Plastic2Oil Inc (PTOI)

[Johnik]

I also didn't see where "Janice" said that it does not appear to apply.

All you need to do is click back a couple posts in this thread. Here's a quote:

You can read about "good reason" in the document; it doesn't really seem to fit.

And thanks for the link to the amended employment agreement, which contains an identical definition to the one I posted.

3.3.3 Good Reason. “Good Reason” shall mean the Employee’s termination of his employment upon the occurrence of a material reduction in the Employee’s duties, authority, or responsibilities relative to the duties, authority, or responsibilities in effect immediately prior to such reduction. Provided, however that, such termination by the Employee shall only be deemed for Good Reason pursuant to the foregoing definition if: (a) the Employee gives the Company written notice of the intent to terminate for Good Reason within thirty (30) days following the first notice to the Employee of the occurrence of the condition(s) that the Employee believes constitutes Good Reason, which notice shall describe such condition(s); (b) the Company fails to remedy such condition(s) within sixty (60) days following receipt of the written notice; and (c) any termination for Good Reason must take place within a one year period following the Company’s failure to cure such conditions constituting Good Reason.