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.
Sample 1Sample 2Sample 3
Voluntary Termination without Good Reason means any termination of employment initiated by a Participant other than a Voluntary Termination for Good Reason.
Sample 1Sample 2Sample 3
Voluntary Termination without Good Reason shall be as defined as set forth in Section 3.3 of the Employment Agreements.
Sample 1Sample 2

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 .

  • 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.

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

  • 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 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.

  • 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.

  • Name Benefit Termination “Without Cause” With or Without a Change in Control Resignation for “Good Reason” Following a Change in Control Change in Control (Absent Termination without Cause or Resignation for Good Reason) Voluntary Termination (without Good Reason) Death Disability Richard D.


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.
Sample 1

Related to Voluntary Termination without Good Reason

  • Involuntary Termination Without Cause means Executive’s dismissal or discharge other than for Cause. The termination of Executive’s employment as a result of Executive’s death or disability will not be deemed to be an Involuntary Termination Without Cause.

  • Voluntary Termination for Good Reason means the Employee voluntarily resigns after the occurrence of any of the following (i) without the Employee’s express written consent, a material reduction of the Employee’s duties, title, authority or responsibilities, relative to the Employee’s duties, title, authority or responsibilities as in effect immediately prior to such reduction, or the assignment to Employee of such reduced duties, title, authority or responsibilities; provided, however, that a reduction in duties, title, authority or responsibilities solely by virtue of the Company being acquired and made part of a larger entity (as, for example, when the Senior Vice-President of a business unit of the Company remains as such following a Change of Control) shall not by itself constitute grounds for a “Voluntary Termination for Good Reason;” (ii) without the Employee’s express written consent, a material reduction, without good business reasons, of the facilities and perquisites (including office space and location) available to the Employee immediately prior to such reduction; (iii) a reduction by the Company in the base salary of the Employee as in effect immediately prior to such reduction; (iv) a material reduction by the Company in the aggregate level of employee benefits, including bonuses, to which the Employee was entitled immediately prior to such reduction with the result that the Employee’s aggregate benefits package is materially reduced (other than a reduction that generally applies to Company employees); (v) the relocation of the Employee to a facility or a location more than thirty-five (35) miles from the Employee’s then present location, without the Employee’s express written consent; (vi) the failure of the Company to obtain the assumption of this agreement by any successors contemplated in Section 7(a) below; or (vii) any act or set of facts or circumstances which would, under California case law or statute constitute a constructive termination of the Employee.

  • Voluntary Termination means termination by the Employee of the Employee's employment with the Company, excluding termination by reason of Employee's death or disability as described in Sections 2.5 and 2.6.

  • Constructive Termination Without Cause means a termination of the Executive's employment at his initiative as provided in this Section 10(c) following the occurrence, without the Executive's written consent, of one or more of the following events (except as a result of a prior termination):

  • Involuntary Termination means a termination of your employment with the Company pursuant to either (i) a termination initiated by the Company without Cause, or (ii) your resignation for Good Reason, and provided in either case such termination constitutes a Separation from Service. An Involuntary Termination does not include any other termination of your employment, including a termination due to your death or disability.

  • Involuntary Termination of Employment means the Termination of Service by the Company or Subsidiary other than a termination for Cause, or termination of employment by a Participant Employee for Good Reason.

  • Termination Without Cause means a Separation as a result of a termination of the Executive’s employment by the Company without Cause and other than as a result of Disability.

  • Good Reason Termination means a termination of employment or service initiated by the Participant upon or after a Change of Control upon one or more of the following events:

  • Good Reason means:

  • Termination for Good Reason means a Termination of Employment by Executive for a Good Reason.

  • Without Good Reason means termination of Executive’s employment by Executive other than For Good Reason pursuant to SECTION 3.2(b) below.

  • Constructive Termination means:

  • For Good Reason as defined in Section 6.4.

  • Qualifying Termination of Employment means a Participant’s Termination of Employment (i) by the Company without Cause or (ii) by the Participant with or without Good Reason or by reason of Retirement.

  • Without Cause Termination or “Terminated Without Cause” means termination of the Executive’s employment by the Company other than due to death, disability, or Termination for Cause.

  • Termination of Employment means that the Executive ceases to be employed by the Company for any reason, voluntary or involuntary, other than by reason of a leave of absence approved by the Company.

  • Good Reason Event means (1) fraud, criminal conduct or willful misconduct by or on the part of the Company, (2) a representation or warranty made by the Company herein proving to be untrue in any material respect, or (3) a default in the due performance or observance by the Company of any covenant or agreement contained in this Agreement and such default continuing unremedied for a period of 30 days after written notice thereof to the Company by the Dealer Manager.

  • Notice of Termination for Good Reason shall have the meaning set forth in Section 1(t).

  • Resignation for Good Reason means a Separation as a result of your resignation within 12 months after one of the following conditions has come into existence without your consent:

  • For Cause means:

  • Effective Termination Date has the meaning set forth in Section 10(b) hereof.

  • Termination for Cause means termination because of: (1) Executive's personal dishonesty, willful misconduct, breach of fiduciary duty involving personal profit, intentional failure to perform stated duties, willful violation of any law, rule, regulation (other than traffic violations or similar offenses), final cease and desist order or material breach of any provision of this Agreement which results in a material loss to the Institution or the Holding Company, or (2) Executive's conviction of a crime or act involving moral turpitude or a final judgement rendered against Executive based upon actions of Executive which involve moral turpitude. For the purposes of this Section, no act, or the failure to act, on Executive's part shall be "willful" unless done, or omitted to be done, not in good faith and without reasonable belief that the action or omission was in the best interests of the Institution or its affiliates. Notwithstanding the foregoing, Executive shall not be deemed to have been terminated for Cause unless and until there shall have been delivered to him a Notice of Termination which shall include a copy of a resolution duly adopted by the affirmative vote of not less than three-fourths of the members of the Board at a meeting of the Board called and held for that purpose (after reasonable notice to Executive and an opportunity for him, together with counsel, to be heard before the Board), finding that in the good faith opinion of the Board, Executive was guilty of conduct justifying Termination for Cause and specifying the particulars thereof in detail. The Executive shall not have the right to receive compensation or other benefits for any period after Termination for Cause. During the period beginning on the date of the Notice of Termination for Cause pursuant to Section 8 hereof through the Date of Termination, stock options and related limited rights granted to Executive under any stock option plan shall not be exercisable nor shall any unvested awards granted to Executive under any stock benefit plan of the Institution, the Holding Company or any subsidiary or affiliate thereof, vest. At the Date of Termination, such stock options and related limited rights and any such unvested awards shall become null and void and shall not be exercisable by or delivered to Executive at any time subsequent to such Termination for Cause.

  • Due Cause means any of the following events:

  • Terminated Without Cause means termination of the Executive’s employment by the Company other than due to death, disability, or Termination for Cause.

  • Constructively Terminated means, unless otherwise specified by the Committee in the Award Agreement, a voluntary termination of employment by an Employee within ten (10) business days after any of the following actions by the Company, an Affiliate, or a person acting on behalf of either:

  • Employment Termination means the effective date of: (i) Executive’s voluntary termination of employment with the Company with Good Reason, or (ii) the termination of Executive’s employment by the Company without Good Cause.