Executive’s Right to Terminate. Notwithstanding the provisions of paragraph 2.1, Executive shall have the right to terminate his employment under this Agreement for any of the following reasons:
Executive’s Right to Terminate. Notwithstanding the provisions of Section 3.1, Executive shall have the right to terminate Executive’s employment under this Agreement for Good Reason or for any other reason whatsoever or for no reason at all, in the sole discretion of Executive, by providing the Employer with a Notice of Termination. In the case of a termination of employment by Executive pursuant to this Section 3.3, the Date of Termination specified in the Notice of Termination shall not be less than 15 nor more than 60 days, respectively, from the date such Notice of Termination is given, and the Employer may require a Date of Termination earlier than that specified in the Notice of Termination (and, if such earlier Date of Termination is so required, it shall not change the basis for Executive’s termination nor be construed or interpreted as a termination of employment pursuant to Section 3.1 or Section 3.2).
Executive’s Right to Terminate. Notwithstanding the provisions of Section 3.1 Executive shall have the right to terminate his employment under this Agreement for any of the following reasons:
(a) as a result of a Change in Duties; provided, however, that prior to Executive's termination as a result of a Change of Duties, Executive must give written notice to Company of the specific occurrence that resulted in the Change in Duties and such occurrence must remain uncorrected for 10 days following such written notice; or
(b) at any time for any other reason whatsoever, in the sole discretion of Executive.
Executive’s Right to Terminate. Executive will have the right to resign Executive’s employment with the Company at any time as well as following an event constituting Good Reason.
Executive’s Right to Terminate. Notwithstanding the provisions of paragraph 2.1, Executive shall have the right to terminate his employment under this Agreement at any time for any of the following reasons:
(i) the assignment to Executive by the Board of Directors or other officers or representatives of Company of duties materially inconsistent with the duties associated with the positions described in paragraph 1.2 as such duties are constituted as of the Effective Date, or the failure to elect or reelect Executive to any of the positions described in paragraph 1.2 or the removal of him from any such positions;
(ii) a material diminution in the nature or scope of Executive's authority, responsibilities, or titles from those applicable to him as of the Effective Date, including a change in the reporting structure so that Executive reports to someone other than the Chief Executive Officer of Company;
(iii) the occurrence of acts or conduct on the part of Company, its Board of Directors, or its officers, representatives or stockholders which prevent Executive from, or substantively hinder Executive in, performing his duties or responsibilities pursuant to this Agreement;
(iv) Company requiring Executive to be permanently based anywhere outside a major urban center in Texas;
(v) the taking of any action by Company that would materially adversely affect the corporate amenities enjoyed by Executive on the Effective Date;
(vi) a material breach by Company of any provision of this Agreement which, if correctable, remains uncorrected for 30 days following written notice of such breach by Executive to Company, it being agreed that any reduction in Executive's then current annual base salary, or any reduction in Executive's annual cash bonus opportunity as a percentage of such base salary from that percentage in effect on the Effective Date (i.e., 0% to 125% of base salary) or any material change in the frequency of payment thereof or the performance factors on which such bonus is based, shall constitute a material breach by Company of this Agreement; or
(vii) for any other reason whatsoever, in the sole discretion of Executive.
Executive’s Right to Terminate. Executive may terminate Executive’s employment for Good Reason at any time during the term of this Agreement. For purposes of this Agreement, “Good Reason” shall mean any of the following (without Executive’s express written consent):
Executive’s Right to Terminate. Notwithstanding the provisions of paragraph 2.1, Executive shall have the right to terminate his employment under this Agreement for any of the following reasons:
(i) within 60 days of and in connection with or based upon (A) a material breach by Company of any material provision of this Agreement, (B) a material reduction in title of the Executive set forth in paragraph 1.2 without Executive’s consent to such reduction or (C) any requirement that Executive relocate in violation of paragraph 1.6 (each referred to hereinafter as “Good Reason”); provided, however, that, prior to Executive’s termination of employment under this paragraph 2.3(i), Executive must give written notice to Company of any such breach, reduction or requirement and such breach, reduction or requirement must remain uncorrected for 20 days following such written notice;
(ii) at any time after there is a Change in Control (as such term is defined in paragraph 6.1); or
(iii) at any time for any other reason whatsoever, in the sole discretion of Executive.
Executive’s Right to Terminate. At any time during the Initial Term or any Renewal Term, Executive will have the right to terminate this Agreement and Executive's employment with the Company for:
Executive’s Right to Terminate. Notwithstanding the provisions of paragraph 2.1, Executive shall have the right to terminate Executive's employment under this Agreement at any time for any of the following reasons:
(i) a material diminution in Executive's authority, duties, or responsibilities from those applicable to Executive as of the Effective Date, including a change in the reporting structure so that Executive reports other than to the Chief Executive Officer or President of Company;
(ii) a material change in the geographic location at which Executive must perform services, which for purposes of this Agreement shall mean Company requiring Executive to be permanently based more than 50 miles outside the city limits of Houston, Texas;
(iii) a material diminution in Executive's base salary;
(iv) a material breach by Company of any provision of this Agreement (including, without limitation, paragraphs 1.2, 3.2, or 3.7 of this Agreement); or
(v) for any other reason whatsoever, in the sole discretion of Executive. For purposes of this Agreement, Executive's employment by Company will be considered to have been terminated by Executive for "Good Reason" if such termination of employment is by Executive for a reason encompassed by paragraphs 2.3(i), (ii), (iii), or (iv). Further, notwithstanding the foregoing provisions of this paragraph 2.3 or any other provision in this Agreement to the contrary, any assertion by Executive of a termination of employment for Good Reason shall not be effective unless all of the following conditions are satisfied: (1) the condition described in paragraphs 2.3(i), (ii), (iii), or (iv) giving rise to Executive's termination of employment must have arisen without Executive's written consent; (2) Executive must provide written notice to Company of such condition in accordance with paragraph 5.2 within 90 days of the initial existence of the condition; (3) the condition specified in such notice must remain uncorrected for 30 days after receipt of such notice by Company; and (4) the date of Executive's termination of employment must occur within 180 days after the initial existence of the condition specified in such notice.
Executive’s Right to Terminate. Notwithstanding the provisions of Article 2.1, Executive shall have the right to terminate his employment under this Agreement at any time for any of the following reasons:
(a) without Executive’s consent, a substantial and material diminishment of Executive’s duties, responsibilities and status with the Company as described in Article 1.2, above;
(b) a reduction in Executive’s Base Salary and/or Job Title;
(c) the Company’s requiring Executive to relocate anywhere other than Houston, Texas, except in the event Executive’s office is moved no more than 50 miles from its present location, or, in the event Executive consents to such relocation out of Houston, Texas, the failure by Company to pay or reimburse Executive for all reasonable moving expenses incurred by Executive relating to a change of Executive’s principal residence in connection with such relocation and to indemnify Executive against any loss (defined as the difference between the actual bona fide sale price of such residence and the fair market value of such residence as determined by a member of the Society of Real Estate Appraisers designated by Executive and satisfactory to Company) realized in the sale of Executive’s principal residence in connection with any such change of residence; and
(d) for any other reason whatsoever, in the sole discretion of Executive. For purposes of this Agreement: (i) a termination of employment by Executive under clauses (a) through (c) above shall constitute a termination of employment by Executive for “Good Reason;” and (ii) a termination of employment by Executive under clause (d) above shall constitute a termination of employment by Executive “without Good Reason”.
