Common use of Voluntary Termination Deemed Good Reason Clause in Contracts

Voluntary Termination Deemed Good Reason. Notwithstanding anything herein to the contrary, during the period commencing on the 30th day following a Change in Control (whether Friendly or Unfriendly) and ending on the 180th day following a Change in Control, Executive may voluntarily terminate his employment for any reason, and such termination shall be deemed "Good Reason" for all purposes of this Agreement.

Appears in 14 contracts

Samples: Change in Control Agreement (MTS Systems Corp), Change in Control Agreement (MTS Systems Corp), Control Agreement (MTS Systems Corp)

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Voluntary Termination Deemed Good Reason. Notwithstanding anything herein to the contraryIf an Unapproved Change in Control occurs, Executive may voluntarily terminate his employment for any reason during the period commencing on the 30th 91st day following a Change in Control (whether Friendly or Unfriendly) and ending on the 180th day following a Change in Control, Executive may voluntarily terminate his employment for any reason, and . Any such termination shall be deemed "Good Reason" for all purposes of this Agreement.

Appears in 2 contracts

Samples: Control) Agreement (Wsi Industries Inc), Control) Agreement (Wsi Industries Inc)

Voluntary Termination Deemed Good Reason. Notwithstanding anything herein to the contrary, Executive may voluntarily terminate his employment for any reason during the period commencing on the 30th first anniversary of the Change in Control and ending 30 days thereafter. If an Unapproved Change in Control occurs, Executive may, in addition to the opportunity provided in the preceding sentence, voluntarily terminate his employment for any reason during the period commencing on the 91st day following a Change in Control (whether Friendly or Unfriendly) and ending on the 180th day following a Change in Control, Executive may voluntarily terminate his employment for any reason, and . Any such termination shall be deemed "Good Reason" for all purposes of this Agreement.

Appears in 2 contracts

Samples: Control) Agreement (Sheldahl Inc), Control) Agreement (Sheldahl Inc)

Voluntary Termination Deemed Good Reason. Notwithstanding anything herein to the contrary, during the period commencing on the 30th day following a Change in Control (whether Friendly or Unfriendly) and ending on the 180th day following a Change in Control, Executive may voluntarily terminate his or her employment for any reason, and such termination shall be deemed "Good Reason" for all purposes of this Agreement.

Appears in 1 contract

Samples: Change in Control Agreement (MTS Systems Corp)

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Voluntary Termination Deemed Good Reason. Notwithstanding anything herein to the contraryIf an Unapproved Change in Control occurs, Executive may voluntarily terminate his employment for any reason during the period commencing on the 30th 91st day following a Change in Control (whether Friendly or Unfriendly) and ending on the 180th day following a Change in Control, Executive may voluntarily terminate his employment for any reason, and . Any such termination shall be deemed "β€œGood Reason" ” for all purposes of this Agreement.

Appears in 1 contract

Samples: Control) Agreement (Wsi Industries, Inc.)

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