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

Resignation by You for Good Reason. You may terminate your employment hereunder for Good Reason by (i) providing notice to the Company specifying in reasonable detail the condition giving rise to the Good Reason no later than the 30th day following the occurrence of that condition; (ii) providing the Company a period of 30 days to remedy the condition and so specifying in the notice; and (iii) terminating your employment within 30 days following the expiration of the period to remedy if the Company fails to remedy the condition. The following, if occurring without your consent, shall constitute “Good Reason” for termination of your employment by you: (i) material diminution in the nature or scope of the Executive’s duties, authority and/or responsibilities that, taken as a whole, effectively constitutes a demotion; provided, however, that the Company’s failure to continue the Executive’s appointment or election as a director or officer of any of its Affiliates shall not constitute Good Reason; or (ii) a material reduction in Base Salary.

Appears in 2 contracts

Samples: Employment Agreement (Planet Fitness, Inc.), Employment Agreement (Planet Fitness, Inc.)

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Resignation by You for Good Reason. You may terminate your employment hereunder for Good Reason by (i) providing notice to the Company specifying in reasonable detail the condition giving rise to the Good Reason no later than the 30th thirtieth (30th) day following the occurrence of that condition; (ii) providing the Company a period of 30 thirty (30) days to remedy the condition and so specifying in the notice; and (iii) terminating your employment within 30 thirty (30) days following the expiration of the period to remedy if the Company fails to remedy the condition. The following, if occurring without your consent, shall constitute “Good Reason” for termination of your employment by you: : (iA) material diminution in the nature or scope of the Executive’s your duties, authority and/or responsibilities as Chief Financial Officer that, taken as a whole, effectively constitutes a demotion; provided, however, that the Company’s failure to continue the Executive’s your appointment or election as a director or officer of any of its Affiliates shall not constitute Good Reason; or Reason or (iiB) a material reduction in Base Salary.

Appears in 2 contracts

Samples: Employment Agreement (Planet Fitness, Inc.), Employment Agreement (Planet Fitness, Inc.)

Resignation by You for Good Reason. You may terminate your employment hereunder for Good Reason by (i) providing notice to the Company specifying in reasonable detail the condition giving rise to the Good Reason no later than the 30th thirtieth (30th) day following the occurrence of that condition; (ii) providing the Company a period of 30 thirty (30) days to remedy the condition and so specifying in the notice; and (iii) terminating your employment within 30 thirty (30) days following the expiration of the period to remedy if the Company fails to remedy the condition. The following, if occurring without your consent, shall constitute “Good Reason” for termination of your employment by you: : (iA) material diminution in the nature or scope of the Executive’s your duties, authority and/or responsibilities as Chief Financial Officer that, taken as a whole, effectively constitutes a demotion; provided, however, that the Company’s failure to continue the Executive’s your appointment or election as a director or officer of any of its Affiliates shall not constitute Good Reason; or Reason or (iiB) a material reduction in Base Salary.

Appears in 1 contract

Samples: Employment Agreement (Planet Fitness, Inc.)

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Resignation by You for Good Reason. You may terminate your employment hereunder for Good Reason by (i) providing notice to the Company specifying in reasonable detail the condition giving rise to the Good Reason no later than the 30th thirtieth (30th) day following the occurrence of that condition; (ii) providing the Company a period of 30 thirty (30) days to remedy the condition and so specifying in the notice; and (iii) terminating your employment within 30 thirty (30) days following the expiration of the period to remedy if the Company fails to remedy the condition. The following, if occurring without your consent, shall constitute “Good Reason” for termination of your employment by you: : (iA) material diminution in the nature or Xxxxxxx Xxxxx July 2, 2015 scope of the Executive’s your duties, authority and/or responsibilities that, taken as a whole, effectively constitutes a demotion; provided, however, that the Company’s failure to continue the Executive’s your appointment or election as a director or officer of any of its Affiliates shall not constitute Good Reason; or Reason or (iiB) a material reduction in Base Salary.

Appears in 1 contract

Samples: Employment Agreement (Planet Fitness, Inc.)

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