Good Reasons means an impairment of the Employee's health to an extent that it makes continued performance of his duties hereunder hazardous to his physical or mental health.
Good Reasons means the termination by the Executive Participant of his employment if there is: (a) a material reduction by the Corporation in his salary or remuneration (other than a proportional decrease applicable to all Executive Participants); (b) the failure of the Corporation to pay the Executive Participant any portion of his salary or remuneration at the time such payment is due, which breach is not cured within 30 days after such Executive Participant provides written notice to the Corporation thereof; or (c) a material unilateral reduction in the responsibilities or duties of such Executive Participant;
Examples of Good Reasons in a sentence
Failure of the Company to obtain such assumption and agreement prior to the effectiveness of any such succession shall be a breach of this Agreement and shall entitle the Executive to compensation from the Company in the same amount and on the same terms as he would be entitled to hereunder if he terminated his employment for Good Reasons, except that for purposes of implementing the foregoing, the date on which any such succession becomes effective shall be deemed the Date of Termination.
If the Company shall take the necessary steps to remedy the condition constituting Good Reason(s) for termination within 30 days after the receipt of such notice, then a reason for termination for Good Reason shall be deemed not to have occurred.
Good Reasons Sell: Reason-Based Choice among Group and Individual Investors in the Stock Market.
The Employee shall give notice to the Company that the Employee intends to resign for one of the Good Reasons listed above, detailing such Good Reason with specificity.
Executive may terminate his employment with the Company (1) for Good Reason within sixty (60) consecutive days following the occurrence of an event or events constituting such Good Reasons; or (2) for the convenience of Executive.
More Definitions of Good Reasons
Good Reasons means a termination of employment following: (a) a Deemed Demotion which results without the Employee's express written consent and which continues, for a period of twenty (20) days after written notice thereof to the Company from the Employee with a "Deemed Demotion" being defined as (i) the assignment to the Employee of any duties, or any limitation of the Employee's responsibilities, inconsistent with the Employee's positions, duties, responsibilities and status with the Company immediately prior to the date of the Change of Control Event, or (ii) a removal of the Employee from the Employee's position with the Company held by the Employee in contemplation of a Change of Control Event, except in connection with the termination of the employment of the Employee by the Company for Cause or as a result of the death or Permanent Disability of the Employee; (b) any failure by the Company to pay, or any reduction by the Company of, the Employee's base annual salary or bonus compensation in effect immediately prior to the date of the Change of Control Event; (c) any failure by the Company to (i) continue to provide the Employee with the opportunity to participate, on terms no less favorable than those in effect immediately prior to the date of the Change of Control Event, in any benefit plans and programs, including, but not limited to, the Company's life, disability, health, dental, medical, bonus savings and retirement plans in which the Employee was participating immediately prior to the date of the Change of Control Event, or their equivalent, or (ii) provide the Employee with all other fringe benefits (or their equivalent) from time to time in effect for the benefit of any executive, management or administrative group which customarily includes a person holding the employment position with the Company then held by the Employee; (d) without the Employee's express written consent, the relocation of the principal place of the Employee's employment to a location that is more than 20 miles further from the Employee's principal residence than such principal place of employment immediately prior to the date of the Change of Control Event, or the imposition of travel requirements on the Employee not substantially consistent with normal day-to-day travel requirements existing immediately prior to the date of the Change of Control Event and/or (e) a good faith determination by the Employee, in his sole judgment, that the continuation of the Employee's employment wit...
Good Reasons means (i) failure by the Company to maintain Executive in the positions described in Section 2 or assignment to Executive of duties materially inconsistent with such positions, (ii) failure by the Company to provide Executive with the compensation and benefits described in Section 3, or (iii) relocation of Executive's principal place of work to a location more than 50 miles from the previous location.
Good Reasons and "Cause" shall have the applicable defined meaning as set forth above in this Section 3.01. No termination of Executive's employment shall require that Executive resign any other position (including as Director or Chairman) he may then be holding with the Company; provided, however, that (i) if Executive's employment hereunder is terminated for Cause under the above provisions, Executive shall resign forthwith from all positions he may then be holding with the Company, if requested to do so by the Board, and (ii) if Executive terminates his employment hereunder other than for Good Reason, Executive shall resign forthwith from all such positions, if requested to do so by the Board, except for any position to which he has been elected by the shareholders of the Company (such as Director).
Good Reasons means in the absence of a written consent of the Executive:
Good Reasons death, extended disability, uninsurable, criminal conviction, etc.
Good Reasons means a resignation by the Executive of his employment with the Corporation or its direct or indirect subsidiary after the occurrence of any of the following events:
Good Reasons shall have the meaning set forth in paragraph 5 hereinafter.