Common use of Determination of Good Reason Clause in Contracts

Determination of Good Reason. In order for Executive to terminate for Good Reason, (i) Executive must notify the Board, in writing, within ninety (90) days of the event constituting Good Reason of Executive’s intent to terminate employment for Good Reason, that specifically identifies in reasonable detail the facts and events that the Executive believes constitute Good Reason; (ii) the event must remain uncured for thirty (30) days following the date that Executive notifies the Board in writing of Executive’s intent to terminate employment for Good Reason (the “Notice Period”), and; (iii) the termination date must occur within sixty (60) days after the expiration of the Notice Period.

Appears in 19 contracts

Samples: Employment Agreement (U-Bx Technology Ltd.), Employment Agreement (Wellchange Holdings Co LTD), Employment Agreement (Li Bang International Corp Inc.)

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Determination of Good Reason. In order for Executive to terminate for Good Reason, (i) Executive must notify the Board, in writing, within ninety (90) days of the event constituting Good Reason of Executive’s 's intent to terminate employment for Good Reason, that specifically identifies in reasonable detail the facts and events that the Executive believes constitute Good Reason; (ii) the event must remain uncured for thirty (30) days following the date that Executive notifies the Board in writing of Executive’s 's intent to terminate employment for Good Reason (the "Notice Period"), and; (iii) the termination date must occur within sixty (60) days after the expiration of the Notice Period.

Appears in 2 contracts

Samples: Employment Agreement (Ningbo Zhenghe Trading LTD), Employment Agreement (China Xiangtai Food Co., Ltd.)

Determination of Good Reason. In order for Executive to terminate for Good Reason, (,( i) Executive must notify the Board, in writing, within ninety (90) days of the event constituting Good Reason of Executive’s intent to terminate employment for Good Reason, that specifically identifies in reasonable detail the facts and events that the Executive believes constitute Good Reason; (ii) the event must remain uncured for thirty (30) days following the date that Executive notifies the Board in writing of Executive’s intent to terminate employment for Good Reason (the “Notice Period”), and; (iii) the termination date must occur within sixty (60) days after the expiration of the Notice Period.

Appears in 1 contract

Samples: Employment Agreement (Li Bang International Corp Inc.)

Determination of Good Reason. In order for Executive to terminate for Good Reason, (i) Executive must notify the Board, in writing, within ninety (90) days of the event constituting Good Reason of Executive’s 's intent to terminate employment for Good Reason, that specifically identifies in reasonable detail the facts and events that the Executive believes constitute Good Reason; (ii) the event must remain uncured for thirty (30) days following the date that Executive notifies the Board in writing of Executive’s 's intent to terminate employment for Good Reason (the 'Notice Period'), and; (iii) the termination date must occur within sixty (60) days after the expiration of the Notice Period.

Appears in 1 contract

Samples: Employment Agreement (Ningbo Zhenghe Trading LTD)

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Determination of Good Reason. In order for Executive to terminate for Good Reason, (i) Executive must notify the Board, in writing, within ninety (90) days of the event constituting Good Reason of Executive’s intent to terminate employment for Good Reason, that specifically identifies in reasonable detail the facts and events that the Executive believes constitute Good Reason; (ii) the event must remain uncured for thirty (30) days following the date that Executive notifies the Board in writing of Executive’s intent to terminate employment for Good Reason (the “Notice Period”), and; and (iii) the termination date must occur within sixty (60) days after the expiration of the Notice Period.

Appears in 1 contract

Samples: Employment Agreement (LendingClub Corp)

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