Common use of Employee’s Good Cause Termination Clause in Contracts

Employee’s Good Cause Termination. You may terminate this Agreement for Employee’s Good Cause (which term is defined in Section 23). Prior to any termination under this Section 10.3 being effective, you agree to give us thirty (30) days’ advance written notice specifying the facts and circumstances of our alleged breach. During such thirty (30) day period, we may either cure the breach (in which case your notice will be considered withdrawn and this Agreement will continue in full force and effect) or declare that we dispute that Employee’s Good Cause exists, in which case this Agreement will continue in full force until the dispute is resolved in accordance with Section 11. In the event this Agreement is terminated under this Section 10.3, you will be treated as if you had been terminated pursuant to Section 10.2 and shall be entitled to all the compensation and benefits provided for therein.

Appears in 5 contracts

Samples: Employment Agreement (MGM Mirage), Employment Agreement (MGM Mirage), Employment Agreement (MGM Mirage)

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Employee’s Good Cause Termination. You may terminate your active employment under this Agreement for Employee’s Good Cause (which term is defined in Section 23). Prior to any such termination under this Section 10.3 10.5 being effective, you agree to give us thirty (30) days’ advance written notice specifying the facts and circumstances of our alleged breach. During such thirty (30) day period, we may either cure the breach (in which case your notice will be considered withdrawn and this Agreement will continue in full force and effect) or declare that we dispute that Employee’s Good Cause exists, in which case this Agreement will continue in full force until the dispute is resolved in accordance with Section 11. 11 and Exhibit C. In the event your active employment under this Agreement is terminated under this Section 10.310.5, you will be treated as if you your active employment had been terminated pursuant to Section 10.2 10.4 and shall be entitled to all the compensation and benefits provided for therein.

Appears in 2 contracts

Samples: Employment Agreement (MGM Resorts International), Employment Agreement (MGM Mirage)

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Employee’s Good Cause Termination. You may terminate this Agreement for Employee’s Good Cause (which term is defined in Section 2324). Prior to any termination under this Section 10.3 being effective, you agree to give us thirty (30) days’ advance written notice specifying the facts and circumstances of our alleged breach. During such thirty (30) day period, we may either cure the breach (in which case your notice will be considered withdrawn and this Agreement will continue in full force and effect) or declare that we dispute that Employee’s Good Cause exists, in which case this Agreement will continue in full force until the dispute is resolved in accordance with Section 1112. In the event this Agreement is terminated under this Section 10.3, you will be treated as if you had been terminated pursuant to Section 10.2 and shall be entitled to all the compensation and benefits provided for therein.

Appears in 1 contract

Samples: Employment Agreement (MGM Mirage)

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