Common use of For Good Reason by Executive Clause in Contracts

For Good Reason by Executive. During the Contract Period while Executive is employed by SITE Centers, Executive may terminate Executive’s employment under this Agreement for “Good Reason” if any of the following circumstances occur: (a) SITE Centers materially reduces Executive’s authority, duties or responsibilities from those set forth in Section 1 above; (b) SITE Centers materially reduces Executive’s Base Salary, Annual Bonus opportunity, or annual equity grant opportunity from that set forth in Section 3 above (but only to the extent that such reduction results in a substantial reduction in Executive’s total compensation); (c) Executive is required to report to anyone other than the CEO; (d) SITE Centers changes Executive’s principal place of employment to a location that is more than 50 miles from the geographical center of New York, NY; or (e) SITE Centers materially breaches any of its obligations under this Agreement. Notwithstanding the foregoing, no termination of employment by Executive shall constitute a termination for “Good Reason” unless (i) Executive gives SITE Centers notice of the existence of an event described in clause (a), (b), (c), (d) or (e) above, within sixty (60) days following the occurrence thereof and (ii) SITE Centers does not remedy such event described in clause (a), (b), (c), (d) or (e) above, as applicable, within thirty (30) days of receiving the notice described in the preceding clause (i), and (iii) in all cases, Executive terminates employment pursuant to this Section 6.3 within one year from the date the event described in clause (a), (b), (c), (d) or (e) above initially occurred.

Appears in 4 contracts

Samples: Employment Agreement (SITE Centers Corp.), Employment Agreement (SITE Centers Corp.), Employment Agreement (SITE Centers Corp.)

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For Good Reason by Executive. During the Contract Period while Executive is employed by SITE CentersCurbline TRS, Executive may terminate Executive’s employment under this Agreement for “Good Reason” if any of the following circumstances occur: (a) SITE Centers Curbline materially reduces Executive’s authority, duties or responsibilities with respect to Curbline from those set forth in Section 1 above; (b) SITE Centers Curbline or Curbline TRS materially reduces Executive’s Base Salary, Annual Bonus opportunity, or annual equity grant opportunity from that set forth in Section 3 above (but only to the extent that such reduction results in a substantial reduction in Executive’s total compensation); (c) Executive is required to report to anyone other than the CEO;; or (d) SITE Centers changes Executive’s principal place Curbline or any of employment to a location that is more than 50 miles from the geographical center of New York, NY; or (e) SITE Centers its Subsidiaries materially breaches any of its obligations under this Agreement. Notwithstanding the foregoing, no termination of employment by Executive shall constitute a termination for “Good Reason” unless (i) Executive gives SITE Centers Curbline notice of the existence of an event described in clause (a), (b), (c), (d) or (ed) above, within sixty (60) days following the occurrence thereof and (ii) SITE Centers Curbline does not remedy such event described in clause (a), (b), (c), (d) or (ed) above, as applicable, within thirty (30) days of receiving the notice described in the preceding clause (i), and (iii) in all cases, Executive terminates employment pursuant to this Section 6.3 within one year from the date the event described in clause (a), (b), (c), (d) or (ed) above initially occurred.

Appears in 3 contracts

Samples: Assigned Employment Agreement (SITE Centers Corp.), Assigned Employment Agreement (Curbline Properties Corp.), Assigned Employment Agreement (Curbline Properties Corp.)

For Good Reason by Executive. During the Contract Period while Executive is employed by SITE CentersCurbline TRS, Executive may terminate Executive’s employment under this Agreement for “Good Reason” if any of the following circumstances occur: (a) SITE Centers Curbline materially reduces Executive’s authority, duties or responsibilities with respect to Curbline from those set forth in Section 1 above; (b) SITE Centers Curbline or Curbline TRS materially reduces Executive’s Base Salary, Annual Bonus opportunity, or annual equity grant opportunity from that set forth in Section 3 above (but only to the extent that such reduction results in a substantial reduction in Executive’s total compensation); (c) Executive is required to report to anyone other than the CEO; (d) SITE Centers Curbline changes Executive’s principal place of employment to a location that is more than 50 miles from the geographical center of New York, NY; or (e) SITE Centers Curbline or any of its Subsidiaries materially breaches any of its obligations under this Agreement. Notwithstanding the foregoing, no termination of employment by Executive shall constitute a termination for “Good Reason” unless (i) Executive gives SITE Centers Curbline notice of the existence of an event described in clause (a), (b), (c), (d) or (e) above, within sixty (60) days following the occurrence thereof and (ii) SITE Centers Curbline does not remedy such event described in clause (a), (b), (c), (d) or (e) above, as applicable, within thirty (30) days of receiving the notice described in the preceding clause (i), and (iii) in all cases, Executive terminates employment pursuant to this Section 6.3 within one year from the date the event described in clause (a), (b), (c), (d) or (e) above initially occurred.

Appears in 2 contracts

Samples: Assigned Employment Agreement (SITE Centers Corp.), Assigned Employment Agreement (Curbline Properties Corp.)

For Good Reason by Executive. During the Contract Period while Executive is employed by SITE Centers, Executive may terminate Executive’s employment under this Agreement for “Good Reason” if any of the following circumstances occur: (a) SITE Centers materially reduces Executive’s authority, duties or responsibilities from those set forth in Section 1 above; (b) SITE Centers materially reduces Executive’s Base Salary, Annual Bonus opportunity, or annual equity grant opportunity from that set forth in Section 3 above (but only to the extent that such reduction results in a substantial reduction in Executive’s total compensation); (c) Executive is required to report to anyone other than the CEO; (d) SITE Centers changes Executive’s principal place of employment to a location that is more than 50 miles from the geographical center of New York, NY; or (e) SITE Centers materially breaches any of its obligations under this Agreement. Notwithstanding the foregoing, no termination of employment by Executive shall constitute a termination for “Good Reason” unless (i) Executive gives SITE Centers notice of the existence of an event described in clause (a), (b), (c), (d) or (e) above, within sixty (60) days following the occurrence thereof and (ii) SITE Centers does not remedy such event described in clause (a), (b), , (c), ) (d) or (e) above, as applicable, within thirty (30) days of receiving the notice described in the preceding clause (i), and (iii) in all cases, Executive terminates employment pursuant to this Section 6.3 within one year from the date the event described in clause (a), (b), (c), (d) or (e) above initially occurred.

Appears in 1 contract

Samples: Employment Agreement (SITE Centers Corp.)

For Good Reason by Executive. During the Contract Period while Executive is employed by SITE CentersDDR, Executive may terminate Executive’s employment under this Agreement for “Good Reason” if any of the following circumstances occur: (a) SITE Centers DDR materially reduces Executive’s authority, duties or responsibilities from those set forth in Section 1 aboveabove or Executive is not nominated for election to the Board pursuant to Section 2; (b) SITE Centers DDR materially reduces Executive’s Base Salary, Annual Bonus opportunity, or annual equity grant opportunity from that set forth in Section 3 4 above (but only to the extent that such reduction results in a substantial reduction in Executive’s total compensation); (c) Executive is required to report to anyone other than the CEOBoard, such as a corporate officer or employee; (d) SITE Centers changes DDR relocates Executive’s principal place of employment office to a location that is more than 50 miles from not within the geographical center of New York, NYcontiguous United States without Executive’s prior approval; or (e) SITE Centers DDR materially breaches any of its obligations under this Agreement. Notwithstanding the foregoing, no termination of employment by Executive shall constitute a termination for “Good Reason” unless (i) Executive gives SITE Centers DDR notice of the existence of an event described in clause (a), (b), (c), (d) or (e) above, within sixty (60) days following the occurrence thereof and (ii) SITE Centers DDR does not remedy such event described in clause (a), (b), (c), (d) or (e) above, as applicable, within thirty (30) days of receiving the notice described in the preceding clause (i), and (iii) in all cases, Executive terminates employment pursuant to this Section 6.3 7.3 within one year from the date the event described in clause (a), (b), (c), (d) or (e) above initially occurred.

Appears in 1 contract

Samples: Employment Agreement (DDR Corp)

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For Good Reason by Executive. During the Curbline Contract Period while Executive is employed by SITE CentersCurbline (or an appropriate Subsidiary), Executive may terminate Executive’s employment under this Agreement for “Good Reason” if any of the following circumstances occur: (a) SITE Centers Curbline materially reduces Executive’s authority, duties or responsibilities from those set forth in Section 1 1.3 above; (b) SITE Centers Curbline (or an appropriate Subsidiary) materially reduces Executive’s Cash Base Salary, Annual Bonus opportunity, or annual equity grant opportunity from that set forth in Section 3 above (but only to the extent that such reduction results in a substantial reduction in Executive’s total compensation); (c) Executive is required to report to anyone other than the CEOCurbline’s Board, such as a corporate officer or employee; (d) SITE Centers Curbline changes Executive’s principal place of employment to a location that is more than 50 miles from the geographical center of New York, NY; or (e) SITE Centers Curbline or any of its Subsidiaries materially breaches any of its obligations under this Agreement. Notwithstanding the foregoing, no termination of employment by Executive shall constitute a termination for “Good Reason” unless (i) Executive gives SITE Centers Curbline notice of the existence of an event described in clause (a), (b), (c), (d) or (e) above, within sixty (60) days following the occurrence thereof and (ii) SITE Centers Curbline does not remedy such event described in clause (a), (b), (c), (d) or (e) above, as applicable, within thirty (30) days of receiving the notice described in the preceding clause (i), and (iii) in all cases, Executive terminates employment pursuant to this Section 6.3 within one year from the date the event described in clause (a), (b), (c), (d) or (e) above initially occurred.

Appears in 1 contract

Samples: Employment Agreement (SITE Centers Corp.)

For Good Reason by Executive. During the Contract Period while Executive is employed by SITE Centers, Executive may terminate Executive’s employment under this Agreement for “Good Reason” if any of the following circumstances occur: (a) SITE Centers materially reduces Executive’s authority, duties or responsibilities from those set forth in Section 1 above; (b) SITE Centers materially reduces Executive’s Base Salary, Annual Bonus opportunity, or annual equity grant opportunity from that set forth in Section 3 above (but only to the extent that such reduction results in a substantial reduction in Executive’s total compensation); (c) Executive is required to report to anyone other than the CEOBoard, such as a corporate officer or employee; (d) SITE Centers changes Executive’s principal place of employment to a location that is more than 50 miles from the geographical center of New York, NY; or (e) SITE Centers materially breaches any of its obligations under this Agreement. Notwithstanding the foregoing, no termination of employment by Executive shall constitute a termination for “Good Reason” unless (i) Executive gives SITE Centers notice of the existence of an event described in clause (a), (b), (c), (d) or (e) above, within sixty (60) days following the occurrence thereof and (ii) SITE Centers does not remedy such event described in clause (a), (b), (c), (d) or (e) above, as applicable, within thirty (30) days of receiving the notice described in the preceding clause (i), and (iii) in all cases, Executive terminates employment pursuant to this Section 6.3 within one year from the date the event described in clause (a), (b), (c), (d) or (e) above initially occurred.

Appears in 1 contract

Samples: Employment Agreement (SITE Centers Corp.)

For Good Reason by Executive. During the Contract Period while Executive is employed by SITE CentersCurbline TRS, Executive may terminate Executive’s employment under this Agreement for “Good Reason” if any of the following circumstances occur: (a) SITE Centers Curbline materially reduces Executive’s authority, duties or responsibilities with respect to Curbline from those set forth in Section 1 above; (b) SITE Centers Curbline or Curbline TRS materially reduces Executive’s Cash Base Salary, Annual Bonus opportunity, or annual equity grant opportunity from that set forth in Section 3 above (but only to the extent that such reduction results in a substantial reduction in Executive’s total compensation); (c) Executive is required to report to anyone other than the CEOCurbline’s Board, such as a corporate officer or employee; (d) SITE Centers Curbline changes Executive’s principal place of employment to a location that is more than 50 miles from the geographical center of New York, NY; or (e) SITE Centers Curbline or any of its Subsidiaries materially breaches any of its obligations under this Agreement. Notwithstanding the foregoing, no termination of employment by Executive shall constitute a termination for “Good Reason” unless (i) Executive gives SITE Centers Curbline notice of the existence of an event described in clause (a), (b), (c), (d) or (e) above, within sixty (60) days following the occurrence thereof and (ii) SITE Centers Curbline does not remedy such event described in clause (a), (b), (c), (d) or (e) above, as applicable, within thirty (30) days of receiving the notice described in the preceding clause (i), and (iii) in all cases, Executive terminates employment pursuant to this Section 6.3 within one year from the date the event described in clause (a), (b), (c), (d) or (e) above initially occurred.

Appears in 1 contract

Samples: Assigned Employment Agreement (Curbline Properties Corp.)

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