to the Company by the Release Expiration Date (and such Release shall have become effective no later than the 8th day after its execution) and the compliance by the Executive with Section 6, Section 7, Section 8, and Section 9 of this Agreement), provided the Executive has first provided written notice to the Employer of the grounds for termination of the Executive’s employment for Good Reason and provided the Employer a period of not less than thirty (30) days to cure such conduct. If the Executive does not terminate his employment for Good Reason within sixty (60) days after the first occurrence of such grounds, then the Executive will be deemed to have waived the right to terminate for Good Reason with respect to such grounds. For purposes of this Agreement, “Good Reason” shall mean the occurrence of any of the following, in each case during the Term, without the written consent of the Executive:

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 the Executive for Good Reason. Termination by the Executive of the Executive’s employment with the Company for Good Reason. For purposes of this Agreement, “Good Reason” shall mean that the Executive has complied with theGood Reason Process” (hereinafter defined) following, the occurrence of any of the following events:

Termination by the Executive for Good Reason. The Executive may resign his employment with the Company for Good Reason (as defined below) within sixty (60) days following notice and receive the same payments in the same manner as provided under Section 5(d) (subject, in the case of the payments pursuant to Sections 5(d)(iii) and (iv), to the requirement that the Executive execute and deliver the Release to the Company by the Release Expiration Date (and such Release shall have become effective no later than the 8th day after its execution) and the compliance by the Executive with Section 6, Section 7, Section 8, and Section 9 of this Agreement), provided the Executive has first provided written notice to the Employer of the grounds for termination of the Executive’s employment for Good Reason and provided the Employer a period of not less than thirty (30) days to cure such conduct. If the Executive does not terminate his employment for Good Reason within sixty (60) days after the first occurrence of such grounds, then the Executive will be deemed to have waived the right to terminate for Good Reason with respect to such grounds. For purposes of this Agreement, “Good Reason” shall mean the occurrence of any of the following, in each case during the Term, without the written consent of the Executive:

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.

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