Common use of Notice of Prospective Action Clause in Contracts

Notice of Prospective Action. Executive is officially notified (or it is officially announced) that the Company will take any of the actions listed above during the term of this Agreement. However, an event that is or would constitute Good Reason shall cease to be Good Reason if: (1) Executive does not terminate employment within ten (10) days after the event occurs with knowledge of Executive (except for a Change of Control); or (2) the Company reverses the action or cures the default that constitutes Good Reason within 30 days after Executive notifies it in writing that Good Reason exists before Executive terminates employment If Executive has Good Reason to terminate employment, he may do so even if he is on a leave of absence due to physical or mental illness or any other reason, but he must do so before his actual or constructive Disability termination as defined herein.

Notice of Prospective Action. Executive is officially notified (or it is officially announced) that the Company Employer will take any of the actions listed above during the term of this Agreement. However, an event that is or would constitute Good Reason shall cease to be Good Reason if: (1i) Executive does not terminate employment within ten thirty (1030) days after the event occurs with knowledge of Executive (except for a Change of Control)Executive; or (2ii) the Company Employer reverses the action or cures the default that constitutes Good Reason within 30 thirty (30) days after Executive notifies it Employer in writing that Good Reason exists before Executive terminates employment employment. If Executive has Good Reason to terminate employment, he may do so even if he is on a leave of absence due to physical or mental illness or any other reason, but he must do so before his actual or constructive Disability termination as defined herein.

Notice of Prospective Action. Executive is officially notified (or it is officially announced) that the Company Employer will take any of the actions listed above during the term of this Agreement. However, an event that is or would constitute Good Reason shall cease to be Good Reason if: (1i) Executive does not terminate employment within ten thirty (1030) days after the event occurs with knowledge of Executive (except for a Change of Control); or (2ii) the Company Employer reverses the action or cures the default that constitutes Good Reason within 30 thirty (30) days after Executive notifies it Employer in writing that Good Reason exists before Executive terminates employment employment. If Executive has Good Reason to terminate employment, he she may do so even if he she is on a leave of absence due to physical or mental illness or any other reason, but he she must do so before his her actual or constructive Disability termination as defined herein.

Notice of Prospective Action. Executive is officially notified (or it is officially announced) that the Company will take any of the actions listed above during the term of this Agreement. However, an event that is or would constitute Good Reason shall cease to be Good Reason if: (1) Executive does not terminate employment this Agreement within ten (10) days after the event occurs with knowledge of Executive (except for a Change of Control); or (2) the Company reverses the action or cures the default that constitutes Good Reason within 30 days after Executive notifies it in writing that Good Reason exists before Executive terminates employment this Agreement. If Executive has Good Reason to terminate employmentthis Agreement, he may do so even if he is on a leave of absence due to physical or mental illness or any other reason, but he must do so before his actual or constructive Disability termination as defined herein.

Notice of Prospective Action. Executive is officially notified (or it is officially announced) that the Company Employer will take any of the actions listed above during the term of this Agreement. However, an event that is or would constitute Good Reason shall cease to be Good Reason if: (1i) Executive does not terminate employment within ten thirty (1030) days after the event occurs with knowledge of Executive (except for a Change of Control); or (2ii) the Company Employer reverses the action or cures the default that constitutes Good Reason within 30 thirty (30) days after Executive notifies it Employer in writing that Good Reason exists before Executive terminates employment employment. If Executive has Good Reason to terminate employment, he may do so even if he is on a leave of absence due to physical or mental illness or any other reason, but he must do so before his actual or constructive Disability termination as defined herein.