Good Reason for Resignation means the occurrence of any of the following:
(i) (A) a change in your status or position with the Company, which in your reasonable judgment does not represent a status or position comparable to your status or position immediately prior to a Change in Control of the Corporation or a promotion from your status or position immediately prior to a Change in Control of the Corporation; or
Good Reason for Resignation means, without your express written consent, any of the following:
Good Reason for Resignation means, without your express written consent, any of the following:
(i) a change in your status or position with the Company which in your reasonable judgment does not represent a promotion from your status or position immediately prior to the Change in Control, or the assignment to you of any duties or responsibilities or diminution of duties or responsibilities which in your reasonable judgment are inconsistent with your status or position with the Company in effect immediately prior to the Change in Control, it being understood that any of the foregoing in connection with termination of your employment due to your death or Total Disability or your Termination for Cause shall not constitute Good Reason for Resignation;
(ii) a reduction by the Company in the annual rate of your base salary as in effect immediately prior to the date of the Change in Control or as the same may be increased from time to time thereafter, unless such reduction is part of a policy, program or arrangement that is applicable on a nondiscriminatory basis to you and other similarly situated executives employed by the Company or its successors;
(iii) the Company relocates your principal office to a location where the distance between your primary residence and your new principal office is more than 50 miles greater than the distance between your primary residence and your principal office location as of the date immediately prior to the Change in Control;
(iv) the failure by the Company to continue in effect compensation or benefit plans in which you participate, which in the aggregate provide you compensation opportunities and benefits at least substantially equivalent to those prior to the Change in Control, but excluding any reduction in compensation opportunities and/or benefits that is part of a policy, program or arrangement that is applicable on a nondiscriminatory basis to you and other similarly situated executives employed by the Company or its successors;
(v) the failure of the Company to obtain a satisfactory agreement from any Successor (as defined in Subsection 4a hereof) to assume and agree to perform this Agreement, as contemplated in Subsection 4a hereof;
(vi) any purported termination of your employment which is not effected pursuant to a Notice of Termination satisfying the requirements hereof; for purposes of this Agreement, no such purported termination shall be effective for any purpose except to constitute a Good Reason for Resignation. Notwithstanding the fore...
Examples of Good Reason for Resignation in a sentence
A Notice of Termination by you shall indicate in reasonable detail the facts and circumstances claimed to provide a basis for a Good Reason for Resignation.
If your employment shall be terminated by the Corporation for Cause or by you other than with Good Reason for Resignation, the Corporation shall pay you your full base salary and accrued vacation pay then in effect through the Date of Termination, at the rate in effect at the time Notice of Termination is given plus any benefits or awards which have been earned or become payable but which have not yet been paid to you.
In the event that you believe that you have a Good Reason for Resignation, you shall notify the Corporation in writing of such fact and the reasons therefore no later than 90 days after the relevant event has occurred.
The Corporation may within thirty (30) days after your notice, elect to take such steps that would be necessary so that you would no longer have a Good Reason for Resignation.
Failure to satisfy the requirements of this Paragraph 9 will result in there not being any Good Reason for Resignation for purposes of this Agreement.
More Definitions of Good Reason for Resignation
Good Reason for Resignation means either the breach by the Company of any of its obligations under this Agreement without Employee’s express written consent or the occurrence of any of the following circumstances without Employee’s express written consent:
(i) a material reduction in Employee’s compensation, under Section 2.1 above (other than a reduction in the same percentage as the reduction in other management employees’ base compensation as part of a Companywide cost reduction program or as a result of any requirement imposed upon the Company or CrossFirst Holdings, LLC by any applicable regulatory authority);
(ii) the failure by the Company to pay to Employee any portion of Employee’s Base Salary within ten (10) days following the date on which such compensation is due;
(iii) the taking of any action by the Company which would directly or indirectly materially reduce any of the life insurance, medical, health and accident, or disability plans in which Employee was participating at the time of this Agreement (other than any such matters implemented by the Company as part of a Company-wide cost reduction program and applicable to all Company management employees); CFB Employment Agreement
(iv) or a material diminution of Employee’s position, authority, duties or responsibilities with the Company that he held immediately prior to Termination. Notwithstanding the foregoing, the Employee will not have Good Reason for Termination, by resignation unless Employee has provided the Company with written notice of the occurrence of any such circumstance within ninety (90) days of its initial existence and the Company does not remedy such circumstance within thirty (30) days of receipt of such notice.
Good Reason for Resignation means either the breach by the Company of any of its obligations under this Agreement without Employee’s express written consent or the occurrence of any of the following circumstances without Employee's express written consent:
Good Reason for Resignation contained in Section 1.c. of the Agreement is hereby deleted and replaced in its entirety to read as follows:
Good Reason for Resignation means, without your express written consent, any of the following:
(i) (A) a change in your status or position with the Company, which in your reasonable judgment does not represent a status or position comparable to your status or position immediately prior a Change in Control of the Corporation or a promotion from your status or position immediately prior to a Change in Control of the Corporation; or
Good Reason for Resignation means the occurrence of any of the following circumstances without the Grantee’s express written consent: (a) a material reduction in the Grantee’s base salary; (b) a material diminution of the Grantee’s authority, duties or responsibility, other than as reasonably agreed upon by Grantee as part of the transition to a new management team in anticipation of the Grantee’s retirement, (c) a material breach by the Company of the employment agreement between the Grantee and the Company with respect to any payment due to the Grantee thereunder; or (d) a material breach by the Company of the employment agreement between the Company and the Grantee with respect to the provisions of life insurance, medical, health and accident, or disability plans in which the Grantee was participating at the time of such employment agreement (other than any such matters implemented by the Company as part of a Company-wide cost reduction program and applicable to all Company management employees). Notwithstanding the foregoing, the Grantee will not have Good Reason for Resignation unless the Grantee has provided the Company with written notice of the occurrence of any such circumstance within ninety (90) days of its initial existence and the Company does not remedy such circumstance within thirty (30) days of the receipt of such notice. Payment of the cash and/or Shares following the Vesting Date shall be made by the Company to the Grantee within the 60 day period following the Vesting Date.
Good Reason for Resignation means the occurrence of any of the following circumstances without the Grantee’s express written consent: (a) a material reduction in the Grantee’s base salary; (b) a material diminution of the Grantee’s authority, duties or responsibility, other than as reasonably agreed upon by Grantee as part of the transition to a new management team in anticipation of the Grantee’s retirement, (c) a material breach by the Company of the employment agreement between the Grantee and the Company with respect to any payment due to the Grantee thereunder; or (d) a material breach by the Company of the employment agreement between the Company and the Grantee with respect to the provisions of life insurance, medical, health and accident, or disability plans in which the Grantee was participating at the time of such employment agreement (other than any such matters implemented by the Company as part of a Company-wide cost reduction program and applicable to all Company management employees). Notwithstanding the foregoing, the Grantee will not have Good Reason for Resignation unless the Grantee has provided the Company with written notice of the occurrence of any such circumstance within ninety (90) days of its initial existence and the Company does not remedy such circumstance within thirty (30) days of the receipt of such notice. Payment of the cash and/or Shares following a Vesting Date (or, in the case of a Grantee who has resigned his or her position as a Service Provider due to Retirement or with Good Reason for Resignation, each original “Vesting Date” listed on the vesting schedule above) shall be made by the Company to the Grantee as soon as administratively practicable, but no later than the 60th day following a Vesting Date (or, in the case of a Grantee who has resigned his or her position as a Service Provider due to Retirement or with Good Reason for Resignation, each original “Vesting Date” listed on the vesting schedule above).
Good Reason for Resignation means the occurrence of any of the following circumstances without Employee’s express written consent: (i) a material reduction in Employee’s Base Salary; (ii) a material diminution in Employee’s authority, duties or responsibility, other than as reasonably agreed upon by Employee as a part of the transition to a new management team in anticipation of Employee’s retirement; (iii) a material breach by the Company of this Agreement with respect to any payment due to Employee hereunder; or (iv) a material breach by the Company of this Agreement with respect to the provision of life insurance, medical, health and accident, or disability plans in which Employee was participating at the time of this Agreement (other than any such matters implemented by the Company as part of a Company-wide cost reduction program and applicable to all Company management employees). Notwithstanding the foregoing, the Employee will not have Good Reason for Termination, by resignation unless Employee has provided the Company with written notice of the occurrence of any such circumstance within ninety (90) days of its initial existence and the Company does not remedy such circumstance within thirty (30) days of receipt of such notice.