For Good Reason By the Executive. The Executive may immediately resign the Executive’s position for Good Reason and, in such event, the Term shall terminate. As used herein, “Good Reason” means a material negative change in the employment relationship without the Executive’s consent, as evidenced by the occurrence of any of the following: (i) reduction of Base Salary and benefits except for across-the-board changes for executives at the Executive’s level; (ii) exclusion from executive benefit/compensation plans; (iii) relocation of the Executive’s principal business location by the Company of greater than fifty (50) miles; (iv) material breach of the Agreement by the Company; or (v) resignation in compliance with securities/corporate governance applicable law (such as the US Xxxxxxxx-Xxxxx Act) or rules of professional conduct specifically applicable to such Executive. For each event described above in this Section 4.1.2, the Executive must notify the Company within ninety (90) days of the occurrence of the event and the Company shall have thirty (30) days after receiving such notice in which to cure.
For Good Reason By the Executive. The Executive may immediately resign the Executive’s position for Good Reason and, in such event, the Term shall terminate. As used herein, “Good Reason” means, a material negative change in the employment relationship without the Executive’s consent, as evidenced by the occurrence of any of the following:
(i) material diminution in title, duties, responsibilities or authority;
(ii) reduction of Base Salary and benefits except for across-the-board changes for executives at the Executive’s level;
(iii) exclusion from executive benefit/compensation plans;
(iv) relocation of the Executive’s principal business location by the Company of greater than fifty (50) miles;
(v) material breach of the Agreement by the Company; or
(vi) resignation in compliance with securities/corporate governance applicable law (such as the US Xxxxxxxx-Xxxxx Act) or rules of professional conduct specifically applicable to such Executive. For each event described above in this Section 4.1.2, the Executive must notify the Company within ninety (90) days of the occurrence of the event and the Company shall have thirty (30) days after receiving such notice in which to cure.
For Good Reason By the Executive. The Executive may terminate his employment hereunder for Good Reason; provided, however, that upon written notice of the Executive's decision to terminate for Good Reason, the Company shall have thirty (30) days in which to cure such Good Reason. If the Company fails to cure such Good Reason within said thirty (30) days, the Executive may terminate his employment hereunder for Good Reason. "Good Reason" for termination by the Executive shall mean any of the following conduct of the Company:
For Good Reason By the Executive. The Executive may immediately resign the Executive’s position for Good Reason and, in such event, the Term shall terminate. As used herein, “Good Reason” means, a material negative change in the employment relationship without the Executive’s consent, as evidenced by the occurrence of any of the following:
For Good Reason By the Executive. The EXECUTIVE may terminate employment hereunder for Good Reason immediately and with prompt notice to the COMPANY, subject to Section 11 of this Agreement. "Good Reason" for termination by the EXECUTIVE shall be limited to the following conduct of the COMPANY:
For Good Reason By the Executive. If (i) there is a material reduction -------------------------------- or change of Executive's reporting relationship, job duties, responsibilities or requirements that is inconsistent with the position or positions listed in Section 1(a) and the Executive's prior reporting relationship, duties, responsibilities or requirements; (ii) there is a reduction in Executive's salary then in effect, other than a reduction comparable to reductions generally applicable to similarly situated employees of the Company; (iii) the Company requires Executive to relocate to a facility or location more than 50 miles from the Company's current location; or (iv) the Company materially breaches this Agreement, Executive may at his option terminate his employment and such termination shall be considered to be a termination of Executive's employment by the Company for reasons other than Cause. Such termination is a termination by Executive for Good Reason.
For Good Reason By the Executive. The Executive may with immediate notice and without compensation to the Company resign the Executive’s position for Good Reason and, in such event, the Term shall terminate. As used herein, “Good Reason” means a material negative change in the employment relationship without the Executive’s consent, as evidenced by the occurrence of any of the following: (i) reduction of Base Salary and benefits except for across-the-board changes for executives at the Executive’s level; (ii) exclusion from executive benefit/compensation plans; (iii) material breach of the Agreement by the Company (it being agreed that a termination or revision of the assignment described in the Assignment Letter shall not constitute such a material breach); or (iv) resignation in compliance with securities/corporate governance applicable law (such as the US Xxxxxxxx-Xxxxx Act and the Singaporean Securities and Futures Act, Cap. 289) or rules of professional conduct specifically applicable to such Executive. For each event described above in this Section 4.1.2, the Executive must notify the Company within ninety (90) days of the occurrence of the event and the Company shall have thirty (30) days after receiving such notice in which to cure. During such notice periods, the Company may require that the Executive cease performing some or all of the Executive’s duties and/or not be present at the Company’s offices and/or other facilities.
For Good Reason By the Executive. The Executive may immediately resign the Executive’s position for Good Reason and, in such event, the Term shall terminate. As used herein, “Good Reason” means a material negative change in the employment relationship without the Executive’s consent, as evidenced by the occurrence of any of the following: (i) reduction of Base Salary and benefits except for across-the-board changes for executives at the Executive’s level; (ii) exclusion from executive benefit/compensation plans that results in a material diminution of the Executive’s total compensation or bonus opportunities; (iii) a material change in the geographic location at which the Executive must perform the Executive’s services, which material change shall be presumed to have occurred if the Executive’s commute from his residence in Singapore is increased by more than fifty (50) miles, or (iv) material breach of the Agreement by the Company. For each event described above in this Section 4.1.2, the Executive must notify the Company within ninety (90) days of the occurrence of the event and the Company shall have thirty (30) days after receiving such notice in which to cure. During such notice periods, the Company may require that the Executive cease performing some or all of the Executive’s duties and/or not be present at the Company’s offices and/or other facilities.
For Good Reason By the Executive. The EXECUTIVE may terminate employment hereunder for good reason immediately and with prompt notice to the COMPANY, subject to Section 11 of this Agreement. “Good reason” for termination by the EXECUTIVE shall be 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 thirty (30) days of receipt of written notice of said breach; and
(ii) The assignment to the EXECUTIVE of duties inconsistent with the EXECUTIVE’S position, authority, duties or responsibilities as contemplated by Section 1 of the Agreement, or any other action by the COMPANY which results in a material diminution of such position, authority, duties or responsibilities, or which materially impair the EXECUTIVE’S ability to function, 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 EXECUTIVE. Notwithstanding the foregoing, suspension of EXECUTIVE while the Board of Directors conducts any investigation into the conduct of EXECUTIVE or the removal of authority or responsibility of EXECUTIVE over any matter or person or any action to avoid or decrease liability exposure, taken on advice of legal counsel to the COMPANY shall not constitute good reason.
For Good Reason By the Executive. The Executive may immediately resign the Executive’s position for Good Reason and, in such event, the Term shall terminate. As used herein, “Good Reason” means, a material negative change in the employment relationship without the Executive’s consent, as evidenced by the occurrence of any of the following:
(i) material diminution in title, duties, responsibilities or authority;
(ii) reduction of Base Salary and benefits except for across-the-board changes for executives at the Executive’s level;
(iii) exclusion from executive benefit/compensation plans;
(iv) relocation of the Executive’s principal business location by the Company of greater than fifty (50) miles (other than a relocation from Houston to New Jersey to fulfill a senior executive position with the Parent);
(v) material breach of the Agreement by the Company;
(vi) resignation in compliance with securities/corporate governance applicable law (such as the US Xxxxxxxx-Xxxxx Act) or rules of professional conduct specifically applicable to such Executive; or
(vii) the Executive is not elected CEO of the Parent on or before the second anniversary of the Effective Date of this Agreement. For each event described above in this Section 4.1.2, the Executive must notify the Company within ninety (90) days of the occurrence of the event and the Company shall have thirty (30) days after receiving such notice in which to cure.