Common use of Termination by Employee with Good Reason Clause in Contracts

Termination by Employee with Good Reason. Employee may terminate Employee’s employment with Good Reason by providing the Company thirty (30) days’ written notice setting forth in reasonable specificity the event that constitutes Good Reason (which notice must be given no later than ninety (90) days after the initial occurrence of such event). During such thirty (30) day notice period, the Company shall have a cure right, and if not cured within such period, Employee’s termination will be effective upon the expiration of such cure period, and Employee shall be entitled to the same payments and benefits as provided in Section 4(d) above for a termination by the Company without Cause, subject to the same conditions on payment and benefits as described in Section 4(d) above. Following such termination of Employee’s employment by Employee with Good Reason, except as set forth in this Section 4(e), Employee shall have no further rights to any compensation or any other benefits under this Agreement or otherwise.

Appears in 3 contracts

Sources: Employment Agreement (Wildfire New PubCo, Inc.), Employment Agreement (Wildfire New PubCo, Inc.), Employment Agreement (Wildfire New PubCo, Inc.)

Termination by Employee with Good Reason. Employee may terminate Employee’s his employment with Good Reason by providing the Company thirty (30) days’ written notice setting forth in reasonable specificity the event that constitutes Good Reason (Reason, which notice written notice, to be effective, must be given no later than ninety provided to the Company within sixty (9060) days after of the initial occurrence of such event). During such thirty (30) day notice period, the Company shall have a cure rightright (if curable), and if not cured within such period, Employee’s termination will be effective upon the expiration of such cure period, and Employee shall be entitled to the same payments and benefits as provided in Section 4(d3(d) above for a termination by the Company without Cause, subject to the same conditions on payment and benefits as described in Section 4(d3(d) above. Following such termination of Employee’s employment by Employee with Good Reason, except as set forth in this Section 4(e3(e), Employee shall have no further rights to any compensation or any other benefits under this Agreement or otherwiseAgreement.

Appears in 3 contracts

Sources: Non Interference and Severance Agreement, Non Interference and Severance Agreement (United Maritime Group, LLC), Non Interference and Severance Agreement (United Maritime Group, LLC)

Termination by Employee with Good Reason. Employee may terminate Employee’s employment with Good Reason by providing the Company thirty (30) days’ written notice setting forth in reasonable specificity the event that constitutes Good Reason (which notice must be given no later than ninety (90) days after the initial occurrence of such event). During such thirty (30) day notice period, the Company shall have a cure rightright (if curable), and if not cured within such period, Employee’s termination will be effective upon the expiration of such cure period, and Employee shall be entitled to the same payments and benefits as provided in Section 4(d8(d) above for a termination by the Company without Cause, subject to the same conditions on payment and benefits as described in Section 4(d8(d) above. Following such termination of Employee’s employment by Employee with Good Reason, except as set forth in this Section 4(e8(e), Employee shall have no further rights to any compensation or any other benefits under this Agreement or otherwiseAgreement.

Appears in 2 contracts

Sources: Employment Agreement (Emerald Oil, Inc.), Employment Agreement (Emerald Oil, Inc.)

Termination by Employee with Good Reason. Employee may terminate Employee’s his employment with Good Reason by providing the Company thirty (30) days’ written notice setting forth in reasonable specificity the event that constitutes Good Reason (Reason, which notice written notice, to be effective, must be given no later than ninety provided to the Company within sixty (9060) days after of the initial occurrence of such event). During such thirty (30) day notice period, the Company shall have a cure rightright (if curable), and if not cured within such period, Employee’s termination will be effective upon the expiration of such cure period, and Employee shall be entitled to the same payments and benefits as provided in Section 4(d8(d) above for a termination by the Company without Cause, subject to the same conditions on payment and benefits as described in Section 4(d8(d) above. Following such termination of Employee’s employment by Employee with Good Reason, except as set forth in this Section 4(e8(e), Employee shall have no further rights to any compensation or any other benefits under this Agreement or otherwiseAgreement.

Appears in 1 contract

Sources: Employment Agreement (United Maritime Group, LLC)

Termination by Employee with Good Reason. Employee may terminate Employee’s his employment with Good Reason by providing the Company thirty ten (3010) days’ written notice setting forth in reasonable specificity the event that constitutes Good Reason (Reason, which notice written notice, to be effective, must be given no later than ninety provided to the Company within sixty (9060) days after of the initial occurrence of such event). During such thirty ten (3010) day notice period, the Company shall have a cure rightright (if curable), and if not cured within such period, Employee’s termination will be effective upon the expiration of such cure period, and Employee shall be entitled to the same payments and benefits as provided in Section 4(d3(d) above for a termination by the Company without Cause, subject to the same conditions on payment and benefits as described in Section 4(d3(d) above. Following such termination of Employee’s employment by Employee with Good Reason, except as set forth in this Section 4(e3(e), Employee shall have no further rights to any compensation or any other benefits under this Agreement or otherwiseAgreement.

Appears in 1 contract

Sources: Non Interference and Severance Agreement (United Maritime Group, LLC)

Termination by Employee with Good Reason. Employee may terminate Employee’s his employment with Good Reason by providing the Company thirty (30) days’ written notice setting forth in reasonable specificity the event that constitutes Good Reason (Reason, which notice written notice, to be effective, must be given no later than provided to the Company within ninety (90) days after of the initial occurrence of such event). During such thirty (30) day notice period, the Company shall have a cure rightright (if curable), and if not cured within such period, Employee’s termination will be effective upon Employee must terminate within five (5) business days of the expiration of such cure period, and Employee shall be entitled to the same payments and benefits as provided in Section 4(d8(d) above for a termination by the Company without Cause, subject to the same conditions on payment and benefits as described in Section 4(d8(d) above. Following such termination of Employee’s employment by Employee with Good Reason, except as set forth in this Section 4(e8(e), Employee shall have no further rights to any compensation or any other benefits under this Agreement or otherwiseAgreement.

Appears in 1 contract

Sources: Employment Agreement (Spheris Inc.)

Termination by Employee with Good Reason. Employee may terminate Employee’s his employment with the Company for Good Reason by providing the Company thirty (30) days’ written notice setting forth in reasonable specificity the event that constitutes Good Reason (Reason, which notice written notice, to be effective, must be given no later than ninety provided to the Company within sixty (9060) days after of the initial occurrence of such event). During such thirty (30) day notice period, the Company shall have a cure rightright (if such event is curable), and if such event is not reasonably cured within such period, Employee’s termination will be effective upon the expiration of such cure period, and Employee shall be entitled to the same payments and benefits as provided in Section 4(d7(d) above for a termination of Employee’s employment by the Company without Cause, subject to the same conditions on payment and benefits as described in Section 4(d7(d) above. Following such termination of by Employee’s employment by Employee with Good Reason, except as set forth in this Section 4(e7(e) and Section 7(h), Employee shall have no further rights to any compensation or any other benefits under this Agreement or otherwiseAgreement.

Appears in 1 contract

Sources: Employment Agreement (Sturm Ruger & Co Inc)