Common use of Termination by Executive with Good Reason Clause in Contracts

Termination by Executive with Good Reason. Upon written notice to ARC of any of the following “Good Reasons,” and the failure of ARC to correct the reduction, change or breach within thirty (30) days after receipt of such notice, Executive may terminate this Agreement after the occurrence of: (i) a material change by ARC in the nature of Executive’s title, duties, authorities and responsibilities set forth in this Agreement without Executive’s express written consent; or (ii) a reduction in the nature of Executive’s compensation as established under this Agreement, without Executive’s express written consent; or (iii) a change in the officers (other than a change in the persons who occupy such positions) to whom Executive reports without Executive’s express consent; or (iv) a material breach by ARC of any material sections of this Agreement, other than as set forth in clauses (i) through (iii) of this Section 7(e); or (v) a Change of Control, as defined in Section 7(g), as a result of which Executive is not offered the same or comparable position in the surviving company, or is offered such position but within twelve (12) months after Executive accepts such position, Executive’s employment is terminated either without Cause or for a Good Reason described in subsections (i), (ii), (iii) of this Section 7(e) or in subsection (iv) as to the employment agreement then applicable to Executive.

Termination by Executive with Good Reason. Upon written notice to ARC of any of the following “Good Reasons,” and the failure of ARC to correct the reduction, change or breach within thirty (30) days after receipt of such notice, Executive may terminate this Agreement after the occurrence of: (i) a material change by ARC in the nature of Executive’s title, duties, authorities and responsibilities set forth in this Agreement without Executive’s express written consent; or (ii) a reduction in the nature of Executive’s compensation as established under this Agreement, without Executive’s express written consent; or (iii) a change in the officers (other than a change in the persons who occupy such positions) to whom Executive reports without Executive’s express consent; or (iv) a material breach by ARC of any material sections of this Agreement, other than as set forth in clauses (i) through (iii) of this Section 7(e10(e); or (v) a Change of Control, as defined in Section 7(g10(g), as a result of which Executive is not offered the same or comparable position in the surviving company, or is offered such position but within twelve (12) months after Executive accepts such position, Executive’s employment is terminated either without Cause or for a Good Reason described in subsections (i), (ii), (iii) of this Section 7(e10(e) or in subsection (iv) as to the employment agreement then applicable to Executive.

Termination by Executive with Good Reason. Upon written notice to ARC of any of the following “"Good Reasons,” " and the failure of ARC to correct the reduction, change or breach within thirty (30) 30 days after receipt of such notice, Executive may terminate this Agreement after the occurrence of: (i) a material change by ARC in the nature of Executive’s 's title, duties, authorities and responsibilities set forth in this Agreement without Executive’s 's express written consent; or (ii) a reduction in the nature of Executive’s 's compensation as established under this Agreement, other than as expressly permitted in this Agreement, without Executive’s 's express written consent; or (iii) a change in the officers officer (other than a change in the persons person who occupy occupies such positionsposition) to whom Executive reports without Executive’s 's express consent; or (iv) a material breach by ARC of any material sections of this Agreement, other than as set forth in clauses (i) through (iii) of this Section 7(e11(e); or (v) a Change of Control, as defined in Section 7(g11(g), as a result of which Executive is not offered the same or comparable position in the surviving company, or is offered such position but within twelve (12) months after Executive accepts such position, Executive’s 's employment is terminated either without Cause cause or for a Good Reason described in subsections (i), (ii), (iii) of this Section 7(e11(e) or in subsection (iv) as to the employment agreement then applicable to Executive.

Termination by Executive with Good Reason. Upon written notice to ARC of any of the following “Good Reasons,” and the failure of ARC to correct the reduction, change or breach within thirty (30) days after receipt of such notice, Executive may terminate this Agreement after the occurrence of: (i) a material change by ARC in the nature of Executive’s title, duties, authorities and responsibilities set forth in this Agreement without Executive’s express written consent; or (ii) a reduction in the nature of Executive’s compensation as established under this Agreement, without Executive’s express written consent; or (iii) a change in the officers (other than including a change in the persons who occupy such positions) to whom Executive reports without Executive’s express consent; or (iv) a material breach by ARC of any material sections of this Agreement, other than as set forth in clauses (i) through (iii) of this Section 7(e); or (v) a Change of Control, as defined in Section 7(g), as a result of which Executive is not offered the same or comparable position in the surviving company, or is offered such position but within twelve (12) months after Executive accepts such position, Executive’s employment is terminated either without Cause or for a Good Reason described in subsections (i), (ii), (iii) of this Section 7(e) or in subsection (iv) as to the employment agreement then applicable to Executive.

Termination by Executive with Good Reason. Upon written notice to ARC of any of the following “Good Reasons,” and the failure of ARC to correct the reduction, change or breach within thirty (30) days after receipt of such notice, Executive may terminate this Agreement after the occurrence of: (i) a material change by ARC in the nature of Executive’s title, duties, authorities and responsibilities set forth in this Agreement without Executive’s express written consent; or (ii) a reduction in the nature of Executive’s compensation as established under this Agreement, other than as expressly permitted in this Agreement, without Executive’s express written consent; or (iii) a change in the officers (other than a change in the persons who occupy such positions) to whom Executive reports without Executive’s express consent; or (iv) a material breach by ARC of any material sections of this Agreement, other than as set forth in clauses (i) through (iii) of this Section 7(e10(e); or (v) a Change of Control, as defined in Section 7(g10(g), as a result of which Executive is not offered the same or comparable position in the surviving company, or is offered such position but within twelve (12) months after Executive accepts such position, Executive’s employment is terminated either without Cause or for a Good Reason described in subsections (i), (ii), (iii) of this Section 7(e10(e) or in subsection (iv) as to the employment agreement then applicable to Executive.

Termination by Executive with Good Reason. Upon written notice to ARC of any of the following “Good Reasons,” and the failure of ARC to correct the reduction, change or breach within thirty (30) 30 days after receipt of such notice, Executive may terminate this Agreement after the occurrence of: (i) a material change by ARC in the nature of Executive’s title, duties, authorities and responsibilities set forth in this Agreement without Executive’s express written consent; or (ii) a reduction in the nature of Executive’s compensation as established under this Agreement, without Executive’s express written consent; or (iii) a change in the officers officer (other than a change in the persons person who occupy occupies such positionsposition) to whom Executive reports without Executive’s express consent; or (iv) a material breach by ARC of any material sections of this Agreement, other than as set forth in clauses (i) through (iii) of this Section 7(e11(e); or (v) a Change of Control, as defined in Section 7(g11(g), as a result of which Executive is not offered the same or comparable position in the surviving company, or is offered such position but within twelve (12) months after Executive accepts such position, Executive’s employment is terminated either without Cause cause or for a Good Reason described in subsections (i), (ii), (iii) of this Section 7(e11(e) or in subsection (iv) as to the employment agreement then applicable to Executive.