Common use of Termination for Other than Cause Clause in Contracts

Termination for Other than Cause. Subject to the provisions of -------------------------------- Section 4 hereof, the Employee's employment may be terminated by either party by giving thirty (30) days written notice to the other party. If the Employee terminates his employment, it shall be considered to be a termination of the Employee's employment by the Company for other than Cause if any of the following events shall occur: if the Company (a) fails to appoint (or elect) the Employee to the position or positions listed in Section 1.01 hereof; (b) fails to comply with the provisions of Section 2 hereof; (c) engages in conduct that, against the Employee's volition, would cause the Employee to commit fraudulent acts or would expose the Employee to criminal liability; (d) reduces or attempts to reduce the Employee's annual compensation (as described in Section 2 hereof); (e) takes or attempts to take from the Employee a title or an office; or (f) effects or attempts to effect a significant change in the Employee's responsibilities and/or duties which constitutes a demotion in the judgment of the Employee (such judgment being exercised in good faith).

Appears in 4 contracts

Samples: Employment Agreement (Maxwell Shoe Co Inc), Employment Agreement (Maxwell Shoe Co Inc), Employee Nonqualified Stock Option Agreement (Maxwell Shoe Co Inc)

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Termination for Other than Cause. Subject to the provisions of -------------------------------- Section 4 hereof, the Employee's employment may be terminated by either party by giving thirty (30) days written notice to the other party. If the Employee terminates his employment, it shall be considered to be a termination of the Employee's employment by the Company for other than Cause if any of the following events shall occur: if the Company (a) fails to appoint (or elect) the Employee to the position or positions listed in Section 1.01 hereof; (b) fails to comply with the provisions of Section 2 hereof; (c) engages in conduct that, against the Employee's volition, would cause the Employee to commit fraudulent acts or would expose the Employee to criminal liability; (d) reduces or attempts to reduce the Employee's annual compensation (as described in Section 2 hereof); (e) takes or attempts to take from the Employee a title or an office; or (f) effects or attempts to effect a significant change in the Employee's responsibilities and/or duties which constitutes a demotion in the judgment of the Employee (such judgment being exercised in good faith); or (g) requires the Employee to be regularly based at any office or location that is more than 50 miles from the Company's current headquarters in Hyde Park (Boston), MA.

Appears in 2 contracts

Samples: Employment Agreement (Maxwell Shoe Co Inc), Employment Agreement (Maxwell Shoe Co Inc)

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Termination for Other than Cause. Subject to the provisions of -------------------------------- Section 4 hereof, the Employee's ’s employment may be terminated by either party by giving thirty (30) days written notice to the other party. If the Employee terminates his employment, it shall be considered to be a termination of the Employee's ’s employment by the Company for other than Cause if any of the following events shall occur: if the Company (a) fails to appoint (or elect) the Employee to the position or positions listed in Section 1.01 hereof; (b) fails to comply with the provisions of Section 2 hereof; (c) engages in conduct that, against the Employee's ’s volition, would cause the Employee to commit fraudulent acts or would expose the Employee to criminal liability; (d) reduces or attempts to reduce the Employee's ’s annual compensation (as described in Section 2 hereof); (e) takes or attempts to take from the Employee a title or an office; or (f) effects or attempts to effect a significant change in the Employee's ’s responsibilities and/or duties which constitutes a demotion in the judgment of the Employee (such judgment being exercised in good faith); or (g) requires the Employee to be regularly based at any office or location that is more than 50 miles from the Company’s current headquarters in Hyde Park (Boston), MA.

Appears in 1 contract

Samples: Employment Agreement (Maxwell Shoe Co Inc)

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