Common use of Other Events of Termination Clause in Contracts

Other Events of Termination. The following circumstances shall specifically be deemed a termination Without Cause of Executive’s employment by Employer: i. a vote by the Board of Directors to terminate Executive Without Cause, as defined in Section 4(D) hereof; ii. any termination of Executive’s employment which is not effected pursuant to a Notice of Termination satisfying the requirements of Section 4(I) hereof; iii. a breach by Employer of this Agreement, and a subsequent election by Executive to terminate this Agreement pursuant to Section 4(E) above; iv. the performance of any other act by Employer which is designed to prevent and does prevent Executive from properly performing the authorities, duties and responsibilities of his employment hereunder; or v. Executive voluntarily terminates his employment for “Good Reason.” Good Reason shall mean (a) any material diminution by Executive’s supervisor or the Board of Directors, as the case may be, of Executive’s position, duties, or responsibilities; (b) any reduction in Executive’s salary or Executive’s benefits described in Section 3(D), other than a reduction affecting all executive officers; or (c) the relocation of Employer’s headquarters outside of Palm Beach County, Florida.

Other Events of Termination. The following circumstances shall specifically be deemed a termination Without Cause of Executive’s employment by Employer: i. a vote by the Board of Directors to terminate Executive Without Cause, as defined in Section 4(D) hereof; ii. any termination of Executive’s employment which is not effected pursuant to a Notice of Termination satisfying the requirements of Section 4(I) hereof; iii. a breach by Employer of this Agreement, and a subsequent election by Executive to terminate this Agreement pursuant to Section 4(E) above; iv. the performance of any other act by Employer which is designed to prevent and does prevent Executive from properly performing the authorities, duties and responsibilities of his employment hereunder; or v. Executive voluntarily terminates his employment for “Good Reason.” Good Reason shall mean (a) any material diminution by Executive’s supervisor or the Board of Directors, as the case may be, of Executive’s position, duties, or responsibilities; (b) any reduction in Executive’s salary or Executive’s benefits described in Section 3(D), other than a reduction affecting all executive officers; or (c) the relocation of Employer’s headquarters production facility outside of Palm Beach Polk County, Florida.

Other Events of Termination. The following circumstances shall specifically be deemed a termination Without Cause of Executive’s employment by Employer: i. a vote by the Board of Directors to terminate Executive Without Cause, as defined in Section 4(D) hereof; ii. any termination of Executive’s employment which is not effected pursuant to a Notice of Termination satisfying the requirements of Section 4(I) hereof; iii. a breach by Employer of this Agreement, and a subsequent election by Executive to terminate this Agreement pursuant to Section 4(E) above; iv. the performance of any other act by Employer which is designed to prevent and does prevent Executive from properly performing the authorities, duties and responsibilities of his employment hereunder; or v. Executive voluntarily terminates his employment for “Good Reason.” Good Reason shall mean (a) any material diminution by Executive’s supervisor or the Board of Directors, as the case may be, of Executive’s position, duties, or responsibilities; (b) any reduction in Executive’s salary or Executive’s benefits described in Section 3(D), other than a reduction affecting all executive officers; or (c) the relocation of Employer’s headquarters outside of Palm Beach or Broward County, Florida.