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

Termination by the Executive for Good Reason. i. The Executive may voluntarily terminate his employment for “Good Reason” by notifying the Company in writing, within ninety (90) days after the Executive first obtains knowledge of the occurrence of one of the events below, that the Executive is terminating his employment for Good Reason, provided that the Company shall have forty-five (45) days to cure. If such Good Reason is not cured, the Executive must actually terminate employment no later than six months following the initial existence of such Good Reason.

Appears in 10 contracts

Samples: Employment Agreement (Steinway Musical Instruments Holdings, Inc.), Employment Agreement (Steinway Musical Instruments Holdings, Inc.), Employment Agreement (Steinway Musical Instruments Holdings, Inc.)

AutoNDA by SimpleDocs

Termination by the Executive for Good Reason. i. The Executive may voluntarily terminate his employment for Good Reason” by notifying the Company in writing, within Reason if (i) not later than ninety (90) days after the Executive first obtains knowledge of the occurrence of one of the events below, any act or omission that the Executive is terminating his employment for constitutes Good Reason, provided that the Executive provides the Company shall have forty-five with a written notice setting forth in reasonable detail the acts or omissions that constitute Good Reason, (45ii) the Company fails to correct or cure the acts or omissions within thirty (30) days to cure. If after it receives such Good Reason is not curedwritten notice, and (iii) the Executive must actually terminate terminates his employment no with the Company after the expiration of such cure period but not later than six months following sixty (60) days after the initial existence expiration of such Good Reasoncure period.

Appears in 7 contracts

Samples: Employment Agreement (Immunic, Inc.), Employment Agreement (First Person Ltd.), Employment Agreement (First Person Ltd.)

Termination by the Executive for Good Reason. i. The Executive may voluntarily terminate his employment for Good Reason” by notifying the Company in writing, within Reason if (i) not later than ninety (90) days after the Executive first obtains knowledge of the occurrence of one of the events below, any act or omission that the Executive is terminating his employment for constitutes Good Reason, provided that the Executive provides the Company shall have forty-five with a written notice setting forth in reasonable detail the acts or omissions that constitute Good Reason, (45ii) the Company fails to correct or cure the acts or omissions within thirty (30) days to cure. If after it receives such Good Reason is written notice, and (iii) Executive terminates his employment with the Company after the expiration of such cure period but not cured, the Executive must actually terminate employment no later than six months following sixty (60) days after the initial existence expiration of such Good Reasoncure period.

Appears in 7 contracts

Samples: Employment Agreement (INVO Bioscience, Inc.), Employment Agreement (Detwiler Kyle), Employment Agreement (Clever Leaves Holdings Inc.)

Termination by the Executive for Good Reason. i. The Executive may voluntarily terminate his employment for “Good Reason” by notifying the Company in writing, within ninety (90) days after the Executive first obtains knowledge of the occurrence of one of the events below, that the Executive is terminating his Executive’s employment for Good Reason, provided that Reason after providing the Company shall with written notice of the Executive’s intent to terminate the Executive’s employment and the reason(s) therefor. The Company will have forty30 days in which to cure the reason(s) provided by the Executive. At the end of the 30-five (45) days to cure. If such day period, if the Company has not cured the Good Reason is not curedcause of the Executive’s termination, the Executive must actually Executive’s employment will terminate employment no later than six months following a reasonable transition period specified by the initial existence of such Good ReasonCompany not to exceed 30 days.

Appears in 3 contracts

Samples: Merger Agreement (TGC Industries Inc), Employment Agreement (Dawson Geophysical Co), Merger Agreement (Dawson Geophysical Co)

Termination by the Executive for Good Reason. i. The Executive’s employment may be terminated by the Executive may voluntarily terminate for Good Reason by his employment for “Good Reason” by notifying giving the Company six months’ notice in writing, within ninety (90) days after . In the Executive first obtains knowledge of the occurrence of one of the events below, event that the Executive is terminating terminates his employment for Good ReasonReason the Executive shall, provided that the Company shall have forty-five (45) Executive has signed a General Release within 5 business days to cure. If such Good Reason is not curedfrom the date that notice expires, the Executive must actually terminate employment no later than six months following the initial existence of such Good Reason.be eligible for:

Appears in 3 contracts

Samples: Employment Agreement (Ipc Holdings LTD), Employment Agreement (Ipc Holdings LTD), Employment Agreement (Ipc Holdings LTD)

Termination by the Executive for Good Reason. i. The Executive may voluntarily terminate his employment for Good Reason” by notifying the Company in writing, Reason at any time within ninety (90) days after the Executive first obtains has actual knowledge of the occurrence of one of the events below, that the Executive is terminating his employment for Good Reason, provided that the Company shall have forty-five (45) days to cure. If such Good Reason is not cured, the Executive must actually terminate employment no later than six months following the initial existence of such Good Reason.. For purposes of this Agreement, the term “Good Reason” shall mean:

Appears in 2 contracts

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

Termination by the Executive for Good Reason. i. The Executive may voluntarily terminate his employment for “Good Reason” by notifying the Company in writing, within ninety (90) days after the Executive first obtains knowledge of the occurrence of one of the events below, that the Executive is terminating his Executive's employment for Good Reason, provided that Reason after providing the Company shall have forty-five (45) with written notice within 60 days to cure. If such Good Reason is not cured, the Executive must actually terminate employment no later than six months following of the initial existence of such Good ReasonReason of the Executive's intent to terminate the Executive's employment and the reason(s) therefor. The Company will have 30 days in which to cure the reason(s) provided by the Executive. At the end of such 30-day period, if the Company has not cured the Good Reason specified in the written notice as the reason for such termination, then the Executive's employment will terminate following a reasonable transition period not to exceed 30 days specified by the Company in written notice to the Executive.

Appears in 2 contracts

Samples: Employment Agreement (Dawson Geophysical Co), Employment Agreement (Dawson Geophysical Co)

AutoNDA by SimpleDocs

Termination by the Executive for Good Reason. i. The Executive may voluntarily terminate his employment for “Good Reason” by notifying the Company in writing, within ninety (90) days after the Executive first obtains knowledge of the occurrence of one of the events below, that the Executive is terminating his Executive’s employment for Good Reason, provided that Reason after providing the Company shall have forty-five (45) with written notice within 60 days to cure. If such Good Reason is not cured, the Executive must actually terminate employment no later than six months following of the initial existence of such Good ReasonReason of the Executive’s intent to terminate the Executive’s employment and the reason(s) therefor. The Company will have 30 days in which to cure the reason(s) provided by the Executive. At the end of such 30-day period, if the Company has not cured the Good Reason specified in the written notice as the reason for such termination, then the Executive’s employment will terminate following a reasonable transition period not to exceed 30 days specified by the Company in written notice to the Executive.

Appears in 1 contract

Samples: Employment Agreement (Dawson Geophysical Co)

Termination by the Executive for Good Reason. i. The Executive may voluntarily terminate his the Executive’s employment for Good Reason” by notifying the Company in writing, Reason at any time within ninety (90) days after the Executive first obtains has actual knowledge of the occurrence of one of the events below, that the Executive is terminating his employment for Good Reason, provided that the Company shall have forty-five (45) days to cure. If such Good Reason is not cured, the Executive must actually terminate employment no later than six months following the initial existence of such Good Reason.. For purposes of this Agreement, the term “Good Reason” shall mean:

Appears in 1 contract

Samples: Employment Agreement (Spheric Technologies, Inc.)

Termination by the Executive for Good Reason. i. The Executive may voluntarily terminate his employment hereunder for “Good Reason,by notifying provided that the Company in writing, Executive shall have delivered a Notice of Termination within ninety (90) days after the Executive first obtains knowledge occurrence of the occurrence event of one of the events below, that the Executive is terminating his employment for Good Reason, provided that the Company shall have forty-five (45) days to cure. If such Good Reason is not cured, the Executive must actually terminate employment no later than six months following the initial existence of giving rise to such Good Reason.termination. For

Appears in 1 contract

Samples: Employment Agreement (Quest Diagnostics Inc)

Termination by the Executive for Good Reason. i. The Executive may voluntarily terminate his employment for “Good Reason” by notifying the Company in writing, within ninety (90) days after the Executive first obtains knowledge of the occurrence of one of the events below, that the Executive is terminating his employment for Good Reason, provided that the Company shall have forty-five (45) days to cure. If such Good Reason is not cured, the Executive must actually terminate employment no later than six (6) months following the initial existence of such Good Reason.

Appears in 1 contract

Samples: Employment Agreement (Steinway Musical Instruments Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!