Reason definition

Reason means (I) any reduction in EXECUTIVE'S annual or incentive pay or benefits in effect from time to time which is not part of an overall cost reduction or savings plan applicable to all similarly situated EXECUTIVES of the Company, (II) any significant reduction in the nature or status of the EXECUTIVE'S duties or responsibilities, or (III) a transfer of the EXECUTIVE'S principal place of employment to a metropolitan area other than that of the EXECUTIVE'S employment immediately prior to the Change of Control without the EXECUTIVE'S consent.
Reason. Failed to maintain a valid bond. Deputy Director, Bureau of Certification and Licensing. Name: Concord Atlantic Inc. dba Address: 00000 Xxxxxxxxxx Xxxx., Xxxxx, Xxxxx 000, Xxxxxx, XX. Date Reissued: August 16, 2013. Deputy Director, Bureau of Certification and Licensing.
Reason as defined in Section 5.5 hereof), all obligations of the Company and Holdings, including, without limitation, the obligation to pay salary or other amounts payable under this Agreement to or for the benefit of the Employee, shall terminate upon the effective date of such resignation, and the Employee shall not be entitled to any compensation under this Agreement except for Base Salary accrued and unpaid through, and any vested benefits under any awards to the Employee pursuant to the Stock Incentive Plans, or any amount payable under any other benefit plan of the Company or any Affiliate in accordance with the terms of such plan, as of the effective date of such resignation. The Employee agrees to give the Company one hundred twenty (120) days notice of his resignation (other than for Good Reason).

Examples of Reason in a sentence

  • The failure by the Executive or the Company to set forth in the Notice of Termination any fact or circumstance which contributes to a showing of Good Reason or Cause shall not waive any right of the Executive or the Company, respectively, hereunder or preclude the Executive or the Company, respectively, from asserting such fact or circumstance in enforcing the Executive’s or the Company’s rights hereunder.

  • The failure by the Executive or the Company to set forth in the Notice of Termination any fact or circumstance which contributes to a showing of Good Reason or Cause shall not waive any right of the Executive or the Company, respectively, hereunder or preclude the Executive or the Company, respectively, from asserting such fact or circumstance in enforcing the Executive's or the Company's rights hereunder.

  • The Executive's employment may be terminated by the Executive for Good Reason.

  • Reason: For the avoidance of doubt and in the interests of proper planning.

  • If the Executive voluntarily terminates employment during the Employment Period, excluding a termination for Good Reason, this Agreement shall terminate without further obligations to the Executive, other than for Accrued Obligations and the timely payment or provision of Other Benefits.


More Definitions of Reason

Reason means your resignation of employment with the Company or its Subsidiary within thirty (30) days after the occurrence (without your written consent) of any of the following:
Reason here means rational soul. In Sermon 17, “Gloria in Excelsis Deo,” (Heidelberg Academy Opera Omnia, Vol. 16, fascicle 3) section 4 Nicholas indicates explicitly that Jesus was made from a rational soul and human flesh. He thus follows the Symbolum Quicumque.
Reason means termination by the Executive for: (A) conduct by the Company which brings the Executive into public disgrace or disrepute, (B) the Company assigning any duties or responsibilities to the Executive that are not contemplated by this Agreement and/or which are illegal or dishonest, (C) Company’s failure to cure a breach of any term of any other Agreement executed in connection with the Asset Purchase Agreement within thirty (30) days after receipt of a written notice from the Executive specifying the act or omission that constitutes such breach. (D) Company’s failure to cure a breach of any term of this Agreement within thirty (30) days after receipt of written notice from the Executive specifying the act or omission that constitutes such breach.
Reason means the occurrence after a Change in Control of any of the following events or conditions:
Reason. Failed to maintain a valid bond. Director, Bureau of Consumer Complaints and Licensing. License Number: 001287F. Name: Crown Cargo Services, Inc. Address: 0000 Xxxxxx Xxxxxx, Xxxxx 000, Xxxxxx, XX 00000. Date Revoked: May 28, 2004. Reason: Surrendered license
Reason means (a) action by the Executive involving willful malfeasance, (b) failure to act by the Executive involving material nonfeasance having a material adverse effect on the Company or the Subsidiary that employs the Executive, (c) the Executive being convicted of a felony under United States federal, state, or local criminal law, or (d) the material breach of any provision of this Agreement by the Executive.