Mitigation or Offset Clause Samples

Mitigation or Offset. Executive shall not be required to mitigate the damages provided by this Section 5 by seeking substitute employment or otherwise and there shall not be an offset of the payments or benefits set forth in this Section 5.
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Mitigation or Offset. Executive shall be required to mitigate the damages provided by this Section 5 by seeking substitute employment or otherwise and there shall be an offset of the payments or benefits set forth in this Section 5.
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Mitigation or Offset. Executive shall not be required to seek other employment or to reduce any amount payable to her under Article 6 or 8 hereof, and no such amount shall be reduced on account of any compensation received by Executive from other employment. However, the Company's obligation to pay any amount under this Agreement shall be reduced by any amount owed by the Executive to the Company.
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Mitigation or Offset. The Executive shall not be required to seek other employment or to reduce any amount payable to the Executive under Article 5 of this Agreement, and no such amount shall be reduced on account of any compensation received by the Executive from other employment. However, STAAR’s obligation to pay any amount under this Agreement shall be reduced by any amount owed by the Executive to STAAR.
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Mitigation or Offset. (a) Executive shall not be required to seek other employment (in the event of a termination of employment with the Company) or to reduce any amount payable to him under Article 3 or 5 hereof, and no such amount shall be reduced on account of any compensation received by Executive from other employment which may be obtained in the event of a termination of employment with the Company. However, Allergan's obligation to pay any amount under this Agreement shall be reduced by any amount owed by the Executive to Allergan or the Company.
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Mitigation or Offset. ▇▇▇▇ shall be under no obligation to seek other employment and there shall be no offset against any amounts due ▇▇▇▇ under this Agreement.
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Related to Mitigation or Offset

  • No Mitigation or Offset In the event of any termination of Executive’s employment hereunder, Executive shall be under no obligation to seek other employment or otherwise mitigate the obligations of the Company under this Agreement, and there shall be no offset against amounts due Executive under this Agreement on account of future earnings by Executive.

  • Mitigation; Offset The Executive is under no obligation to seek other Employment or to otherwise mitigate the obligations of the Company under this Agreement, and the Company may not offset against amounts or benefits due Executive under this Agreement or otherwise on account of any claim (other than any preexisting debts then due in accordance with their terms) the Company or its affiliates may have against him or any remuneration or other benefit earned or received by Executive after such termination.

  • Set Off; Mitigation The Company’s obligation to pay Employee the amounts provided and to make the arrangements provided hereunder shall be subject to set-off, counterclaim, or recoupment of amounts owed by Employee to the Company or its affiliates; provided, however, that to the extent any amount so subject to set-off, counterclaim, or recoupment is payable in installments hereunder, such set-off, counterclaim, or recoupment shall not modify the applicable payment date of any installment, and to the extent an obligation cannot be satisfied by reduction of a single installment payment, any portion not satisfied shall remain an outstanding obligation of Employee and shall be applied to the next installment only at such time the installment is otherwise payable pursuant to the specified payment schedule. Employee shall not be required to mitigate the amount of any payment provided pursuant to this Agreement by seeking other employment or otherwise, and except as provided in Section 8(d)(iv) hereof, the amount of any payment provided for pursuant to this Agreement shall not be reduced by any compensation earned as a result of Employee’s other employment or otherwise.

  • Termination or Waiver Terminate or waive any right of substantial value, other than in the ordinary course of business;

  • No Mitigation; No Offset In the event of any termination of employment, Executive shall be under no obligation to seek other employment; amounts due Executive under this Agreement shall not be offset by any remuneration attributable to any subsequent employment that he may obtain.