Termination by the Partnership for Cause. In the event of a termination of your employment for Cause (as defined below), you shall be entitled to receive the pro rata portion of your base salary for services rendered to the date of termination, to the extent not previously paid, and you shall not be entitled to any further benefits or payments hereunder. The benefits and awards to which you may be entitled pursuant to the plans, policies and arrangements referred to in Sections 4 and 5 hereof shall be determined upon such termination in accordance with the terms of such plans, policies and arrangements. For purposes of this agreement, “Cause” means your conviction for a felony under the laws of the United States or any state thereof or a breach of your obligations set forth in Section 9(a) or (b) hereof, which breach is material to the business of the Partnership.
Appears in 2 contracts
Samples: Employment Agreement (Alliance Capital Management L P), Employment Agreement (Alliance Capital Management Holding Lp)
Termination by the Partnership for Cause. In the event of a termination of your employment for Cause (as defined below), you shall be entitled to receive the pro rata portion of your base salary for services rendered to the date of termination, to the extent not previously paid, and you shall not be entitled to any further benefits or payments hereunder. The benefits and awards to which you may be entitled pursuant to the plans, policies and arrangements referred to in Sections 3 and 4 and 5 hereof shall be determined upon such termination in accordance with the terms of such plans, policies and arrangements. For purposes of this agreement, “Cause” means your conviction for a felony under the laws of the United States or any state thereof or a breach of your obligations set forth in Section 9(a8(a) or (b) hereof, which breach is material to the business of the Partnership.
Appears in 2 contracts
Samples: Employment Agreement (Alliance Capital Management Holding Lp), Employment Agreement (Alliance Capital Management L P)
Termination by the Partnership for Cause. In the event of a termination of your employment for Cause (as defined below), you shall be entitled to receive the pro rata portion of your base salary for services rendered to the date of termination, to the extent not previously paid, and you shall not be entitled to any further benefits or payments hereunder. The benefits and awards to which you may be entitled pursuant to the plans, policies and arrangements referred to in Sections Section 4 and 5 hereof shall be determined upon such termination in accordance with the terms of such plans, policies and arrangements. For purposes of this agreement, “Cause” means your conviction for a felony under the laws of the United States or any state thereof or a breach of your obligations set forth in Section 9(a8(a) or (b) hereof, which breach is material to the business of the Partnership.
Appears in 2 contracts
Samples: Employment Agreement (Alliance Capital Management L P), Employment Agreement (Alliance Capital Management Holding Lp)