Resignation For Good Reason

Resignation For Good Reason. A Separation as a result of Executive's resignation from employment within 12 months after one of the following conditions has come into existence without Executive's consent: (i) a reduction in Executive's annual Base Salary by more than 10%, other than a general reduction that is part of a cost-reduction program that affects all similarly situated employees in substantially the same proportions, (ii) a relocation of Executive's principal workplace by more than 25 miles from its location prior... to such Change in Control or (iii) a material reduction of responsibilities, authority or duties, provided that neither a mere change in title alone nor reassignment following a Change in Control to a position that is similar to the position held prior to the Change in Control shall constitute a material reduction in job responsibilities. A Resignation for Good Reason will not be deemed to have occurred unless the employee gives the Company written notice of the condition within 90 days after the condition comes into existence and the Company fails to remedy the condition within 30 days after receiving such written notice. View More

Resignation For Good Reason. A Separation as a result of your resignation within 12 months after one of the following conditions has come into existence without your consent: (a) A reduction in your base salary or target bonus by more than 10%; (b) A material diminution of your authority, duties or responsibilities; or (c) A relocation of your principal workplace by more than 50 miles. Scott Young November 27, 2013 Page 6 A Resignation for Good Reason will not be deemed to have occurred unless you give the... Company written notice of the condition within 90 days after the condition comes into existence and the Company fails to remedy the condition within 30 days after receiving your written notice. View More

Resignation For Good Reason. Resignation for "Good Reason" shall mean Employee's voluntary termination, upon 30 days prior written notice to the Company promptly following: i) a material reduction in Employee's job duties, responsibilities and requirements inconsistent with Employee's position with the Company and Employee's prior duties, responsibilities and requirements; ii) any reduction of Employee's base compensation; or iii) once Employee has relocated to the Longmont, Colorado office, the Employee's refusal to... relocate to another Company facility or location more than thirty (30) miles from such Company's headquarters location; View More

Resignation For Good Reason. A Separation as a result of your resignation within three (3) months after one of the following conditions has come into existence without your consent: i. A reduction in your Base Salary by more than 10% (unless such reduction is part of a broad-based salary reduction applicable to the Company's senior management); miles ii. A material diminution of your authority, duties or responsibilities; or iii. A relocation of your principal workplace by more than forty (40) A Resignation for Good... Reason will not be deemed to have occurred unless you give the Company written notice of the condition within ninety (90) days after the condition comes into existence and the Company fails to remedy the condition within thirty (30) days after receiving your written notice. View More

Resignation For Good Reason. A Participant's resignation from all positions the Participant then holds with the Company and its Affiliates, resulting in a Separation from Service, within thirty (30) days after the expiration of the cure period set forth below, provided the Participant has given the Plan Administrator written notice of the occurrence of any of the following events taken without the Participant's written consent within thirty (30) days after the first occurrence of such event and the Company and its... Affiliates have not cured such event, to the extent curable, within thirty (30) days thereafter: (1) a material reduction in the Participant's annual base salary; (2) a material adverse change in Participant's position causing such position to be of materially reduced status or responsibility; (3) relocation of the Participant's principal place of employment to a place that increases the Participant's one-way commute by more than fifty (50) miles as compared to the Participant's then-current principal place of employment immediately prior to such relocation; or (4) the failure of any successor-in-interest to assume a material obligation of the Company under this Plan or material written contractual obligation to Participant, which (in either case) adversely affects the Participant. View More

Resignation For Good Reason. The term "Resignation for Good Reason" means a Separation as a result of the Executive's resignation within 12 months after one of the following conditions has come into existence without the Executive's written consent: (i) a material diminution in your compensation (except for across-the-board reductions affecting the Company's similarly situated employees generally), not to exceed 10%; (ii) a material diminution in your title, duties, authority, and... responsibilities within the Company; (iii) relocation of your principal workplace by more than fifty (50) miles away from the location which you were working immediately prior to the required relocation without your prior consent; or (iv) a material breach of the Company's obligation under any agreement between the Company and you. A Resignation for Good Reason shall not be deemed to have occurred unless the Executive gives the Company written notice of the condition within 60 days after the condition comes into existence and the Company fails to remedy the condition within 30 days after receiving the Executive's written notice. View More

Resignation For Good Reason. Means, subject to the right of either party to arbitrate a dispute with respect thereto in accordance with Section 12 below, Executive's resignation as a result of, and within 30 days following: (i) a change in Executive's position such that he is not a corporate officer of the Company (or a successor company, in the event of a Change of Control); (ii) a significant and substantial reduction in Executive's job, duties, or responsibilities in a manner that is substantially and materially... inconsistent with the position, duties, or responsibilities held by Executive immediately before such reduction; (iii) any reduction in Executive's base salary other than in connection with and consistent with a general reduction of all officer base salaries; or (iv) a relocation of the Company's executive offices to a location more than 50 miles away from their current location provided such change increases Executive's commute by 25 miles or 45 minutes. View More

Resignation For Good Reason. Shall mean a resignation by Employee following a Change of Control and following the occurrence of one of the following: (i) a material reduction in the Employee's salary; (ii) a material reduction in the Employee's duties, responsibilities or authority; or (iii) a change of fifty (50) miles or more of the geographic location at which the Employee must primarily perform services for the Company; provided, however, if the Employee is asked to work in Wilmington, North Carolina or Raleigh,... North Carolina, this Section 4(g)(iii) shall not apply. Any purported Resignation for Good Reason pursuant to Section 4(g)(i) through (g)(iii) above will not be effective until the Employee has delivered to the Company, within sixty (60) days of the initial existence of the Good Reason condition, a written explanation that describes the basis for the Employee's belief that the Employee should be permitted to terminate the Employee's -6- employment and have it treated as a Resignatioin for Good Reason and the Company has been given thirty (30) days following delivery of such notice to cure any curable violation. In no instance will a resignation by Employee be deemed to be a Resignation for Good Reason if it is made more than twelve (12) months following the initial existence of one or more of the conditions that constitute Good Reason hereunder. View More

Resignation For Good Reason. The Executive shall be deemed to have resigned with "Good Reason" if he resigns after any of the following actions are taken without his written consent: (x) the reduction of the Executive's cash compensation by more than 10%; (y) a material change in the Executive's job title, reporting structure, duties, or authority; or (z) the relocation of the Executive's principal place of work by 30 or more miles.

Resignation For Good Reason. Resignation for "Good Reason" shall mean Executive's voluntary termination, upon thirty (30) days prior written notice to the Company, following the occurrence of any of the following, provided, that the Company has not cured such event within such thirty (30) days following the receipt of such notice: (i) a material reduction or change in Executive's title or job duties, responsibilities and requirements inconsistent with Executive's position with the Company and Executive's prior duties,... responsibilities and requirements; (ii) any reduction of Executive's then in effect Base Salary or Executive's target Bonus as set forth in Section 3(b). (iii) Executive's refusal to relocate to a facility or location more than thirty (30) miles from the Company's current corporate headquarters; or (iv) any material breach of this Agreement by Company. View More