Common use of TERMINATION OF EMPLOYMENT PRIOR TO THE SCHEDULED TERMINATION DATE Clause in Contracts

TERMINATION OF EMPLOYMENT PRIOR TO THE SCHEDULED TERMINATION DATE. The parties hereby expressly agree that Employee's employment by Employer may terminate or be terminated by either party at any time prior to the Scheduled Termination Date as provided below; provided, however, that any such termination of Employee's employment by Employer shall be in accordance with the terms of Article VII of the Partnership Agreement in effect as of the date such Partnership Agreement was first executed. Except as otherwise expressly set forth herein, Employee shall not be entitled to any severance pay, relocation benefits or other severance benefits upon termination of his employment with Employer, and upon such termination for any reason, shall no longer be a Managing Director. Upon any termination prior to the Scheduled Termination Date the rights of the parties shall be as follows:

Appears in 7 contracts

Samples: Employment Agreement (Pimco Advisors L P /), Employment Agreement (Pimco Advisors L P /), Employment Agreement (Pimco Advisors L P /)

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TERMINATION OF EMPLOYMENT PRIOR TO THE SCHEDULED TERMINATION DATE. The parties hereby expressly agree that Employee's employment by Employer may terminate or be terminated by either party at any time prior to the Scheduled Termination Date as provided below; provided, however, that any such termination of Employee's employment by Employer shall be in accordance with the terms of Article VII VI of the Partnership Agreement in effect as of the date such Partnership Agreement was first executed. Except as otherwise expressly set forth herein, Employee shall not be entitled to any severance pay, relocation benefits or other severance benefits upon termination of his employment with Employer, and upon such termination for any reason, shall no longer be a Managing Director. Upon any termination prior to the Scheduled Termination Date the rights of the parties shall be as follows:

Appears in 1 contract

Samples: Employment Agreement (Pimco Advisors L P /)

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TERMINATION OF EMPLOYMENT PRIOR TO THE SCHEDULED TERMINATION DATE. The parties hereby expressly agree that Employee's employment by Employer may terminate or be terminated by either party at any time prior to the Scheduled Termination Date date as provided below; provided, provided however, that any such termination of Employee's employment by Employer shall be in accordance with the terms of Article VII of the Partnership Agreement in effect as of the date such Partnership Agreement was first executed. Except as otherwise expressly set forth herein, Employee shall not be entitled to any severance pay, relocation benefits or other severance benefits upon termination of his employment with Employer, and upon such termination for any reason, shall no longer be a Managing Director. Upon any termination prior to the Scheduled Termination Date the rights of the parties shall be as follows:

Appears in 1 contract

Samples: Employment Agreement (Pimco Advisors L P /)

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