Specific Reason

Specific Reason. Shall mean the Termination of Employment at the end of the Term by Executive because of the transfer of Executive from the position of Executive Vice President and President of Beverly Health and Rehabilitation Services, Inc. to the new position of Executive Vice President - Innovative Services which occurred in January, 2001. The Company recognizes such transfer as an employment action which entitled Executive to receive the benefits ... described under the Employment Contract dated August 22, 1997 and for which Executive shall receive severance benefits under the terms of this Agreement. View More

Specific Reason. Shall mean Termination of Employment triggered by Executive at any time by giving written notice of intent to terminate employment to Company's Executive Vice President, Law and Government Relations, and Secretary. Company and Executive recognize and agree that the Company's reorganization in January, 2001 created a right for Executive to terminate his employment for "Good Reason" under his Employment Contract dated August 22, 1997 ... which entitled Executive to receive severance benefits. Because Executive has elected to continue his employment with the Company notwithstanding his entitlement to severance benefits under his August 22, 1997 Employment Contract, Company agrees that Executive will receive the severance and other benefits described in this Agreement at such time as he triggers Termination of Employment for "Specific Reason". View More