Termination of Sargon by Icahn Enterprises. Employer may, in its sole and absolute discretion, by written notice to the Chief Compliance Officer of the Existing Funds terminate Sargon at any time and withdraw all assets deemed or treated as held therein, at which time Sargon shall, for all purposes, be deemed to cease to exist and will no longer be deemed: (x) to be a hypothetical separate entity or portfolio; or (y) to hold, be allocated or have access to, any assets or capital. Such termination will end the employment of Employee hereunder and the only rights of Employee will be those accrued through the date of such termination as expressly set forth in Section 8 of this Agreement, and Employee shall have no other rights, claims, power or privilege arising from or relating to such termination, based upon any matter, fact or thing of any kind as character.
Appears in 4 contracts
Samples: Co Manager Agreement (Icahn Enterprises Holdings L.P.), Co Manager Agreement (Icahn Enterprises Holdings L.P.), Co Manager Agreement (Icahn Enterprises L.P.)
