Termination by Executive for Good Reasons Sample Clauses

Termination by Executive for Good Reasons. Executive may terminate the Term and Executive’s employment hereunder for “Good Reason” (as defined below), after providing thirty (30) days written notice to Company, which identifies the Good Reason for Executive’s termination. Upon termination of the Term and Executive’s employment hereunder by Executive for Good Reason, Company shall pay Executive:
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Termination by Executive for Good Reasons. The Executive shall be entitled to terminate his employment hereunder for good reasons. Any termination of employment hereunder under any of the following circumstances shall be for good reason, the occurrence of any of which shall be deemed a breach of this Agreement by the Bank:
Sample 1
Termination by Executive for Good Reasons. The Executive shall be entitled to terminate his employment hereunder for “good reason” (as defined herein) within 90 days of the occurrence of such good reason event upon giving the Board of Directors of the Bank not less than 30 days prior written notice to the Employer specifying the good reason. Any termination of employment hereunder under any of the following circumstances shall be for “good reason,” the occurrence of any of which shall be deemed a breach of this Agreement by the Bank:
Sample 1
Termination by Executive for Good Reasons. The Executive shall be entitled to terminate his employment hereunder for "good reason" (as defined herein) within 90 days of the initial occurrence of such good reason event upon giving the Board of Directors of the Bank not less than 30 days prior written notice to the Employer specifying the good reason. Any termination of employment hereunder under any of the following circumstances shall be for "good reason," the occurrence of any of which shall be deemed a breach of this Agreement by the Bank: If, without Executive's express written consent, the Bank materially breaches any of their respective obligations under this Agreement. Without limitation, such a material breach shall be deemed to occur upon the occurrence any of the following:
Sample 1
Termination by Executive for Good Reasons. The Agreement shall terminate following a thirty-day Executive’s notice of intention to terminate for Good reasons, delivered to the Employer’s Board of Directors, if the reasons of such termination are not cured by the Employer. If the Agreement is terminated by the Executive for Good reasons, Employer must pay Executive’s Base salary though the date of termination, and provide severance benefits in accordance with Section 2 (g) of the Agreement, unless termination is for cause as defined in accordance with this Agreement. Executive’s right to terminate employment for Good reasons shall be subject to the following conditions: (i) any amounts payable upon a Good reasons termination shall be paid only if Executive actually terminates employment within one year following the initial existence of the Good reason event, and (ii) Executive must provide written notice to the Employer of the Good reason event within ninety (90) days of the initial existence of the event and the Employer must be given at least thirty (30) days to remedy such situation.
Sample 1
Termination by Executive for Good Reasons. The Agreement shall terminate following a thirty-day Executive’s notice of intention to terminate for Good reasons, delivered to the Employer’s Board of Directors, if the reasons of such termination are not cured by the Employer. If the Agreement is terminated by the Executive for Good reasons, Employer must pay Executive’s Base salary though the date of termination, and severance benefits in accordance with Section 2 (g) of the Agreement, and incentive compensation and bonus, if any, for the Employer’s fiscal year during which such termination occurs, prorated to the month during which termination occurs unless termination is for cause as defined in accordance with this Agreement. Executive’s right to terminate employment for Good reason shall be subject to the following conditions: (i) any amounts payable upon a Good reason termination shall be paid only if Executive actually terminates employment within one year following the initial existence of the Good reason event, and (ii) Executive must provide written notice to the Employer of the Good reason event within ninety (90) days of the initial existence of the event and the Employer must be given at least thirty (30) days to remedy such situation.
Sample 1

Related to Termination by Executive for Good Reasons

  • Termination by Executive for Good Reason The Executive may terminate employment for Good Reason. For purposes of this Agreement, “Good Reason” shall mean:

  • Resignation by Executive for Good Reason (a) Provided Executive has not previously been notified of the Company’s intention to terminate Executive’s employment, Executive may resign from employment with the Company for Good Reason (as defined in Section 6.4(b) below).

  • Termination by Executive with Good Reason Executive may terminate Executive’s employment with Good Reason by providing the Company fifteen (15) days’ written notice setting forth in reasonable specificity the event that constitutes Good Reason, which written notice, to be effective, must be provided to the Company within sixty (60) days of the occurrence of such event. During such fifteen (15) day notice period, the Company shall have a cure right (if curable), and if not cured within such period, Executive’s termination will be effective upon the date immediately following the expiration of the fifteen (15) day notice period, and Executive shall be entitled to the same payments and benefits as provided in Section 8(d) above for a termination without Cause, it being agreed that Executive’s right to any such payments and benefits shall be subject to the same terms and conditions as described in Section 8(d) above. Following termination of Executive’s employment by Executive with Good Reason, except as set forth in this Section 8(e), Executive shall have no further rights to any compensation or any other benefits under this Agreement.

  • Termination by Executive Without Good Reason Executive may terminate his employment upon 30 days’ written notice to the Company. In the event Executive terminates his employment in this manner, he shall remain in the Company’s employ subject to all terms and conditions of this Agreement for the entire 30-day period unless instructed otherwise by the Company in writing.

  • Termination by Employer Without Cause or by Executive for Good Reason If Employer terminates Executive’s employment without Cause, or if Executive terminates his employment for Good Reason, Employer shall pay Executive in a lump sum: (i) all Base Salary earned and all reimbursable expenses incurred under this Agreement through such termination date; and (ii) an amount equal to one (1) times Executive’s highest Base Salary over the prior three (3) years. The amount described in 5.b.(i) herein shall be paid no later than forty-five (45) days after the day on which employment is terminated. The amount described in 5.b.(ii) herein shall be paid on the first day of the month following a period of six (6) months after the termination of employment, provided that the payment may be made sooner if either (i) the amount does not exceed the IRC Safe Harbor or (ii) at the Executive’s election, the amount described in Section 5.a.(ii) is reduced to fit within the IRC Safe Harbor. No payment will be made pursuant to Section 5.a.(ii) unless the Executive has signed a Release Agreement which has become irrevocable prior to the payment date.

  • Termination by Employee for Good Reason Employee may terminate his employment hereunder for "Good Reason." As used herein, "Good Reason" shall mean the continuance of any of the following after ten (10) days' prior written notice by Employee to the Company, specifying the basis for such Employee's having Good Reason to terminate this Agreement:

  • Termination by Executive other than for Good Reason Executive’s employment may be terminated by Executive without further liability on the part of Executive (other than with respect to those provisions of this Agreement expressly surviving such termination) by written notice to the Board of Directors at least sixty (60) days prior to such termination; provided, however, the Company may waive the notice period and accelerate the termination date without converting the Termination by Executive into a Termination by the Company.

  • Voluntary Termination by Executive The Executive may voluntarily terminate his employment for any reason and such termination shall take effect 30 days after the receipt by Company of the Notice of Termination. Upon the effective date of such termination, Executive shall be entitled to (a) accrued and unpaid Salary and vacation through such termination date; and (b) all other compensation and benefits that were vested through such termination date. In the event Executive is terminated without notice, it shall be deemed a termination by the Company for Cause.

  • Termination by Company without Cause or by Executive for Good Reason If Executive's employment is terminated by the Company without Cause or by Executive for Good Reason:

  • By Executive for Good Reason The Executive, by written notice to the Company, may terminate Executive’s employment hereunder if a “Good Reason” exists. For purposes of this Agreement, “Good Reason” shall mean the occurrence of any of the following circumstances without the Executive’s prior written consent: (a) a substantial and material adverse change in the nature of Executive’s title, duties and/or responsibilities with the Company that represents a demotion from his title, duties or responsibilities as in effect immediately prior to such change (such change, a “Demotion”); (b) material breach of this Agreement by the Company; (c) a failure by the Company to make any payment to Executive when due, unless the payment is not material and is being contested by the Company, in good faith; or (d) a liquidation, bankruptcy or receivership of the Company. Notwithstanding the foregoing, no “Good Reason” shall be deemed to exist with respect to the Company’s acts described in clauses (a), (b) or (c) above, unless Executive shall have given written notice to the Company within a period not to exceed ten (10) calendar days of the Executive’s knowledge of the initial existence of the occurrence, specifying the “Good Reason” with reasonable particularity and, within thirty (30) calendar days after such notice, the Company shall not have cured or eliminated the problem or thing giving rise to such “Good Reason”; provided, however, that no more than two cure periods shall be provided during any twelve-month period of a breach of clauses (a), (b) or (c) above. Upon such termination, the Company shall pay to Executive the amount set forth in Section 4.6(c).

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