No Good Reason Sample Clauses
No Good Reason. Executive may terminate this Agreement for any reason upon providing thirty (30) days written notice to the Company. If Executive terminates this Agreement pursuant to this provision, the Company will pay Executive the Accrued Compensation.
No Good Reason. Executive hereby acknowledges and agrees that nothing contained in this Agreement shall, or shall be construed so as to, constitute Good Reason (as defined in the Employment Agreement) for purposes of the Employment Agreement or any other agreement between Executive and the Company.
No Good Reason. You acknowledge and agree that you shall not have Good Reason to terminate your employment as a result of (i) the consummation of the Merger or the other transactions contemplated by the Merger Agreement, and/or (ii) the change in your position, duties and responsibilities and reporting relationships as set forth above arising from the foregoing.
No Good Reason. The Executive acknowledges and agrees that neither the execution nor implementation of this First Amendment shall give rise to any claim for “Good Reason” by the Executive under the Agreement.
No Good Reason. Changes to the terms and conditions of Executive’s employment as set forth under this Amendment shall not constitute “Good Reason” as defined in Executive’s Employment Agreement for the limited purpose of this Amendment. Notwithstanding the foregoing, the parties agree that: (a) subsequent changes to Executive’s terms and conditions of employment may operate to trigger Good Reason, (b) that Executive’s replacement as Co-Chief Executive Officer shall constitute Good Reason, and (c) that this Amendment does not constitute a waiver by Executive of any of his rights under the Employment Agreement or applicable law. 4.
No Good Reason. Executive further acknowledges and agrees that neither the execution of this Acknowledgement nor the Base Salary Reduction nor any subsequent incremental or full increase to Executive’s New Base Salary (even if any such increase does not raise Executive’s annualized base salary back to the Current Base Salary) will constitute “Good Reason” or any similar term under the Employment Agreement or any other agreement or contract between Executive and the Company or any of its affiliates, and that the Salary Reduction shall not trigger any “constructive termination” rights that Executive may currently have, if at all, in any of Executive’s compensation arrangements with the Company, including any employment agreement, offer letter and/or equity award agreement.
No Good Reason. Executive agrees and acknowledges that, notwithstanding any provision of the Seller Bank Employment Agreement or the Salary Continuation Agreement to the contrary, the modification of the Seller Bank Employment Agreement and the Salary Continuation Agreement in accordance with the terms of this Agreement shall not constitute “Good Reason” under the Seller Bank Employment Agreement. Executive further agrees and acknowledges that the compensation, benefits, and perquisites that Executive shall receive from Buyer under the modified Seller Bank Employment Agreement are substantially the same, in the aggregate, to the compensation, benefits, and perquisites which Executive received under the Seller Bank Employment Agreement prior to modification by this Agreement.
No Good Reason. You acknowledge and agree that neither the execution of this Agreement nor the reduction in your base salary contemplated in this Agreement nor the change in your position to Vice President, Finance or any duties or responsibilities assigned to you in this new position that are reasonably consistent with duties and responsibilities of this position at similarly situated companies constitute "Good Reason" under this Agreement, the Severance Plan, the Existing Equity Documents, any other agreement you have with the Company, or any plan, or policy maintained by the Company and you waive your right to claim a "Good Reason" event for these changes to your job title and compensation.
No Good Reason. The execution of this Agreement, the change of Executive’s title to Executive Chairman, any duties or responsibilities assigned to him in this new position that are reasonably consistent with duties and responsibilities of this position at similarly situated companies, or any other provision of this Agreement will not constitute “Good Reason” under the Retention Agreement, the employment agreement with the Company dated May 3, 2010 (the “Employment Agreement”), or any other agreement or arrangement between the Company and Executive that is in effect as of the date hereof.
No Good Reason. ▇▇▇▇▇▇ acknowledges and agrees that ▇▇▇▇▇▇ will not have grounds to terminate his employment for “Good Reason” as of and following the Effective Time, and that the terms and conditions of ▇▇▇▇▇▇’▇ continuing employment with the Company as set forth in this Agreement do not constitute “Good Reason” under the Employment Agreement.