Common use of Reason Clause in Contracts

Reason. Following a Change in Control of the Company, you may terminate your employment at any time for Reason, in which event you shall be entitled to receive severance benefits under this Agreement. For the purposes of this Agreement, you shall have “Reason” to terminate your employment hereunder if there is either a change in your present responsibilities or there is a decrease in the level of your compensation or other economic loss.

Appears in 5 contracts

Samples: Severance Benefits Agreement (J. Alexander's Holdings, Inc.), Severance Benefits Agreement (J. Alexander's Holdings, Inc.), Severance Benefits Agreement (J. Alexander's Holdings, Inc.)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.