Common use of Good Reason Resignation Clause in Contracts

Good Reason Resignation. Executive may terminate the Employment Period and resign his employment at any time for Good Reason, effective upon delivery of written notice of resignation to the Company. If such resignation by Executive is asserted to be for "Good Reason," such resignation and notice shall state the grounds that Executive claims constitute Good Reason. As used herein "Good Reason" shall mean a material breach of this Agreement by the Company, which breach is not cured within thirty (30) days of the Company's receipt of notice of such breach, or a demotion such that Executive does not serve as the Chief Executive Officer of the Company.

Good Reason Resignation. Executive may terminate the Employment Period and resign his Executive's employment at any time for Good Reason, effective upon delivery of written notice of resignation termination to the Company. If such resignation termination by Executive is asserted to be for "Good Reason," ", such resignation and termination notice shall state the grounds that Executive claims constitute Good Reason. As used herein herein, "Good Reason" shall mean a material breach of this Agreement by the Company, which breach is not cured within thirty (30) days of the Company's receipt of notice of such breach, or a . A demotion such that Executive does not serve as the Chief Executive Officer, or Co-Chief Executive Officer of the CompanyCompany shall constitute "Good Reason".

Good Reason Resignation. Executive may terminate the Employment Period and resign his Executive’s employment at any time for Good Reason, effective upon delivery of written notice of resignation termination to the Company. If such resignation termination by Executive is asserted to be for "“Good Reason," ”, such resignation and termination notice shall state the grounds that Executive claims constitute Good Reason. As used herein "“Good Reason" ” shall mean a material breach of this Agreement by the Company, which breach is not cured within thirty (30) days of the Company's receipt of notice of such breach, or a demotion such that Executive does not serve as the Chief Executive Officer of the Company. 6.