Common use of Termination by the Employer other than for Cause Clause in Contracts

Termination by the Employer other than for Cause. If your “employment with the Employer” (as defined below in this Section 3) is terminated by the Employer for any reason other than “Cause” (as defined below in this Section 3), as determined by the Employer, 50% of the Phantom Units granted to you pursuant to this Agreement and then held by you automatically will become fully vested.

Appears in 2 contracts

Sources: Phantom Unit Grant Agreement (Legacy Reserves Lp), Phantom Unit Grant Agreement (Legacy Reserves Lp)

Termination by the Employer other than for Cause. If your “employment with the Employer” (as defined below in this Section 3) is terminated by the Employer for any reason other than “Cause” (as defined below in this Section 3), as determined by the Employer, 50% of the Phantom Units granted to you pursuant to this Agreement and then held by you automatically will become fully vested.

Appears in 1 contract

Sources: Phantom Unit Grant Agreement (Legacy Reserves Lp)