Examples of Voluntary Termination with Good Reason in a sentence
Except for the Standard Termination Benefits, the Executive shall not be entitled to receive any compensation after the Date of Termination on account of a Termination With Cause, a Voluntary Termination, death, Disability or any reason other than a Termination Without Cause or a Voluntary Termination With Good Reason.
In the event of Voluntary Termination With Good Reason occurs as a result of Section 3.4(6) of the Employment Agreements, the provisions of this Article V, Section 5 shall be deemed void and unenforceable on their terms.
The Multiple is “two (2.0)” if the Executive’s employment ends upon a Termination Without Cause on or after the date of a Control Change Date or within the nine (9) months preceding the date of a Control Change Date or if the Executive’s employment ends upon a Voluntary Termination With Good Reason on or after the date of a Control Change Date.
Section 6.7 of the Agreement is hereby stricken and replaced in its entirety with the following:6.7 Voluntary Termination With Good Reason.
Additionally, the Limited Members shall not be subject to this Article XV in the event termination of employment with the Bank is due to Voluntary Termination With Good Reason that occurs as a result of Section 3.4(7) of the Employment Agreements, even though such Limited Member may continue to maintain a membership interest in the Company.