Common use of For Good Reason or Without Cause Clause in Contracts

For Good Reason or Without Cause. (1) At any time during the term of this Agreement and subject to the conditions set forth in Section 13(d)(2) below the Executive may terminate this Agreement and the Executive’s employment with the Company for “Good Reason.” For purposes of this Agreement, “Good Reason” shall mean the occurrence of any of the following events without Executive’s consent: (A) the assignment to the Executive, without Executive's consent, of duties that are significantly different from, and/or that result in a substantial diminution of, the duties that he assumed on the Effective Date (including reporting to anyone other than solely and directly to the Board); (B) the assignment to the Executive, without Executive's consent, of a title that is different from and subordinate to the title President and Chief Executive Officer and/or Chairman of the Board of the Company; or (C) material breach by the Company of this Agreement.

Appears in 2 contracts

Samples: Executive Employment Agreement (MusclePharm Corp), Executive Employment Agreement (MusclePharm Corp)

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For Good Reason or Without Cause. (1) At any time during the term of this Agreement and subject to the conditions set forth in Section 13(d)(212(d)(2) below below, the Executive may terminate this Agreement and the Executive’s employment with the Company for “Good Reason.” For purposes of this Agreement, “Good Reason” shall mean the occurrence of any of the following events without the Executive’s written consent: (A) the assignment to the Executive, without Executive's consent, Executive of duties that are significantly different from, and/or that result in a substantial diminution of, the duties that he assumed on the Effective Date (including reporting to anyone other than solely and directly to the Board); (B) the assignment to the Executive, without Executive's consent, Executive of a title that is different from and subordinate to the title President and Chief Executive Officer and/or Chairman of the Board of the Company; or (C) material breach by the Company of this Agreement.

Appears in 1 contract

Samples: Executive Employment Agreement (MusclePharm Corp)

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For Good Reason or Without Cause. (1) At any time during the term of this Agreement and subject to the conditions set forth in Section 13(d)(2) below the Executive may terminate this Agreement and the Executive’s employment with the Company for “Good Reason.” ”. For purposes of this Agreement, “Good Reason” shall mean the occurrence of any of the following events without Executive’s consent: (A) the assignment to the Executive, without Executive's consent, of duties that are significantly different from, and/or that result in a substantial diminution of, the duties that he assumed on the Effective Date (including reporting to anyone other than solely and directly to the Board); (B) the assignment to the Executive, without Executive's consent, of a title that is different from and subordinate to the title President and Chief Executive Officer and/or Chairman of the Board of the Company; or (C) material breach by the Company of this Agreement.

Appears in 1 contract

Samples: Executive Employment Agreement (MusclePharm Corp)

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