Common use of For Convenience Of Party; Resignation by EMPLOYEE for Good Reason Clause in Contracts

For Convenience Of Party; Resignation by EMPLOYEE for Good Reason. This Agreement and employment relationship is terminable by either party, for convenience, with or without cause, including but not limited to resignation by EMPLOYEE for Good Reason, at any time upon THIRTY (30) days' advance written notice to the other party. For purposes of this Agreement, "Good Reason" shall mean the occurrence of any of the following without EMPLOYEE's express written consent: (i) a significant reduction of EMPLOYEE's material duties, position, or responsibilities as provided in this Agreement, or the removal of EMPLOYEE from the position, duties, and responsibilities contemplated by this Agreement; (ii) a reduction in Base Compensation or Cash Incentive Bonus other than a one-time reduction of not more than 10% that also is applied to substantially all other senior executives at the COMPANY; (iii) a material reduction in EMPLOYEE's benefits as compared to the benefits in effect on the Effective Date; (iv) EMPLOYEE must perform a significant portion of his duties at a location other than COMPANY headquarters; or (v) COMPANY headquarters are relocated more than 50 miles from the current location in Santa Barbara, California.

For Convenience Of Party; Resignation by EMPLOYEE for Good Reason. This Agreement and employment relationship is terminable by either party, for convenience, with or without cause, including but not limited to resignation by EMPLOYEE for Good Reason, at any time upon THIRTY (30) days' advance written notice to the other party. For purposes of this Agreement, "Good Reason" shall mean the occurrence of any of the following without EMPLOYEE's express written consent: (i) a significant reduction of EMPLOYEE's material duties, position, or responsibilities as provided in this Agreement, or the removal of EMPLOYEE from the position, duties, and responsibilities contemplated by this Agreement; (ii) a reduction in Base Compensation or Cash Incentive Bonus other than a one-time reduction of not more than 10% that also is applied to substantially all other senior executives at the COMPANY; (iii) a material reduction in EMPLOYEE's benefits as compared to the benefits in effect on the Effective Date; (iv) EMPLOYEE must perform a significant portion of his duties at a location other than at COMPANY headquarters; or (v) COMPANY headquarters are relocated more than 50 miles from the current location in Santa Barbara, California.

For Convenience Of Party; Resignation by EMPLOYEE for Good Reason. This Agreement and employment relationship is terminable by either party, for convenience, with or without cause, including but not limited to resignation by EMPLOYEE for Good Reason, at any time upon THIRTY (30) days' advance written notice to the other party. For purposes of this Agreement, "Good Reason" shall mean the occurrence of any of the following without EMPLOYEE's express written consent: (i) a significant reduction of EMPLOYEE's material duties, position, or responsibilities as provided in this Agreement, or the removal of EMPLOYEE from the position, duties, and responsibilities contemplated by this Agreement; (ii) a reduction in Base Compensation or Cash Incentive Bonus other than a one-time reduction of not more than 10% that also is applied to substantially all other senior executives at the COMPANY; (iii) a material reduction in EMPLOYEE's benefits as compared to the benefits in effect on the Effective Date; (iv) EMPLOYEE must perform a significant portion of his her duties at a location other than at COMPANY headquarters; or (v) COMPANY headquarters are relocated more than 50 miles from the current location in Santa Barbara, California.

For Convenience Of Party; Resignation by EMPLOYEE for Good Reason. This Agreement and employment relationship is terminable by either party, for convenience, with or without cause, including but not limited to resignation by EMPLOYEE for Good Reason, at any time upon THIRTY (30) days' advance written notice to the other party. For purposes of this Agreement, "Good Reason" shall mean the occurrence of any of the following without EMPLOYEE's express written consent: (i) a significant reduction of EMPLOYEE's material duties, position, or responsibilities as provided in this Agreement, or the removal of EMPLOYEE from the position, duties, and responsibilities contemplated by this Agreement; (ii) a reduction in Base Compensation or Cash Incentive Bonus other Bonusother than a one-time reduction of not more than 10% that also is applied to substantially all other senior executives at the COMPANY; (iii) a material reduction in EMPLOYEE's benefits as compared to the benefits in effect on the Effective Date; (iv) EMPLOYEE must perform a significant portion of his duties at a location other than at COMPANY headquarters; or (v) COMPANY headquarters are relocated more than 50 miles from the current location in Santa Barbara, California.

For Convenience Of Party; Resignation by EMPLOYEE for Good Reason. This Agreement and employment relationship is terminable by either party, for convenience, with or without cause, including but not limited to resignation by EMPLOYEE for Good Reason, at any time upon THIRTY (30) days' advance written notice to the other party. For purposes of this Agreement, "Good Reason" shall mean the occurrence of any of the following without EMPLOYEE's express written consent: (i) a significant reduction of EMPLOYEE's material duties, position, or responsibilities as provided in this Agreement, or the removal of EMPLOYEE from the position, duties, and responsibilities contemplated by this Agreement; (ii) a reduction in Base Compensation or Cash Incentive Bonus other Bonusother than a one-time reduction of not more than 10% that also is applied to substantially all other senior executives at the COMPANY; (iii) a material reduction in EMPLOYEE's benefits as compared to the benefits in effect on the Effective Date; (iv) EMPLOYEE must perform a significant portion of his duties at a location other than COMPANY headquarters; or (v) COMPANY headquarters are relocated more than 50 miles from the current location in Santa Barbara, California.

For Convenience Of Party; Resignation by EMPLOYEE for Good Reason. This Agreement and employment relationship is terminable by either party, for convenience, with or without cause, including but not limited to resignation by EMPLOYEE for Good Reason, at any time upon THIRTY (30) days' advance written notice to the other party. For purposes of this Agreement, "Good Reason" shall mean the occurrence of any of the following without EMPLOYEE's express written consent: (i) a significant reduction of EMPLOYEE's material duties, position, or responsibilities as provided in this Agreement, or the removal of EMPLOYEE from the position, duties, and responsibilities contemplated by this Agreement; (ii) a reduction in Base Compensation or Cash Incentive Bonus other than a one-time reduction of not more than 10% that also is applied to substantially all other senior executives at the COMPANY; (iii) a material reduction in EMPLOYEE's benefits as compared to the benefits in effect on the Effective Date; (iv) EMPLOYEE must perform a significant substantial portion of his duties at a location other than at the COMPANY headquarters; or (v) COMPANY headquarters are relocated more than 50 miles from the current location in Santa Barbara, California.