Common use of Cancellation or Reduction of Services Clause in Contracts

Cancellation or Reduction of Services. The General Partner may terminate or reduce the level of any of the Employee Functions on 30 days’ prior written notice to Hess. In the event the General Partner terminates the Employee Functions, the General Partner shall, or shall cause another member of the Public Company Group to, pay Hess the applicable monthly portion of the Secondment Fee for the last month (or portion thereof) in which it received Employee Functions. Upon payment thereof, the General Partner shall have no further payment obligation to Hess under this Agreement.

Appears in 4 contracts

Samples: Employee Secondment Agreement, Employee Secondment Agreement (Hess Midstream Partners LP), Employee Secondment Agreement (Hess Midstream Partners LP)

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Cancellation or Reduction of Services. The General Partner may terminate or reduce the level of any of the Employee Functions on 30 days’ prior written notice to Hess. In the event the General Partner terminates the Employee Functions, the General Partner shall, or shall cause another member HESM or one of its Subsidiaries, on behalf of the Public Company Group toGroup, to pay Hess the applicable monthly portion of the Secondment Fee for the last month (or portion thereof) in which it received Employee Functions. Upon payment thereof, the General Partner Public Company Group shall have no further payment obligation to Hess under this Agreement.

Appears in 2 contracts

Samples: Employee Secondment Agreement (Hess Midstream LP), Partnership Restructuring Agreement (Hess Midstream Partners LP)

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Cancellation or Reduction of Services. The General Partner may terminate or reduce the level of any of the Employee Functions on 30 days’ prior written notice to Hess. In the event the General Partner terminates the Employee Functions, the General Partner shall, or shall cause another member of the Public Company Group to, pay Hess the applicable monthly portion of the Secondment Fee for the last month (or portion thereof) in which it received Employee Functions. Upon payment thereof, the General Partner shall have no further payment obligation to Hess under this Agreement.

Appears in 2 contracts

Samples: Employee Secondment Agreement (Hess Midstream Partners LP), Employee Secondment Agreement (Hess Midstream Partners LP)

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