This page contains an example definition of Good Reason, followed by definitions with minor variations. You can view the differences between the example and variations by selecting the "Show Differences" option.
Good Reason. For purposes of this Agreement, you shall have "Good Reason" for resignation from employment with the Company if any of the following actions are taken by the Company without your prior written consent: (a) a material reduction in your Base Salary, which the parties agree is a reduction of at least 10% of your Base Salary (unless pursuant to a salary reduction program applicable generally to the Company's similarly situated employees); (b) a material reduction in your duties (including... responsibilities and/or authorities), provided, however, that a change in job position (including a change in title) shall not be deemed a "material reduction" in and of itself unless your new duties are materially reduced from the prior duties; or (c) relocation of your principal place of employment to a place that increases your one-way commute by more than fifty (50) miles as compared to your then-current principal place of employment immediately prior to such relocation. In order to resign for Good Reason, you must provide written notice to the Company's Board within 30 days after the first occurrence of the event giving rise to Good Reason setting forth the basis for your resignation, allow the Company at least 30 days from receipt of such written notice to cure such event, and if such event is not reasonably cured within such period, you must resign from all positions you then hold with the Company not later than 90 days after the expiration of the cure period.View More
Good Reason. For purposes of this Agreement, you shall have "Good Reason" for resignation from employment with the Company if any of the following actions are taken by the Company without your prior written consent: (a) a material reduction in your Base Salary, which the parties agree is a reduction of at least 10% of your Base Salary (unless pursuant to a salary reduction program applicable generally to the Company's similarly situated employees); (b) a material reduction in your duties (including... responsibilities and/or authorities), provided, however, that a change in job position (including a change in title) shall not be deemed a "material reduction" in authorities) other than the transition of duties, responsibilities and authorities to others within the Company as the Company's management team evolves (excluding oversight and management of itself unless your new duties are materially reduced from the prior duties; primary function); or (c) relocation of your principal place of employment to a place that increases your one-way commute by more than fifty (50) miles as compared to your then-current principal place of employment immediately prior to such relocation. relocation; provided that any relocation back to the Company office from remote work will not be considered a relocation of your principal place of employment with the Company for purposes of this definition. In order to resign for Good Reason, you must provide written notice to the Company's Board CEO within 30 days after the first occurrence of the event giving rise to Good Reason setting forth the basis for your resignation, allow the Company at least 30 days from receipt of such written notice to cure such event, and if such event is not reasonably cured within such period, you must resign from all positions you then hold with the Company not later than 90 days after the expiration of the cure period. View More
Good Reason. For purposes of this Agreement, you shall have "Good Reason" 'Good Reason' for your resignation from of your employment with will exist following the Company if occurrence of any of the following actions are taken by the Company without your prior written consent: (a) a material reduction in your Base Salary, which the parties agree is a reduction of at least 10% of your Base Salary (unless pursuant to a salary reduction program applicable generally to the Company's similarly situated... employees); (b) (i) a material reduction in your duties (including responsibilities and/or authorities), provided, however, that a change in job position (including a change in title) shall not be deemed a "material reduction" 'material reduction' in and of itself unless your new duties are materially substantially reduced from the prior duties; or (c) (ii) relocation of your principal place of employment to a place that increases your one-way commute by more than fifty (50) seventy five (75) miles as compared to your then-current then current principal place of employment immediately prior to such relocation. In relocation; or (iii) a reduction of at least 10% of your base salary or base compensation (unless pursuant to a salary or base compensation reduction program applicable generally to the Company's key employees), which percentage the parties agree is a 'material' reduction; provided, however, that in order to resign for Good Reason, you must (1) provide written notice to the Company's Board Company within 30 days after the first occurrence of the event giving rise to Good Reason setting forth the basis for your resignation, (2) allow the Company at least 30 days from receipt of such written notice to cure such event, and (3) if such event is not reasonably cured within such period, you must resign your resignation from all positions you then hold with the Company is effective not later than 90 days after the expiration of the cure period. View More
Good Reason. For purposes of this Agreement, you shall have "Good Reason" for resignation from employment with the Company if any of the following actions are taken by the Company without your prior written consent: (a) a material reduction in your Base Salary, which the parties agree is a reduction of at least 10% of your Base Salary (unless pursuant to a salary reduction program applicable generally to the Company's similarly situated employees); (b) (i) a material reduction in your duties (including or... responsibilities and/or authorities), provided, however, without your consent, provided that neither a change in job position (including title, nor a change in title) shall not your reporting relationships by virtue of the Company being acquired or made part of a larger entity (as, for example, where the Company becomes a subsidiary or operating unit of the acquiring or surviving entity following a Change in Control) will be deemed a "material reduction" in and of itself unless your new position, duties and responsibilities are materially reduced from the such prior duties; duties and responsibilities; (ii) a material reduction in your base salary, unless such reduction is made in connection with a similar action affecting all senior executives; or (c) (iii) a relocation of your principal place of employment to a place that increases your one-way commute by more than fifty (50) 50 miles as compared to your then-current principal place of employment immediately prior to such relocation. In order to resign for Good Reason, you must provide written notice to the Company's Board board of directors of the Company within 30 90 days after the first occurrence of the event giving rise to Good Reason setting forth the basis for your resignation, allow the Company at least 30 days from receipt of such written notice to cure such event, and if such event is not reasonably cured within such period, you must resign from all positions you then hold with the Company not later than 90 30 days after the expiration of the cure period. View More
Good Reason. For purposes of this Agreement, you shall have "Good Reason" for resignation resigning from employment with the Company if any of the following actions are taken by the Company without your prior written consent: (a) a material reduction in your Base Salary, which the parties agree is a reduction of at least 10% of your Base Salary (unless pursuant to a salary reduction program applicable generally to the Company's similarly situated employees); (b) (i) a material reduction in your duties ... class="diff-color-red">(including or responsibilities and/or authorities), provided, however, without your consent, provided that neither a change in job position (including title, nor a change in title) shall not your reporting relationships by virtue of the Company being acquired or made part of a larger entity (as, for example, where the Company becomes a subsidiary or operating unit of the acquiring or surviving entity following a Change in Control) will be deemed a "material reduction" in and of itself unless your new position, duties and responsibilities are materially reduced from the such prior duties; duties and responsibilities; (ii) a material reduction in your base salary, unless such reduction is made in connection with a similar action affecting all senior executives; or (c) (iii) a relocation of your principal place of employment to a place that increases your one-way commute by more than fifty (50) 50 miles as compared to your then-current principal place of employment immediately prior to such relocation. In order to resign for Good Reason, you must provide written notice to the Company's Board board of directors of the Company within 30 90 days after the first occurrence of the event giving rise to Good Reason setting forth the basis for your resignation, allow the Company at least 30 days from receipt of such written notice to cure such event, and if such event is not reasonably cured within such period, you must resign from all positions you then hold with the Company not later than 90 30 days after the expiration of the cure period. View More
Good Reason. For purposes of this Agreement, you shall have "Good Reason" for resignation from employment with the Company if any of the following actions are taken by the Company without your prior written consent: (a) a material reduction in your Base Salary, which the parties agree is a reduction of at least 10% of your Base Salary (unless pursuant to a salary reduction program applicable generally to the Company's similarly situated employees); (b) (i) a material reduction in your duties (including or... responsibilities and/or authorities), provided, however, without your consent, provided that neither a change in job position (including title, nor a change in title) shall not your reporting relationships by virtue of the Company being acquired or made part of a larger entity (as, for example, where the Company becomes a subsidiary or operating unit of the acquiring or surviving entity following a Change in Control) will be deemed a "material reduction" in and of itself unless your new position, duties and responsibilities are materially reduced from the such prior duties; duties and responsibilities; (ii) a material reduction in your base salary, unless such reduction is made in connection with a similar action affecting all senior executives; or (c) (iii) a relocation of your principal place of employment to a place that increases your one-way commute by more than fifty (50) 50 miles as compared to your then-current principal place of employment immediately prior to such relocation. In order to resign for Good Reason, you must provide written notice to the Company's Board board of directors of the Company within 30 90 days after the first occurrence of the event giving rise to Good Reason setting forth the basis for your resignation, allow the Company at least 30 days from receipt of such written notice to cure such event, and if such event is not reasonably cured within such period, you must resign from all positions you then hold with the Company not later than 90 30 days after the expiration of the cure period. View More
