Common use of Resignation for Cause Clause in Contracts

Resignation for Cause. During the term of this Agreement, the Employee shall be entitled to resign from his employment with Employer, and receive the payments provided for below, in the event that the Employee is not in breach of this Agreement and Employer (i) reassigns the Employee to a position of lesser rank or status than President, or (ii) reduces the Employee's compensation or other benefits below the amounts provided for under Sections 3 and 4 hereof. Upon the occurrence of any of these events, the Employee shall have thirty days to provide Employer notice of his intention to terminate this Agreement. In the event the Employee elects to so terminate this Agreement, such termination shall be treated as a termination without "cause" by Employer under Section 6(c) hereof, and the Employee shall be entitled to receive all payments and other benefits called for under such Section 6(c).

Resignation for Cause. During the term of this Agreement, the Employee shall be entitled to resign from his employment with Employer, and receive the payments provided for below, in the event that the Employee is not in breach of this Agreement and Employer (i) reassigns the Employee to a position of lesser rank or status than PresidentPresident and Chief Executive Officer, (ii) relocates the Employee's principal place of employment by more than thirty miles from its location on the date hereof, or (iiiii) reduces the Employee's compensation or other benefits below the amounts provided for under Sections 3 and 4 hereofbenefits. Upon the occurrence of any of these events, the Employee shall have thirty days to provide Employer notice of his intention to terminate this Agreement. In the event the Employee elects to so terminate this Agreement, such termination shall be treated as a termination without "cause" by Employer under Section 6(c) hereof, and the Employee shall be entitled to receive all payments and other benefits called for under such Section 6(c).

Resignation for Cause. During the term of this Agreement, the Employee shall be entitled to resign from his employment with Employer, and receive the payments provided for below, in the event that the Employee is not in breach of this Agreement and Employer (i) reassigns the Employee to a position of lesser rank or status than PresidentChairman of the Board and Chief Executive Officer, (ii) relocates the Employee's principal place of employment by more than thirty miles from its location on the date hereof, or (iiiii) reduces the Employee's compensation or other benefits below the amounts provided for under Sections 3 and 4 hereofbenefits. Upon the occurrence of any of these events, the Employee shall have thirty days to provide Employer notice of his intention to terminate this Agreement. In the event the Employee elects to so terminate this Agreement, such termination shall be treated as a termination without "cause" Cause by Employer under Section 6(c) hereof, and the Employee shall be entitled to receive all payments and other benefits called for under such Section 6(c).

Resignation for Cause. During the term of this Agreement, the Employee shall be entitled to resign from his her employment with Employer, and receive the payments provided for below, in the event that the Employee is not in material breach of this Agreement and Employer (i) reassigns the Employee to a position of lesser rank or status than Presidentthe Position, or (ii) reduces the Employee's compensation or other benefits below the amounts provided for under Sections 3 and 4 hereof. Upon the occurrence of any of these events, the Employee shall have thirty days to provide Employer notice of his her intention to terminate this Agreement. In the event the Employee elects to so terminate this Agreement, such termination shall be treated as a termination without "cause" by Employer under Section 6(c) hereof, and the Employee shall be entitled to receive all payments and other benefits called for under such Section 6(c).

Resignation for Cause. During the term of this Agreement, the Employee shall be entitled to resign from his her employment with Employer, and receive the payments provided for below, in the event that the Employee is not in material breach of this Agreement and Employer (i) reassigns the Employee to a position of lesser rank or status than Presidentthe Position, or (ii) reduces the Employee's compensation or other benefits below the amounts provided for under Sections 3 and 4 hereof. Upon the occurrence of any of these events, the Employee shall have thirty days to provide Employer notice of his her intention to terminate this Agreement. In the event the Employee elects to so terminate this Agreement, such termination shall be treated as a termination without "cause" by Employer under Section 6(c) hereof, and the Employee shall be entitled to receive all payments and other benefits called for under such Section 6(c).