Resignation With Cause. Executive shall have the right to resign his employment with Employer at any time hereunder, providing notice as required by the Employer's employment related policies then in effect. In the event such a resignation is for "good cause" (as defined below), such resignation shall be deemed a termination without "cause" under paragraph (b) hereof, and Executive shall, solely in the event the Executive delivers a written resignation for ”good cause" to the Employer within 15 days of the occurrence of either of the events described in subparagraphs (i) and (ii) of this paragraph (c), be entitled to receive all such amounts and benefits as are provided for under such paragraph (b) above.
(i) A material reduction in Executive's duties, responsibilities, title or employment status from its level as of the date hereof; or
(ii) Any reduction in Executive's Base Salary.
Resignation With Cause. If Employee resigns his/her employment because (a) his/her position or duties are modified by the Company to such an extent that his/her duties are substantially no longer consistent with the position for which he/she was employed pursuant to this Agreement, or (b) there has been a material breach by the Company of a material term of this Agreement which continues uncured following fourteen (14) days after written notice by Employee to the Company of such breach, then Employee will be entitled to the severance benefits set forth in subsection 4.2, consistent with the terms of said provision.
Resignation With Cause. Upon the effective date of written notice sent to the Company stating Executive’s determination of “Constructive Termination” (hereinafter defined) by the Company; provided, however, if the Constructive Termination is curable, then the Company shall have thirty (30) days after Executive’s written notice to cure such condition and if the Company fails to cure such condition to the reasonable satisfaction of Executive, then Executive may immediately terminate his/her employment with the Company, such termination to be conclusively deemed to be a resignation with cause. For purposes of this Agreement, “Constructive Termination” shall mean:
Resignation With Cause. Upon the effective date of written notice sent to eRCG stating Executive's determination of "Constructive Termination" (hereinafter defined) by eRCG; provided, however, if the Constructive Termination is curable, then eRCG shall have thirty (30) days after Executive's written notice to cure such condition and if eRCG fails to cure such condition to the reasonable satisfaction of Executive, then Executive may immediately terminate his employment with eRCG, such termination to be conclusively deemed to be a resignation with cause. For purposes of this Agreement, "Constructive Termination" shall mean:
Resignation With Cause. In the event of a Resignation with Cause, Employee will be entitled to receive payment, within thirty (30) days of the date of termination, of severance benefits equal to a lump sum payment equivalent to 12 months Base Compensation less appropriate required deductions. Bonus payments, if any, will be made pursuant to the terms of the applicable bonus plan. Health and life insurance benefits with the same coverage provided prior to termination of employment and in all other respects significantly comparable to those in place immediately prior to such termination will be provided at the Company’s cost over the 12 month period immediately following the termination (the “Severance Period”).
Resignation With Cause. In the event that the Company completes a merger or acquisition and can not offer the Employee comparable employment going forward, or the Employee feels unable to fulfill his duties going forward, or in the event that a majority of the members of the Board of Directors resign or are replaced and the newly constituted Board appoints a new Chief Executive Officer, then the Employee shall have the right to resign his position with the Company and receive a termination payment, this right will apply from the date of such event until 90 days thereafter only. The termination payment will be the sum of the relevant notice payment as detailed in section 2 above, plus a severance payment equal to one half of the total earnings (base salary plus bonus) paid by the Company to the Employee during the preceding 12 months. AS WITNESS the hands of the parties hereto the day and year first above written. In accordance with Employment Protection (Consolidation) act 1978, the following terms of the Employee’s employment apply on the date of this Agreement:
(a) Job Title – see Clause 1.
(b) Date of Commencement of Employment – see Clause 2.
(c) Date of commencement of continuous period of employment for purpose of Clause 2. As in (b) above
(d) Remuneration – see Clause 4
(e) Hours of Work – there are no fixed hours of work – see Clause 3.
(f) Holidays – see Clause 8
(g) Discipline and grievance procedure – see Clause 16. There are no specific disciplinary rules applicable to the Employee. If the Employee is dissatisfied with any disciplinary decision he should seek satisfaction in accordance with the grievance procedure laid down in Clause 16.
Resignation With Cause. For the purposes of this Agreement, the Employee shall have resigned with cause if prior to his resignation a Change in Control of the Company has occurred and, within twelve months thereof:
(a) The Company shall have removed the Employee from the office of Vice President of the Company or shall have altered his authority and responsibilities so as to be less significant than, not consistent with or not comparable to that which he held in his capacity as Vice President or shall otherwise limit or restrict his authority and responsibilities;
(b) The Company shall have relocated its principal offices outside the Dallas, Texas, metropolitan area, or any requirement by the Company for the
(c) The Company shall have reduced the Employee's annual base salary as in effect from time to time;
(d) The Company shall have failed to continue in effect any compensation arrangement in which the Employee participates, including but not limited to those described in this Agreement, unless an equitable arrangement has been made with respect to such plan or arrangement in connection with the Change in Control;
(e) The Company shall have failed to provide the Employee with all personnel benefits which are otherwise generally provided to executive officers of the Company or reasonably necessary or appropriate for the performance by the Employee of his duties as Vice President of the Company; or
(f) The Company shall have failed to obtain a satisfactory agreement from any successor to assume and perform this Agreement as contemplated by Section 16(c) hereof. Any resignation by the Employee that is not "with cause" as defined in this Section 13 shall be deemed to be resignation "without cause."
Resignation With Cause. Upon the effective date of written notice sent to LST stating Executive's determination of "Constructive Termination" (hereinafter defined) by LST; provided, however, if the Constructive Termination is curable, then LST shall have thirty (30) days after Executive's written notice to cure such condition and if LST fails to cure such condition to the reasonable satisfaction of Executive, then Executive may immediately terminate his employment with LST, such termination to be conclusively deemed to be a resignation with cause. For purposes of this Agreement, "Constructive Termination" shall mean:
Resignation With Cause. Employee may terminate her employment for “good reason” by virtue of a material breach of this Agreement by the Company after giving the Company written notice of such breach and affording the Company the opportunity to cure such breach within sixty (60) days following the Company’s receipt of written notice. The company may at its discretion, during the 60 day period, review the Reasons for Termination and may reverse the conduct which gave rise to Good Reason, thereby reversing the Resignation with Cause. For purposes of this agreement, “Good Reason” will also include any change in the title or a material reduction in the authority, responsibilities, reporting line or compensation of the Employee, a relocation of Employee’s principal office such that her commuting distance increases by more than 25 miles one way, or, a failure of the board of directors or the company’s CEO to comply with the Company’s Corporate Governance policies and/or comply with applicable federal and state law. To be effective as Resignation with Cause, the employee’s resignation must be tendered within thirty days of the expiration of that 60 day period. A resignation of employment for any other reason or under any other circumstances shall be a “Resignation Without Good Reason.”
Resignation With Cause. Executive shall have the right to resign his employment with Employer at any time hereunder, providing notice as require by the Employer’s employment related policies then in effect. In the event such a resignation is for “good cause” (as defined below), such resignation shall deemed a termination without cause under subparagraph (b) hereof, and Executive shall be entitle to receive all such benefits as are provided for under such subparagraph (b) hereof.
