Termination by Executive for Material Breach. The Executive shall have the right, exercisable by notice to the Company, to terminate his employment effective ninety (90) days after the giving of such notice, if, at any time during the Term of Employment, the Company shall be in material breach of its obligations hereunder; provided, however, that such notice must be provided to the Company within thirty (30) days of the date on which the Executive obtains knowledge or reasonably should obtain knowledge of such material breach; and provided further, that such termination will not become effective if within thirty (30) days after receiving the notice the Company shall have cured all such material breaches of its obligations hereunder. For purposes of this Section 6(f), a material breach shall only be, (i) a material reduction in the Executive’s authority, functions, duties or responsibilities provided in Section 2 hereof, or (ii) the Company’s failure to pay any award that the Executive is entitled to receive pursuant to the terms of this Agreement. Such termination shall be deemed to be a termination without Cause and shall be controlled by the provisions of Section 6(c) hereof. Any amounts payable under this Section 6(f) that are not otherwise exempt from Code section 409A are subject to, and payable in accordance with, Section 6(l) of this Agreement. Except as otherwise provided in this Section 6(f), the Company will have no further obligations under Sections 3, 4 and 5 hereof or otherwise.
Termination by Executive for Material Breach. The Executive shall have the right, exercisable by notice to the Company, to terminate his employment effective thirty (30) days after the giving of such notice, if, at any time during the Term of Employment, the Company shall be in material breach of its obligations hereunder; provided, however, that such notice must be provided to the Company within thirty (30) days of the occurrence of such material breach; and provided further, that such termination will not become effective if within such thirty (30) day period the Company shall have cured all such material breaches of its obligations hereunder. For purposes of this Section 5(f), a material breach shall include, but not be limited to, a material reduction in the Executive's authority, functions, duties or responsibilities provided in Section 2 hereof or the Company's failure to cause the Executive to serve in the position set forth in Section 1 hereof for any time period in which he is entitled to so serve. Such termination shall be deemed to be a termination without cause and shall be controlled by the provisions of Section 5(c) hereof.
Termination by Executive for Material Breach. Paragraph 6(f) of the Agreement shall be amended to provide that the second sentence reads as follows: “For purposes of this Section 6(f), a material breach shall only be, (i) a material reduction in the Executive’s authority, functions, duties or responsibilities provided in Section 2 hereof, (ii) a material reduction in the Executive’s total aggregate annual target compensation effective July 1, 2012, as set pursuant to Sections 3 (a) and (b) and Section 4(c) hereof, but in no event if the reduction is occasioned as result of similar reductions to executive officers and/or employees generally or (iii) the Company's failure to pay any award that the Executive is entitled to receive pursuant to the terms of this Agreement.”
Termination by Executive for Material Breach. The --------------------------------------------- Executive shall have the right, exercisable by notice to the Company, to terminate his employment effective thirty (30) days after the giving of such notice, if, at any time during the Term of Employment, the Company shall be in material breach of its obligations hereunder; provided, however, that such -------- ------- notice must be provided to the Company within thirty (30) days of the date on which the Executive obtains knowledge of such material breach; and provided -------- further, that such termination will not become effective if within the thirty- ------- day (30) notice period the Company shall have cured all such material breaches of its obligations hereunder. For purposes of this Section 6(f), a material breach shall include, but not be limited to, a material reduction in the Executive's authority, functions, duties or responsibilities provided in Section 2 hereof or the Company's failure to cause the Executive to serve in all the positions set forth in Section 1 hereof for any time period in which he is entitled to so serve. Such termination shall be deemed to be a termination without cause and shall be controlled by the provisions of Section 6(c) hereof.
Termination by Executive for Material Breach. The Executive may elect to terminate his employment after a "material breach" (as defined below) of this Agreement by the Company effective thirty (30) days after the Executive gives the Company notice of such material breach; provided, however, that such notice must be provided to the Company within five (5) days of the occurrence of such material breach; and provided, further, that such termination will not become effective if within such thirty (30) day period the Company shall have cured all such material breaches of its obligations hereunder. For purposes of this Section 5(e), a material breach shall include, but not be limited to, (i) a material reduction in the Executive's authority, functions, duties or responsibilities provided in Section 2 hereof, or (ii) the Company's failure to cause the Executive to serve in the position set forth in Section 1 hereof for any time period in which he is entitled to so serve.
Termination by Executive for Material Breach. The Executive shall have the right, exercisable by notice to the Company, to terminate their employment effective ninety (90) days after the giving of such notice, if, at any time during the Term of Employment, the Company shall be in material breach of its obligations hereunder; provided, however, that such notice must be provided to the Company within thirty (30) days of the date on which the Executive obtains knowledge or reasonably should obtain knowledge of such material breach; and provided further, that such termination
