Common use of The Employee’s Right to Terminate Clause in Contracts

The Employee’s Right to Terminate. The Employee may terminate his obligations under this Agreement during the Term: 4.3.1.1 at any time upon providing six weeks notice in writing to the Company; or 4.3.1.2 upon a material breach or default of any term of this Agreement by the Company, including any reduction in salary, if such material breach or default has not been remedied within 15 days after written notice of the material breach or default has been delivered by the Employee to the Company, or 4.3.1.3 for "Good Reason" during the Initial Term or during any one year period immediately after a Change of Control. "Good Reason" shall mean any of the following, without the Employee's written consent: (a) Employee ceases to report directly to the Vice President, Business Development of the Company, or (b) any other material reduction in the Employee's duties, position, authority or responsibilities with the Company relative to the duties, position, authority or responsibilities in effect immediately prior to such reduction; provided that Company has not cured or remedied such Good Reason within 15 days after written notice of the Good Reason from the Employee.

The Employee’s Right to Terminate. The Employee may terminate his obligations under this Agreement during the Term: 4.3.1.1 at any time upon providing six weeks notice in writing to the Company; or 4.3.1.2 upon a material breach or default of any term of this Agreement by the Company, including any reduction in salary, if such material breach or default has not been remedied within 15 days after written notice of the material breach or default has been delivered by the Employee to the Company, or 4.3.1.3 for "Good Reason" during the Initial Term or during any one year period immediately after a Change of Control. "Good Reason" shall mean any of the following, without the Employee's written consent: (a) Employee ceases to report directly to the Vice President, Business Development Board of Directors of the Company, or (b) any other material reduction in the Employee's duties, position, authority authority, title or responsibilities with the Company relative to the duties, position, authority or responsibilities in effect immediately prior to such reduction; provided that Company has not cured or remedied such Good Reason within 15 days after written notice of the Good Reason from the Employee.

The Employee’s Right to Terminate. The Employee may terminate his obligations under this Agreement during the Term: 4.3.1.1 at any time upon providing six weeks notice in writing to the Company; or 4.3.1.2 upon a material breach or default of any term of this Agreement by the Company, including any reduction in salary, if such material breach or default has not been remedied within 15 days after written notice of the material breach or default has been delivered by the Employee to the Company, or 4.3.1.3 for "Good Reason" during the Initial Term or during any one year period immediately after a Change of Control. "Good Reason" shall mean any of the following, without the Employee's written consent: (a) Employee ceases to report directly to the Vice President, Business Development Chief Financial Officer of the Company, or (b) any other material reduction in the Employee's duties, position, authority or responsibilities with the Company relative to the duties, position, authority or responsibilities in effect immediately prior to such reduction; provided that Company has not cured or remedied such Good Reason within 15 days after written notice of the Good Reason from the Employee.

The Employee’s Right to Terminate. The Employee may terminate his obligations under this Agreement during the Term: 4.3.1.1 at any time upon providing six weeks notice in writing to the Company; or 4.3.1.2 upon a material breach or default of any term of this Agreement by the Company, including any reduction in salary, if such material breach or default has not been remedied within 15 days after written notice of the material breach or default has been delivered by the Employee to the Company, or 4.3.1.3 for "Good Reason" during the Initial Term or during any one year period immediately after a Change of Control. "Good Reason" shall mean any of the following, without the Employee's written consent: (a) Employee ceases to report directly to the Vice President, Business Development Board of Directors of the Company, or (b) any other material reduction in the Employee's duties, position, authority authority, title or responsibilities with the Company relative to the duties, position, authority or responsibilities in effect immediately prior to such reduction; provided that Company has not cured or remedied such Good Reason within 15 days after written notice of the Good Reason from the Employee., or