Common use of Termination for Good Reason Clause in Contracts

Termination for Good Reason. For purposes of this Agreement, termination for Good Reason shall mean a termination by the Executive effected by a written notice given within sixty (60) days after the occurrence of the Good Reason event. For purposes of this Agreement, "Good Reason" shall mean the occurrence of any of the following events 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)

AutoNDA by SimpleDocs

Termination for Good Reason. For purposes At any time during the term of this Agreement, termination the Executive may terminate this Agreement for Good Reason shall mean a termination (as defined below) by giving the Executive effected by a Board of Directors of the Company thirty (30) calendar days written notice given within sixty 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 (6030) days after the occurrence of day notice period, the Good Reason event. For purposes of termination shall become effective, and the Company shall pay and provide to the Executive the benefits set forth in this Agreement, "Good Reason" shall mean the occurrence of any of the following events without the Executive's express written consent:Section 6.6.

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. For purposes of The Executive may terminate this Agreement, termination for Good Reason shall mean a termination Agreement by the Executive effected by giving a written notice given within sixty of termination not less than thirty (6030) days after prior to the occurrence effective date of the such termination for "Good Reason event. For purposes of this AgreementReason." As used herein, "Good Reason" shall mean means a diminution in the occurrence 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 events without the Executive's express written consenttransactions:

Appears in 6 contracts

Samples: Employment Agreement (Ohio Legacy Corp), Employment Agreement (Ohio Legacy Corp), Employment Agreement (Ohio Legacy Corp)

Termination for Good Reason. For purposes At any time during the Term, the Executive may voluntarily terminate this Agreement and resign from the employment of this Agreement, termination the Company for Good Reason Reason, as defined below. Such termination and resignation shall mean a termination by the Executive be effected by a written notice given within sixty (60) days after days' prior written notice to the occurrence of the Good Reason eventCompany. For purposes of this Agreement, "Good Reason" shall mean the occurrence of any of the following events without the Executive's express written consenttermination 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. For purposes At any time during the term of this Agreement, termination the Executive may terminate this Agreement for Good Reason shall mean (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 termination by basis for such termination. However, the Executive effected by a Company shall, at its option, have thirty (30) days from receipt of such written notice given within sixty (60) days after the occurrence of the Good Reason event. For purposes of this Agreement, "to cure any event or circumstance that could constitute Good Reason" shall mean the occurrence of any of the following events without the Executive's express written consent:.

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. For purposes At any time during the term of this Agreement, termination the Executive may terminate this Agreement for Good Reason shall mean (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 termination by the Executive effected by a basis for such termination. However, Company shall, at its option, have thirty (30) days from receipt of such written notice given within sixty (60) days after the occurrence of the Good Reason event. For purposes of this Agreement, "to cure any event or circumstance that could constitute Good Reason" shall mean the occurrence of any of the following events without the Executive's express written consent:.

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. For purposes At any time during the term of this Agreement, termination the Executive may terminate this Agreement for Good Reason shall mean a termination (as defined below) by giving the Executive effected by a Board thirty (30) calendar days written notice given within sixty 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 (6030) days after the occurrence of day notice period, the Good Reason event. For purposes of termination shall become effective, and the Company shall pay and provide to the Executive the benefits set forth in this Agreement, "Good Reason" shall mean the occurrence of any of the following events without the Executive's express written consent:Section 6.6.

Appears in 3 contracts

Samples: Employment Agreement (China Hydroelectric Corp), Employment Agreement (China Hydroelectric Corp), Employment Agreement (China Hydroelectric Corp)

Termination for Good Reason. For purposes of With thirty (30) days’ prior written notice to the Company, Executive may terminate his employment and this Agreement, termination Agreement for Good Reason shall mean a termination by the Executive effected by a written notice given within sixty (60) days after the occurrence of the Good Reason eventReason. For purposes of this Agreement, "Good Reason" shall mean the occurrence of any ” means: (A) a material change to or diminution of the following events without Executive’s job duties; and (B) a material breach of this Agreement by the Company that is not cured within thirty (30) days’ written notice of the 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 express written consent:’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. For purposes of The Executive may terminate this Agreement, termination for Good Reason shall mean a termination Agreement by the Executive effected by giving a written notice given within sixty of termination not less than thirty (6030) days after prior to the occurrence effective date of the Good Reason event. For purposes of this Agreement, "such termination for “Good Reason" shall mean the occurrence .” As used herein, “Good Reason” means a change of any of the following events without the Executive's express written consent:control or material breahes herinafter defined.

Appears in 1 contract

Samples: Employment Agreement (Ohio Legacy Corp)

Termination for Good Reason. For purposes At any time during the term of this Agreement, termination the Executive may terminate this Agreement for Good Reason shall mean a termination (as defined below) by giving the Executive effected by a Company thirty (30) calendar days written notice given within sixty 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 (6030) days after the occurrence of day notice period, the Good Reason eventtermination shall become effective, and the Company shall pay and provide to Employee the benefits set forth in this Section 4.2. For purposes of this Agreement, "Good Reason" shall mean the occurrence of any of the following events mean, without the Executive's express written consent, the occurrence of any one or more of the following:

Appears in 1 contract

Samples: Employment Agreement (Ilex Oncology Inc)

Termination for Good Reason. For purposes At any time during the term of this Agreement, termination the Executive may terminate this Agreement for Good Reason shall mean a termination (as hereinafter defined) by giving the Executive effected by a written notice given within sixty Company forty-five (6045) days after written notice, which notice sets forth in detail the occurrence of the Good Reason event. For purposes of this Agreement, "Good Reason" shall mean the occurrence of any of the following events without the Executive's express written consent:facts and circumstances claimed to provide

Appears in 1 contract

Samples: Employment Agreement (Carmax Inc)

AutoNDA by SimpleDocs

Termination for Good Reason. For purposes of The Executive may terminate this Agreement, termination for Good Reason shall mean a termination Agreement by the Executive effected by giving a written notice given within sixty of termination not less than thirty (6030) days after prior to the occurrence effective date of the such termination for "Good Reason event. For purposes of this AgreementReason." As used herein, "Good Reason" shall mean the occurrence of any of the following events without means: (i) a Diminution in the Executive's express written consent: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.

Appears in 1 contract

Samples: Employment Agreement (Ohio Legacy Corp)

Termination for Good Reason. For purposes of The Executive may terminate this Agreement, termination for Good Reason shall mean a termination Agreement by the Executive effected by giving a written notice given within sixty of termination not less than thirty (6030) days after prior to the occurrence effective date of the Good Reason event. For purposes of this Agreement, "such termination for “Good Reason" shall mean the occurrence .” As used herein, “Good Reason” means a change of any of the following events without the Executive's express written consent:control or material breach as hereinafter defined

Appears in 1 contract

Samples: Employment Agreement (Ohio Legacy Corp)

Termination for Good Reason. For purposes of The Executive may terminate this Agreement, termination for Good Reason shall mean a termination Agreement by the Executive effected by giving a written notice given within sixty of termination not less than thirty (6030) days after prior to the occurrence effective date of the Good Reason event. For purposes of this Agreement, "such termination for “Good Reason" shall mean the occurrence .” As used herein, “Good Reason” means a change of any of the following events without the Executive's express written consent:control or material breaches hereinafter defined.”

Appears in 1 contract

Samples: Employment Agreement (Ohio Legacy Corp)

Termination for Good Reason. For purposes At any time during the term of this Agreement, the Executive may terminate this Agreement for Good Reason (as defined below) by giving the Board of Directors of the Company thirty (30) 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. Upon the expiration of the thirty (30) day notice period, the Good Reason termination shall become effective. A termination for Good Reason shall mean have the same effect as a termination by the Executive effected by a written notice given within sixty (60) days after the occurrence of the Good Reason event. For purposes of this Agreement, "Good Reason" shall mean the occurrence of any of the following events Company without the Executive's express written consent:Cause.

Appears in 1 contract

Samples: Employment Agreement (FORU Holdings, Inc.)

Termination for Good Reason. For purposes of The Executive may terminate this Agreement, termination for Good Reason shall mean a termination Agreement by the Executive effected by giving a written notice given within sixty of termination not less than thirty (6030) days after prior to the occurrence effective date of such termination for “Good Reason.” As used herein, “Good Reason” means a diminution in the Good Reason event. For purposes Executive’s duties or material breach (“Material Breach”) of this AgreementAgreement by the Company or Bancorp, "Good Reason" shall mean or “Change in Control.” The term “Change of Control” means a change in ownership or control of either Bancorp or the occurrence of Company effected through any of the following events without the Executive's express written consenttransactions:

Appears in 1 contract

Samples: Employment Agreement (Ohio Legacy Corp)

Termination for Good Reason. For purposes of The Executive may terminate this Agreement, termination for Good Reason shall mean a termination Agreement by the Executive effected by giving a written notice given within sixty of termination not less than thirty (6030) days after prior to the occurrence effective date of the Good Reason event. For purposes of this Agreement, "such termination for “Good Reason" shall mean the occurrence .” As used herein, “Good Reason” means a change of any of the following events without the Executive's express written consent:control or material breaches hereinafter defined.

Appears in 1 contract

Samples: Employment Agreement (Ohio Legacy Corp)

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