Common use of Voluntary Termination and Termination for Cause Clause in Contracts

Voluntary Termination and Termination for Cause. In the event of ----------------------------------------------- (i) a termination of Employee's employment by reason of a Voluntary Termination or (ii) in the event of Employee's termination by Employer For Cause, then (A) all obligations of Employer under any Section of this Agreement shall terminate as of the date of such termination, (B) all obligations of Employer and its Affiliates under the Profit Sharing Plan shall terminate as provided therein, and (C) Employee's obligations under Section 6(a) and Section 6(c) hereof shall continue unaffected by the termination of Employee's employment in accordance with the terms thereof and, as a material consideration for its agreements hereunder and other arrangements in connection with the Consolidation, Employer shall have the right to enforce such obligations to the full extent set forth therein. Employee agrees to give Employer at least six months prior written notice of any Voluntary Termination hereunder.

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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Voluntary Termination and Termination for Cause. In the event ----------------------------------------------- of ----------------------------------------------- (i) a termination of Employee's employment by reason of a Voluntary Termination or (ii) in the event of Employee's termination by Employer For for Cause, then (A) all obligations of Employer under any Section of this Agreement shall terminate as of the date of such termination, (B) all obligations of Employer and its Affiliates under the Profit Sharing Plan shall terminate as provided therein, and (C) Employee's obligations under Section 6(a) and Section 6(c) hereof shall continue unaffected by the termination of Employee's employment in accordance with the terms thereof and, as a material consideration for its agreements hereunder and other arrangements in connection with the Consolidation, Employer shall have the right to enforce such obligations to the full extent set forth therein. Employee agrees to give Employer at least six months prior written notice of any Voluntary Termination hereunder.

Appears in 1 contract

Samples: Employment Agreement (Pimco Advisors L P /)

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Voluntary Termination and Termination for Cause. In the event of ----------------------------------------------- (i) a termination of Employee's employment by reason of a Voluntary Termination or (ii) in the event of Employee's termination by Employer For Cause, then (A) all obligations of Employer under any Section of this Agreement shall terminate as of the date of such termination, (B) all '3)all obligations of Employer and its Affiliates under the Profit Sharing Plan shall terminate as provided therein, and (C) Employee's obligations under Section 6(a) and Section 6(c) hereof shall continue unaffected by the termination of Employee's employment in accordance with the terms thereof and, as a material consideration for its agreements hereunder and other arrangements in connection with the Consolidation, Employer shall have the right to enforce such obligations to the full extent set forth therein. Employee agrees to give Employer at least six months prior written notice of any Voluntary Termination hereunder.

Appears in 1 contract

Samples: Employment Agreement (Pimco Advisors L P /)

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