Good Reason Definition Example with 4 Variations

Good Reason. Means means the occurrence of any of the following without the Holder's prior written consent: (i) a material adverse change in the Holder's position, authority, duties or responsibilities, excluding a change in reporting relationships; (ii) a material reduction in the Holder's base salary; (iii) a material diminution of the Holder's employee benefits (including but not limited to medical, dental, life insurance and long-term disability plans); or (iv) the relocation of the Holder's principal... place of employment by more than 50 miles from such location as of the Grant Date. Notwithstanding the foregoing, a "Good Reason" shall not exist unless the Holder notifies the Company of the existence of the condition described in this Section 1(g) within ninety (90) days of the initial existence of the condition and the Company does not remedy the condition within thirty (30) days following receipt of such notice. View More

Good Reason. Means the occurrence of any of the following without the Holder's prior written consent: (i) a material adverse change in the Holder's position, authority, duties or responsibilities, excluding a change in reporting relationships; (ii) a material reduction in the Holder's base salary; (iii) a material diminution of the Holder's employee benefits (including but not limited to medical, dental, life insurance and long-term disability plans); or (iv) the relocation of the Holder's principal place... of employment by more than 50 miles from such location as of the Grant Date. Notwithstanding the foregoing, a "Good Reason" shall not exist unless the Holder notifies the Company of the existence of the condition described in this Section 1(g) within ninety (90) days of the initial existence of the condition and the Company does not remedy the condition within thirty (30) days following receipt of such notice. View More

Good Reason. Means means the occurrence of any of the following without the Holder's prior written consent: (i) a material adverse change in the Holder's position, authority, duties or responsibilities, excluding a change in reporting relationships; (ii) a material reduction in the Holder's base salary; (iii) a material diminution of the Holder's employee benefits (including but not limited to medical, dental, life insurance and long-term disability plans); or (iv) the relocation of the Holder's principal... place of employment by more than 50 miles from such location as of the Grant Date. Date; or (v) should Steven Pickett no longer serve as the Company's Chief Executive Officer for any reason. Notwithstanding the foregoing, a "Good Reason" shall not exist unless the Holder notifies the Company of the existence of the condition described in this Section 1(g) 1(c) within ninety (90) days of the initial existence of the condition and the Company does not remedy the condition within thirty (30) days following receipt of such notice. View More

Good Reason. Means means the occurrence of any of the following without the Holder's prior written consent: (i) a material adverse change in the Holder's position, authority, duties or responsibilities, excluding a change in reporting relationships; (ii) a material reduction in the Holder's base salary; (iii) a material diminution of the Holder's employee benefits (including but not limited to medical, dental, life insurance and long-term disability plans); or (iv) the relocation of the Holder's principal... place of employment by more than 50 miles from such location as of the Grant Date. Date; ; or (v) should Steven Pickett no longer serve as the Company's Chief Executive Officer for any reason. Notwithstanding the foregoing, a "Good Reason" shall not exist unless the Holder notifies the Company of the existence of the condition described in this Section 1(g) 1(i) within ninety (90) days of the initial existence of the condition and the Company does not remedy the condition within thirty (30) days following receipt of such notice. View More