Common use of For Good Reason by Employee Clause in Contracts

For Good Reason by Employee. The Employee may terminate employment --------------------------- hereunder for good reason immediately and with prompt notice to the Company. "Good reason" for termination by the Employee shall include, but is not limited to, the following conduct of the Company: (i) Material breach of any provision of this Agreement by the Company, which breach shall not have been cured by the Company within sixty (60) days of receipt of written notice of said breach; (ii) Failure to maintain the Employee in a position commensurate with that referred to in Section 2 of this Agreement; (iii) The assignment to the Employee of any duties inconsistent with the Employee's position, authority, duties or responsibilities as contemplated by Section 2 of this Agreement, or any other action by the Company which results in a diminution of such position, authority, duties or responsibilities, excluding for this purpose any isolated action not taken in bad faith and which is promptly remedied by the Company after receipt of notice thereof given by the Employee.

For Good Reason by Employee. The Employee may terminate employment --------------------------- hereunder for good reason immediately and with prompt notice to the Company. "Good reason" for termination by the Employee shall include, but is not be limited to, to the following conduct of the Company: (i) Material breach of any provision of this Agreement by the Company, which breach shall not have been cured by the Company within sixty (60) days of receipt of written notice of said breach; (ii) Failure to maintain the Employee in a position commensurate with that referred to in Section 2 of this Agreement; (iii) The assignment to the Employee of any duties inconsistent with the Employee's position, authority, duties or responsibilities as contemplated by Section 2 of this Agreement, or any other action by the Company which results in a diminution of such position, authority, duties or responsibilities, excluding for this purpose any isolated action not taken in bad faith and which is promptly remedied by the Company after receipt of notice thereof given by the Employee; and (iv) The requirement that the Employee to be based at a location outside of a fifty (50) mile radius from Hackensack, New Jersey, except for required travel on the Company's business to an extent substantially consistent with the Employee's business obligations.

For Good Reason by Employee. The Employee may terminate employment --------------------------- hereunder for good reason immediately and with prompt notice to the Company. "Good reason" for termination by the Employee shall include, but is not limited to, the following conduct of the Company: (i1) Material breach of any provision of this Agreement by the Company, which breach shall not have been cured by the Company within sixty ten (6010) days of receipt of written notice of said breach; (ii2) Failure to maintain the Employee in a position commensurate with that referred to in Section 2 of this Agreement;; or (iii3) The assignment to the Employee of any duties inconsistent with the Employee's position, authority, duties or responsibilities as contemplated by Section 2 of this Agreement, or any other action by the Company which results in a diminution of such position, authority, duties or responsibilities, excluding for this purpose any isolated action not taken in bad faith and which is promptly remedied by the Company after receipt of notice thereof given by the Employee.

For Good Reason by Employee. The Employee may terminate employment --------------------------- hereunder for good reason immediately and with prompt notice to the Company. "Good reason" for termination by the Employee shall include, but is not limited to, the following conduct of the Company: (i) Material breach of any provision of this Agreement by the Company, which breach shall not have been cured by the Company within sixty (60) days of receipt of written notice of said breach; (ii) Failure to maintain the Employee in a position commensurate with that referred to in Section 2 of this Agreement;; provided however, that the ---------------- Employee may be removed as President by the Board of Directors, provided further, that the office of President shall not be senior to the offices of Chairman of the Board or Chief Executive Officer. (iii) Failure to elect Employee as a director of the Company; or (iv) The assignment to the Employee of any duties inconsistent with the Employee's position, authority, duties or responsibilities as contemplated by Section 2 of this Agreement, or any other action by the Company which results in a diminution of such position, authority, duties or responsibilities, excluding for this purpose any isolated action not taken in bad faith and which is promptly remedied by the Company after receipt of notice thereof given by the Employee.

For Good Reason by Employee. The Employee may terminate employment --------------------------- hereunder for good reason immediately and with prompt notice to the Company. "Good reason" for termination by the Employee shall include, but is not limited to, the following conduct of the Company: (i) Material breach of any provision of this Agreement by the Company, which breach shall not have been cured by the Company within sixty (60) days of receipt of written notice of said breach; (ii) Failure to maintain the Employee in a position commensurate with that referred to in Section 2 of this Agreement; (iii) Failure to elect Employee as a director of the Company; or (iv) The assignment to the Employee of any duties inconsistent with the Employee's position, authority, duties or responsibilities as contemplated by Section 2 of this Agreement, or any other action by the Company which results in a diminution of such position, authority, duties or responsibilities, excluding for this purpose any isolated action not taken in bad faith and which is promptly remedied by the Company after receipt of notice thereof given by the Employee.

For Good Reason by Employee. (i) The Employee may terminate ---------------------------- employment --------------------------- hereunder for good reason immediately and with prompt notice to the Company. "Good reason" for termination by the Employee shall include, but is not be limited to, to the following conduct of the Company: : (iA) Material material breach of any provision of this Agreement by the Company, which breach shall not have been cured by the Company within sixty ten (6010) days of receipt of written notice of said breach; ; (iiB) Failure failure to maintain the Employee in a position commensurate with that referred to in Section 2 4 of this Agreement; (iii) The assignment Agreement including, without limitation, the alteration of the officer to whom the Employee reports without the prior written consent of any duties inconsistent with the Employee's position, authority, duties or responsibilities as contemplated by Section 2 of this Agreement, or ; (C) any other action by the Company which results in a material diminution of such position, authority, duties or responsibilities, excluding for this purpose any isolated action not taken in bad faith and which is promptly remedied by the Company after receipt of written notice thereof given by the Employee; or (D) if Company's principal executive offices are moved outside of a one hundred (100) mile radius of New York City. (ii) If Employee terminates his employment for good reason, then Employee shall be entitled to receive payments in accordance with the provisions set forth in Section 8(c).

For Good Reason by Employee. The Employee may terminate employment --------------------------- hereunder for good reason immediately and with prompt notice to the Company. "Good reason" for termination by the Employee shall include, but is not limited to, the following conduct of the Company: (i1) Material breach of any provision of this Agreement by the Company, which breach shall not have been cured by the Company within sixty thirty (6030) days of receipt of written notice of said breach; (ii2) Failure to maintain the Employee in a position commensurate with that referred to in Section 2 of this Agreement;Agreement without his consent; or (iii3) The assignment to the Employee without his consent of any duties inconsistent with the Employee's position, authority, duties or responsibilities as contemplated by Section 2 of this Agreement, or any other action by the Company which results in a diminution of such position, authority, duties or responsibilities, excluding for this purpose any isolated action not taken in bad faith and which is promptly remedied by the Company after receipt of notice thereof given by the Employee.