Common use of DEFINITION OF "FOR GOOD REASON Clause in Contracts

DEFINITION OF "FOR GOOD REASON. For purposes of Section 6, the phrase “for good reason” means: (a) the Employer’s material breach of this Agreement; or (b) a material reduction in Executive’s position, duties and responsibilities from those described in Section 2.3 of this Agreement.

Appears in 8 contracts

Samples: Plan of Merger (A4s Security, Inc.), Employment Agreement (A4s Technologies Inc), Employment Agreement (Security With Advanced Technology, Inc.)

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DEFINITION OF "FOR GOOD REASON. For purposes of Section 66.1, the phrase "for good reason” means" means any of the following: (a) the Employer’s 's material breach of this Agreement; or (b) the assignment of the Executive without his consent to a material reduction in Executive’s position, responsibilities, or duties and responsibilities from those described in Section 2.3 of this Agreementa materially lesser status or degree of responsibility than his position, responsibilities, or duties at the Effective Date.

Appears in 3 contracts

Samples: Employment Agreement (Firstcity Financial Corp), Employment Agreement (Firstcity Financial Corp), Employment Agreement (Integrated Communication Networks Inc)

DEFINITION OF "FOR GOOD REASON. For purposes of Section 66.1, the phrase "for good reason” means" means any of the following: (a) the The Employer’s 's material breach of this Agreement; or (b) the assignment of the Executive without his consent to a material reduction in Executive’s position, responsibilities, or duties and responsibilities from those described in Section 2.3 of this Agreementa materially lesser status or degree of responsibility than his position, responsibilities, or duties at the Effective Date.

Appears in 3 contracts

Samples: Employment Agreement (Integrated Communication Networks Inc), Employment Agreement (Integrated Communication Networks Inc), Employment Agreement (Integrated Communication Networks Inc)

DEFINITION OF "FOR GOOD REASON. For purposes of Section 66.1, the phrase “for good reason” meansmeans any of the following: (a) the The Employer’s material breach Section 2.4, 3.1 or 3.2 or of this Agreement; or (b) the assignment of the Employee without the Employee’s consent to a material reduction in Executiveposition, responsibilities, or duties of a materially lesser status or degree of responsibility than the Employee’s position, responsibilities, or duties and responsibilities from those described in Section 2.3 of this Agreementat the Effective Date.

Appears in 2 contracts

Samples: Employment Agreement (Endo Pharmaceuticals Holdings Inc), Employment Agreement (Endo Pharmaceuticals Holdings Inc)

DEFINITION OF "FOR GOOD REASON. For purposes of Section 66.1, the phrase “for good reason” meansmeans any of the following: (a) the Employer’s material breach of this Agreement; or (b) the assignment of Executive without his consent to a material position, responsibilities, or duties of a materially lesser status or degree of responsibility than his position, responsibilities, or duties at the Effective Date or a reduction in Executive’s position, duties and responsibilities from those described in Section 2.3 of this AgreementSalary or Incentive Compensation.

Appears in 2 contracts

Samples: Employment Agreement (Semco Energy Inc), Employment Agreement (Semco Energy Inc)

DEFINITION OF "FOR GOOD REASON. For purposes of Section 66.1, the phrase “for good reason” "For Good Reason" means: (a) the The Employer’s 's material breach of this Agreement, unless cured within ten (10) days after written notice; or (b) a material reduction the requirement by the Employer that the Executive be based anywhere other than an Employer's office in Executive’s position, duties and responsibilities from those described in Section 2.3 of this Agreementthe Territory without the executive's written consent.

Appears in 2 contracts

Samples: Employment Agreement (Watkins Greg S), Employment Agreement (Oakhill Sportswear Corp /Ny/)

DEFINITION OF "FOR GOOD REASON. For purposes of Section 66.1, the phrase "for good reason” means" means any of the following: (a) the The Employer’s 's material breach Section 2.4, 3.1 or 3.2 or of this AgreementAgreement or its obligations under the Stockholder's Agreement for the benefit of Executive; or (b) the assignment of the Executive without the Executive's consent to a material reduction in Executive’s position, responsibilities, or duties and responsibilities from those described in Section 2.3 of this Agreementa materially lesser status or degree of responsibility than the Executive's position, responsibilities, or duties at the Effective Date.

Appears in 2 contracts

Samples: Employment Agreement (Endo Pharmaceuticals Holdings Inc), Employment Agreement (Endo Pharmaceuticals Holdings Inc)

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DEFINITION OF "FOR GOOD REASON. For purposes of Section 6section 6.1, the phrase "for good reason” means" means any of the following: (a) the The Employer’s 's material breach of this Agreement; or (b) the assignment of the Executive without his consent to a material reduction in Executive’s position, responsibilities, or duties and responsibilities from those described in Section 2.3 of this Agreementa materially lesser status or degree of responsibility than his position, responsibilities, or duties at the Effective Date.

Appears in 2 contracts

Samples: Employment Agreement (Integrated Communication Networks Inc), Employment Agreement (Integrated Communication Networks Inc)

DEFINITION OF "FOR GOOD REASON. For purposes of Section 6------------------------------ 6.1, the phrase "for good reason” means" means any of the following: (a) the The Employer’s 's material breach Section 2.4, 3.1 or 3.2 or of this AgreementAgreement or its obligations under the Stockholder's Agreement for the benefit of Executive; or (b) the assignment of the Executive without the Executive's consent to a material reduction in Executive’s position, responsibilities, or duties and responsibilities from those described in Section 2.3 of this Agreementa materially lesser status or degree of responsibility than the Executive's position, responsibilities, or duties at the Effective Date.

Appears in 1 contract

Samples: Employment Agreement (Endo Pharmaceuticals Holdings Inc)

DEFINITION OF "FOR GOOD REASON. For purposes of Section 65.1, the phrase "for good reason” means" means any of the following: (a) the The Employer’s 's material breach of this Agreement; or (b) the assignment of the Executive without his consent to a material reduction in Executive’s position, responsibilities, or duties and responsibilities from those described of a materially lesser status or degree of responsibility than his position, responsibilities, or duties at the Effective Date; or (c) a Change in Section 2.3 Control of this Agreementthe Employer.

Appears in 1 contract

Samples: Employment Agreement (Innovative Software Technologies Inc)

DEFINITION OF "FOR GOOD REASON. For purposes of Section 66.1, the phrase “for good reason” meansmeans any of the following: (a) the The Employer’s material breach Section 2.4, 3.1 or 3.2 or of this Agreement; or (b) the assignment of the Executive without the Executive’s consent to a material reduction in position, responsibilities, or duties of a materially lesser status or degree of responsibility than the Executive’s position, responsibilities, or duties and responsibilities from those described in Section 2.3 of this Agreement.at the Effective Date; or

Appears in 1 contract

Samples: Employment Agreement (Endo Pharmaceuticals Holdings Inc)

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