Common use of Employee's Termination for Good Reason Clause in Contracts

Employee's Termination for Good Reason. Employee may terminate this Agreement and the Employee's employment hereunder immediately upon notice to the Company for "Good Reason." For purposes of this Agreement, the term "Good Reason" shall mean (i) the Company's material breach in the performance or non-performance of any of the Company's obligations or duties under this Agreement, PROVIDED THAT, the Company has first been advised in writing by the Employee of the material breach, and has been given a reasonable opportunity (not to exceed sixty (60) days) to cure such breach if such breach is capable of cure, (ii) the failure of the Company to make any of the payments set forth in paragraph 3, above, or (iii) the diminution of the Employee's title, reporting relationship or the responsibilities described herein.

Employee's Termination for Good Reason. Employee may terminate this Agreement and the Employee's employment hereunder immediately upon notice to the Company for "Good Reason." For purposes of this Agreement, the term "Good Reason" shall mean (i) the Company's material breach in the performance or non-performance of any of the Company's obligations or duties under this Agreement, PROVIDED THAT, the Company has first been advised in writing by the Employee of the material breach, and has been given a reasonable opportunity (not to exceed sixty (60) days) to cure such breach if such breach is capable of cure, (ii) the failure of the Company to make any of the payments or provide any benefits as set forth in paragraph 3, above, or (iii) the diminution of the Employee's title, reporting relationship or the responsibilities or duties described herein.