Common use of Termination by the Company Without Cause or by the Employee for Good Reason Clause in Contracts

Termination by the Company Without Cause or by the Employee for Good Reason. a. The Employee may resign (and thereby terminate his employment under this Agreement) at any time for Good Reason (as defined below), upon not less than thirty (30) days’ prior written notice to the Company specifying in reasonable detail the reason therefor, provided, however, that if the reason for resignation for Good Reason is susceptible of a cure, the Company shall have a period of thirty (30) days after such written notice to effect a cure. For purposes of this Agreement, “

Appears in 4 contracts

Samples: Employment Agreement (Vicor Technologies, Inc.), Employment Agreement (Vicor Technologies, Inc.), Employment Agreement (Vicor Technologies, Inc.)

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Termination by the Company Without Cause or by the Employee for Good Reason. a. The Employee may resign (and thereby terminate his employment under this Agreement) at any time for Good Reason (as defined below), upon not less than thirty (30) days' prior written notice to the Company specifying in reasonable detail the reason therefor, provided, however, that if the reason for resignation for Good Reason is susceptible of a cure, the Company shall have a period of thirty (30) days after such written notice to effect a cure. For purposes of this Agreement, "

Appears in 3 contracts

Samples: Employment Agreement (Vicor Technologies, Inc.), Employment Agreement (Vicor Technologies, Inc.), Employment Agreement (Vicor Technologies, Inc.)

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