Document ID: 10370

Text:
12.2 Good Reason. For purposes of this Agreement, Executive shall have Good Reason for resignation from employment with the Company if any of the following actions are taken by the Company without Executives prior written consent: (i) a reduction in Executives Base Salary, other than a reduction by less than ten percent ( 10% ) of the Executives highest Base Salary pursuant to a salary reduction program applicable generally to the Companys senior executives; (ii) a material reduction in Executives duties (including responsibilities and/or authorities) or reporting lines; (iii) a relocation of Executives principal place of employment to a place that increases Executives one-way commute by more than thirty (30) miles as compared to Executives then-current principal place of employment immediately prior to such relocation (excluding any relocation to the Companys Irvine, California office); or (iv) a material breach of this Agreement. In order for Executive to resign for Good Reason, each of the following requirements must be met: (w) Executive must provide written notice to the Companys Board within 60 days after the first occurrence of the event giving rise to Good Reason setting forth the basis for Executives resignation, (x) Executive must allow the Company at least calendar 30 days from receipt of such written notice to cure such event, (y) such event is not reasonably cured by the Company within such 30 calendar day period (the Cure Period), and (z) Executive must resign from all positions Executive then holds with the Company not later than calendar 30 days after the expiration of the Cure Period.

Named Entities:
61
62
Percentage
153
155
Address

Tokenized Text:
12
.
2
Good
Reason
.
For
purposes
of
this
Agreement
,
Executive
shall
have
Good
Reason
for
resignation
from
employment
with
the
Company
if
any
of
the
following
actions
are
taken
by
the
Company
without
Executives
prior
written
consent
:
(
i
)
a
reduction
in
Executives
Base
Salary
,
other
than
a
reduction
by
less
than
ten
percent
(
10
%
)
of
the
Executives
highest
Base
Salary
pursuant
to
a
salary
reduction
program
applicable
generally
to
the
Companys
senior
executives
;
(
ii
)
a
material
reduction
in
Executives
duties
(
including
responsibilities
and
/
or
authorities
)
or
reporting
lines
;
(
iii
)
a
relocation
of
Executives
principal
place
of
employment
to
a
place
that
increases
Executives
one-way
commute
by
more
than
thirty
(
30
)
miles
as
compared
to
Executives
then-current
principal
place
of
employment
immediately
prior
to
such
relocation
(
excluding
any
relocation
to
the
Companys
Irvine
,
California
office
)
;
or
(
iv
)
a
material
breach
of
this
Agreement
.
In
order
for
Executive
to
resign
for
Good
Reason
,
each
of
the
following
requirements
must
be
met
:
(
w
)
Executive
must
provide
written
notice
to
the
Companys
Board
within
60
days
after
the
first
occurrence
of
the
event
giving
rise
to
Good
Reason
setting
forth
the
basis
for
Executives
resignation
,
(
x
)
Executive
must
allow
the
Company
at
least
calendar
30
days
from
receipt
of
such
written
notice
to
cure
such
event
,
(
y
)
such
event
is
not
reasonably
cured
by
the
Company
within
such
30
calendar
day
period
(
the
Cure
Period
)
,
and
(
z
)
Executive
must
resign
from
all
positions
Executive
then
holds
with
the
Company
not
later
than
calendar
30
days
after
the
expiration
of
the
Cure
Period
.