Common use of Employee’s No Cause Termination Clause in Contracts

Employee’s No Cause Termination. In the event Employee terminates Employee’s employment under this Agreement without cause, Employer will have no further liability or obligations whatsoever to Employee hereunder. Employer will be entitled to all of Employer’s rights and remedies by reason of such termination, including without limitation, the right to enforce the covenants and agreements contained in Section 8 and Employer’s right to recover damages. 10.4.1 In the event the current Chief Executive Officer (CEO) of MGM Resorts International, Xxxxx X. Xxxxxx, ceases to be the Company’s CEO at any time during the Specified Term, and Employee is not selected as the successor CEO, Employee shall have the right to terminate his employment and this Agreement under the following conditions (the “Special No-Cause Termination”): (a) Employee shall have forty-five (45) days from the date he is notified that he has not been selected as successor CEO to notify the Company of his decision to exercise this Special No-Cause Termination. (b) Employee must continue to perform his duties on a full-time and exclusive basis and fully cooperate and provide meaningful assistance in transitioning his responsibilities for a period of ninety (90) days (the “Transition Period”), and may not otherwise breach any provision of this Agreement. (c) Upon conclusion of the Transition Period, Employee’s employment shall be terminated and Employee shall be released from the covenants and obligations contained in Section 8.1, subject to, conditioned upon, and in consideration of Employee’s execution, within twenty-one (21) days following the date of Employee’s termination of employment (or such shorter time period as may be required by the Company consistent with applicable law), and non-revocation of a release of claims prepared by Employer. (d) Upon the Special No Cause Termination, Employer will have no further liability or obligations whatsoever to Employee hereunder. Employer will be entitled to all of Employer’s rights and remedies by reason of such termination, including without limitation, the right to enforce the covenants and agreements contained in Section 8 (except Section 8.1 as provided herein) and Employer’s right to recover damages.

Employee’s No Cause Termination. In the event Employee terminates Employee’s employment under this Agreement without cause, Employer will have no further liability or obligations whatsoever to Employee hereunder. Employer will be entitled to all of Employer’s rights and remedies by reason of such termination, including without limitation, the right to enforce the covenants and agreements contained in Section 8 and Employer’s right to recover damages. 10.4.1 In the event the current Chief Executive Officer (CEO) of MGM Resorts International, Xxxxx X. Xxxxxx, ceases that a person other than Employee is appointed to be the CompanyEmployer’s CEO at any time during the Specified Term, and Employee is not selected as the successor CEO, Employee shall have the right to terminate his employment and this Agreement under the following conditions (the “Special No-Cause Termination”): (a) Employee shall have forty-five (45) days from the date he is notified that he a person other than Employee has not been selected as successor CEO to notify the Company of his decision to exercise this Special No-Cause Termination. (b) Employee must continue to perform his duties as President of the Company on a full-time and exclusive basis and fully cooperate and provide meaningful assistance in transitioning his responsibilities for a period of ninety (90) days (the “Transition Period”), and may not otherwise breach any provision of this Agreement. (c) Upon conclusion of the Transition Period, Employee’s employment shall be terminated and Employee shall be released from (i) the non-competition covenants and obligations contained in Section 8.18.1 (but shall remain subject to the other restrictive covenants set forth in Section 8), and (ii) the non-competition covenants and obligations contained in any other agreement by and between Employee and the Company, including without limitation all incentive award agreements, in each case, subject to, conditioned upon, and in consideration of Employee’s execution, within twenty-one (21) days following the date of Employee’s termination of employment (or such shorter time period as may be required by the Company consistent with applicable law), and non-revocation of a release of claims prepared by Employer. (d) Upon the Special No Cause Termination, Employer will have no further liability or obligations whatsoever to Employee hereunder. Employer will be entitled to all of Employer’s rights and remedies by reason of such termination, including without limitation, the right to enforce the covenants and agreements contained in Section 8 (except Section 8.1 as provided herein) and all other agreements by and between Employee and Employer (except with respect to any non-competition covenant or obligation contained therein) and Employer’s right to recover damages.