Good Reason for Termination definition
Good Reason for Termination means the occurrence of:
Good Reason for Termination means the occurrence of:
(i) without the Executive’s express written consent, following a Change-in-Control the assignment to the Executive of any duties materially and substantially inconsistent with the Executive’s positions, duties, responsibilities and status immediately prior to a Change-in-Control, or a material change in the Executive’s reporting responsibilities, titles or offices as in effect immediately prior to a Change-in-Control, or any removal of the Executive from or any failure to re-elect the Executive to any of such positions except in connection with the termination of the Executive’s employment due to Cause for Termination, Disability or Retirement (as hereinafter defined) or as a result of the Executive’s death;
(ii) a reduction by the Corporation after a Change-in-Control in the Executive’s base salary as in effect immediately prior to any Change-in-Control;
(iii) a failure by the Corporation after a Change-in-Control to continue to provide incentive compensation comparable to that provided to the Executive immediately prior to any Change-in-Control;
(iv) the failure by the Corporation after a Change-in-Control to continue in effect any benefit or compensation plan, stock option plan, pension plan, life insurance plan, health and accident plan or disability plan in which the Executive is participating immediately prior thereto (provided, however, that there shall not be deemed to be any such failure if the Corporation substitutes for the discontinued plan, a plan providing the Executive with substantially similar benefits) or the taking of any action by the Corporation which would adversely affect the Executive’s participation in or materially reduce the Executive’s benefits under any of such plans or deprive the Executive of any material fringe benefit enjoyed by the Executive immediately prior to a Change-in-Control;
(v) the failure of the Corporation to obtain the assumption of this Agreement by any successor as contemplated in Section 10(c) hereof;
(vi) any purported termination of the employment of the Executive by the Corporation following a Change-in-Control which is not (A) due to the Executive’s Disability, Retirement (as hereinafter defined) or in accordance with Section 2 hereof, or (B) effected pursuant to a Notice of Termination satisfying the requirements of subsection 1(h) below; or
(vii) the relocation of the Executive following a Change-in-Control to a facility or a location more than 50 miles from the Employee’s then...
Good Reason for Termination means one or more of the following conditions arising without the consent of the Executive:
(i) a material diminution of the Executive’s base compensation;
(ii) a material diminution in the Executive’s authority, duties or responsibilities;
(iii) a material diminution in the authority, duties or responsibilities of the supervisor to whom the Executive is required to report;
(iv) a material diminution in the budget over which the Executive retains authority, except that this shall not include a reduction in the Corporation’s budget;
(v) a material change in the geographic location at which the Executive must perform the services; or
(vi) any other action or inaction that constitutes a material breach by the Corporation of this Agreement.
Examples of Good Reason for Termination in a sentence
Failure of the Corporation to obtain such agreement prior to the effectiveness of any such succession shall be a breach of this Agreement and shall entitle the Executive to terminate employment due to Good Reason for Termination.
For the Grantee’s Termination of Service to qualify as for Good Reason, the Grantee must notify the Committee in writing within 30 days of the occurrence of the event giving rise to the Good Reason, and the Company must have failed to take corrective action within 30 days after such notice is given to cure the event giving rise to the Good Reason for Termination of Service.
Notwithstanding the foregoing, the Corporation will have 30 days after receiving the Notice of Termination to correct the conditions constituting Good Reason for Termination.
For Grantee’s Termination of Service to qualify as for Good Reason, the Grantee must notify the Committee in writing within 30 days of the occurrence of the event giving rise to the Good Reason, and the Company must have failed to take corrective action within 30 days after such notice is given to cure the event giving rise to the Good Reason for Termination of Service.
In order to receive benefits under this Agreement because of Good Reason for Termination, the Executive must separate from service within two years following the initial existence of the condition or conditions giving rise to the Good Reason for Termination.
More Definitions of Good Reason for Termination
Good Reason for Termination means a material negative change in the Executive's service relationship with the Corporation and any Affiliate (as defined in this Section 1(f) below) of the Corporation, taken as a whole, without Executive's consent, on account of one or more of the following conditions:
(i) A material diminution in Executive's base compensation;
(ii) A material diminution in Executive's authority, duties or responsibilities; or
(iii) A change in the geographic location at which Executive must report to and perform the majority of Executive's services of more than fifty (50) miles.
Good Reason for Termination shall exist if:
Good Reason for Termination means a material negative change in the Executive's service relationship with Black Box and any Affiliate (as defined in this Section 1(f) below) of Black Box, taken as a whole, without Executive's consent, on account of one or more of the following conditions:
(i) A material diminution in Executive's base compensation;
(ii) A material diminution in Executive's authority, duties or responsibilities; or
(iii) A change in the geographic location at which Executive must report to and perform the majority of Executive's services of more than fifty (50) miles. Any concerns?
Good Reason for Termination means a material negative change in the Executive's service relationship with the Corporation and any Affiliate (as defined in this Section 1(f) below) of the Corporation, taken as a whole, without Executive's consent, on account of one or more of the following conditions:
(i) A material diminution in Executive's base compensation;
(ii) A material diminution in Executive's authority, duties or responsibilities; or
(iii) After a Change-in-Control shall have occurred, a change in the geographic location at which Executive must report to and perform the majority of Executive's services of more than fifty (50) miles.
Good Reason for Termination means a material negative change in the Executive's service relationship with the Corporation and any Affiliate (as defined in this Section 1(f) below) of the Corporation, taken as a whole, without Executive's consent, on account of one or more of the following conditions:
(i) A material diminution in Executive’s base compensation;
(ii) A material diminution in Executive’s authority, duties or responsibilities;
(iii) After a Change-in-Control shall have occurred, a change in the geographic location at which Executive must report to and perform the majority of Executive’s services of more than fifty (50) miles;
(iv) A material diminution in the authority, duties or responsibilities of the supervisor to whom Executive is required to report, including a requirement that Executive report to a corporate officer, employee or director instead of reporting directly to the Board of Directors; or
(v) The Corporation’s material breach of Section 10(c).
Good Reason for Termination means the separation from service of the Executive within two years following the initial existence of one or more of the following conditions arising without the consent of the Executive:
(i) a material diminution of the Executive’s base compensation;
(ii) a material diminution in the Executive’s authority, duties or responsibilities;
(iii) a requirement that the Executive report to a corporate officer or employee instead of reporting directly to the Board of Directors;
(iv) a material diminution in the budget over which the Executive retains authority, except that this shall not include a reduction in the Corporation’s budget generally;
(v) a material change in the geographic location at which the Executive must perform the services
(vi) any failure of the Corporation to continue to reimburse the Executive for his reasonable commuting expenses from Fairfax, Virginia, or any requirement that the Executive relocate his personal residence from such location; or
(vii) any other action or inaction that constitutes a material breach by the Corporation of this Agreement.
Good Reason for Termination means a material negative change in the Executive’s service relationship with the Corporation and any Affiliate (as defined in this Section 1(f) below) of the Corporation, taken as a whole, without Executive’s consent, on account of one or more of the following conditions: