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 DDR, Executive may terminate Executive’s employment under this Agreement for “Good Reason” if any of the following circumstances occur: (a) DDR materially reduces Executive’s authority, duties or responsibilities from those set forth in Section 1 above; (b) DDR 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) DDR 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 changes DDR’s principal executive offices to a location that is more than 50 miles from the geographical center of Cleveland, Ohio; or (e) 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 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) 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 within one year from the date the event described in clause (a), (b), (c), (d) or (e) above initially occurred.

For Good Reason by Executive. During the Contract Period while Executive is employed by DDR, Executive may terminate Executive’s employment under this Agreement for “Good Reason” if any of the following circumstances occur: (a) DDR materially reduces Executive’s authority, duties or responsibilities from those set forth in Section 1 above; (b) DDR 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) DDR 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 changes DDR’s principal executive offices to a location that is more than 50 miles from the geographical center of Cleveland, Ohio; or (e) 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 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) 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 within one year from the date the event described in clause (a), (b), (c), (d) or (e) above initially occurred.

For Good Reason by Executive. During the Contract Period while Executive is employed by DDRSITE Centers, Executive may terminate Executive’s employment under this Agreement for “Good Reason” if any of the following circumstances occur: (a) DDR SITE Centers materially reduces Executive’s authority, duties or responsibilities from those set forth in Section 1 above; (b) DDR 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 CEOCFO or SITE Centers’ Chief Executive Officer; (d) DDR 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 changes DDR’s principal executive offices to a location that is more than 50 miles from the geographical center of ClevelandBeachwood, Ohio; or (e) DDR 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 DDR 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) DDR 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.