Resignation for Good Cause Sample Clauses

The 'Resignation for Good Cause' clause allows an employee to voluntarily leave their position without penalty if certain serious conditions or breaches occur, typically on the part of the employer. This clause usually outlines specific circumstances that qualify as 'good cause,' such as significant changes to job duties, non-payment of salary, or unethical conduct by the employer. Its core function is to protect employees from being forced to remain in untenable or unfair work situations, ensuring they can exit the employment relationship without negative consequences if the employer fails to meet essential obligations.
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Resignation for Good Cause. The termination of his employment under this Agreement by Employee following a substantial reduction in Employee's position or duties or material breach of this Agreement by Employer shall be deemed a termination by employee for reasons other than cause as set forth in paragraph 10 hereof.
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Resignation for Good Cause. The Executive may resign on two weeks’ written notice (the end of such notice also being the “Termination Date”) for “Good Cause” (as defined below), in which event the Company shall be obligated to pay the Executive, on the Termination Date, an amount equal to two times the Annual Salary, less lawful deductions.
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Resignation for Good Cause. You may terminate this Agreement for Good Cause (as defined below) by giving the Company at least 30 days advance written notice, with specific details in said notice as to purported Good Cause. The Company reserves the right to either cure the alleged Good Cause or to accelerate the Termination Date. If your employment is terminated for Good Cause, and conditioned upon you timely signing, returning and not revoking a separation and general release agreement in a form satisfactory to the Company and provided you comply with the CIAA and the terms of this Agreement, the Company will provide you with severance as follows: (a) if your employment terminates for Good Reason during the Initial Term, the Company will continue to pay your regular base salary as severance for six months; and (b) at any time thereafter, the Company will continue to pay your regular base salary as severance for three months.
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Resignation for Good Cause. If the Employee resigns employment with “Good Cause,” the Employee shall be entitled to payment of Base Salary earned and unpaid as of the date of termination, and an amount equal to a pro-rata portion (based on the bonus plan year) of the Employee’s most recent bonus paid (i.e., for the prior bonus plan year) under the Management Bonus Plan less any payment made under the current year plan. In addition, the Employee shall be entitled to receive the Severance as set forth in the preceding subparagraph 7(C) in the same manner as set forth in that subparagraph. Notwithstanding anything in this paragraph or elsewhere in this Agreement, the Employee shall not be entitled to and shall not receive any Severance payments and benefits unless the Employee executes (and, as appropriate, does not revoke) a Separation Agreement (which shall include a General Release of claims) acceptable to GXS and in substantially the same form as the Separation Agreement attached hereto. Payment of Severance under this paragraph shall be the exclusive severance benefits available to the Employee, and shall be in lieu of any other severance or layoff benefit, or similar benefit, offered by GXS to its employees, and the Employee hereby waives the right to receive any severance or layoff benefit under any other plan, policy or practice. “Good Cause” means (i) a material diminution in the combined Base Salary and Bonus target; (ii) a material diminution in authority, duties or responsibilities; (iii) a material diminution in the budget over which the Employee retains authority; (iv) a material change in the geographic location at which the Employee is regularly required to provide services; (v) a material breach of this Agreement by GXS; (vi) a Change of Control Event. A “Change of Control Event” occurs when both a Change of Control Transaction and a Failure to Offer Comparable Employment occur, as defined below:
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Resignation for Good Cause. 39 SECTION 9.2 Dismissal For Cause....................................... 40
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Resignation for Good Cause. If the Employee shall terminate his employment under this Agreement pursuant to Section 13 for good reason, he shall be entitled to all payments and shall have all of the other rights to which he would have been entitled if the Company had terminated his employment pursuant to Section 13. For purposes of this Section 15, "good reason" shall mean the Employee's duties or responsibilities shall become substantially inconsistent with those of senior executive management of the Company, or the Company shall have materially breached its obligations under this Agreement and such breach shall not have been cured at the time the Employee terminates his employment.
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Related to Resignation for Good Cause

  • Resignation for Good Reason The Executive may resign from the Executive’s employment for Good Reason.

  • Termination for Good Cause During the Initial Term or a Renewal Term, a party (the “Terminating Party”) may only terminate the Agreement against the other party (the “Non-Terminating Party”) for good cause. For purposes of this Agreement, “good cause” shall mean:

  • Termination Without Cause; Resignation for Good Reason (i) If, prior to the expiration of the Term, the Executive’s employment with the Company is terminated by the Company without Cause or if the Executive resigns from his employment hereunder for Good Reason, then, in addition to the Termination Amount and the payment of any unpaid earned Bonus for the year immediately preceding the year in which such termination or resignation occurs, the Executive shall be entitled to receive: (1) an amount equal to the sum of the following amounts (collectively, the “Severance Amount”): (A) an amount equal to the pro rata portion of the Bonus for the year in which the termination or resignation occurs, calculated by multiplying (x) the Minimum Target Bonus for the year of termination by (y) a fraction, the numerator of which is the number of days the Executive was employed during the year of such termination or resignation and the denominator of which is 365; plus (B) if at the time of such termination or resignation the Executive is not “retirement eligible” within the meaning of the Company’s Equity Plan Retirement Policy (or if the Executive is “retirement eligible” and such termination or resignation occurs after a Change on Control or within six months of a Change of Control as described below), an amount equal to the Applicable Multiple (as defined below) multiplied by the sum of: (i) the Base Salary in effect for the year of termination or resignation and (ii) the Minimum Target Bonus; and 5 (2) continuation of applicable medical, dental and life insurance benefits (based on the coverage in effect for the Executive and his dependents at the time of such termination or resignation, but excluding any supplemental medical expense reimbursement insurance provided by the Company Group), from the date of termination or resignation until the earlier to occur of (A) the Applicable Multiple of years from the date of termination or (B) the date the Executive becomes eligible for comparable benefits provided by a third party (in either case, the “Continuation Period”); provided, however, that the continuation of such benefits shall be subject to the respective terms of the applicable plan, as in effect from time to time, and the timely payment by the Executive of his applicable share of the applicable premiums in effect from time to time during the Continuation Period. To the extent that reimbursable medical and dental care expenses constitute deferred compensation for purposes of Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”), the Company shall reimburse the medical and dental care expenses as soon as practicable consistent with the Company’s practice, but in no event later than the last day of the calendar year next following the calendar year in which such expenses are incurred. Notwithstanding the foregoing, if at the time of such termination or resignation (a) the Executive is “retirement eligible” within the meaning of the Company’s Equity Plan Retirement Policy and (b) a Change of Control has not occurred (and a Change of Control does not occur within six month following such termination or resignation and it is not reasonably demonstrated that such termination of employment or Good Reason event was in contemplation of the Change in Control during such six month period), then the Executive shall not receive the amount specified under Section 6(c)(1)(B) above but shall instead be eligible to receive the entitlements provided under the Company’s Equity Plan Retirement Policy, subject to and in accordance with the terms and conditions of such policy.

  • Termination for Good Reason The Employee's employment may be terminated by the Employee for Good Reason. For purposes of this Agreement, "Good Reason" shall mean:

  • Termination for Cause; Resignation Without Good Reason If the Company terminates Executive’s employment with the Company for Cause, or Executive resigns without Good Reason, then Executive will not be entitled to any further compensation from the Company (other than accrued salary, and accrued and unused vacation, through Executive’s last day of employment), including severance pay, pay in lieu of notice or any other such compensation.