Good Reason definition: Copy, customize, and use instantly
Introduction
The term "Good Reason" refers to a condition or event that justifies a party’s right to terminate an agreement or contract, particularly in employment or executive agreements. It is important for ensuring fairness and protecting the party’s interests in cases of specific circumstances such as breach of terms, failure to perform, or changes in responsibilities.
Below are various examples of how "Good Reason" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Good Reason" as termination for cause
This definition ties "Good Reason" to a specific cause for termination.
"Good Reason" means a material breach of this Agreement by the other party, which the other party fails to cure within a reasonable period after receiving written notice of such breach.
Definition of "Good Reason" as performance failure
This definition connects "Good Reason" to failure in performance.
"Good Reason" refers to a failure by the other party to fulfill a substantial obligation under this Agreement, including failure to perform duties or meet agreed-upon performance standards, which is not cured within the specified time.
Definition of "Good Reason" as a change in job responsibilities
This definition links "Good Reason" to significant changes in responsibilities.
"Good Reason" means any material change in the job responsibilities or position of the employee, including a reduction in authority, responsibility, or compensation, without the employee’s consent.
Definition of "Good Reason" as adverse action taken by the employer
This definition connects "Good Reason" to adverse employer actions.
"Good Reason" refers to any action taken by the employer that results in a significant reduction in compensation, benefits, or job security, or any other action that adversely impacts the employee’s role, without proper consent.
Definition of "Good Reason" as non-compliance with terms
This definition ties "Good Reason" to non-compliance with contractual terms.
"Good Reason" means any failure by the other party to comply with a material term of this Agreement, which remains uncured after a reasonable cure period following written notice.
Definition of "Good Reason" as executive compensation changes
This definition links "Good Reason" to changes in executive compensation.
"Good Reason" means any material reduction in the executive’s base salary, bonus structure, or benefits, which significantly alters the compensation package agreed upon in this Agreement.
Definition of "Good Reason" as constructive dismissal
This definition connects "Good Reason" to constructive dismissal.
"Good Reason" refers to a constructive dismissal, where an employer's actions or failure to act results in a situation where the employee is effectively forced to resign, such as in cases of undue change in job duties or compensation.
Definition of "Good Reason" as unauthorized actions
This definition ties "Good Reason" to unauthorized actions by the other party.
"Good Reason" means any unauthorized action taken by the other party, such as modifying the terms of the Agreement without consent or making decisions that undermine the interests of the party entitled to terminate.
Definition of "Good Reason" as a significant deterioration in work conditions
This definition links "Good Reason" to a significant deterioration in work conditions.
"Good Reason" refers to a significant and detrimental change in the work environment, such as a hostile workplace or other significant changes in working conditions that are not remedied within a specified period.
Definition of "Good Reason" as failure to provide required notice
This definition connects "Good Reason" to failure to provide required notice.
"Good Reason" means a failure by the other party to provide adequate or timely notice of termination or material changes to the Agreement, as specified within the contract terms.
Definition of "Good Reason" as material reduction in authority
This definition ties "Good Reason" to a material reduction in authority.
"Good Reason" refers to a material reduction in the individual’s authority, such as a demotion or reduction in decision-making power, without their consent.
Definition of "Good Reason" as unjustified resignation
This definition links "Good Reason" to unjustified resignation by the employer.
"Good Reason" means any situation in which the employee is forced to resign due to unjustified actions taken by the employer, such as unreasonable job changes or reductions in role or compensation.
Definition of "Good Reason" as failure to meet contractual obligations
This definition connects "Good Reason" to the failure to meet obligations.
"Good Reason" refers to any instance in which the other party fails to fulfill significant obligations under the terms of this Agreement, and such failure is not remedied within the agreed cure period.
Definition of "Good Reason" as violation of laws or regulations
This definition links "Good Reason" to violations of laws.
"Good Reason" means any violation of applicable laws or regulations by the other party that materially affects the performance of this Agreement and is not remedied within a reasonable time after notification.
Definition of "Good Reason" as any event materially damaging to the employee’s career
This definition ties "Good Reason" to an event that damages the employee’s career.
"Good Reason" refers to any event or series of events that materially damages the employee’s professional reputation, career progression, or standing within the industry, caused by the actions of the employer.
Definition of "Good Reason" as material change in employment terms
This definition ties "Good Reason" to a material change in employment terms.
"Good Reason" means any material change in the terms of employment, such as a significant reduction in job responsibilities, duties, or compensation, that is not consented to by the employee.
Definition of "Good Reason" as health-related circumstances
This definition connects "Good Reason" to health-related issues.
"Good Reason" refers to any significant health-related circumstance that substantially impacts the employee’s ability to perform essential job functions, including physical or mental health issues, which the employer fails to accommodate appropriately.
Definition of "Good Reason" as failure to meet business objectives
This definition links "Good Reason" to unmet business objectives.
"Good Reason" refers to any failure by the other party to meet clearly defined business objectives or contractual milestones, which prevents the party from achieving expected results under the terms of this Agreement.
Definition of "Good Reason" as substantial change in reporting structure
This definition ties "Good Reason" to a change in reporting structure.
"Good Reason" means any significant change in the employee’s reporting structure, including a reassignment to report to a lower-level position or an individual with less authority, without the employee’s consent.
Definition of "Good Reason" as breach of implied duties
This definition connects "Good Reason" to a breach of implied duties.
"Good Reason" refers to a breach of implied duties or fundamental obligations by the other party, such as failing to act in good faith, resulting in a material adverse impact on the other party’s rights or interests.
Definition of "Good Reason" as failure to provide required resources
This definition links "Good Reason" to the failure to provide required resources.
"Good Reason" means the failure by the other party to provide the necessary resources, tools, or support needed for the proper execution of duties, which significantly hinders the party’s ability to perform under this Agreement.
Definition of "Good Reason" as non-payment of agreed compensation
This definition ties "Good Reason" to non-payment of compensation.
"Good Reason" refers to the failure by the other party to pay agreed compensation, including salary, benefits, or bonuses, in accordance with the terms of the Agreement.
Definition of "Good Reason" as failure to engage in good faith negotiations
This definition connects "Good Reason" to failure in good faith negotiations.
"Good Reason" means any failure by the other party to engage in good faith negotiations or discussions regarding necessary amendments, extensions, or clarifications of the Agreement, thereby preventing the contract’s effective implementation.
Definition of "Good Reason" as a breach of fiduciary duty
This definition links "Good Reason" to a breach of fiduciary duty.
"Good Reason" refers to any breach of fiduciary duty by the other party, including failure to act in the best interests of the party, resulting in significant harm or detriment.
Definition of "Good Reason" as non-fulfillment of contractual representations
This definition ties "Good Reason" to the non-fulfillment of representations.
"Good Reason" refers to a failure by the other party to fulfill essential representations made under the Agreement, such as misstatements regarding qualifications, resources, or financial standing.
Definition of "Good Reason" as any unlawful action
This definition connects "Good Reason" to unlawful actions.
"Good Reason" means any unlawful action taken by the other party that results in a material adverse effect on the other party’s ability to comply with the Agreement, such as fraud, misrepresentation, or illegal conduct.
Definition of "Good Reason" as a substantial demotion
This definition links "Good Reason" to a substantial demotion.
"Good Reason" refers to a substantial demotion in position, title, or responsibility, which negatively impacts the individual’s role and standing within the organization, without consent from the individual.
Definition of "Good Reason" as unilateral changes to terms
This definition ties "Good Reason" to unilateral changes by the other party.
"Good Reason" refers to any unilateral change made by the other party to the terms of the Agreement, including changes in job responsibilities, compensation, or working conditions, without the consent of the affected party.
Definition of "Good Reason" as failure to meet contractual obligations
This definition connects "Good Reason" to failure to meet obligations.
"Good Reason" means any failure by the other party to meet their material obligations under the Agreement, which results in a significant adverse effect on the performance or continuation of the contract.
Definition of "Good Reason" as the other party’s misconduct
This definition ties "Good Reason" to misconduct by the other party.
"Good Reason" refers to any act of misconduct, unethical behavior, or breach of trust by the other party, which materially impacts the relationship or performance under this Agreement, and provides just cause for termination.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.