Voluntary Termination without Good Reason definition

Voluntary Termination without Good Reason means any termination by Executive of Executive's employment with the Company other than a Voluntary Termination with Good Reason.
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Voluntary Termination without Good Reason means any termination of employment initiated by a Participant other than a Voluntary Termination for Good Reason.
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Voluntary Termination without Good Reason shall be as defined as set forth in Section 3.3 of the Employment Agreements.
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Examples of Voluntary Termination without Good Reason in a sentence

  • Death, Permanent Disability, Voluntary Termination without Good Reason, Normal Retirement or Early Retirement or Termination for Cause .

  • Employee shall give the Company not less than thirty (30) days prior written notice of a Voluntary Termination without Good Reason.

  • In the event of a Voluntary Termination without Good Reason, he shall be entitled to receive only such payment(s) as he would have received had he been terminated pursuant to Section 4.1 hereof.

  • Upon Voluntary Termination without Good Reason, the Company shall have the right, but not the obligation, to purchase all, but not less than all, of the Common Stock of the Terminated Stockholder by delivering written notice to such effect within 90 days thereafter.

  • Upon Voluntary Termination without Good Reason of such Employee’s service with the Company, any Option held by such Employee may thereafter be exercised to the extent it was exercisable at the time of such termination, but may not be exercised after one year after such termination, or the expiration of the stated term of the Option, whichever period is the shorter.

  • In the event of any termination of Executive’s employment with the Company other than for Cause or other than for Voluntary Termination without Good Reason, the Company shall not be obligated to provide any additional consideration for the non-competition covenant in Section 8(c).

  • Upon Voluntary Termination without Good Reason or Involuntary Termination with Cause any Performance Shares unvested at the time of the Participant’s termination by reason of Voluntary Termination without Good Reason or Involuntary Termination with Cause, shall be forfeited.


More Definitions of Voluntary Termination without Good Reason

Voluntary Termination without Good Reason means the Executive’s voluntary termination of employment hereunder for any reason other than a Voluntary Termination With Good Reason. The term Voluntary Termination Without Good Reason does not include the Executive’s failure to perform services on account of the Executive’s vacation or illness or injury or the illness or injury of a member of the Executive’s immediate family, provided such illness is adequately substantiated at the reasonable request of the Company, or any other absence from service with the written consent of the Board. However, there shall automatically be a Voluntary Termination Without Good Reason for all purposes hereof and for all other plans and arrangements of the Company covering the Executive upon (i) the Executive accepting any employment, consulting, board, advisory or other similar role with (A) any entity that is part of the Company’s “peer group” in the Company’s then-most recent annual proxy statement filed with the Securities and Exchange Commission, (B) any other hospitality brand, management, supplier or ownership company that does business with the Company, or (C) any other entity that offers services competitive with the Business (as defined in Section 15) or (ii) the Executive becoming the executive chairman, chief executive officer and/or president of any entity (whether or not a competitor), other than a charitable entity if Executive is not compensated for such role and the Executive’s role with such charitable entity would reasonably be expected to result in materially adverse publicity for the Company, except in each case under (i) and (ii), to the extent approved by the Chief Executive Officer of the Company and the Lead Independent Director of the Board.
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