Common use of Termination by the Employee for Good Reason Clause in Contracts

Termination by the Employee for Good Reason. The Employee may terminate this Agreement and/or the Employee’s employment with the Company for Good Reason, as defined below. If the Employee terminates this Agreement for Good Reason, then the Employee shall receive the Accrued Amounts and the Severance Payment as set forth in Section 5.2(a), subject to the requirements of Sections 5.2(b) and (c). For purposes of this Agreement, “Good Reason” shall mean:

Appears in 5 contracts

Samples: Employment Agreement (Electric Last Mile Solutions, Inc.), Employment Agreement (Electric Last Mile Solutions, Inc.), Employment Agreement (Electric Last Mile Solutions, Inc.)

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Termination by the Employee for Good Reason. a. The termination by the Employee may terminate of his employment for "Good Reason" during the term of this Agreement and/or shall be deemed a justifiable termination of his employment and shall excuse him from the Employee’s employment with obligation to render services under or relating to this Agreement. In that event the Company for Good Reason, as defined below. If shall be obligated to pay to the Employee terminates this Agreement for Good Reason, then the Employee shall receive the Accrued Amounts amounts and the Severance Payment as set forth benefits described in Section 5.2(a), subject to the requirements Appendix D hereto in lieu of Sections 5.2(b) and (c). For purposes of all others provided by this Agreement. As used herein, “Good Reason” shall mean:the term "

Appears in 5 contracts

Samples: Employment Agreement (Campo Electronics Appliances & Computers Inc), Employment Agreement (Campo Electronics Appliances & Computers Inc), Employment Agreement (Campo Electronics Appliances & Computers Inc)

Termination by the Employee for Good Reason. The Employee may terminate this Agreement and/or the Employee’s his employment with the Company for Good Reason, as defined below. If the Employee terminates this Agreement for Good Reason, then in which event the Employee shall be entitled to receive (a) his Accrued Compensation, plus (b) the payments, benefits and other consideration specified in Section 5.5 of this Agreement; provided however, that if the Employee’s Termination for Good Reason is also a Qualifying Termination, the Employee shall be entitled to receive the Accrued Amounts payments, benefits and the Severance Payment as other consideration set forth in Section 5.2(a), subject to the requirements 5.8 hereof in lieu of Sections 5.2(b) and (c). For purposes of this Agreement, “Good Reason” shall mean:those set forth in Section 5.5.

Appears in 2 contracts

Samples: Employment Agreement (Websidestory Inc), Employment Agreement (Websidestory Inc)

Termination by the Employee for Good Reason. The termination by the Employee may terminate of this Agreement and/or the Employee’s and his employment with the Company for "Good Reason, as defined below. If " shall be deemed a justifiable termination of his employment and shall excuse the Employee terminates this Agreement for Good Reasonfrom the obligation to render services as provided in Paragraph 2. hereof. Upon such termination, then the Employee shall receive be entitled to Severance Pay in accordance with the Accrued Amounts and provisions of Paragraph 8. hereof. As used herein, the Severance Payment as set forth in Section 5.2(a), subject to the requirements of Sections 5.2(b) and (c). For purposes of this Agreement, “Good Reason” shall mean:phrase "

Appears in 2 contracts

Samples: Employment Agreement (Ogden Corp), Employment Agreement (Ogden Corp)

Termination by the Employee for Good Reason. The Employee may terminate this Agreement and/or the Employee’s his employment with the Company for Good Reason, as defined below. If the Employee terminates under this Agreement for Good Reason, then Reason in which event the Corporation shall still have the same obligations to Employee shall receive the Accrued Amounts and the Severance Payment under this Agreement as set forth provided for in Section 5.2(a), subject to the requirements of Sections 5.2(b) and (c). For purposes of this Agreement, “Good Reason” shall mean:9.4.

Appears in 1 contract

Samples: Employment Agreement (Xoma Corp /De/)

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Termination by the Employee for Good Reason. The Employee may terminate this Agreement and/or the Employee’s employment with the Company for Good Reason, as defined below. (i) If the Employee terminates this Agreement for Good Reason, then the Employee shall receive the Accrued Amounts and the Severance Payment Reason (as set forth defined in Section 5.2(a7.f(ii)), subject to the requirements of Sections 5.2(b) and (c). For purposes of this Agreement, “Good Reason” shall meanCompany shall:

Appears in 1 contract

Samples: Employment Agreement (Foster L B Co)

Termination by the Employee for Good Reason. The Employee may terminate this Agreement and/or (i) In the Employee’s employment with the Company for Good Reason, as defined below. If event the Employee terminates terminate this Agreement for Good Reason, then the Employee shall receive the Accrued Amounts and the Severance Payment Reason (as set forth defined in Section 5.2(af.ii), subject to the requirements of Sections 5.2(b) and (c). For purposes of this Agreement, “Good Reason” shall meanCompany shall:

Appears in 1 contract

Samples: Employment Agreement (Petroleum Development Corp)

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