Termination for Good Reason. The Executive may terminate this Agreement by giving a written notice of termination not less than thirty (30) days prior to the effective date of such termination for "Good Reason." As used herein, "Good Reason" means a diminution in the Executive's duties or material breach ("Material Breach") of this Agreement by the Company or Bancorp, or "Change in Control." The term "Change of Control" means a change in ownership or control of either Bancorp or the Company effected through any of the following transactions:
Appears in 6 contracts
Samples: Employment Agreement (Ohio Legacy Corp), Employment Agreement (Ohio Legacy Corp), Employment Agreement (Ohio Legacy Corp)
Termination for Good Reason. The For purposes of this Agreement, termination for Good Reason shall mean a termination by the Executive may terminate this Agreement effected by giving a written notice of termination not less than thirty given within sixty (3060) days prior to after the effective date occurrence of such termination for "the Good Reason." As used hereinReason event. For purposes of this Agreement, "Good Reason" means a diminution in shall mean the Executive's duties or material breach ("Material Breach") occurrence of this Agreement by the Company or Bancorp, or "Change in Control." The term "Change of Control" means a change in ownership or control of either Bancorp or the Company effected through any of the following transactionsevents without the Executive's express written consent:
Appears in 6 contracts
Samples: Executive Employment Agreement (Overseas Shipholding Group Inc), Executive Employment Agreement (Overseas Shipholding Group Inc), Executive Employment Agreement (Overseas Shipholding Group Inc)
Termination for Good Reason. The At any time during the term of this Agreement, the Executive may terminate this Agreement for Good Reason (as defined below) by giving a written notice the Board of termination not less than Directors of the Company thirty (30) calendar days prior written notice of intent to terminate, which notice sets forth in reasonable detail the facts and circumstances claimed to provide a basis for such termination. Upon the expiration of the thirty (30) day notice period, the Good Reason termination shall become effective, and the Company shall pay and provide to the effective date of such termination for "Good ReasonExecutive the benefits set forth in this Section 6.6." As used herein, "Good Reason" means a diminution in the Executive's duties or material breach ("Material Breach") of this Agreement by the Company or Bancorp, or "Change in Control." The term "Change of Control" means a change in ownership or control of either Bancorp or the Company effected through any of the following transactions:
Appears in 6 contracts
Samples: Employment Agreement (Universal Technology Systems Corp.), Employment Agreement (Universal Technology Systems Corp.), Employment Agreement (Universal Technology Systems Corp.)
Termination for Good Reason. The At any time during the Term, the Executive may voluntarily terminate this Agreement and resign from the employment of the Company for Good Reason, as defined below. Such termination and resignation shall be effected by giving a sixty (60) days' prior written notice of termination not less than thirty (30) days prior to the effective date of such termination for "Good Reason." As used herein, Company. "Good Reason" means a diminution in the Executive's duties or material breach ("Material Breach") of this Agreement by the Company or Bancorp, or "Change in Control." The term "Change of Control" means a change in ownership or control of either Bancorp or the Company effected through any of the following transactionsshall mean termination based upon:
Appears in 5 contracts
Samples: Executive Employment Agreement (Marijuana Co of America, Inc.), Executive Employment Agreement (American Cannabis Company, Inc.), Executive Employment Agreement (American Cannabis Company, Inc.)
Termination for Good Reason. The At any time during the term of this Agreement, the Executive may terminate this Agreement for Good Reason (as defined below) by giving the Company forty-five (45) days written notice, which notice sets forth in detail the facts and circumstances claimed to provide a written notice of termination not less than basis for such termination. However, the Company shall, at its option, have thirty (30) days prior to the effective date from receipt of such termination for "written notice to cure any event or circumstance that could constitute Good Reason." As used herein, "Good Reason" means a diminution in the Executive's duties or material breach ("Material Breach") of this Agreement by the Company or Bancorp, or "Change in Control." The term "Change of Control" means a change in ownership or control of either Bancorp or the Company effected through any of the following transactions:
Appears in 4 contracts
Samples: Employment Agreement (Circuit City Stores Inc), Employment Agreement (Circuit City Stores Inc), Employment Agreement (Circuit City Stores Inc)
Termination for Good Reason. The At any time during the term of this Agreement, the Executive may terminate this Agreement for Good Reason (as defined below) by giving the Company forty-five (45) days written notice, which notice sets forth in detail the facts and circumstances claimed to provide a written notice of termination not less than basis for such termination. However, Company shall, at its option, have thirty (30) days prior to the effective date from receipt of such termination for "written notice to cure any event or circumstance that could constitute Good Reason." As used herein, "Good Reason" means a diminution in the Executive's duties or material breach ("Material Breach") of this Agreement by the Company or Bancorp, or "Change in Control." The term "Change of Control" means a change in ownership or control of either Bancorp or the Company effected through any of the following transactions:
Appears in 4 contracts
Samples: Employment Agreement (Circuit City Stores Inc), Employment Agreement (Circuit City Stores Inc), Employment Agreement (Circuit City Stores Inc)
Termination for Good Reason. The At any time during the term of this Agreement, the Executive may terminate this Agreement for Good Reason (as defined below) by giving a written notice of termination not less than the Board thirty (30) calendar days prior written notice of intent to terminate, which notice sets forth in reasonable detail the facts and circumstances claimed to provide a basis for such termination. Upon the expiration of the thirty (30) day notice period, the Good Reason termination shall become effective, and the Company shall pay and provide to the effective date of such termination for "Good ReasonExecutive the benefits set forth in this Section 6.6." As used herein, "Good Reason" means a diminution in the Executive's duties or material breach ("Material Breach") of this Agreement by the Company or Bancorp, or "Change in Control." The term "Change of Control" means a change in ownership or control of either Bancorp or the Company effected through any of the following transactions:
Appears in 3 contracts
Samples: Employment Agreement (China Hydroelectric Corp), Employment Agreement (China Hydroelectric Corp), Employment Agreement (China Hydroelectric Corp)
Termination for Good Reason. The Executive may terminate this Agreement by giving a written notice of termination not less than With thirty (30) days days’ prior written notice to the effective date of such termination Company, Executive may terminate his employment and this Agreement for "Good Reason." As used herein. For purposes of this Agreement, "“Good Reason" means ” means: (A) a material change to or diminution in of the Executive's duties or ’s job duties; and (B) a material breach ("Material Breach") of this Agreement by the Company or Bancorp, or "Change in Control." The term "Change of Control" means a change in ownership or control of either Bancorp or the Company effected through any that is not cured within thirty (30) days’ written notice of the following transactions:same to the Company. The written notice of termination for Good Reason must specify in reasonable detail the facts and circumstances claimed to provide a basis for termination of the Executive’s employment under the provision so indicated, if applicable.
Appears in 2 contracts
Samples: Employment Agreement (Iec Electronics Corp), Employment Agreement (Iec Electronics Corp)
Termination for Good Reason. The At any time during the term of this Agreement, the Executive may terminate this Agreement for Good Reason (as defined below) by giving a written notice the Chief Executive Officer of termination not less than the Company thirty (30) days prior calendar days' written notice of intent to terminate, which notice sets forth in reasonable detail the facts and circumstances claimed to provide a basis for such termination. The Effective Date of Termination shall occur upon the expiration of the thirty (30) day notice period, and the Company shall pay and provide to the effective date of such termination for "Good ReasonExecutive the benefits set forth in this Section 6.6." As used herein, "Good Reason" means a diminution in the Executive's duties or material breach ("Material Breach") of this Agreement by the Company or Bancorp, or "Change in Control." The term "Change of Control" means a change in ownership or control of either Bancorp or the Company effected through any of the following transactions:
Appears in 2 contracts
Samples: Employment Agreement (Circuit City Stores Inc), Employment Agreement (Circuit City Stores Inc)
Termination for Good Reason. The Executive may terminate this Agreement by giving a written notice of termination not less than thirty (30) days prior to the effective date of such termination for "“Good Reason." ” As used herein, "“Good Reason" means a diminution in the Executive's duties or material breach ("Material Breach") of this Agreement by the Company or Bancorp, or "Change in Control." The term "Change of Control" ” means a change in ownership of control or control of either Bancorp or the Company effected through any of the following transactions:material breaches hereinafter defined.
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Termination for Good Reason. The Executive may terminate this Agreement by giving a written notice of termination not less than thirty (30) days prior to the effective date of such termination for "“Good Reason." ” As used herein, "“Good Reason" means a diminution in the Executive's duties or material breach ("Material Breach") of this Agreement by the Company or Bancorp, or "Change in Control." The term "Change of Control" ” means a change in ownership of control or control of either Bancorp or the Company effected through any of the following transactions:material breahes herinafter defined.
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Termination for Good Reason. The Executive may terminate this Agreement by giving a written notice of termination not less than thirty (30) days prior to the effective date of such termination for "“Good Reason." ” As used herein, "“Good Reason" ” means a diminution in the Executive's ’s duties or material breach ("“Material Breach"”) of this Agreement by the Company or Bancorp, or "“Change in Control." ” The term "“Change of Control" ” means a change in ownership or control of either Bancorp or the Company effected through any of the following transactions:
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Termination for Good Reason. The At any time during the term of this Agreement, the Executive may terminate this Agreement for Good Reason (as hereinafter defined) by giving a written notice of termination not less than thirty the Company forty-five (3045) days prior written notice, which notice sets forth in detail the facts and circumstances claimed to the effective date of such termination for "Good Reason." As used herein, "Good Reason" means a diminution in the Executive's duties or material breach ("Material Breach") of this Agreement by the Company or Bancorp, or "Change in Control." The term "Change of Control" means a change in ownership or control of either Bancorp or the Company effected through any of the following transactions:provide
Appears in 1 contract
Samples: Employment Agreement (Carmax Inc)
Termination for Good Reason. The Executive may terminate this Agreement by giving a written notice of termination not less than thirty (30) days prior to the effective date of such termination for "Good Reason." As used herein, "Good Reason" means means: (i) a diminution Diminution in the Executive's duties Duties or Benefits as defined below; (ii) material breach ("Material Breach") of this Agreement by the Company or Bancorp, or (iii) "Change in Control" as defined below." The term "Change of Control" means a change in ownership or control of either Bancorp or the Company effected through any of the following transactions:
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Termination for Good Reason. The Executive may terminate this Agreement by giving a written notice of termination not less than thirty (30) days prior to the effective date of such termination for "“Good Reason." ” As used herein, "“Good Reason" ” means a diminution in the Executive's duties change of control or material breach ("Material Breach") of this Agreement by the Company or Bancorp, or "Change in Control." The term "Change of Control" means a change in ownership or control of either Bancorp or the Company effected through any of the following transactions:as hereinafter defined
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Termination for Good Reason. The At any time during the Term, the Executive may voluntarily terminate this Agreement and resign from the employment of the Company for Good Reason, as defined below. Such termination and resignation shall be effected by giving a written notice of termination not less than thirty sixty (3060) days prior written notice to the effective date of such termination for "Good Reason." As used herein, Company. "Good Reason" means a diminution in the Executive's duties or material breach ("Material Breach") of this Agreement by the Company or Bancorp, or "Change in Control." The term "Change of Control" means a change in ownership or control of either Bancorp or the Company effected through any of the following transactions:shall mean termination based upon;
Appears in 1 contract
Samples: Executive Employment Agreement (Dalrada Financial Corp)
Termination for Good Reason. The Executive may terminate this Agreement by giving a written notice of termination not less than thirty (30) days prior to the effective date of such termination for "“Good Reason." ” As used herein, "“Good Reason" means a diminution in the Executive's duties or material breach ("Material Breach") of this Agreement by the Company or Bancorp, or "Change in Control." The term "Change of Control" ” means a change in ownership of control or control of either Bancorp or the Company effected through any of the following transactions:material breaches hereinafter defined.”
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