Termination For Good Reason

Termination For Good Reason. A termination of the Employee's employment by the Employee following the occurrence of any of the following events without the Employee's written consent: (i) a reduction in the Employee's then-current base salary or bonus target (other than in connection with a salary adjustment or bonus target adjustment generally applicable to similarly situated senior management employees); or (ii) any failure to offer the Employee the kind or level of benefits offered to similarly situated senior... management employees; or (iii) a significant diminution in the Employee's duties or responsibilities which results in the assignment of the Employee to a position inconsistent with the Employee's substantive area of expertise and experience; or (iv) the relocation of the Employee's primary business location to a location greater than 35 miles from the Employee's then-current primary business location; or (v) the failure to pay the Employee any portion of his or her current base salary, bonus or other deferred compensation within five (5) days of the date such compensation is due, based upon the payment terms currently in effect. View More