Removal of Participant. If the Compensation Committee removes a Holder from participation in the Plan upon the unanimous vote of the Principals Committee under Section 3 of the Plan, then notice of such removal to such Holder by Fortress, the Compensation Committee or the Partnership shall automatically effect an immediate redemption, for no consideration, of all of such Holder's Class A Preferred Units. From and after the date of redemption of any Class A Preferred Units, such Units will no longer be outstanding, and distributions will cease to accumulate on such Class A Preferred Units.
Removal of Participant. Nothing in the Plan or this Agreement shall be construed in any manner to limit the rights of the Company to terminate the Participant's employment at any time, with or without cause.
Removal of Participant. HMH shall have the right to remove any Participant of the Academic Institution if they do not meet applicable standards or for cause, as determined at HMH’s sole discretion.
