Resignation with Good Reason definition

Resignation with Good Reason and "Term of the Employment Agreement" shall have the same meanings as the terms "Cause," "Good Reason," "Resignation with Good Reason" and "Term of this Agreement," respectively, have in Sections 8.2, 8.3, 8.1(c) and 6, respectively, of the Employment Agreement, except that, notwithstanding the foregoing and solely for purposes of Section 6 hereof, "Term of the Employment Agreement" shall mean the period of time commencing on June 10, 2003 and ending on the date set forth in Section 6(i) of the Employment Agreement.

Resignation with Good Reason and "Term of this Agreement," respectively, have in Sections 8.2, 8.3, 8.1(c) and 6, respectively, of the Employment Agreement, except that, notwithstanding the foregoing and solely for purposes of Section 6 hereof, "Term of the Employment Agreement" shall mean the period of time commencing on June 10, 2003 and ending on the date set forth in Section 6(i) of the Employment Agreement.

Resignation with Good Reason means any termination by the Employee of the Employee’s employment after the occurrence of any of the following to which the Employee shall not have consented: (i) the assignment to the Employee of positions or duties materially inconsistent with the Employee’s positions and duties as of the date of any Change in Control, (ii) a material diminution of the Employee’s position, authority, responsibilities or benefits to which he is entitled as of the date of any Change in Control, (iii) a relocation of the Employee’s workplace further than a fifty (50) mile radius from the location of the Employee’s workplace as of the date of any Change in Control, or (iv) a material reduction of the Employee’s base salary or the Employee’s “target award” opportunity under the Company’s incentive bonus program.

Examples of Resignation with Good Reason in a sentence

• Provided further, that a Resignation with Good Reason along with the reasons on which it is based shall be given to Employer, which shall then have ten calendar days to address and cure such reasons.

• The agreement also provides that Mr. Dally will be entitled to severance of 12 months of his annual base salary following a Termination Without Cause or Resignation with Good Reason (each as defined in the agreement) in addition to any base salary owed through the effective date of such termination, payment for accrued unused PTO, any bonus to which Mr. Dally is entitled for a preceding period but unpaid as of the date of termination, and continued participation in our benefit plans for 12 months.

• The agreement also provides that Mr. Bhargava will be entitled to severance of 12 months of his annual base salary following a Termination Without Cause or Resignation with Good Reason (each as defined in the agreement) in addition to any base salary owed through the effective date of such termination, payment for accrued unused PTO, any bonus to which Mr. Bhargava is entitled for a preceding period but unpaid as of the date of termination, and continued participation in our benefit plans for 12 months.

• The agreement also provides that Mr. Dally will be entitled to severance of 12 months of his annual base salary following a Termination Without Cause or Resignation with Good Reason (each as defined in the agreement) in addition to any base salary owed through the effective date of such termination, payment for accrued unused PTO, any bonus to which Mr. Dally is entitled for a preceding period but unpaid as of the date of termination, and continued participation in Groundfloor benefit plans for 12 months.

• Any Notice of Resignation with Good Reason shall be deemed to be effective immediately, and no other notice or opportunity to cure shall be required.

More Definitions of Resignation with Good Reason

Resignation with Good Reason means you giving notice of your resignation as a result of (i) a reduction in your base salary or the cap on your incentive pay; (ii) the assignment to you of any duties inconsistent in any respect with your position (including status, offices, titles and reporting requirements), authority, duties or responsibilities which result in a diminution in such position, authority, duties or responsibilities, whether immediately prior to or after the occurrence of a Severance Event; (iii) the taking of any action by the Company which would adversely affect your participation in, or materially reduce your benefits under any plans, including incentive pay plans or programs, offered by the Company prior to the Severance Event; or (iv) in the event of and after the occurrence of a Severance Event, the Company's requiring you to be based at any office or location other than in New York City or Long Island. You must provide notice to the Company of the existence of any of the conditions described in clauses (i) through (iv) above within a period of 90 days of the initial existence of such condition and the Company shall have a period of 30 days following receipt of such notice during which it may remedy such condition. In the event of your failure to deliver timely notice as set forth herein or in the event of the Company's timely remedy of any condition described in clause (i) through (iv) you shall not be entitled to a Resignation with Good Reason.

Resignation with Good Reason means a resignation by the Executive with Good Reason.

Resignation with Good Reason means, unless otherwise specified in the Employee’s employment agreement or the Award Agreement, in which case such definition shall control, a resignation by an Employee within the one (1) year period following a Change in Control (as defined in Section 11) and within sixty (60) days following the effective date of any one or more of the following events or circumstances (other than an event to which that Employee has given a prior written consent) unless each of the events or circumstances are corrected in all material respects before the effective date of such resignation:

Resignation with Good Reason means the Participant's voluntary resignation under the circumstances described in section 7(c) of the Retention Agreement as in effect on the date of this Agreement.

Resignation with Good Reason means a resignation of the employment by you due to (i) a material breach by the Company of its obligations under this Agreement, (ii) a material diminution of your authority, duties or responsibilities (including status, offices, titles and reporting requirements) so as to qualify a demotion, (iii) a material reduction in your Base Salary.

Resignation with Good Reason means MWW giving notice of MWW’s resignation as a result of (i) a reduction in MWW’s base salary or the cap, if any, on MWW’s incentive pay; (ii) the assignment to MWW of any duties inconsistent in any material respect with MWW’s position (including status, offices, titles and reporting requirements), authority, duties or responsibilities which result in a material diminution in such position, authority, duties or responsibilities, whether immediately prior to or after the occurrence of a Severance Event; (iii) the taking of any action by the Company which would adversely affect MWW’s participation in, or materially reduce MWW’s benefits under any plans, including incentive pay plans or programs, offered by the Company prior to the Severance Event; or (iv) in the event of and after the occurrence of a Severance Event, the Company’s requiring MWW to be based at any office or location other than in New York City or Long Island, New York, or London, U.K. MWW must provide notice to the Company of the existence of any of the conditions described in clauses (i) through (iv) above within a period of 90 days of the initial existence of such condition and the Company shall have a period of 30 days following receipt of such notice during which it may remedy such condition. In the event of MWW’s failure to deliver timely notice as set forth herein or in the event of the Company’s timely remedy of any condition described in clause (i) through (iv) MWW shall not be entitled to a Resignation with Good Reason.

Resignation with Good Reason means you giving notice of your resignation as a result of (i) a reduction in your base salary or the cap on your incentive pay; (ii) the assignment to you of any duties inconsistent in any respect with your position (including status, offices, titles and reporting requirements), authority, duties or -4- responsibilities which result in a diminution in such position, authority, duties or responsibilities, whether immediately prior to or after the occurrence of a Severance Event, excluding for this purpose any action not taken in bad faith and which is remedied by the Company promptly after receipt of notice thereof given by you; (iii) the taking of any action by the Company which would adversely affect your participation in, or materially reduce your benefits under any plans, including incentive pay plans or programs, offered by the Company prior to the Severance Event; or (iv) in the event of and after the occurrence of a Severance Event, the Company's requiring you to be based at any office or location other than in New York City or Long Island.