Resignation for definition
Resignation for. Good Reason" shall mean the resignation of the Executive after the following: (A) notice in writing is given to Executive of Executive's relocation, without the Executive's consent, to a place of business outside the Greater Puget Sound area, or (B) a substantial diminution of the Executive's responsibilities and compensation from those responsibilities in effect on the date hereof, disregarding change in title and any alterations in Executive's responsibilities which CTI imposes in response to any unsatisfactory or unacceptable work performance by Executive.
Resignation for. Good Reason" shall mean resignation by Employee because of (A) an adverse and material change in the Employee's duties, titles or reporting responsibilities, (B) a material breach by the Company of any term of the Agreement, (C) a reduction in the Employee's Salary or bonus opportunity or the failure of the Company to pay the Employee any material amount of compensation when due, (D) the assignment to Employee of any material duties that are inconsistent with those described in Section 1 of this Agreement without the Employee's consent, or (E) the Company's requirement that Employee perform a substantial portion of his duties outside the Seattle, Washington metropolitan area, except for travel in furtherance of the Company's business. The Company shall have 30 business days from the date of receipt of such notice to effect a cure of the material breach described therein and, upon cure thereof by the Company to the reasonable satisfaction of the Employee, such material breach shall no longer constitute Good Reason for purposes of this Agreement.
Resignation for. Good Reason" shall mean the resignation of the Executive because of (A) a material reduction in Executive's responsibilities, duties, authority, status or titles as described in Section 1 above; or (B) failure by the Company to pay or provide Executive when due any compensation, benefits or perquisites to which Executive is entitled pursuant to this Agreement or any other plan, contract or arrangement in which Executive participates or is entitled to participate; provided, however, that no event or circumstance shall be considered to constitute Good Reason within the meaning of this clause (iii) unless the Company has been given written notice of the events or circumstances constituting Good Reason and has failed to effect a cure thereof within 60 calendar days following the receipt of such notice.
Examples of Resignation for in a sentence
Subject to Sections 6(c) and (d) and the restrictions contained herein, in the event of the Executive’s Termination without Cause (pursuant to Section 5(a)(v)), Resignation for Good Reason (pursuant to Section 5(a)(iv)) or termination by reason of death or Disability (pursuant to Section 5(a)(i) or (ii), respectively), the Company shall pay to the Executive the amounts described in subsection (a).
For the avoidance of doubt, Executive shall have no right to receive (and Other Benefits shall not include) any amounts under any Company severance plan or policy or pursuant to Article 3 or Article 4 upon any voluntary resignation by Executive that is not a Resignation for Good Reason.
This means that either the Company or Executive may terminate Executive’s employment at any time, for any reason, with or without Cause, and with or without advance notice (provided that Resignation for Good Reason (as defined below) requires certain advanced notice by Executive of Executive’s termination of employment).
The notice shall also state that Executive is resigning for Good Reason as contemplated by this Section 7(f) and shall set forth in reasonable detail the facts and circumstances claimed to provide a basis for Resignation for Good Reason hereunder.
Upon any voluntary resignation by Executive that is not a Resignation for Good Reason, the Company shall have no further obligation to the Executive hereunder except for the payment of (i) the portion of the Annual Base Salary for the period prior to the effective date of termination earned but unpaid (if any), (ii) all unreimbursed expenses (if any), subject to Section 2.4 and Section 5.10(c), and (iii) the payment or provision of any Other Benefits.
More Definitions of Resignation for
Resignation for. Good Reason" shall mean the resignation of the Executive from employment by the Company after (i) a material reduction or adverse alteration in the nature of the Executive's position, responsibilities or authorities, (ii) the Executive becoming the holder of a lesser office or title than that held by him immediately prior to such change, (iii) any material reduction of the Executive's compensation or benefits, (iv) the relocation of the Executive's job more than fifty miles from his present location or (v) any other material adverse change to the terms and conditions of the Executive's employment or benefits, provided that, if the Executive shall consent in writing to any event described in clauses (i) through (v) of this sentence, the Executive's subsequent resignation shall not be treated as a resignation for Good Reason, unless a subsequent event described in such clauses to which Executive did not consent occurs.
Resignation for. Good Reason" shall mean resignation by Executive because of (A) an adverse and material change in the Executive's duties, titles or reporting responsibilities, (B) a material breach by the Company of any term of the Agreement, (C) a reduction in the Executive's Salary or bonus opportunity or the failure of the Company to pay the Executive any material amount of compensation when due, (D) failure by the Company or the Parent to nominate the Executive for reelection to the Board during the Term, (E) the failure of the Executive to be reelected to the Board during the Term, (F) the Company appoints a President without the Executive's prior written approval, or (G) a relocation of the Executive's principal place of business without his prior written consent. The Company shall have 30 business days from the date of receipt of such notice to effect a cure of the material breach described therein and, upon cure thereof by the Company to the reasonable satisfaction of the Executive, such material breach shall no longer constitute Good Reason for purposes of this Agreement.
Resignation for. Good Reason" shall mean the resignation of the Executive after: (i) a reduction without the Executive's consent in the Executive's salary or the bonus that the Executive is eligible to earn under the Company's Annual Incentive Award Plan (or successor plan thereto); provided, however, that nothing herein shall be construed to guarantee the Executive's bonus for any year if the applicable performance targets are not met; and provided, further, that it shall not constitute Good Reason hereunder if the Company makes an appropriate pro rata adjustment to the applicable bonus and targets under the Annual Incentive Award Plan in the event of a change in the Company's fiscal year; (ii) a material reduction without the Executive's consent in the aggregate welfare benefits provided to the Executive pursuant to the welfare plans, programs and arrangements in which the Executive is eligible to participate; or (iii) a material reduction without the Executive's consent in the Executive's job responsibilities. Unless the Executive provides written notification of an event described in clauses (i) through (iii) above within ninety (90) days after the Executive knows or has reason to know of the occurrence of any such event, the Executive shall be deemed to have consented thereto and such event shall no longer constitute Good Reason for purposes of this Agreement. If the Executive provides such written notice to the Company, the Company shall have ten (10) business days from the date of receipt of such notice to effect a cure of the event described therein and, upon cure thereof by the Company to the reasonable satisfaction of the Executive, such event shall no longer constitute Good Reason for purposes of this Agreement.
Resignation for. Good Reason" means the occurrence of any of the following events: (A) the Executive's position, title, duties, and reporting responsibilities with the Parent in effect on the Effective Date become less favorable in any material respect, (B) a reduction in the Base Salary, Bonus or material benefits as of the Effective Date or (C) the relocation of the Executive's principal place of business to a location that is more than twenty (20) miles from the Executive's primary business location on the Effective Date without the Executive's consent. In order to constitute Good Reason, (x) the Executive must provide written notification of his intention to resign within thirty (30) days after the Executive knows or has reason to know of the occurrence of any such event, and (y) such event or condition is not corrected, in all material respects, by the Company within twenty (20) days of its receipt of such notice and (z) the Executive resigns his employment with the Parent and the Company not more than thirty (30) days following the expiration of the 20-day period described in the foregoing clause (y).
Resignation for. GOOD REASON" shall mean resignation by Employee because of (A) an adverse and material change in the Employee's duties, titles or reporting responsibilities, (B) a material breach by the Company of any term of the Agreement, (C) a reduction in the Employee's Salary or bonus opportunity or the failure of the Company to pay the Employee any material amount of compensation when due, (D) the assignment to Employee of any material duties that are inconsistent with those described in Section 1 of this Agreement without the Employee's consent, or (E) the Company's requirement that Employee perform a substantial portion of his duties outside the Seattle, Washington metropolitan area, except for travel in furtherance of the Company's business to an extent substantially consistent with his business travel as of the date of this Agreement, but acknowledging that the Company is now part of a larger international Group, without the Employee's prior written consent. The Company shall have 30 business days from the date of receipt of such notice to effect a cure of the material breach described therein and, upon cure thereof by the Company to the reasonable satisfaction of the Employee, such material breach shall no longer constitute Good Reason for purposes of this Agreement.
Resignation for. Good Reason" shall mean resignation of Employee after an act or omission by the Employer which is a material breach of this Agreement after Employee notifies Employer in writing specifying and describing each such breach and the actions required to cure them and the Employer does not cure such breach in the manner set forth in the notice or in a manner otherwise acceptable to the Employee within thirty (30) days of receipt thereof.
Resignation for. GOOD REASON" shall mean resignation by Executive because of (A) an adverse and material change in the Executive's duties, titles and reporting responsibilities, (B) a material breach by the Company of any term of the Agreement, (C) a reduction in the Executive's Salary or bonus opportunity or the failure of the Company to pay the Executive any material amount of compensation when due, (D) failure by the Company or the Parent to nominate the Executive for reelection to the Board, or (E) a relocation of the Executive's principal place of business without his prior written consent. The Company shall have 30 business days from the date of receipt of such notice to effect a cure of the material breach described therein and, upon cure thereof by the Company to the reasonable satisfaction of the Executive, such material breach shall no longer constitute Good Reason for purposes of this Agreement.