Good Reason Definition Example with 5 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, without the Executive's consent, (i) a reduction in the Executive's annual base salary (except pursuant to a reduction generally applicable to senior executives of the Company), (ii) a material diminution of Executive's authority or responsibilities, (iii) a reduction of Executive's title, (iv) Executive ceasing to report directly to the Chief Executive Officer of the Company or the entity holding all or substantially all of the Company's assets following a Change of Control, or (v)...
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Found in
Williams-Sonoma Inc contract
Variations
Good Reason. Means, means, without the Executive's consent, (i) a material reduction in the Executive's annual base salary (except pursuant to a reduction generally applicable to senior executives of the Company), (ii) a material diminution of Executive's authority authority, duties or responsibilities, (iii) a reduction if Executive reported directly to the Chief Executive Officer of Executive's title, (iv) the Company immediately prior to the Change of Control, Executive ceasing to report directly to the...
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Found in
Williams-Sonoma Inc contract
Good Reason. Means, without the Executive's consent, (i) a reduction in the Executive's annual base salary Base Salary (except pursuant to a reduction generally applicable to senior executives of the Company), (ii) a material diminution of Executive's authority or responsibilities, (iii) a reduction of Executive's title, or (iv) Executive ceasing to report directly to the Chief Executive Officer of the Company or the entity holding all or substantially all of the Company's assets following a Change of...
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Found in
Williams-Sonoma Inc contract
Good Reason. Means, means, without the Executive's consent, (i) a reduction in the Executive's annual base salary (except pursuant to a reduction generally applicable to senior executives of the Company), (ii) a material diminution of Executive's authority or responsibilities, (iii) a reduction of Executive's title, (iv) if Executive reported directly to the Chief Executive Officer of the Company immediately prior to the Change of Control, Executive ceasing to report directly to the Chief Executive Officer...
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Found in
Williams-Sonoma Inc contract
Good Reason. Means, without the Executive's consent, (i) a reduction in the Executive's annual base salary (except pursuant to a reduction generally applicable to senior executives of the Company), (ii) a material diminution of Executive's authority or responsibilities, (iii) a reduction of Executive's title, (iv) Executive ceasing to report directly to the Chief Executive Officer Board of the Company or the entity holding all or substantially all of the Company's assets following a Change of Control, acquirer, or (v) relocation of the Executive to a location more than 50 miles from the Company's San Francisco, California main office location. In addition, upon any such voluntary termination for Good Reason the Executive must provide written notice to the Company of the existence of the one or more of the above conditions within 90 days of its initial existence and the Company must be provided with at least 30 days to remedy the condition.
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Found in
Williams-Sonoma Inc contract
Good Reason. Means, means, without the Executive's consent, (i) a reduction in the Executive's annual base salary (except pursuant to a reduction generally applicable to senior executives of the Company), (ii) a material diminution of Executive's authority or responsibilities, (iii) a reduction of Executive's title, (iv) Executive ceasing to report directly to the Chief Executive Officer Board of the Company or the entity holding all or substantially all of the Company's assets following a Change of...
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Found in
Williams-Sonoma Inc contract