DEFINITION OF "FOR GOOD REASON. For purposes of Section 5.1, the phrase “for good reason” means: (a) the Executive’s material breach of this Agreement; (b) the Executive’s failure to adhere to any Company policy if the Executive has been given a reasonable opportunity to comply with such policy or cure his failure to comply; (c) the appropriation (or attempted appropriation) of a material business opportunity of the Company, including attempting to secure or securing any personal profit in connection with any transaction entered into on behalf of the Company; (d) the misappropriation (or attempted misappropriation) of any of the Company’s funds or property having a material value; or (e) the conviction of or the entering of a guilty plea or plea of no contest with respect to, a felony or the equivalent thereof.
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Samples: Employment Agreement (In Touch Media Group, Inc.), Employment Agreement (Villageedocs Inc), Employment Agreement (In Touch Media Group, Inc.)
DEFINITION OF "FOR GOOD REASON. For purposes of Section 5.1, the phrase “"for good reason” " means: (a) the Executive’s 's material breach of this Agreement; (b) the Executive’s 's failure to adhere to any Company policy if the Executive has been given a reasonable opportunity to comply with such policy or cure his failure to comply; (c) the appropriation (or attempted appropriation) of a material business opportunity of the Company, including attempting to secure or securing any personal profit in connection with any transaction entered into on behalf of the Company; (d) the misappropriation (or attempted misappropriation) of any of the Company’s 's funds or property having a material value; or (e) the conviction of or the entering of a guilty plea or plea of no contest with respect to, a felony or the equivalent thereof.
Appears in 2 contracts
Samples: Employment Agreement (In Touch Media Group, Inc.), Employment Agreement (In Touch Media Group, Inc.)
DEFINITION OF "FOR GOOD REASON. For purposes of Section 5.1, the phrase “for good reason” means: means (a) the Executive’s material breach of this Agreement; (b) the Executive’s failure to adhere to any Company policy if the Executive has been given a reasonable opportunity to comply with such policy or cure his failure to comply; (c) the appropriation (or attempted appropriation) of a material business opportunity of the Company, including attempting to secure or securing any personal profit in connection with any transaction entered into on behalf of the Company; (d) the misappropriation (or attempted misappropriation) of any of the Company’s funds or property having a material value; or (e) the conviction of or the entering of a guilty plea or plea of no contest with respect to, a felony or the equivalent thereof.
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