Good Reason Definition Example with 11 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. Will mean, without your consent, the occurrence of any one or more of the following during the Term: (i) a material diminution in your authority, duties or responsibilities; (ii) any material breach of this agreement by the Corporation or of any material obligation of any member of the Manpower Group for the payment or provision of compensation or other benefits to you; (iii) a material diminution in your base salary or a failure by the Manpower Group to provide an arrangement for you for any... fiscal year of the Manpower Group giving you the opportunity to earn an incentive bonus for such year; (iv) your being required by the Corporation to materially change the location of your principal office; provided such new location is one in excess of fifty miles from the location of your principal office before such change; or (v) a material diminution in your annual target bonus opportunity for a given fiscal year within two years after the occurrence of a Change of Control, as compared to the annual target bonus opportunity for the fiscal year immediately preceding the fiscal year in which a Change of Control occurred. Notwithstanding Subsections 1(c)(i) – (v) above, Good Reason does not exist unless (i) you object to any material diminution or breach described above by written notice to the Corporation within twenty (20) business days after such diminution or breach occurs, (ii) the Corporation fails to cure such diminution or breach within thirty (30) days after such notice is given and (iii) your employment with the Manpower Group is terminated by you within ninety (90) days after such diminution or breach occurs. View More Arrow
Found in ManpowerGroup contract

Variations

Good Reason. Will mean, without your consent, the occurrence of any one or more of the following during the Term: following: (i) a material diminution in your Employee's authority, duties or responsibilities; (ii) any material breach of this agreement by the Corporation or of any material obligation of any member of the Manpower Group ManpowerGroup for the payment or provision of compensation or other benefits to you; Employee; (iii) a material diminution in your Employee's base salary or a failure by the... Manpower Group ManpowerGroup to provide an arrangement for you Employee for any fiscal year of the Manpower Group ManpowerGroup giving you Employee the opportunity to earn an incentive bonus for such year; (iv) your Employee's being required by the Corporation to materially change the location of your his principal office; provided such new location is one in excess of fifty miles from the location of your Employee's principal office before such change; or (v) a material diminution in your Employee's annual target bonus opportunity for a given fiscal year within two years after the occurrence of a Change of Control, Triggering Event, as compared to the annual target bonus opportunity for the fiscal year immediately preceding the fiscal year in which a Change of Control Triggering Event occurred. Notwithstanding Subsections 1(c)(i) – (v) the provisions above, Good Reason does not exist unless (i) you object Employee objects to any material diminution or breach described above by written notice to the Corporation within twenty (20) business days after such diminution or breach occurs, (ii) the Corporation fails to cure such diminution or breach within thirty (30) days after such notice is given and (iii) your Employee's employment with the Manpower Group ManpowerGroup is terminated by you Employee within ninety (90) days after such diminution or breach occurs. occurs View More Arrow
Found in ManpowerGroup contract
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