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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.)

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 shall be obligated to pay to the Employee the amounts and benefits described in Appendix D hereto in lieu of all others provided by this Agreement. As used herein, the term "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" means:

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. (a) The Employee may terminate this Agreement and/or the Employee’s employment with the Company hereunder at any time for Good Reason” following a written notice of the termination of employment hereunder pursuant to this Section 8.5(a), as defined more fully described 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. (b) and (c). For purposes of this Agreement, “Good Reason” shall mean:

Appears in 3 contracts

Samples: Employment Agreement (Exe Technologies Inc), Employment Agreement (Exe Technologies Inc), Employment Agreement (Exe Technologies 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 termination by the Employee may terminate this Agreement and/or the Employee’s of 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 from the obligation to render services as provided in Section 2 hereof. As used herein, the terms "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 1 contract

Samples: Employment Agreement (Universal Seismic Associates Inc)