Voluntary Termination by You. You may terminate your employment hereunder with or without Good Reason at any time upon written notice to the Company. For purposes of this Agreement, you shall be treated as having resigned for Good Reason if and only if you resign as a result of the occurrence of one or more of the following events during a Change in Control Period:
(i) a diminution in your Base Salary of ten percent (10%) or more, except in connection with a comprehensive reduction of the Company’s executive officers’ Base Salary;
(ii) a material diminution in your authority, duties, or responsibilities, which by way of illustration may include revised reporting relationships, reduced budget, direct or indirect reports to you, or reduced scope of authority in comparison to any of those factors as they existed immediately prior to the relevant Change in Control;
(iii) a material adverse change in the geographic location of the facility at which you are based for the performance of services under this Agreement of more than 20 miles from the facility where you were based immediately before such change, unless such new location is 50 miles or less from your principal place of residence as of the date of such change; or
(iv) any other action or inaction that constitutes a material breach by the Company of this Agreement. Notwithstanding the foregoing, you shall not be treated as having resigned for Good Reason unless you notify the Company in writing of the event constituting Good Reason not more than thirty (30) days after you know, or with the exercise or reasonable diligence would have known, of the occurrence of such event, the Company fails within thirty (30) days after receipt of such notice to cure such event and return you to the position you would have been in had the event not occurred, and you resign after the end of such thirty (30) days period, but in no event more than five (5) days after the expiration of the Company’s cure period; provided, however, that in no event shall your failure to notify the Company of the occurrence of any event constituting Good Reason, or to resign as a result of such event, be construed as a consent to the occurrence of future events, whether or not similar to the initial occurrence, or a waiver of your right to resign for Good Reason as a result thereof.
Voluntary Termination by You. In the event that you voluntarily terminate employment other than for Good Reason, the Company shall pay the following amounts to you:
(i) Accrued Compensation; and
Voluntary Termination by You. You may terminate your employment under this Agreement for a reason other than Retirement (as defined in subparagraph (c), below) or Good Reason (as defined in subparagraph (d), below) by giving the CEO, at least 30 calendar days’ (exclusive of vacation days) in advance of such termination, written notice of your intent to so terminate. The termination shall automatically become effective upon the expiration of such notice period. Upon the effective date of such termination, your base salary and any other Company benefits and perquisites shall cease to accrue, you shall forfeit all then-outstanding stock options, and you shall forfeit all rights under this Agreement which as of the relevant date have not yet been earned. A termination of employment in accordance with this subparagraph (a) shall be deemed a “Voluntary Termination.”
Voluntary Termination by You. You may terminate this Agreement at your election upon not less than 30 days prior written notice to the Company.
Voluntary Termination by You. You may give notice to Garan terminating your employment pursuant to this Section 3.6 at any time. Such termination of employment shall be effective on a date set by you but not later than 30 days after you give notice of termination to Garan. In the event of such voluntary termination, Garan shall pay to you (a) any earned but unpaid Base Compensation and executive employee benefits provided pursuant to Section 2.2 as of the date of termination, within 5 business days of such date, (b) any unpaid Annual Bonus determined by the Board in accordance with Section 2.1 prior to your termination, within 5 business days of such date, and (c) in the event that Garan pays a bonus to any senior executive with respect to the Fiscal Year during which such termination occurs, a fractional part of your last Annual Bonus determined by the Board in accordance with Section 2.1, equal to the number of months in the Fiscal Year in which such termination occurred to and including the month of your termination divided by 12, payable at the same time such bonus is paid to any senior executive. In addition, Garan shall use its best efforts to provide to you and your dependents until your death major medical health insurance coverage substantially similar to the coverage it presently provides to its retired officers or directors who have completed 15 years or more of service.
Voluntary Termination by You. You may terminate your employment under this Agreement at any time by giving the CEO written notice of intent to terminate, delivered at least 30 calendar days before the effective date of such termination (such period not to include vacation). The termination will automatically become effective upon the expiration of the 30-day notice period. You must continue in the active employ of Genuity during this 30-day notice period. Upon the effective date of such termination, your base salary and any other Genuity benefits will cease to accrue, and you will forfeit all rights under this Agreement which as of the relevant date have not yet been earned under this Agreement. A termination of employment in accordance with this Section ("Voluntary Termination by You"), including retirement, will be deemed a "Voluntary Termination."
Voluntary Termination by You. You may terminate this Agreement upon 30 days’ written notice if you provide us with such written notice within 30 days of receiving information requested under Tex. Ins. Code chpt. 843.321, as described in section 7 above. You agree to cooperate with us to give enrollees the notice described in (c) above.
Voluntary Termination by You. You will be able to voluntarily terminate your employment and this Agreement at any time, provided that you must give Catuity at least six months advance written notice. Upon your voluntary termination, you will be entitled to receive cash and other compensation, which has accrued through the date of termination.
Voluntary Termination by You. You may voluntarily terminate your employment with the Bank at any time for Good Reason or without Good Reason. "Good Reason" means (i) a material breach of the Bank's obligations under this Letter Agreement, or (ii) a request by the Bank or any of its affiliates that you relocate more than 30 miles from the your current work location on the date of the Merger, and which relocation you refuse.
Voluntary Termination by You. You may terminate your employment under this Agreement for a reason other than Retirement (as defined in subparagraph (c), below) at any time by giving the Chairman written notice of intent to terminate, delivered at least 30 calendar days before the effective date of such termination (such period not to include vacation). The termination shall automatically become effective upon the expiration of the 30-day notice period. Upon the effective date of such termination, your base salary and any other Company benefits and perquisites shall cease to accrue, you shall forfeit all then-outstanding stock options, and you shall forfeit all rights under this Agreement which as of the relevant date have not yet been earned; provided that you shall otherwise be eligible to receive any and all compensation and benefits for which a similarly situated senior executive would be eligible under the applicable provisions of the compensation and benefit plans in which he is then eligible to participate, as those plans may be amended from time to time. A termination of employment in accordance with this subparagraph (a) shall be deemed a "Voluntary Termination."
