Termination of Employment by the Executive for Good Reason. Subject to the notice and cure provisions set forth below, the Executive may terminate the Executive’s employment with the Company for Good Reason and receive the Severance Package provisions of Section 5 if any of the following have occurred without the Executive’s written consent (“Good Reason”):
Termination of Employment by the Executive for Good Reason. The Executive may terminate his employment for Good Reason, but only if:
Termination of Employment by the Executive for Good Reason. The Executive may terminate his employment for Good Reason during the Term upon at least 30 days’ prior written notice to the Company which specifically identifies the basis for such Good Reason. The Company shall have 30 days to remedy the condition and not be required to pay any amount of severance hereunder. The Executive’s employment shall terminate upon the date specified in his notice of termination. If the Company disputes the existence of Good Reason, the issue of whether Good Reason exists shall promptly be submitted to arbitration in accordance with Section 13. If the arbitrator or arbitrators conclude that Good Reason does not exist, the Executive shall be treated as having terminated his employment hereunder without Good Reason on the date specified in his notice of termination. Upon the termination of the Executive’s employment by the Executive for Good Reason, the Executive shall be entitled to the same payments and benefits as provided in the second sentence of Section 3(b) above; provided, however, that if the Executive terminates his employment for Good Reason based on a material reduction in his annual base salary, then the annual base salary to be used in determining the salary payments in accordance with Section 3(b)(2) above shall be the annual base salary in effect immediately prior to such reduction.
Termination of Employment by the Executive for Good Reason. The Executive may terminate his employment for Good Reason. Upon a termination by the Executive of his employment for Good Reason, the Executive shall be entitled to the same payments and benefits as provided in Section 11(d) above. In no event shall a termination of the Executive's employment for Good Reason occur unless and until the Executive provides the Company, within sixty (60) calendar days of becoming aware of the facts and circumstances underlying the finding of Good Reason, with written notice thereof in accordance with Section 24 below stating with specificity the facts and circumstances underlying the finding of Good Reason and, if the basis for such finding of Good Reason is capable of being cured by the Company, providing the Company with an opportunity to cure the same within thirty (30) calendar days after receipt of such notice in accordance with Section 24 below.
Termination of Employment by the Executive for Good Reason. The Executive may terminate his employment for Good Reason, provided that the Termination Date occurs during the 2-year period immediately following the date that the events or actions constituting Good Reason first become known to the Executive. Upon a termination by the Executive of his employment for Good Reason, the Term of Employment shall end as of the date of the termination of the Executive’s employment for Good Reason and the Executive shall be entitled to the same payments and benefits as provided in Section 11(d) above. In no event shall a termination of the Executive’s employment for Good Reason occur unless the Executive gives written notice to the Company in accordance with Section 27 below stating with specificity the events or actions that constitute Good Reason (a “Good Reason Notice”). In addition, the Executive shall provide the Good Reason Notice to the Company during the 90-day period immediately following the date that the events or actions constituting Good Reason first become known to the Executive. The Executive shall provide the Company with an opportunity to cure (if curable) the events or actions constituting Good Reason within a reasonable period of time, but at least 30 days from the date the Company receives the Good Reason Notice.
Termination of Employment by the Executive for Good Reason. The Executive may terminate his employment for Good Reason during the Term upon at least 30 days’ prior written notice to the Company which specifically identifies the basis for such Good Reason. The Company shall have 30 days to remedy the condition that the Executive asserts constitutes Good Reason. If the condition described in the Executive’s notice is timely cured by the Company to the satisfaction of the Executive, the Executive’s notice shall become null and void and the Executive’s employment shall not terminate. If the condition is not timely cured to the satisfaction of the Executive, the Executive’s employment shall terminate with Good Reason effective as of the later of the last day of the 30 day cure period or the date specified in the Executive’s notice and the Executive shall be entitled to receive the benefits described in this Section 3(c). If following the Executive’s termination of employment the Company disputes the existence of Good Reason, the issue of whether Good Reason exists shall promptly be submitted to arbitration in accordance with Section 13. If the arbitrator or arbitrators conclude that Good Reason did not exist, the Executive shall be treated as having terminated his employment hereunder without Good Reason and the Executive shall be entitled to receive the benefits described in Section 3(d) and must promptly pay to the Company any benefits that the Executive received under this Section 3(c) that exceed the benefits payable under Section 3(d). If the arbitrator or arbitrators conclude that Good Reason did exist, the Executive shall be treated as having terminated his employment hereunder with Good Reason and the Executive shall be entitled to receive the benefits described in this Section 3(c). Upon the termination of the Executive’s employment by the Executive for Good Reason, the Executive shall be entitled to the same payments and benefits as provided in the second sentence of Section 3(b) above, i.e., as if the Company terminated the Executive’s employment without Cause within one year after a Change in Control; provided, however, that if the Executive terminates his employment for Good Reason based on a material reduction in his annual base salary, then the annual base salary to be used in determining the salary payments in accordance with Section 3(b)(2) above shall be the annual base salary in effect immediately prior to such reduction.
Termination of Employment by the Executive for Good Reason. The Executive may terminate his employment for Good Reason at the end of the 10-day period following the date that the Executive notifies the Company in writing in accordance with Section 23 below that he intends to terminate his employment for Good Reason (the "Notification Date"), such notice to state in detail the particular event that constitutes Good Reason. The Company shall have reasonable opportunity to cure the event constituting Good Reason; provided, however, that if the Company has not cured such event to the reasonable satisfaction of Executive (and the Executive has not waived the Company's failure to cure) during the 10-day period following the Notification Date (the "Curing Period"), the Executive may terminate his employment following the end of the Curing Period; provided, however, that the Executive may not terminate his employment for Good Reason after the end of the 30-day period following the date the event constituting Good Reason first occurs. Upon a termination by the Executive of his employment for Good Reason, the Executive shall be entitled to the same payments and benefits as provided in Section 11(d) above.
Termination of Employment by the Executive for Good Reason. The Executive may terminate his employment for Good Reason during the Term upon at least 15 days prior written notice to the Company which specifically identifies the basis for such Good Reason. The Executive’s employment shall terminate upon the date specified in his notice of termination. If the Company disputes the existence of Good Reason, the issue of whether Good Reason exists shall promptly be submitted to arbitration in accordance with Section 13. If the arbitrator or arbitrators conclude that Good Reason does not exist, the Executive shall be treated as having terminated his employment hereunder without Good Reason on the date specified in his notice of termination. Upon the termination of the Executive’s employment by the Executive for Good Reason, the Executive shall be entitled to the same payments and benefits as provided in Section 3(b) above; provided, however, that if the Executive terminates his employment for Good Reason based on a reduction in his base salary, then the base salary to be used in determining the salary payments in accordance with Section 3(b)(2) above shall be the base salary in effect immediately prior to such reduction.
Termination of Employment by the Executive for Good Reason. The Executive may terminate his employment at any time during the Term for Good Reason by giving the Corporation written notice of his intention to do so. This notice must describe, in reasonable detail, the reasons for which the Executive believes he has Good Reason to terminate his employment. If, during the ensuing thirty (30) days or, if shorter, the remainder of the Term (“Cure Period”), the Corporation cures the condition cited by the Executive, no termination will occur under this section. However, if the Corporation does not cure the condition cited by the Executive during the Cure Period, this Agreement will terminate at the end of the Cure Period (“Good Reason Termination Date”) and the terms of this section will apply regardless of any other event (other than as provided in Section 5.06) that occurs after the delivery of the written notice of intent to terminate for Good Reason. [1] This Agreement and the Executive’s employment will terminate as of the Good Reason Termination Date. [2] The Corporation will pay or cause to be paid or made available to the Executive: [a] Any unpaid installments of his Base Salary, calculated through the Good Reason Termination Date; [b] The value of any accrued but unused paid-time-off, calculated under the terms of the Corporation’s paid-time-off policy for similar events; [c] Continuation of Base Salary at the rate then in effect for twelve (12) months, paid in accordance with the Corporation’s normal payroll procedures beginning on the Good Reason Termination Date; [d] A lump sum payment (less lawful payroll deductions and taxes) equal to the “target” cash bonus amount most recently established before the Good Reason Termination Date; [e] In addition to the payments described in Section 5.05[2][c], continuation of Base Salary for twenty-four (24) months, paid in accordance with the Corporation’s normal payroll procedures beginning on the Good Reason Termination Date and in consideration of the obligations assumed under Article 6. In the event the Executive breaches the obligations contained under Article 6, the obligation to pay continuation of Base Salary under this Section 5.05[2][e] will terminate; [f] In addition to the payments described in Section 5.05[2][d], lump sum payments (less lawful payroll deductions and taxes) within five (5) days after the first and second anniversaries of the Good Reason Termination Date each equal to the “target” cash bonus amount most recently established before the Good Reas...
Termination of Employment by the Executive for Good Reason. (Section 5(a)(vi) of the Agreement). In addition to (and not in lieu of) the events for which the Executive may terminate the Agreement for “good reason” under Section 5(a)(vi) thereof, the Executive may additionally terminate the Agreement at any time upon written notice to Anworth upon the occurrence of a Change of Control of Anworth, as defined in Exhibit A attached hereto.
