Common use of TERMINATION & RESIGNATION Clause in Contracts

TERMINATION & RESIGNATION. (a) You acknowledge and agree that Blackstone may terminate your service at any time for any reason, or for no reason at all with or without cause; provided, however, that Blackstone shall provide you with written notice at least ninety days prior to the date of the termination of your service during which Blackstone may elect to place you on paid leave for all or part of such ninety-day period; provided further that during such ninety-day period, you shall continue to receive your base draw and benefits, subject to applicable law and the payment of benefits-related premiums, but shall not receive or participate in any profit sharing or bonus arrangements (including, without limitation, participation in any carried interest or fee-sharing program) or continue to vest in any equity or other incentive awards.

TERMINATION & RESIGNATION. (a) You acknowledge and agree that Blackstone may terminate your service at any time for any reason, or for no reason at all with or without causeCause; provided, however, that Blackstone shall provide you with written notice at least ninety days prior to the date of the termination of your service during which Blackstone may elect to place you on paid leave for all or part of such ninety-day period; provided further provided, further, that during such ninety-day period, you shall continue to receive your base draw and benefits, subject to applicable law and the payment of benefits-related premiums, but shall not receive or participate in any profit sharing or bonus arrangements (including, without limitation, including participation in any carried interest or fee-sharing program) or continue to vest in any equity or other incentive awards).