Common use of Resignation by Executive for Good Reason Clause in Contracts

Resignation by Executive for Good Reason. If an event of Good Reason occurs during the Term, the Executive may, at any time within the ninety (90) day period following such event, provide the Company with a notice of termination specifying the event of Good Reason and notifying the Company of his intention to Terminate Employment upon the Employing Company’s failure to correct the event of Good Reason within thirty (30) days following receipt of the Executive’s notice of termination. If the Employing Company fails to correct the event of Good Reason and provide the Executive with notice of such correction within such thirty (30) day period, the Executive’s Employment shall Terminate as of the end of such period, and the Executive shall be entitled to benefits as provided in Sections 3 and 4.

Appears in 1 contract

Samples: Merger Agreement (Old National Bancorp /In/)

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Resignation by Executive for Good Reason. If an event of Good Reason occurs during the Term, the Executive may, at any time within the ninety (90) day period following such event, provide the Company with a written notice of termination specifying the event of Good Reason and notifying the Company of his intention to Terminate terminate his Employment upon the Employing Company’s failure to correct the event of Good Reason within thirty (30) days following receipt of the Executive’s notice of termination. If the Employing Company fails to correct the event of Good Reason and provide the Executive with notice of such correction within such thirty (30) day period, the Executive’s Employment shall Terminate terminate as of the end of such period, and the Executive shall be entitled to benefits as provided in Sections 3 Section 5 and 4Section 6 or 7, as applicable.

Appears in 1 contract

Samples: Employment Agreement (New York Community Bancorp Inc)

Resignation by Executive for Good Reason. If an event (a) Provided Executive has not previously been notified of the Company’s intention to terminate Executive’s employment, Executive may resign from employment with the Company for Good Reason occurs during (as defined in Section 6.4(b) below) within ten (10) days after the Termoccurrence of one of the events specified in Section 6.4(b) below, the by giving notice as described in Section 6.8 of this Agreement that Executive may, at any time within the ninety (90) day period following such event, provide the Company with a notice of termination specifying the event of intends to terminate his employment for Good Reason and notifying on the Company of his intention to Terminate Employment upon the Employing Company’s failure to correct the event of Good Reason within thirty thirtieth (30) days day following the Company’s receipt of the Executive’s notice of termination. If notice, if the Employing Company fails to correct has not cured the event of that gives rise to Good Reason and provide before the Executive with notice end of such correction within such thirty (30) day period, the Executive’s Employment shall Terminate as of the end of such period, and the Executive shall be entitled to benefits as provided in Sections 3 and 4.

Appears in 1 contract

Samples: Executive Employment Agreement (Cara Therapeutics, Inc.)

Resignation by Executive for Good Reason. If an event of Good Reason occurs during the Term, the Executive may, at any time within the ninety (90) day period following such event, provide the Company with a notice of termination specifying the event of Good Reason and notifying the Company of his his/her intention to Terminate Employment terminate his/her employment upon the Employing Company’s 's failure to correct the event of Good Reason within thirty (30) days following receipt of the Executive’s 's notice of termination. If the Employing Company fails to correct the event of Good Reason and provide the Executive with notice of such correction within such thirty (30) day period, the Executive’s Employment 's employment shall Terminate terminate as of the end of such period, and the Executive shall be entitled to benefits as provided in Sections 3 Section 6 and 4Section 7 or 8, as applicable.

Appears in 1 contract

Samples: Employment Agreement (Old National Bancorp /In/)

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Resignation by Executive for Good Reason. If an event of Good Reason occurs during the Term, the Executive may, at any time within the ninety (90) day period following such event, provide the Company with a notice of termination specifying the event of Good Reason and notifying the Company of his intention to Terminate Employment upon the Employing Company’s failure to correct the event of Good Reason within thirty (30) days following receipt of the Executive’s 's notice of termination. If the Employing Company fails to correct the event of Good Reason and provide the Executive with notice of such correction within such thirty (30) day period, the Executive’s 's Employment shall Terminate as of the end of such period, and the Executive shall be entitled to benefits as provided in Sections 3 and 4.

Appears in 1 contract

Samples: Merger Agreement (Indiana Community Bancorp)

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