Common use of Termination for Good Clause in Contracts

Termination for Good. Reason shall be effective immediately upon written notice from the Employee to the President. Good Reason shall exist if CNS has materially breached any of the terms of this Agreement; Employee is assigned duties which are materially inconsistent with his position, duties, responsibilities and status as VP, Sales; his compensation, including any incentive compensation or bonus plan, is reduced; or relocation of CNS would require him to relocate his principal residence outside reasonable commuting distance of the Twin Cities Metropolitan area.

Appears in 1 contract

Sources: Executive Employment Agreement (CNS Inc /De/)

Termination for Good. Reason shall be effective immediately upon written notice from the Employee to the President. Good Reason shall exist if CNS has materially breached any of the terms of this Agreement; Employee is assigned duties which are materially inconsistent with his position, duties, responsibilities and status as VP, SalesChairman & CEO; his compensation, including any incentive compensation or bonus plan, is reduced; or relocation of CNS would require him to relocate his principal residence outside reasonable commuting distance of the Twin Cities Metropolitan area.

Appears in 1 contract

Sources: Executive Employment Agreement (CNS Inc /De/)

Termination for Good. Reason shall be effective immediately upon written notice from the Employee to the President. Good Reason shall exist if CNS has materially breached any of the terms of this Agreement; Employee is assigned duties which are materially inconsistent with his position, duties, responsibilities and status as VP, SalesBusiness Development; his compensation, including any incentive compensation or bonus plan, is reduced; or relocation of CNS would require him to relocate his principal residence outside reasonable commuting distance of the Twin Cities Metropolitan area.

Appears in 1 contract

Sources: Executive Employment Agreement (CNS Inc /De/)

Termination for Good. Reason shall be effective immediately upon written notice from the Employee to the President. Good Reason shall exist if CNS has materially breached any of the terms of this Agreement; Employee is assigned duties which are materially inconsistent with his position, duties, responsibilities and status as VP, SalesOperations; his compensation, including any incentive compensation or bonus plan, is reduced; or relocation of CNS would require him to relocate his principal residence outside reasonable commuting distance of the Twin Cities Metropolitan area.

Appears in 1 contract

Sources: Executive Employment Agreement (CNS Inc /De/)

Termination for Good. Reason shall be effective immediately upon written notice from the Employee to the PresidentPresident and CEO. Good Reason shall exist if CNS has materially breached any of the terms of this Agreement; Employee is assigned duties which are materially inconsistent with his position, duties, responsibilities and status as VPVice President Marketing, SalesBreathe Right Brand; his compensation, including any incentive compensation or bonus plan, is reduced; or relocation of CNS would require him to relocate his principal residence outside reasonable commuting distance of the Twin Cities Metropolitan area.

Appears in 1 contract

Sources: Executive Employment Agreement (CNS Inc /De/)

Termination for Good. Reason shall be effective immediately upon written notice from the Employee to the President. Good Reason shall exist if CNS has materially breached any of the terms of this Agreement; Employee is assigned duties which are materially inconsistent with his position, duties, responsibilities and status as VP, SalesProduct Development & Regulatory Affairs; his compensation, including any incentive compensation or bonus plan, is reduced; or relocation of CNS would require him to relocate his principal residence outside reasonable commuting distance of the Twin Cities Metropolitan area.

Appears in 1 contract

Sources: Executive Employment Agreement (CNS Inc /De/)

Termination for Good. Reason shall be effective immediately upon written notice from the Employee to the President. Good Reason shall exist if CNS has materially breached any of the terms of this Agreement; Employee is assigned duties which are materially inconsistent with his position, duties, responsibilities and status as VP, SalesPresident & COO; his compensation, including any incentive compensation or bonus plan, is reduced; or relocation of CNS would require him to relocate his principal residence outside reasonable commuting distance of the Twin Cities Metropolitan area.

Appears in 1 contract

Sources: Executive Employment Agreement (CNS Inc /De/)

Termination for Good. Reason shall be effective immediately upon written notice from the Employee to the President. Good Reason shall exist if CNS has materially breached any of the terms of this Agreement; Employee is assigned duties which are materially inconsistent with his position, duties, responsibilities and status as VP, SalesNew Business Commercialization; his compensation, including any incentive compensation or bonus plan, is reduced; or relocation of CNS would require him to relocate his principal residence outside reasonable commuting distance of the Twin Cities Metropolitan area.

Appears in 1 contract

Sources: Executive Employment Agreement (CNS Inc /De/)

Termination for Good. Reason shall be effective immediately upon written notice from the Employee to the President. Good Reason shall exist if CNS has materially breached any of the terms of this Agreement; Employee is assigned duties which are materially inconsistent with his position, duties, responsibilities and status as VPVP Finance, SalesCFO, and Treasurer; his compensation, including any incentive compensation or bonus plan, is reduced; or relocation of CNS would require him to relocate his principal residence outside reasonable commuting distance of the Twin Cities Metropolitan area.

Appears in 1 contract

Sources: Executive Employment Agreement (CNS Inc /De/)