Common use of Requirements for Termination Clause in Contracts

Requirements for Termination. (i) Executive may not terminate the Term and Executive’s employment for Good Reason pursuant to Section 7(b)(i), Section 7(b)(ii), Section 7(b)(iii) or Section 7(b)(iv), unless (x) the Executive, within thirty (30) days following the occurrence of the such condition giving rise to Good Reason, notifies the Company in writing of his intent to terminate with Good Reason; (y) the Company fails to cure such condition within thirty (30) days after being so notified; and (z) the Executive actually terminates no later than thirty (30) days after the end of such thirty (30)-day cure period.

Requirements for Termination. (i) Executive may not terminate the Term and Executive’s employment for Good Reason pursuant to Section 7(b)(i), Section 7(b)(ii), Section 7(b)(iii) or Section 7(b)(iv), unless (x) the Executive, within thirty (30) days following the occurrence of the such condition giving rise to Good Reason, notifies the Company in writing of his her intent to terminate with Good Reason; (y) the Company fails to cure such condition within thirty (30) days after being so notified; and (z) the Executive actually terminates no later than thirty (30) days after the end of such thirty (30)-day cure period.