Common use of Without Cause; Good Reason Clause in Contracts

Without Cause; Good Reason. (i) The Company may terminate the Executive's employment hereunder without Cause, by giving written Notice of termination to the Executive. (ii) The Executive may terminate his employment hereunder, by giving written Notice of Termination to the Company. For the purposes of this Agreement, the Executive shall have "Good Reason" to terminate his employment hereunder upon (and without the written consent of the Executive) (a) a reduction in the Executive's base salary or benefits received from the Company, other than in connection with an across-the-board reduction in salaries and/or benefits for similarly situated employees of the Company or pursuant to the Company's standard retirement policy; or (b) the relocation of the Executive's full-time office to a location greater than fifty (50) miles from the Company's current corporate office; or (c) a material breach by the Company of this Agreement.

Appears in 7 contracts

Samples: Employment Agreement (Agco Corp /De), Employment Agreement (Agco Corp /De), Employment Agreement (Agco Corp /De)

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Without Cause; Good Reason. (i) The Company may terminate the Executive's ’s employment hereunder without Cause, by giving written Notice of termination to the Executive. (ii) The Executive may terminate his employment hereunder, by giving written Notice of Termination to the Company. For the purposes of this Agreement, the Executive shall have "Good Reason" to terminate his employment hereunder upon (and without the written consent of the Executive) ) (a) a reduction in the Executive's ’s base salary or benefits received from the Company, other than in connection with an across-the-board reduction in salaries and/or benefits for similarly situated employees of the Company or pursuant to the Company's ’s standard retirement policy; or (b) the relocation of the Executive's ’s full-time office to a location greater than fifty (50) miles from the Company's ’s current corporate office; or (c) a material breach by the Company of this Agreement.

Appears in 3 contracts

Samples: Employment Agreement (Agco Corp /De), Employment Agreement (Agco Corp /De), Employment Agreement (Agco Corp /De)

Without Cause; Good Reason. (i) The Company may terminate the Executive's ’s employment hereunder without Cause, by giving written Notice of termination to the Executive. (ii) The Executive may terminate his employment hereunder, by giving written Notice of Termination to the Company. For the purposes of this Agreement, the Executive shall have "Good Reason" to terminate his employment hereunder upon (and without the written consent of the Executive) ) (a) a reduction in the Executive's ’s base salary or benefits received from the Company, other than in connection with an all across-the-board reduction in salaries and/or benefits for similarly situated employees of the Company or pursuant to the Company's ’s standard retirement policy; or (b) the relocation of the Executive's ’s full-time office to a location greater than fifty (50) miles from the Company's ’s current corporate office; or (c) a material breach by the Company of this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Agco Corp /De)

Without Cause; Good Reason. (i) The Company may terminate the Executive's ’s employment hereunder without Cause, by giving written Notice of termination to the Executive. (ii) The Executive may terminate his employment hereunder, by giving written Notice of Termination to the Company. For the purposes of this Agreement, the Executive shall have "Good Reason" to terminate his employment hereunder upon (and without the written consent of the Executive) ) (a) a reduction in the Executive's ’s base salary or benefits received from the Company, other than in connection with an across-the-board reduction in salaries and/or benefits for similarly situated employees of the Company or pursuant to the Company's ’s standard retirement policy; or (b) the relocation of the Executive's ’s full-time office to a location greater than fifty (50) miles from the Company's ’s current corporate office; or (c) a material breach by the Company of this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Agco Corp /De)

Without Cause; Good Reason. (i) The Company may terminate the Executive's ’s employment hereunder without Cause, by giving written Notice of termination to the Executive. (ii) The Executive may terminate his employment hereunder, by giving written Notice of Termination to the Company. For the purposes of this Agreement, Agreement the Executive shall have "Good Reason" to terminate his employment hereunder upon (and without the written consent of the Executive) ) (a) a reduction in the Executive's ’s base salary or benefits received from the Company, other than in connection with an across-the-board reduction in salaries and/or benefits for similarly situated employees of the Company or pursuant to the Company's ’s standard retirement policy; or (b) the relocation of the Executive's ’s full-time office to a location greater than fifty (50) miles from the Company's ’s current corporate office; or (c) a material breach by the Company of this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Agco Corp /De)

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Without Cause; Good Reason. (i) The Company may terminate the Executive's ’s employment hereunder without Cause, by giving written Notice of termination Termination to the Executive. (ii) The Executive may terminate his employment hereunder, by giving written Notice of Termination to the Company. For the purposes of this Agreement, the Executive shall have "Good Reason" to terminate his employment hereunder upon (and without the written consent of the Executive) ) (a) a substantial reduction in the Executive's ’s base salary or benefits received from the Company, other than in connection with an across-the-board reduction in salaries and/or benefits for similarly situated employees of the Company or pursuant to the Company's ’s standard retirement policy; or (b) the relocation of the Executive's ’s full-time office to a location greater than fifty (50) miles from the Company's ’s current corporate office; or (c) a material breach by the Company of this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Agco Corp /De)

Without Cause; Good Reason. (i) The Company may terminate the Executive's employment hereunder without Cause, by giving written Notice of termination to the Executive. (ii) The Executive may terminate his employment hereunder, by giving written Notice of Termination to the Company. For the purposes of this Agreement, the Executive shall have "Good Reason" to terminate his employment hereunder upon (and without the written consent of the Executive) ) (a) a reduction in the Executive's base salary or benefits received from the Company, other than in connection with an across-the-board reduction in salaries and/or benefits for similarly situated employees of the Company or pursuant to the Company's standard retirement policy; or (b) the relocation of the Executive's full-time office to a location greater than fifty (50) miles from the Company's current corporate office; or (c) a material breach by the Company of this Agreement.

Appears in 1 contract

Samples: Annual Report

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