Resign for Good Reason definition

Resign for Good Reason or “Resignation for Good Reason” has the meaning found in Section 7(e).

Resign for Good Reason means your resignation from all positions you then hold with the Company (or its successor), and its affiliates, following the occurrence of one of the following events without your written consent: (i) a material reduction of your duties, position or responsibilities, provided that your duties, position and responsibilities shall not be deemed to be materially reduced if you retain reasonably comparable duties, position and responsibilities with respect to the Company’s business within the successor entity following a Change of Control Transaction; (ii) a reduction by the Company (or its successor) in your gross base salary, as in effect immediately prior to such reduction, by more than 10%, other than in connection with a similar reduction for all similarly-situated employees of the Company (or its successor); (iii) a material reduction by the Company (or its successor) in the kind or level of benefits to which you are entitled immediately prior to such reduction with the result that your overall benefits package is materially diminished, or (iv) relocation of your principal place of work to a location that is more than 50 miles from your principal work site for the Company immediately prior to the consummation of the Change of Control Transaction; provided that prior to such resignation, you provide written notice of the occurrence of such event listed above to the Company’s (or its

Resign for Good Reason. OR "RESIGNATION FOR GOOD REASON" has the meaning found in Section 7(e).

Examples of Resign for Good Reason in a sentence

• If, prior to the one-year anniversary of your Start Date, you resign from your employment with the Company (other than if you Resign for Good Reason) or the Company terminates your employment for Cause, you must repay a portion of the reimbursed relocation expenses to the Company, on or within 30 days of your employment termination date, prorated based on your length of employment with the Company.

• If the Company makes an offer to the Executive of continued employment of at least one additional year during the tenth month 7 8 after confirmation of a plan of reorganization, but such offer contains terms that would provide the Executive with the option to Resign for Good Reason if accepted, the Executive declines such offer no later than one year after the confirmation of the plan of reorganization; and the Executive's employment actually terminates no less than four weeks after declining the offer.

• Provided, however, that should Gray Resign for Good Reason (ax xxreinafter defined) he shall be entitled to receive, and shall receive, as provided inss.5.02, Termination Payments for 6 months following the effective date upon which he Resigns.

• Company agrees that Executive’s agreement to defer his right to Resign for Good Reason pursuant to Section 4(e)(i)(B) shall not constitute a waiver of his right to terminate the Agreement under any other provision of the Agreement, nor shall it constitute a waiver of his right to terminate the Agreement under Section 4(e)(i)(B) at any time after the conclusion of the Deferred Resignation Period.

• Provided, however, that should Novak Resign for Good Reason (ax xxxeinafter defined) he shall be entitled to receive, and shall receive, as provided inss.5.02, Termination Payments for 6 months following the effective date upon which he Resigns.

More Definitions of Resign for Good Reason

Resign for Good Reason means the cessation of Employee's employment upon written notice given by Employee to Employer as provided in section 5.4.1 herein.

Resign for Good Reason shall have the following definitions:

Resign for Good Reason means your termination of employment after the occurrence of any of the following events without your prior written consent (a) a material diminution in your title, duties or responsibilities; (b) a material reduction in your base salary; or (c) a required relocation of your principal office by more than 50 miles from your office location as of the date of this Agreement; provided that you may not Resign for Good Reason unless and until you provide the Company with written notice thereof within fifteen (15) days of the date you know or should have known about the initial occurrence of such event, the Company fails to cure such acts within fifteen (15) days of receipt of such notice and you terminate employment within ten (10) days following the expiration of such cure period, otherwise you may not Resign for Good Reason on account of such occurrence.

Resign for Good Reason shall have the meanings set forth below.

Resign for Good Reason by giving written notice to Employer. “Resignation for Good Reason” occurs if Employee terminates his employment with Employer because, without Employee’s express written consent, any of the events described below occurs during the Term.

Resign for Good Reason means that all of the following occur:

Resign for Good Reason means that all of txx xxxxxxxxx xxxur: