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

Termination by the Employee for Good Reason. a. The termination by the Employee of his employment for "Good Reason" during the term of this Agreement shall be deemed a justifiable termination of his employment and shall excuse him from the obligation to render services under or relating to this Agreement. In that event the Company 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 "

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)

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Termination by the Employee for Good Reason. a. The termination by Employee may terminate this Agreement and/or the Employee’s employment with the Company for Good Reason, as defined below. If the Employee of his employment terminates this Agreement for "Good Reason" during , then the term 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 Agreement, “Good Reason” shall be deemed a justifiable termination of his employment and shall excuse him from the obligation to render services under or relating to this Agreement. In that event the Company 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 "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 of this Agreement and his employment for "Good Reason" during the term of this Agreement shall be deemed a justifiable termination of his employment and shall excuse him the Employee from the obligation to render services under or relating to this Agreementas provided in Paragraph 2. In that event hereof. Upon such termination, the Company Employee shall be obligated entitled to pay to Severance Pay in accordance with the Employee the amounts and benefits described in Appendix D hereto in lieu provisions of all others provided by this AgreementParagraph 8. hereof. As used herein, the term phrase "

Appears in 2 contracts

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

Termination by the Employee for Good Reason. a. The termination by the Employee of may terminate his employment for "Good Reason" during , in which event the term 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 Agreement; provided however, that if the Employee’s Termination for Good Reason is also a Qualifying Termination, the Employee shall be deemed a justifiable termination of his employment entitled to receive the payments, benefits and shall excuse him from the obligation to render services under or relating to this Agreement. In that event the Company shall be obligated to pay to the Employee the amounts and benefits described other consideration set forth in Appendix D hereto Section 5.8 hereof in lieu of all others provided by this Agreement. As used herein, the term "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. a. The termination by (i) In the event the Employee of his employment for "Good Reason" during the term of terminate this Agreement shall be deemed a justifiable termination of his employment and shall excuse him from the obligation to render services under or relating to this Agreement. In that event for Good Reason (as defined in Section f.ii), the Company 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 "shall:

Appears in 1 contract

Samples: Employment Agreement (Petroleum Development Corp)

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Termination by the Employee for Good Reason. a. The termination by the Employee of may terminate his employment for "Good Reason" during the term of under this Agreement shall be deemed a justifiable termination of his employment and shall excuse him from the obligation to render services under or relating to this Agreement. In that for Good Reason in which event the Company Corporation shall be obligated still have the same obligations to pay to the Employee the amounts and benefits described under this Agreement as provided for in Appendix D hereto in lieu of all others provided by this Agreement. As used herein, the term "Section 9.4.

Appears in 1 contract

Samples: Employment Agreement (Xoma Corp /De/)

Termination by the Employee for Good Reason. a. The termination by (i) If the Employee of his employment for "Good Reason" during the term of terminates this Agreement shall be deemed a justifiable termination of his employment and shall excuse him from the obligation to render services under or relating to this Agreement. In that event for Good Reason (as defined in Section 7.f(ii)), the Company 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 "shall:

Appears in 1 contract

Samples: Employment Agreement (Foster L B Co)

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