Common use of Resignation of the Executive for Good Reason Clause in Contracts

Resignation of the Executive for Good Reason. (a) The Executive may resign for "Good Reason" (as herein defined), provided the event constituting such occurs at any time during the twelve (12)-month period following a "Change in Control" (as defined in Section 5(b)

Appears in 1 contract

Sources: Employment Agreement (Sovereign Bancorp Inc)

Resignation of the Executive for Good Reason. (a) The Executive may resign for "Good Reason" (as herein defined), provided the event constituting such occurs at any time ) during the twelve (12)-month period following Employment Period without regard to the occurrence of a "Change in Control" Control (as defined in Section 5(b)) hereof) (except for the event of Good Reason set forth in Section 5(a)(vii) for which the Executive may resign at any time during the two (2) year period following a Change in

Appears in 1 contract

Sources: Executive Agreement (Sovereign Bancorp Inc)