Document ID: 10781

Text:
Good Reason shall mean, without Executives prior written consent, (i)a material diminution in Executives position or duties, authority or responsibilities including, without limitation, Executive ceasing to be an executive officer (as defined under Rule3b-7 of the Securities Exchange Act of 1934 , as amended (the Exchange Act )) of a company with a class of securities registered under Section12(b)of the Exchange Act ; ( ii)the assignment to Executive of any duties materially inconsistent with the duties and responsibilities of President and Chief Operating Officer , (iii)a reduction by the Company in Executives then-current Base Salary or Executives then-current Target Annual Bonus unless the salaries and target annual bonuses for all other senior executive officers are correspondingly and proportionately reduced by not greater than 15% and such reduction continues for no more than 12 months; (iv)Executives relocation to offices of the Company that are more than fifty (50) miles from the Companys offices in Yardley, Pennsylvania ; or (v)any action or inaction that constitutes a material breach of this Agreement by the Company. In order to invoke a termination for Good Reason, Executive must deliver a written notice of the grounds for such termination within thirty (30) days of the initial existence of the event giving rise to Good Reason and the Company shall have thirty (30) days to cure the circumstances. In order to terminate Executives employment, if at all, for Good Reason, Executive must terminate employment within sixty (60) days following the end of the cure period if the circumstances giving rise to Good Reason have not been cured.

Named Entities:
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42
Regulation
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49
Act
69
72
Regulation
96
96
Role
98
100
Role
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Percentage
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Address
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TerminationDate

Tokenized Text:
Good
Reason
shall
mean
,
without
Executives
prior
written
consent
,
(
i
)
a
material
diminution
in
Executives
position
or
duties
,
authority
or
responsibilities
including
,
without
limitation
,
Executive
ceasing
to
be
an
executive
officer
(
as
defined
under
Rule3b-7
of
the
Securities
Exchange
Act
of
1934
,
as
amended
(
the
Exchange
Act
)
)
of
a
company
with
a
class
of
securities
registered
under
Section12
(
b
)
of
the
Exchange
Act
;
(
ii
)
the
assignment
to
Executive
of
any
duties
materially
inconsistent
with
the
duties
and
responsibilities
of
President
and
Chief
Operating
Officer
,
(
iii
)
a
reduction
by
the
Company
in
Executives
then-current
Base
Salary
or
Executives
then-current
Target
Annual
Bonus
unless
the
salaries
and
target
annual
bonuses
for
all
other
senior
executive
officers
are
correspondingly
and
proportionately
reduced
by
not
greater
than
15
%
and
such
reduction
continues
for
no
more
than
12
months
;
(
iv
)
Executives
relocation
to
offices
of
the
Company
that
are
more
than
fifty
(
50
)
miles
from
the
Companys
offices
in
Yardley
,
Pennsylvania
;
or
(
v
)
any
action
or
inaction
that
constitutes
a
material
breach
of
this
Agreement
by
the
Company
.
In
order
to
invoke
a
termination
for
Good
Reason
,
Executive
must
deliver
a
written
notice
of
the
grounds
for
such
termination
within
thirty
(
30
)
days
of
the
initial
existence
of
the
event
giving
rise
to
Good
Reason
and
the
Company
shall
have
thirty
(
30
)
days
to
cure
the
circumstances
.
In
order
to
terminate
Executives
employment
,
if
at
all
,
for
Good
Reason
,
Executive
must
terminate
employment
within
sixty
(
60
)
days
following
the
end
of
the
cure
period
if
the
circumstances
giving
rise
to
Good
Reason
have
not
been
cured
.