Common use of Mitigation or Offset Clause in Contracts

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.

Appears in 2 contracts

Sources: Executive Employment Agreement (Staar Surgical Co), Executive Employment Agreement (Staar Surgical Co)