Common use of Termination by Consultant for Good Reason Clause in Contracts

Termination by Consultant for Good Reason. Consultant may terminate his engagement with Flora Growth at any time for Good Reason, upon sixty (60) days’ written notice by Consultant to Flora Growth. Consultant may not terminate this Agreement for Good Reason hereunder unless and until he has provided Flora Growth with written notice of the action which Consultant contends to be Good Reason (which notice must specify that such action constitutes the basis for a “Good Reason” resignation hereunder), such written notice is provided within sixty (60) days after the first occurrence of the event which Consultant contends to be Good Reason and Flora Growth has failed to reasonably remedy such action within thirty (30) days after receiving such written notice. For purposes of this Agreement, “Good Reason” for termination shall mean any of the following: (i) a material diminution in Consultant’s duties or responsibilities; (ii) a material reduction in Consultant’s Base Fee; or (iii) a material breach of this Agreement by Flora Growth. As used herein, “a material diminution in Consultant’s duties or responsibilities” shall mean the assignment to Consultant on a sustained basis of substantial duties and responsibilities that are materially inconsistent with, and materially below those reasonably expected to be performed by a person in, Consultant’s position with Flora Growth. For the avoidance of doubt, the removal of Consultant from any position with a Flora Affiliate shall not constitute Good Reason.

Termination by Consultant for Good Reason. Consultant may terminate his engagement with Flora Growth at any time for Good Reason, upon sixty (60) days’ ' written notice by Consultant to Flora Growth. Consultant may not terminate this Agreement for Good Reason hereunder unless and until he has provided Flora Growth with written notice of the action which Consultant contends to be Good Reason (which notice must specify that such action constitutes the basis for a “"Good Reason” " resignation hereunder), such written notice is provided within sixty (60) days after the first occurrence of the event which Consultant contends to be Good Reason and Flora Growth has failed to reasonably remedy such action within thirty (30) days after receiving such written notice. For purposes of this Agreement, “"Good Reason” " for termination shall mean any of the following: (i) a material diminution in of the scope of the Consultant’s duties or responsibilities's services; (ii) a material reduction in Consultant’s 's Base FeeFee (except where such reduction applies to all senior consultants and/or senior members of management of Flora Growth); or (iii) a material breach of this Agreement by Flora Growth. As used herein, “"a material diminution in Consultant’s duties 's services or responsibilities” " shall mean the assignment to Consultant on a sustained basis of substantial duties services and responsibilities that are materially inconsistent with, and materially below those reasonably expected to be performed by a person in, Consultant’s 's position with Flora Growth. For the avoidance of doubt, the removal of Consultant from any position with a Flora Affiliate shall not constitute Good Reason.

Termination by Consultant for Good Reason. Consultant may terminate his engagement with Flora Growth Management at any time for Good Reason, upon sixty (60) days’ written notice by Consultant to Flora GrowthManagement. Consultant may not terminate this the Agreement for Good Reason hereunder unless and until he has provided Flora Growth Management with written notice of the action which Consultant contends to be Good Reason (which notice must specify that such action constitutes the basis for a “Good Reason” resignation hereunder), such written notice is provided within sixty (60) days after the first occurrence of the event which Consultant contends to be Good Reason and Flora Growth Management has failed to reasonably remedy such action within thirty (30) days after receiving such written notice. For purposes of this the Agreement, “Good Reason” for termination shall mean any of the following: (i) a material diminution in Consultant’s duties or responsibilities; (ii) a material reduction in Consultant’s Base FeeSalary; or (iii) a material breach of this the Agreement by Flora GrowthManagement. As used herein, “a material diminution in Consultant’s duties or responsibilities” shall mean the assignment to Consultant on a sustained basis of substantial duties and responsibilities that are materially inconsistent with, and materially below those reasonably expected to be performed by a person in, Consultant’s position with Flora GrowthManagement. For the avoidance of doubt, the removal of Consultant from any position with a Flora Affiliate shall not constitute Good Reason.