Common use of RESIGNATION FOR REASON Clause in Contracts

RESIGNATION FOR REASON. Employee shall have the right to terminate her employment at any time for "good reason" (herein designated and referred to as "Reason"). The term Reason shall mean (i) the Company's failure or refusal to perform any obligations required to be performed in accordance with her Agreement after a reasonable notice and an opportunity to cure same, (ii) a material diminution in Employee's title, duties, responsibilities, reporting relationship or positions, (iii) the relocation of Employee's principal office location more than fifty (50) miles from its current location, and (iv) the failure of the Company to obtain the assumption in writing of its obligation to perform her Agreement by any successor to all or substantially all of the assets of the Company. Notwithstanding the occurrence of any such event or circumstance above, such occurrence shall not be deemed to constitute Reason hereunder if, within the thirty-day notice period, the event or circumstance giving rise to Reason has been fully corrected by the Company.

RESIGNATION FOR REASON. Employee shall have the right to terminate her his employment at any time for "good reason" (herein designated and referred to as "Reason"). The term Reason shall mean (i) the Company's failure or refusal to perform any obligations required to be performed in accordance with her this Agreement after a reasonable notice and an opportunity to cure same, (ii) a material diminution in Employee's title, duties, responsibilities, reporting relationship or positions, (iii) the relocation of Employee's principal office location more than fifty (50) miles from its current location, and (iv) the failure of the Company to obtain the assumption in writing of its obligation to perform her his Agreement by any successor to all or substantially all of the assets of the Company. Notwithstanding the occurrence of any such event or circumstance above, such occurrence shall not be deemed to constitute Reason hereunder if, within the thirty-day notice period, the event or circumstance giving rise to Reason has been fully corrected by the Company.