No Good Reason. Executive may terminate this Agreement for any reason upon providing thirty (30) days written notice to the Company. If Executive terminates this Agreement pursuant to this provision, the Company will pay Executive the Accrued Compensation.
No Good Reason. Executive hereby acknowledges and agrees that nothing contained in this Agreement shall, or shall be construed so as to, constitute Good Reason (as defined in the Employment Agreement) for purposes of the Employment Agreement or any other agreement between Executive and the Company.
No Good Reason. You acknowledge and agree that you shall not have Good Reason to terminate your employment as a result of (i) the consummation of the Merger or the other transactions contemplated by the Merger Agreement, and/or (ii) the change in your position, duties and responsibilities and reporting relationships as set forth above arising from the foregoing.
No Good Reason. The Executive acknowledges and agrees that neither the execution nor implementation of this First Amendment shall give rise to any claim for “Good Reason” by the Executive under the Agreement.
No Good Reason. Executive further acknowledges and agrees that neither the execution of this Acknowledgement nor the Base Salary Reduction nor any subsequent incremental or full increase to Executive’s New Base Salary (even if any such increase does not raise Executive’s annualized base salary back to the Current Base Salary) will constitute “Good Reason” or any similar term under the Employment Agreement or any other agreement or contract between Executive and the Company or any of its affiliates, and that the Salary Reduction shall not trigger any “constructive termination” rights that Executive may currently have, if at all, in any of Executive’s compensation arrangements with the Company, including any employment agreement, offer letter and/or equity award agreement.
No Good Reason. Executive agrees and acknowledges that, notwithstanding any provision of the Seller Bank Employment Agreement or the Salary Continuation Agreement to the contrary, the modification of the Seller Bank Employment Agreement and the Salary Continuation Agreement in accordance with the terms of this Agreement shall not constitute “Good Reason” under the Seller Bank Employment Agreement. Executive further agrees and acknowledges that the compensation, benefits, and perquisites that Executive shall receive from Buyer under the modified Seller Bank Employment Agreement are substantially the same, in the aggregate, to the compensation, benefits and perquisites which Executive received under the Seller Bank Employment Agreement prior to modification by this Agreement.
No Good Reason. The Company and the Executive agree that neither the Executive’s assumption of the office of Chief Executive Officer nor any of the amendments to or deletions from the Employment Agreement provided for in this Amendment shall be grounds for the Executive to terminate his employment with Good Reason pursuant to Section 4.3 of the Employment Agreement.
No Good Reason. The Executive agrees that none of (i) the elimination of new Transaction Fees, (ii) the negotiation to further modify the Executive’s compensation package and Agreement, or (iii) the constitution of an Executive Committee of the Board constitute “Good Reason” for the Executive to terminate the Agreement in accordance with the provisions thereof.
No Good Reason. The execution of this Agreement, the change of Executive’s title to Executive Chairman, any duties or responsibilities assigned to him in this new position that are reasonably consistent with duties and responsibilities of this position at similarly situated companies, or any other provision of this Agreement will not constitute “Good Reason” under the Retention Agreement, the employment agreement with the Company dated May 3, 2010 (the “Employment Agreement”), or any other agreement or arrangement between the Company and Executive that is in effect as of the date hereof.
No Good Reason. Xxxxxx acknowledges and agrees that Xxxxxx will not have grounds to terminate his employment for “Good Reason” as of and following the Effective Time, and that the terms and conditions of Xxxxxx’x continuing employment with the Company as set forth in this Agreement do not constitute “Good Reason” under the Employment Agreement.
