Termination for Good Cause definition

Termination for Good Cause means the Participant’s termination of the Participant’s employment with the Corporation or a Subsidiary as a result of the occurrence of any of the following: (i) a change in the Participant’s principal location of employment that is greater than fifty (50) miles from its location as of the date hereof without the Participant’s consent; provided, however, that the Participant hereby acknowledges that the Participant may be required to engage in travel in connection with the performance of the Participant’s duties hereunder and that such travel shall not constitute a change in the Participant’s principal location of employment for purposes hereof; (ii) a material diminution in the Participant’s base compensation; (iii) a change in the Participant’s position with the Corporation without the Participant’s consent such that there is a material diminution in the Participant’s authority, duties or responsibilities; or (iv) any other action or inaction that constitutes a material breach by the Corporation of the agreement under which the Participant provides services. Notwithstanding the foregoing, the Participant’s termination of the Participant’s employment with the Corporation as a result of the occurrence of any of the foregoing shall not constitute a “Termination for Good Cause” unless (A) the Participant gives the Corporation written notice of such occurrence within ninety (90) days of such occurrence and such occurrence is not cured by the Corporation within thirty (30) days of the date on which such written notice is received by the Corporation and (B) the Participant actually terminates his or her employment with the Corporation prior to the three hundred sixty-fifth (365th) day following such occurrence.

Termination for Good Cause means the Grantee’s termination of the Grantee’s employment with the Corporation or a Subsidiary as a result of the occurrence of any of the following: (i) a change in the Grantee’s principal location of employment that is greater than fifty (50) miles from its location as of the date hereof without the Grantee’s consent; provided, however, that the Grantee hereby acknowledges that the Grantee may be required to engage in travel in connection with the performance of the Grantee’s duties hereunder and that such travel shall not constitute a change in the Grantee’s principal location of employment for purposes hereof; (ii) a material diminution in the Grantee’s base compensation; (iii) a change in the Grantee’s position with the Corporation without the Grantee’s consent such that there is a material diminution in the Grantee’s authority, duties or responsibilities; or (iv) any other action or inaction that constitutes a material breach by the Corporation of the agreement under which the Grantee provides services. Notwithstanding the foregoing, the Grantee’s termination of the Grantee’s employment with the Corporation as a result of the occurrence of any of the foregoing shall not constitute a “Termination For Good Cause” unless (A) the Grantee gives the Corporation written notice of such occurrence within ninety (90) days of such occurrence and such occurrence is not cured by the Corporation within thirty (30) days of the date on which such written notice is received by the Corporation and (B) the Grantee actually terminates his or her employment with the Corporation prior to the three hundred sixty-fifth (365th) day following such occurrence.

Termination for Good Cause means termination:

Examples of Termination for Good Cause in a sentence

• Termination for Good Cause (Kündigung aus wichtigem Grund) As a general principle of German law, a contract may always be terminated for good cause (Kündigung aus wichtigem Grund) and such right may not be totally excluded nor may it be subject to unreasonable restrictions or the consent from a third party.

• The Executive may terminate the Executive's employment by the Company at any time, and in such event, unless prior to giving his notice Executive shall have received a Notice of Termination for Good Cause the Company shall pay to Executive the salary due through the date of termination, provided that if Executive terminates due to a Constructive Termination (as hereinafter defined), Executive shall be paid the amount calculated in accordance with Section 7(i), subject in all events to Section 9 hereof.

• Termination for Good Cause shall also mean termination by the Company of Employee's employment by the Company by reason of Employee's conviction of a felony, whether related to the Company or to any other matter, or by reason of Employee's conviction of a misdemeanor relating to Employee's dishonest conduct, whether related to the Company or to any other matter.

• In the event of Termination for Good Cause, other than due to death or Disability or without Good Reason, the Account Balance shall be deemed to be zero, and MRSC shall repurchase the Shares for the Original Purchase Price plus accrued interest on the Promissory Note pursuant to Section 9 of this Exhibit Agreement, which shall be offset against amounts owing under the Promissory Note.

• Termination for Good Cause may be effected immediately by the Company during the term of this Agreement by written notification to Employee.

More Definitions of Termination for Good Cause

Termination for Good Cause means termination by Company of Employee's employment by the Company by reason of Employee's gross incompetence, willful dishonesty towards, fraud upon, or deliberate injury or attempted injury to Company, or by reason of Employee's willful material breach of this Employment Agreement which has resulted in material injury to the Company. Termination for Good Cause shall also mean termination by the Company of Employee's employment by the Company by reason of Employee's conviction of a felony, whether related to the Company or to any other matter, or by reason of Employee's conviction of a misdemeanor relating to Employee's dishonest conduct, whether related to the Company or to any other matter.

Termination for Good Cause. Good Cause" means any one or more of the following:

Termination for Good Cause means termination due to (i) the commission of a felony or a crime involving moral turpitude or the commission of any other act or omission involving dishonesty or fraud with respect to the Corporation or any of its affiliates or any of their customers or suppliers, (ii) conduct tending to bring the Corporation or any of its affiliates into substantial public disgrace or disrepute, (iii) substantial and repeated failure to perform duties of the office or position held by the Grantee as reasonably directed by the Corporation, and such failure is not cured within 30 days after the Grantee receives notice thereof from the Corporation, (iv) gross negligence or willful misconduct with respect to the Corporation or any of its affiliates or (v) any material breach of any agreement between the Grantee and the Corporation.

Termination for Good Cause means termination as a result of the commission of a felony by the Optionee.

Termination for Good Cause means the Participant’s termination of the Participant’s employment with the Corporation or a Subsidiary as a result of the occurrence of any of the following:

Termination for Good Cause means the Grantee’s termination of the Grantee’s employment with the Successor as a result of the occurrence of any of the following:

Termination for Good Cause means the Grantee’s termination of the Grantee’s employment with the Corporation or a Subsidiary as a result of the occurrence of any of the following: