Good Reason Definition Example with 7 Variations

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. Means the occurrence of any of the following events or conditions unless consented to by the Grantee (and the Grantee shall be deemed to have consented to any such event or condition unless the Grantee provides written notice of the Grantee's non-acquiescence within 30 days of the effective time of such event or condition): (i) a change in the Grantee's responsibilities or duties which represents a material and substantial diminution in the Grantee's responsibilities or duties as in effect... immediately preceding the change; (ii) a reduction in the Grantee's base salary to a level below that in effect at any time within six (6) months preceding the reduction; provided that an across-the-board reduction in the salary level of substantially all other individuals in positions similar to the Grantee's by the same percentage amount shall not constitute such a salary reduction; or (iii) requiring the Grantee to be based at any place outside a 50-mile radius from the Grantee's job location except for reasonably required travel on business. View More
Found in Sidoti & Company, Inc. contract

Variations

Good Reason. Means means the occurrence after a Corporate Transaction or Change in Control of any of the following events or conditions unless consented to by the Grantee (and the Grantee shall be deemed to have consented to any such event or condition unless the Grantee provides written notice of the Grantee's non-acquiescence within 30 thirty (30) days of the effective time of such event or condition): (i) a change in the Grantee's responsibilities or duties which that represents a material and... substantial diminution in the Grantee's responsibilities or duties as in effect immediately preceding the change; consummation of a Corporate Transaction or Change in Control; (ii) a reduction in the Grantee's base salary to a level below that in effect at any time within six (6) months preceding the reduction; consummation of a Corporate Transaction or Change in Control or at any time thereafter; provided that an across-the-board reduction in the salary level of substantially all other individuals in positions similar to the Grantee's by substantially the same percentage amount shall not constitute such a salary reduction; or (iii) requiring the Grantee to be based at any place outside a 50-mile radius from the Grantee's job location or residence prior to the Corporate Transaction or Change in Control except for reasonably required travel on business. business that is not materially greater than such travel requirements prior to the Corporate Transaction or Change in Control. View More
Found in 2 Contracts from 2 Companies
Good Reason. Means means, with respect to the occurrence termination by the Grantee of the Grantee's Continuous Service, that such termination is for "Good Reason" as such term (or word of like import) is expressly defined in a then-effective written agreement between the Grantee and the Company or a Related Entity, or in the absence of such then-effective written agreement and definition, means any of the following events or conditions unless consented to by the Grantee (and the Grantee shall be deemed to... have consented to any such event or condition unless the Grantee provides written notice of the Grantee's non-acquiescence within 30 days of the effective time of such event or condition): (i) a change in the Grantee's responsibilities or duties which represents a material and substantial diminution in the Grantee's responsibilities or duties as in effect immediately preceding the change; duties; (ii) a material reduction in the Grantee's base salary to a level below that in effect at any time within six (6) months preceding the reduction; salary; provided that an across-the-board reduction in the salary level of substantially all other individuals in positions similar to the Grantee's by the same percentage amount shall not constitute such a salary reduction; or (iii) requiring the Grantee to be based at any place outside a 50-mile 50 mile radius from the Grantee's job location or residence except for reasonably required travel on business. View More
Found in Elevate Credit, Inc. contract
Good Reason. Means with respect to the termination by the Grantee of the Grantee's Continuous Service, that such termination is for "Good Reason" as such term (or word of like import) is expressly defined in a then-effective written agreement between the Grantee and the Company or such Related Entity (including, but not limited to, the Award Agreement for a particular Award), or in the absence of such then-effective written agreement and definition, the occurrence after a Corporate Transaction or Change in... Control of any of the following events or conditions unless consented to by the Grantee (and the Grantee shall be deemed to have consented to any such event or condition unless the Grantee provides written notice of the Grantee's non-acquiescence within 30 days of the effective time of such event or condition): (i) a change in the Grantee's responsibilities or duties which represents a material and substantial diminution in the Grantee's responsibilities or duties as in effect immediately preceding the change; consummation of a Corporate Transaction or Change in Control; or (ii) a reduction in the Grantee's base salary to a level below that in effect at any time within six (6) months preceding the reduction; consummation of a Corporate Transaction or Change in Control or at any time thereafter; provided that an across-the-board reduction in the salary level of substantially all other individuals in positions similar to the Grantee's by the same percentage amount shall not constitute such a salary reduction; or (iii) requiring the Grantee to be based at any place outside a 50-mile 50 mile radius from the Grantee's job location as a result of a Corporate Transaction or Change in Control except for reasonably required travel on business. business which is not materially greater than such travel requirements prior to the Corporate Transaction or Change in Control View More
Found in Monarch Casino & Resort, Inc. contract
Good Reason. Means the The occurrence after a Corporate Transaction or Change in Control of any of the following events or conditions unless consented to by the Grantee (and the Grantee shall be deemed to have consented to any such event or condition unless the Grantee provides written notice of the Grantee's non-acquiescence within 30 thirty (30) days of the effective time of such event or condition): (i) a change in the Grantee's responsibilities or duties which that represents a material and substantial... diminution in the Grantee's responsibilities or duties as in effect immediately preceding the change; consummation of a Corporate Transaction or Change in Control; (ii) a reduction in the Grantee's base salary to a level below that in effect at any time within six (6) months preceding the reduction; consummation of a Corporate Transaction or Change in Control or at any time thereafter; provided that an across-the-board reduction in the salary level of substantially all other individuals in positions similar to the Grantee's by substantially the same percentage amount shall not constitute such a salary reduction; or (iii) requiring the Grantee to be based at any place outside a 50-mile radius from the Grantee's job location or residence prior to the Corporate Transaction or Change in Control except for reasonably required travel on business. business that is not materially greater than such travel requirements prior to the Corporate Transaction or Change in Control. View More
Found in Veritas Farms, Inc. contract
Good Reason. Means With respect to the termination by the Grantee of the Grantee's Continuous Service, that such termination is for 'Good Reason' as such term (or word of like import) is expressly defined in a then-effective written agreement between the Grantee and the Company or a Related Entity, or in the absence of such then-effective written agreement and definition, means the occurrence of any of the following events or conditions unless consented to by the Grantee (and the Grantee shall be deemed to... have consented to any such event or condition unless the Grantee provides written notice of the Grantee's non-acquiescence within 30 days of the effective time of such event or condition): (i) a change in the Grantee's responsibilities or duties which represents a material and substantial diminution in the Grantee's responsibilities or duties as in effect immediately preceding the change; responsibilities; (ii) a material reduction in the Grantee's base salary to a level below that in effect at any time within six (6) months preceding the reduction; salary; provided that an across-the-board reduction in the salary level of substantially all other individuals in positions similar to the Grantee's by the same percentage amount shall not constitute such a salary reduction; or (iii) requiring the Grantee to be based at any place outside a 50-mile 50 mile radius from the Grantee's job location or residence except for reasonably required travel on business. View More
Found in Krystal Biotech, Inc. contract
Good Reason. Means means, with respect to the termination by the Grantee of the Grantee's Continuous Service, that such termination is for "Good Reason" as such term (or word of like import) is expressly defined in a then-effective written agreement between the Grantee and the Company or a Related Entity, or in the absence of such then-effective written agreement and definition, means the occurrence of any of the following events or conditions unless consented to by the Grantee (and the Grantee shall be... deemed to have consented to any such event or condition unless the Grantee provides written notice of the Grantee's non-acquiescence within 30 days of the effective time of such event or condition): (i) a change in the Grantee's responsibilities or duties which represents a material and substantial diminution in the Grantee's responsibilities or duties as in effect immediately preceding the change; responsibilities; (ii) a material reduction in the Grantee's base salary to a level below that in effect at any time within six (6) months preceding the reduction; salary; provided that an across-the-board reduction in the salary level of substantially all other individuals in positions similar to the Grantee's by the same percentage amount shall not constitute such a salary reduction; or (iii) requiring the Grantee to be based at any place outside a 50-mile 50 mile radius from the Grantee's job location or residence except for reasonably required travel on business. View More
Found in Krystal Biotech, Inc. contract
Good Reason. Means means, "Good Reason" as such term (or word of like import) is expressly defined in a then-effective written agreement between the occurrence Grantee and the Company or a Related Entity, or in the absence of such then-effective written agreement and definition, any of the following events or conditions unless consented to by the Grantee (and the Grantee shall be deemed to have consented to any such event or condition unless the Grantee provides written notice of the Grantee's... non-acquiescence within 30 days of the effective time of such event or condition): (i) a change in the Grantee's responsibilities or duties which represents a material and substantial diminution in the Grantee's responsibilities or duties as in effect immediately preceding the change; duties; (ii) a material reduction in the Grantee's base salary to a level below that in effect at any time within six (6) months preceding the reduction; salary; provided that an across-the-board reduction in the salary level of substantially all other individuals in positions similar to the Grantee's by the same percentage amount shall not constitute such a salary reduction; or (iii) requiring the Grantee to be based at any place outside a 50-mile 50 mile radius from the Grantee's job location or residence except for reasonably required travel on business. View More
Found in Athenex, Inc. contract
All Definitions