Common use of Cause; Resignation Clause in Contracts

Cause; Resignation. If the Participant’s employment with the Employer is terminated by the Employer for Cause or by the Participant (other than due to the Participant’s death or Disability), then, to the extent not previously vested, all CPUs subject to this Agreement shall be forfeited as of the date of such Separation from Service.

Appears in 2 contracts

Sources: Convertible Phantom Unit Agreement (BreitBurn Energy Partners L.P.), Convertible Phantom Unit Agreement (BreitBurn Energy Partners L.P.)