Common use of Resignation for Good Cause Clause in Contracts

Resignation for Good Cause. You may terminate this Agreement for Good Cause (as defined below) by giving the Company at least 30 days advance written notice, with specific details in said notice as to purported Good Cause. The Company reserves the right to either cure the alleged Good Cause or to accelerate the Termination Date. If your employment is terminated for Good Cause, and conditioned upon you timely signing, returning and not revoking a separation and general release agreement in a form satisfactory to the Company and provided you comply with the CIAA and the terms of this Agreement, the Company will provide you with severance as follows: (a) if your employment terminates for Good Reason during the Initial Term, the Company will continue to pay your regular base salary as severance for six months; and (b) at any time thereafter, the Company will continue to pay your regular base salary as severance for three months.

Resignation for Good Cause. You may terminate this Agreement for Good Cause (as defined below) by giving the Company at least 30 days advance written notice, with specific details in said notice as to purported Good Cause. The Company reserves the right to either cure the alleged Good Cause or to accelerate the Termination Date. If your employment is terminated for Good Cause, and conditioned upon you timely signing, returning and not revoking a separation and general release agreement in a form satisfactory to the Company and provided you comply with the CIAA and the terms of this Agreement, the Company will provide you with severance as follows: (a) if your employment terminates for Good Reason during the Initial Term, the Company will continue to pay your regular base salary as severance for a period which is the greater of the balance of the first two years of your employment or six months; and (b) at any time thereafter, the Company will continue to pay your regular base salary as severance for three six months.