Common use of Termination by the Company Without Cause or Resignation by the Executive for Good Reason Clause in Contracts

Termination by the Company Without Cause or Resignation by the Executive for Good Reason. (i) The Executive's employment hereunder may be terminated without Cause by the Company upon written notice to the Executive. The Executive may also terminate his employment hereunder for "Good Reason" upon one (1) month's written notice to the Company within thirty (30) days of the occurrence of any of the following events (A) a material breach of this Agreement by the Company, which shall be interpreted to include without limitation a failure to pay the Executive his salary or bonus, a failure to provide the Executive his benefits, or a requirement that the Executive travel a significantly larger number of days than in the previous calendar year; (B) a material reduction in the Executive's duties or responsibilities; (C) a change in the Executive's reporting relationship so that he no longer reports directly to the President;

Termination by the Company Without Cause or Resignation by the Executive for Good Reason. (i) The Executive's employment hereunder may be terminated without Cause by the Company upon written notice to the Executive. The Executive may also terminate his employment hereunder for "Good Reason" upon one (1) month's written notice to the Company within thirty (30) days of the occurrence of any of the following events (A) a material breach of this Agreement by the Company, which shall be interpreted to include without limitation a failure to pay the Executive his salary or bonus, a failure to provide the Executive his benefits, or a requirement that the Executive travel a significantly larger number of days than in the previous calendar year; (B) a material reduction in the Executive's duties or responsibilities; (C) a change in the Executive's reporting relationship so that he no longer reports directly to the PresidentBoard;