Good Reason Separation definition

Good Reason Separation means the Executive's voluntary Separation from Service within two years after the occurrence without the Executive's consent of one or more of the following events:
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Good Reason Separation means the voluntary Separation from Service by a Participant on account of a Good Reason event that has occurred within the time parameters, and with respect to which the Participant has complied with the procedures, described in this paragraph. In order for a Participant’s resignation to constitute a Good Reason Separation, the Participant must provide the Participant’s Employer with a “Notice of Resignation for Good Reason and Demand for Cure” (a “Notice of Resignation”) within thirty (30) days after Participant is informed by the Employer, or otherwise learns, that an event of Good Reason has occurred. If the Employer does not cure the circumstances constituting Good Reason within thirty (30) days following the receipt of Participant’s Notice of Resignation (the “Cure Period”) then Participant’s resignation will be effective the day immediately following the last day of the Cure Period. If a Participant fails to timely provide the Employer with a Notice of Resignation with respect to an event, or if the Employer timely cures the Good Reason event identified in the Notice of Resignation, such event shall not provide the basis for any Good Reason Separation.
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Good Reason Separation means the Executive’s voluntary Separation from Service within one year after the occurrence without the Executive’s prior written consent of one or more of the following events:
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Examples of Good Reason Separation in a sentence

  • By the Executive’s own election for any reason during the Window Period; provided, in the case of a Without Cause Separation or a Good Reason Separation, that such separation occurs within thirty-six months after a Change of Control; and provided, further, that in no event shall a separation as a consequence of an Executive’s death, disability, or Retirement (as defined in the next sentence) entitle the Executive to benefits under this Plan.


More Definitions of Good Reason Separation

Good Reason Separation means an Eligible Employee’s Separation from Service during the Effective Period and following the initial existence of one or more of the following conditions arising without the Eligible Employee’s consent.”
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Related to Good Reason Separation

  • 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 the Executive’s 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.

  • Good Reason means:

  • Constructive Termination means:

  • 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.

  • 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.

  • Voluntary Termination means the termination by Executive of Executive's employment following a Change in Control which is not the result of any of clauses (i) through (v) set forth in the definition of Involuntary Termination above.

  • Resignation for Good Reason means Executive’s resignation from all employee positions Executive then holds with the Company within sixty (60) days following any of the following events taken without Executive’s consent, provided Executive has given the Company written notice of such event within thirty (30) days after the first occurrence of such event and the Company has not cured such event within thirty (30) days thereafter:

  • Qualifying Termination means a termination of Executive’s employment (i) by the Company other than for Cause or (ii) by Executive for Good Reason. Termination of Executive’s employment on account of death, Disability or Retirement shall not be treated as a Qualifying Termination.

  • Just Cause means:

  • Active Employment means you must be actively at work for the Sponsor:

  • CIC Qualifying Termination means a Separation (A) within twelve (12) months following a Change in Control or (B) within three (3) months preceding a Change in Control (but as to part (B), only if the Separation occurs after a Potential Change in Control) resulting, in either case (A) or (B), from (i) the Company terminating the Executive’s employment for any reason other than Cause or (ii) the Executive resigning his or her employment for Good Reason. A termination or resignation due to the Executive’s death or disability shall not constitute a CIC Qualifying Termination. A “Potential Change in Control” means the date of execution of a legally binding and definitive agreement for a corporate transaction which, if consummated, would constitute the applicable Change in Control (which for the avoidance of doubt, would include, for example, a merger agreement, but not a term sheet for a merger agreement). In the case of a termination following a Potential Change in Control and before a Change in Control, solely for purposes of benefits under this Agreement, the date of Separation will be deemed the date the Change in Control is consummated.

  • Change in Control Period means the time period commencing three (3) months before the effective date of a Change in Control and ending on the date that is twelve (12) months after the effective date of a Change in Control.