Common use of Resignation of Employee for Good Reason Clause in Contracts

Resignation of Employee for Good Reason. Employee will be deemed to have resigned for “Good Reason” if any of the following events or conditions occur without the Employee’s express consent: (a) The Board or Company (i) alters Employee’s duties, responsibilities or title resulting in a significant diminution of the Employee’s position, duties, responsibilities or status with the Company and (ii) contemporaneously reduces Employee’s Base Salary, unless the base salaries of all other employees of the Company at the Vice President level or above are proportionately reduced; or (b) The Board or Company transfers or assigns Employee to any location that is more than fifty (50) miles from the location of Employee’s principal office. Required travel on the Company’s business that is consistent with the business travel obligations of Employee’s position is excluded from this Section.

Resignation of Employee for Good Reason. Employee will be deemed to have resigned for “Good Reason” if any of the following events or conditions occur without the Employee’s express consent: (a) The Board or Company (i) alters Employee’s duties, responsibilities or title resulting in a significant diminution of the Employee’s position, duties, responsibilities or status with the Company and or (ii) contemporaneously reduces Employee’s Base Salary, unless the base salaries of all other employees of the Company at the Vice President level or above are proportionately reduced; or (b) The Board or Company transfers or assigns Employee to any location that is more than fifty (50) miles from the location of Employee’s principal office. Required travel on the Company’s business that is consistent with the business travel obligations of Employee’s position is excluded from this Section.

Resignation of Employee for Good Reason. Employee will be deemed to have resigned for “Good Reason” "GOOD REASON" if any of the following events or conditions occur without the Employee’s 's express consent: (a) The Board or Company (i) alters Employee’s 's duties, responsibilities or title resulting in a significant diminution of the Employee’s 's position, duties, responsibilities or status with the Company and or (ii) contemporaneously reduces Employee’s 's Base Salary, unless the base salaries of all other employees of the Company at the Vice President level or above are proportionately reduced; or (b) The Board or Company transfers or assigns Employee to any location that is more than fifty (50) miles from the location of Employee’s 's principal office. Required travel on the Company’s 's business that is consistent with the business travel obligations of Employee’s 's position is excluded from this Section.