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 "Good Reason" as reasonably determined by the Chief Executive Officer.

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.

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 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.
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 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.
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, 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.

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 Executive Vice President and (after April 1, 2004) Chief Financial Officer or (iii) the requirement by the Board of Managers of the Company that the Executive relocate his residence from the Detroit, 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.

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 Holdings, 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.

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.