Definition of Good Reason Clause Samples
The Definition of Good Reason clause establishes the specific circumstances under which an employee may voluntarily resign and still be entitled to certain contractual benefits, such as severance. Typically, this clause outlines events like a significant reduction in salary, a material change in job duties, or a forced relocation as qualifying reasons. By clearly defining what constitutes "Good Reason," the clause protects employees from adverse changes to their employment terms and ensures both parties understand the conditions that trigger enhanced rights upon resignation.
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Definition of Good Reason. For purposes hereof, “Good Reason” shall mean:
Definition of Good Reason. For purposes of this Agreement, "Good Reason" means the occurrence of any of the events or conditions described in clauses (1) through (7) hereof without the Executive's express written consent:
Definition of Good Reason. For purposes hereof, “Good Reason” shall mean any one of the following: (i) the material reduction of Executive’s base salary (other than a reduction that is applied substantially across executives), (ii) the assignment to Executive of any duties materially and negatively inconsistent in respect of Executive’s position (including status, offices, titles and reporting requirements), authority, duties or responsibilities, or any other action by the Company which results in a material diminution in such position, authority, duties or responsibilities; or (iii) the Company’s material breach of this Agreement, provided, that, in each case, Executive will not be deemed to have Good Reason unless (1) Executive first provides the Company with written notice of the condition giving rise to Good Reason within thirty (30) days of its initial occurrence, (2) the Company or the successor company fails to cure such condition within thirty (30) days after receiving such written notice (the “Cure Period”), and (3) Executive’s resignation based on such Good Reason is effective within thirty (30) days after the expiration of the Cure Period.
Definition of Good Reason. For the purposes of this Agreement, “Good Reason” shall mean: without the Executive’s express written consent, a material reduction by the Company in the Executive’s total compensation as in effect on the date hereof or as the same may be increased from time to time.
Definition of Good Reason. For all purposes under this Agreement, "
Definition of Good Reason. For purposes of this Agreement, “Good Reason” means the occurrence of any one or more of the following events without the Employee’s prior written consent, unless the Company fully corrects the circumstances constituting Good Reason (provided such circumstances are capable of correction) as provided below:
Definition of Good Reason. For purposes of this Agreement, “Good Reason” means that Executive resigns Executive’s employment with the Company (or any successor thereto) if and only if:
Definition of Good Reason. For all purposes under this Agreement, the Executive’s resignation for “Good Reason” shall mean the Executive’s resignation within ninety (90) days the occurrence of any one or more of the following events:
Definition of Good Reason. “Good Reason” shall mean, without the Executive’s express written consent, the occurrence of any one or more of the following events during the Potential Change in Control Protection Period or within the twenty-four (24) calendar month period immediately following a Change in Control:
Definition of Good Reason. For purposes of this Agreement, “Good Reason” shall exist in the event any of the following actions are taken without Employee’s consent: