Common use of Termination of Employment for Good Reason Clause in Contracts

Termination of Employment for Good Reason. The Employee may terminate her employment for Good Reason by giving the Company a written notice of termination at least 30 days before the date of such termination specifying in reasonable detail the circumstances constituting such Good Reason. In the event of the Employee's termination of her employment for Good Reason, the Employee shall be entitled to the benefits described in Section 9. For purposes of this Agreement, Good Reason shall mean (i) a significant reduction in the scope of the Employee's authority, position, title, functions, duties or responsibilities from that which is contemplated by this Agreement, (ii) the relocation of the Employee's office location to a location more than 25 miles away from the Employee's principal place of employment on the Effective Date, (iii) any reduction in the Employee's base salary, (iv) a significant change in the Company's annual bonus program adversely affecting the Employee, or (v) a significant reduction in the other employee benefits provided to the Employee. If an event constituting a ground for termination of employment for Good Reason occurs, and the Employee fails to give notice of termination within 3 months after the occurrence of such event, the Employee shall be deemed to have waived her right to terminate employment for Good Reason in connection with such event (but not for any other event for which the 3-month period has not expired).

Termination of Employment for Good Reason. The Employee may ----------------------------------------- terminate her his employment for Good Reason by giving the Company a written notice of termination at least 30 days before the date of such termination specifying in reasonable detail the circumstances constituting such Good Reason. In the event of the Employee's termination of her his employment for Good Reason, the Employee shall be entitled to the benefits described in Section 913. For purposes of this Agreement, Good Reason shall mean (i) a significant reduction in the scope of the Employee's authority, position, title, functions, duties or responsibilities from that which is contemplated by this Agreement, (ii) the relocation of the Employee's office location to a location more than 25 miles away from the Employee's principal place of employment on the Effective DateOctober 27, 1997, (iii) any reduction reduc- tion in the Employee's base salary, (iv) a significant change in the Company's annual bonus program adversely affecting the Employee, or (v) a significant reduction in the other employee benefits provided to the Employee. If an event constituting a ground for termination of employment for Good Reason occurs, and the Employee fails to give notice of termination within 3 months after the occurrence of such event, the Employee shall be deemed to have waived her his right to terminate employment for Good Reason in connection with such event (but not for any other event for which the 3-month period has not expired).

Termination of Employment for Good Reason. The Employee may terminate her his employment for Good Reason by giving the Company a written notice of termination at least 30 days before the date of such termination specifying in reasonable detail the circumstances constituting such Good Reason. In the event of the Employee's termination of her his employment for Good Reason, the Employee shall be entitled to the benefits described in Section 9. For purposes of this Agreement, Good Reason shall mean (i) a significant reduction in the scope of the Employee's authority, position, title, functions, duties or responsibilities from that which is contemplated by this Agreement, (ii) the relocation of the Employee's office location to a location more than 25 miles away from the Employee's principal place of employment on the Effective Date, (iii) any reduction in the Employee's base salary, (iv) a significant change in the Company's annual bonus program adversely affecting the Employee, or (v) a significant reduction in the other employee benefits provided to the Employee. If an event constituting a ground for termination of employment for Good Reason occurs, and the Employee fails to give notice of termination within 3 months after the occurrence of such event, the Employee shall be deemed to have waived her his right to terminate employment for Good Reason in connection with such event (but not for any other event for which the 3-month period has not expired).