Common use of VOLUNTARY TERMINATION BY THE EXECUTIVE WITH GOOD REASON Clause in Contracts

VOLUNTARY TERMINATION BY THE EXECUTIVE WITH GOOD REASON. In the event the Executive terminates his employment within the Protection Period with Good Reason, the Executive will be entitled to receive the Severance Benefits set forth in Section 4 hereof. In order to terminate employment in accordance with this Section 2.2, an Executive must give sixty (60) days advance written notice of his impending termination of employment to the Company, specify the reason for such termination in such notice and provide the Company with an opportunity to correct the situation which he feels necessitates his termination of employment with Good Reason under this Section 2.2.

Appears in 3 contracts

Samples: Special Separation Agreement (National Bancshares Corp /Oh/), Special Separation Agreement (National Bancshares Corp /Oh/), Special Separation Agreement (National Bancshares Corp /Oh/)

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VOLUNTARY TERMINATION BY THE EXECUTIVE WITH GOOD REASON. In the event that the Executive terminates his employment within the Protection Period with Good ReasonReason as defined below in this Section 4.4, the Executive will be entitled to receive the Severance Benefits set forth in Section 4 4.7 hereof and, if he qualifies therefor, the Severance Pay set forth in Section 4.8 hereof. In order to terminate employment in accordance with For purposes of this Section 2.2Agreement, an Executive must give sixty (60) days advance written notice of shall be deemed to have terminated his impending termination of employment to the Company, specify the reason for such termination in such notice and provide the Company with an opportunity to correct the situation which he feels necessitates "Good Reason" if his termination of employment with Good Reason under this Section 2.2.occurs:

Appears in 3 contracts

Samples: Management Agreement (Scott Technologies Inc), Management Agreement (Scott Technologies Inc), Management Agreement (Scott Technologies Inc)

VOLUNTARY TERMINATION BY THE EXECUTIVE WITH GOOD REASON. In the event that the Executive terminates his employment within the Protection Period with Good ReasonReason as defined below in this Section 3.4, the Executive will be entitled to receive the Severance Benefits set forth in Section 4 3.7 hereof and, if he qualifies therefor, the Severance Pay set forth in Section 3.8 hereof. In order to terminate employment in accordance with For purposes of this Section 2.2Agreement, an Executive must give sixty (60) days advance written notice of shall be deemed to have terminated his impending termination of employment to the Company, specify the reason for such termination in such notice and provide the Company with an opportunity to correct the situation which he feels necessitates his termination of employment with Good Reason under this Section 2.2.employment

Appears in 2 contracts

Samples: Management Agreement (Figgie International Inc /De/), Management Agreement (Figgie International Inc /De/)

VOLUNTARY TERMINATION BY THE EXECUTIVE WITH GOOD REASON. In the event the Executive terminates his employment within the Protection Period with Good Reason, the Executive will be entitled to receive the Severance Benefits set forth in Section 4 hereof. In order to terminate employment in accordance with this Section 2.2, an Executive must give sixty (60) days advance written notice of his impending termination of employment to the Company, specify the reason for such termination in such notice and provide the Company with an opportunity to correct the situation which he feels necessitates his termination of employment with Good Reason under this Section 2.2.this

Appears in 1 contract

Samples: Special Separation Agreement (National Bancshares Corp /Oh/)

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VOLUNTARY TERMINATION BY THE EXECUTIVE WITH GOOD REASON. In the event that the Executive terminates his her employment within the Protection Period with Good ReasonReason as defined below in this Section 4.4, the Executive will be entitled to receive the Severance Benefits set forth in Section 4 4.7 hereof and, if she qualifies therefor, the Severance Pay set forth in Section 4.8 hereof. In order to terminate employment in accordance with For purposes of this Section 2.2Agreement, an Executive must give sixty (60) days advance written notice of his impending shall be deemed to have terminated her employment for "Good Reason" if her termination of employment to the Company, specify the reason for such termination in such notice and provide the Company with an opportunity to correct the situation which he feels necessitates his termination of employment with Good Reason under this Section 2.2.occurs:

Appears in 1 contract

Samples: Management Agreement (Scott Technologies Inc)

VOLUNTARY TERMINATION BY THE EXECUTIVE WITH GOOD REASON. In the event that the Executive terminates his employment within the Protection Period with Good ReasonReason as defined below in this Section 3.4, the Executive will be entitled to receive the Severance Benefits set forth in Section 4 3.7 hereof and, if he qualifies therefor, the Severance Pay set forth in Section 3.8 hereof. In order to terminate employment in accordance with For purposes of this Section 2.2Agreement, an Executive must give shall be deemed to have terminated his employment for >Good Reason' if his termination of employment occurs prior to January 1, 1999 and he gives the Company advance written notice of his termination of employment at least sixty (60) days advance written notice of his impending termination of employment prior to the Company, specify the reason for such termination in such notice and provide the Company with an opportunity to correct the situation which he feels necessitates his termination of employment with Good Reason under this Section 2.2and, in any event, by October 31, 1998."

Appears in 1 contract

Samples: Management Agreement (Scott Technologies Inc)

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