Employee Good Reason definition

Employee Good Reason means, without the consent of the Purchaser (a) a reduction in base salary or any agreed upon benefit provided to the Purchaser; provided that the Company or any of its Subsidiaries may at any time or from time to time amend, modify, suspend or terminate any bonus, incentive compensation or other benefit plan or program (in each case, other than base salary) provided to the Purchaser for any reason and without the Purchaser’s consent if such modification, suspension or termination is consistent with modifications, suspensions or terminations for other employees of the Company or any of its Subsidiaries that are on a level comparable to the Purchaser, (b) a material reduction in the Purchaser’s responsibilities or duties (other than a change in the number or identity of persons reporting to the Purchaser) or the title of the Purchaser or (c) the requirement by the Board of the Company or any of its Subsidiaries (or any comparable governing body) that the Purchaser relocate and perform his duties outside of 50 miles from his principal place of employment prior to the relocation; provided, that, the Company shall have thirty (30) days after receipt of notice from the Purchaser to cure the deficiency resulting in the termination with Employee Good Reason. Notwithstanding the foregoing, to the extent that the Purchaser is subject to an employment agreement with the Company and/or one of its Subsidiaries that contains a definition of good reason or employee good reason, “Employee Good Reason” under this Agreement shall be as defined in such employment agreement.
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Employee Good Reason means, without the consent of the Executive (i) a reduction in Base Salary or any agreed upon benefit under this Agreement; provided that the Company may at any time or from time to time amend, modify, suspend or terminate any bonus, incentive compensation or other benefit plan or program (in each case, other than Base Salary) provided to the Executive for any reason and without the Executive's consent if such modification, suspension or termination is consistent with modifications, suspensions or terminations for other senior executive employees of the Company, (ii) a material reduction in the Executive's responsibilities or duties (other than a change in the number or identity of persons reporting to the Executive) or the title of the Executive as President and Chief Executive Officer of CHAAS Acquisitions, LLC or (iii) the requirement by the Board of Managers of the Company that the Executive relocate his residence from the Sterling Heights, Michigan area; PROVIDED, that, the Company shall have thirty (30) days after receipt of notice from the Executive pursuant to this Section 4.6 to cure the deficiency resulting in the termination with Employee Good Reason.
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Employee Good Reason means "Good Reason" as reasonably determined by the Chief Executive Officer.
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Examples of Employee Good Reason in a sentence

  • Employee may terminate this Agreement and Voluntarily Terminate his employment with Employer with Good Reason upon thirty (30) days' prior written notice to Employer, provided that Employer does not correct the circumstances giving Employee Good Reason during such thirty (30) day period.

  • Any assignment of any Class D Units to any Other Employee shall automatically terminate (and the right to Class D Units shall be automatically assigned to the Company without any consideration) at the time any such Other Employee to whom such an assignment has been made ceases to be an employee of the Company or its Subsidiary as a result of such Other Employee's termination for Employee Cause by the Company or its Subsidiary or by such Other Employee without Employee Good Reason.

  • In the event that the Company terminates the Executive's employment without Cause or the Executive terminates his employment with Employee Good Reason within six (6) months after the Effective Date of this Agreement, the applicable periods in Section 4.5(a)(i) and (a)(iii) and Section 4.6(a)(i) and (a)(iii) shall be increased by six (6) months.

  • For clarity, the expiration of the Term as set forth in Section 4.01(A) shall not constitute a termination by Employer other than for Cause or give Employee Good Reason to terminate his employment.

  • Employee may terminate this Agreement and Voluntarily Terminate his employment with the Company with Good Reason upon thirty (30) days' prior written notice to the Company, provided that the Company does not correct the circumstances giving Employee Good Reason during such thirty (30) day period.

  • Employee may terminate this Agreement and Voluntarily Terminate her employment with Employer with Good Reason upon thirty (30) days' prior written notice to Employer, provided that Employer does not correct the circumstances giving Employee Good Reason during such thirty (30) day period.

  • Should Employee fail to provide twenty (20) days written notice of Good Reason and/or should the Company correct the circumstances within ten (10) days after receiving written notice from the Employee, Good Reason for Employee's resignation shall cease to exist.

  • Employee hereby acknowledges that the Company shall not be in breach of this Agreement by terminating this Agreement at any time without "Cause," or by giving Employee "Good Reason" to terminate this Agreement, provided that, after such termination, the Company pays the consulting fee set forth in Section 3(c) in accordance with the terms of this Agreement.

  • The Executive resigned his position without "Employee Good Reason," as defined in the Employment Agreement, as of the Separation Date.


More Definitions of Employee Good Reason

Employee Good Reason means, with respect to any employee of the Company or its Subsidiaries, "Good Reason" as such term is defined in any then-effective employment agreement of such employee with the Company or its Subsidiary, provided that in the event "Good Reason" is not defined in such employment agreement or such employee does not have such an employment agreement, "Employee Good Reason" shall mean "Good Reason" as reasonably determined by the Chief Executive Officer.
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Employee Good Reason means, without the consent of the Optionholder (a) a reduction in base salary or any agreed upon benefit provided to the Optionholder; provided that the Parent or any of its Subsidiaries may at any time or from time to time amend, modify, suspend or terminate any bonus, incentive compensation or other benefit plan or program (in each case, other than base salary) provided to the Optionholder for any reason and without the Optionholder's consent if such modification, suspension or termination is consistent with modifications, suspensions or terminations for other employees of the Parent or any of its Subsidiaries that are on a level comparable to the Optionholder, (b) a material reduction in the Optionholder's responsibilities or duties (other than a change in the number or identity of persons reporting to the Optionholder) or the title of the Optionholder or (c) the requirement by the Board of Managers of the Parent or any of its Subsidiaries (or any comparable governing body) that the Optionholder relocate his residence from the Staphorst, Holland area; PROVIDED, that, the Parent shall have thirty (30) days after receipt of notice from the Optionholder to cure the deficiency resulting in the termination with Employee Good Reason. Notwithstanding the foregoing, to the extent that the Optionholder is subject to an employment agreement with the Parent and/or one of its Subsidiaries that contains a definition of good reason or employee good reason, "Employee Good Reason" under this Agreement shall be as defined in such employment agreement.
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Employee Good Reason means, without the consent of the Executive (i) a reduction in Base Salary or any agreed upon benefit under this Agreement; provided that the Company may at any time or from time to time amend, modify, suspend or terminate any bonus, incentive compensation or other benefit plan or program (in each case, other than Base Salary) provided to the Executive for any reason and without the Executive's consent if such modification, suspension or termination is consistent with modifications, suspensions or terminations for other senior executive employees of the Company, (ii) a material reduction in the Executive's responsibilities or duties (other than a change in the number or identity of persons reporting to the Executive) or the title of the Executive as President, Aftermarket Operations of Valley Industries, LLC or (iii) the requirement by the Board of Managers of the Company that the Executive relocate his residence from the Lodi, California area; PROVIDED, that, the Company shall have thirty (30) days after receipt of notice from the Executive pursuant to this Section 4.6 to cure the deficiency resulting in the termination with Employee Good Reason.
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Related to Employee Good Reason

  • For Good Reason as defined in Section 6.4.

  • Good Reason means:

  • Voluntary Termination for Good Reason means the Employee voluntarily resigns after the occurrence of any of the following (i) without the Employee’s express written consent, a material reduction of the Employee’s duties, title, authority or responsibilities, relative to the Employee’s duties, title, authority or responsibilities as in effect immediately prior to such reduction, or the assignment to Employee of such reduced duties, title, authority or responsibilities; provided, however, that a reduction in duties, title, authority or responsibilities solely by virtue of the Company being acquired and made part of a larger entity (as, for example, when the Senior Vice-President of a business unit of the Company remains as such following a Change of Control) shall not by itself constitute grounds for a “Voluntary Termination for Good Reason;” (ii) without the Employee’s express written consent, a material reduction, without good business reasons, of the facilities and perquisites (including office space and location) available to the Employee immediately prior to such reduction; (iii) a reduction by the Company in the base salary of the Employee as in effect immediately prior to such reduction; (iv) a material reduction by the Company in the aggregate level of employee benefits, including bonuses, to which the Employee was entitled immediately prior to such reduction with the result that the Employee’s aggregate benefits package is materially reduced (other than a reduction that generally applies to Company employees); (v) the relocation of the Employee to a facility or a location more than thirty-five (35) miles from the Employee’s then present location, without the Employee’s express written consent; (vi) the failure of the Company to obtain the assumption of this agreement by any successors contemplated in Section 7(a) below; or (vii) any act or set of facts or circumstances which would, under California case law or statute constitute a constructive termination of the Employee.

  • Termination for Good Reason means a Termination of Employment by Executive for a Good Reason.

  • Good Reason Termination means a termination of employment or service initiated by the Participant upon or after a Change of Control upon one or more of the following events:

  • Without Good Reason means termination of Executive’s employment by Executive other than For Good Reason pursuant to SECTION 3.2(b) below.

  • Qualifying Termination of Employment means a Participant’s Termination of Employment (i) by the Company without Cause or (ii) by the Participant with or without Good Reason or by reason of Retirement.

  • Resignation for Good Reason means a Separation as a result of your resignation within 12 months after one of the following conditions has come into existence without your consent:

  • Involuntary Termination of Employment means the Termination of Service by the Company or Subsidiary other than a termination for Cause, or termination of employment by a Participant Employee for Good Reason.

  • Termination of Employment means that the Executive ceases to be employed by the Company for any reason, voluntary or involuntary, other than by reason of a leave of absence approved by the Company.

  • Notice of Termination for Good Reason shall have the meaning set forth in Section 1(t).

  • Good Reason Process means that (i) the Executive reasonably determines in good faith that a “Good Reason” condition has occurred; (ii) the Executive notifies the Company in writing of the first occurrence of the Good Reason condition within 60 days of the first occurrence of such condition; (iii) the Executive cooperates in good faith with the Company’s efforts, for a period not less than 30 days following such notice (the “Cure Period”), to remedy the condition; (iv) notwithstanding such efforts, the Good Reason condition continues to exist; and (v) the Executive terminates his employment within 60 days after the end of the Cure Period. If the Company cures the Good Reason condition during the Cure Period, Good Reason shall be deemed not to have occurred.

  • Nonqualifying Termination means a termination of the Executive’s employment (1) by the Company for Cause, (2) by the Executive for any reason other than a Good Reason, (3) as a result of the Executive’s death or (4) by the Company due to the Executive’s absence from his duties with the Company on a full-time basis for at least 180 consecutive days as a result of the Executive’s incapacity due to physical or mental illness.

  • Good Reason Event means (1) fraud, criminal conduct or willful misconduct by or on the part of the Company, (2) a representation or warranty made by the Company herein proving to be untrue in any material respect, or (3) a default in the due performance or observance by the Company of any covenant or agreement contained in this Agreement and such default continuing unremedied for a period of 30 days after written notice thereof to the Company by the Dealer Manager.

  • Employment Termination means the effective date of: (i) Executive’s voluntary termination of employment with the Company with Good Reason, or (ii) the termination of Executive’s employment by the Company without Good Cause.

  • Self-employment shall be where a Claimant sets up his/her own business and is responsible for paying his/her tax and National Insurance.

  • Qualifying Termination means a termination of the Executive’s employment either (i) by a Company Group member without Cause (excluding by reason of Executive’s death or Disability) or (ii) by the Executive for Good Reason, in either case, during the Change in Control Period (a “Qualifying CIC Termination”) or outside of the Change in Control Period (a “Qualifying Non-CIC Termination”).

  • Involuntary Termination means a termination of your employment with the Company pursuant to either (i) a termination initiated by the Company without Cause, or (ii) your resignation for Good Reason, and provided in either case such termination constitutes a Separation from Service. An Involuntary Termination does not include any other termination of your employment, including a termination due to your death or disability.

  • Constructive Termination means:

  • For Cause means:

  • Voluntary Termination means termination by the Employee of the Employee's employment with the Company, excluding termination by reason of Employee's death or disability as described in Sections 2.5 and 2.6.

  • Involuntary Termination Without Cause means Executive’s dismissal or discharge other than for Cause. The termination of Executive’s employment as a result of Executive’s death or disability will not be deemed to be an Involuntary Termination Without Cause.

  • Constructive Termination Without Cause means a termination of the Executive's employment at his initiative as provided in this Section 10(c) following the occurrence, without the Executive's written consent, of one or more of the following events (except as a result of a prior termination):

  • Without Cause Termination or “Terminated Without Cause” means termination of the Executive’s employment by the Company other than due to death, disability, or Termination for Cause.

  • self-employment route means assistance in pursuing self-employed earner’s employment whilst participating in—

  • CIC Qualifying Termination means, in each case, on or within twenty-four (24) months following a Change in Control, (i) a termination of the Executive’s employment by the Company without Cause, (ii) a termination of the Executive’s employment by reason of death or Disability, or (iii) a termination of the Executive’s employment by the Executive for Good Reason.