Common use of No Mitigation; No Set-Off Clause in Contracts

No Mitigation; No Set-Off. Executive shall not be required to mitigate the amount of any payment provided for pursuant to this Agreement by seeking other employment or otherwise and the amount of any payment provided for pursuant to this Agreement shall not be reduced by any compensation earned as a result of Executive's other employment or otherwise. The Company's obligation to pay Executive the amounts provided and to make the arrangements provided hereunder shall not be subject to set off, counterclaim or recoupment of amounts owed by Executive to the Company or its affiliates.

Appears in 9 contracts

Samples: Employment Agreement (TRW Automotive Inc), Employment Agreement (TRW Automotive Inc), Employment Agreement (TRW Automotive Inc)

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No Mitigation; No Set-Off. Executive The Company’s obligation to make the payments provided for in this Agreement and otherwise to perform its obligations hereunder shall not be required affected by any set-off, counterclaim, recoupment, defense, or other claim, right, or action that the Company may have against Executive or others. In no event shall Executive be obligated to mitigate the amount of any payment provided for pursuant to this Agreement by seeking seek other employment or otherwise take any other action by way of mitigation of the amounts payable to Executive under any of the provisions of this Agreement, and the amount of any payment provided for pursuant to this Agreement such amounts shall not be reduced by any compensation earned as a result of Executive's whether or not Executive obtains other employment or otherwise. The Company's obligation to pay Executive the amounts provided and to make the arrangements provided hereunder shall not be subject to set off, counterclaim or recoupment of amounts owed by Executive to the Company or its affiliatesemployment.

Appears in 5 contracts

Samples: Executive Employment Agreement (Bankrate, Inc.), Executive Employment Agreement (Bankrate, Inc.), Executive Employment Agreement (Bankrate, Inc.)

No Mitigation; No Set-Off. The Company’s obligation to pay Executive the amounts provided and to make the arrangements provided hereunder shall not be subject to set-off, counterclaim or recoupment of amounts owed by Executive to the Company or its affiliates. Executive shall not be required to mitigate the amount of any payment provided for pursuant to this Agreement by seeking other employment or employment, and no amounts otherwise and the amount of any payment provided for pursuant to this Agreement earned shall not be reduced by any compensation earned as a result of Executive's other employment or otherwise. The Company's obligation to pay Executive set-off against the amounts provided and to make the arrangements provided hereunder shall not be subject to set off, counterclaim or recoupment of amounts owed by Executive to the Company or its affiliatesdue hereunder.

Appears in 2 contracts

Samples: Employment Agreement (LGL Group Inc), Employment Agreement (Sl Industries Inc)

No Mitigation; No Set-Off. Executive shall not be required to mitigate the amount of any payment provided for pursuant to this Agreement by seeking other employment or otherwise and the amount of any payment provided for pursuant to this Agreement shall not be reduced by any compensation earned as a result of Executive's ’s other employment or otherwise. The Company's ’s obligation to pay Executive the amounts provided and to make the arrangements provided hereunder shall not be subject to set off, counterclaim or recoupment of amounts owed by Executive to the Company or its affiliates.

Appears in 2 contracts

Samples: Employment Agreement (TRW Automotive Holdings Corp), Employment Agreement (TRW Automotive Holdings Corp)

No Mitigation; No Set-Off. Executive shall not be required to mitigate the amount of any payment provided for pursuant to this Agreement by seeking other employment or otherwise and the amount of any payment provided for pursuant to this Agreement shall not be reduced by any compensation earned as a result of Executive's other employment or otherwise. The CompanyCompany or Limited's obligation to pay Executive the amounts provided and to make the arrangements provided hereunder shall not be subject to set off, counterclaim or recoupment of amounts owed by Executive to the Company or its affiliates.

Appears in 2 contracts

Samples: Employment Agreement (TRW Automotive Inc), Employment Agreement (TRW Automotive Inc)

No Mitigation; No Set-Off. The Company’s obligation to pay Executive the amounts provided and to make the arrangements provided shall not be subject to set-off, counterclaim or recoupment of amounts owed by Executive to the Company or its affiliates. Executive shall not be required to mitigate the amount of any payment provided for pursuant to this Agreement by seeking other employment or employment, and no amounts otherwise and the amount of any payment provided for pursuant to this Agreement earned shall not be reduced by any compensation earned as a result of Executive's other employment or otherwise. The Company's obligation to pay Executive set-off against the amounts provided and to make the arrangements provided hereunder shall not be subject to set off, counterclaim or recoupment of amounts owed by Executive to the Company or its affiliatesdue.

Appears in 2 contracts

Samples: Employment Agreement (Aerojet Rocketdyne Holdings, Inc.), Employment Agreement (Aerojet Rocketdyne Holdings, Inc.)

No Mitigation; No Set-Off. The Company’s obligation to pay Executive the amounts provided and to make the arrangements provided hereunder shall not be subject to set-off, counterclaim or recoupment of amounts owed by Executive to the Company or its affiliates. Executive shall not be required to mitigate the amount of any payment provided for pursuant to this Agreement by seeking other employment or employment, and no amounts otherwise and the amount of any payment provided for pursuant to this Agreement earned shall not be reduced by any compensation earned as a result of Executive's other employment or otherwise. The Company's obligation to pay Executive set–off against the amounts provided and to make the arrangements provided hereunder shall not be subject to set off, counterclaim or recoupment of amounts owed by Executive to the Company or its affiliatesdue hereunder.

Appears in 2 contracts

Samples: Transition and General Release Agreement (Aerojet Rocketdyne Holdings, Inc.), Employment Agreement (Gencorp Inc)

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No Mitigation; No Set-Off. The Company's obligation to pay Executive the amounts provided and to make the arrangements provided hereunder shall not be subject to set-off, counterclaim or recoupment of amounts owed by Executive to the Company or its Affiliates. Executive shall not be required to mitigate the amount of any payment provided for pursuant to this Agreement by seeking other employment or otherwise and the amount of any payment provided for pursuant to this Agreement shall not be reduced by any compensation earned as a result of Executive's other employment or otherwise. The Company's obligation to pay Executive the amounts provided and to make the arrangements provided hereunder shall not be subject to set off, counterclaim or recoupment of amounts owed by Executive to the Company or its affiliates.

Appears in 1 contract

Samples: Employment Agreement (Topps Co Inc)

No Mitigation; No Set-Off. The Company’s obligation to pay Executive the amounts provided and to make the arrangements provided shall not be subject to set‑off, counterclaim or recoupment of amounts owed by Executive to the Company or its affiliates. Executive shall not be required to mitigate the amount of any payment provided for pursuant to this Agreement by seeking other employment or employment, and no amounts otherwise and the amount of any payment provided for pursuant to this Agreement earned shall not be reduced by any compensation earned as a result of Executive's other employment or otherwise. The Company's obligation to pay Executive set-off against the amounts provided and to make the arrangements provided hereunder shall not be subject to set off, counterclaim or recoupment of amounts owed by Executive to the Company or its affiliatesdue.

Appears in 1 contract

Samples: Employment Agreement (Aerojet Rocketdyne Holdings, Inc.)

No Mitigation; No Set-Off. Executive shall not be required to mitigate the amount of any payment provided for pursuant to this Agreement by seeking other employment or otherwise and the amount of any payment provided for pursuant to this Agreement shall not be reduced by any compensation earned as a result of Executive's other employment or otherwise. The Company's obligation to pay Executive the amounts provided and to make the arrangements provided hereunder shall not be subject to set set-off, counterclaim or recoupment of amounts owed by Executive to the Company or its affiliates. Executive shall not be required to mitigate the amount of any payment provided for pursuant to this Agreement by seeking other employment, and no amounts otherwise earned shall be set-off against the amounts due hereunder.

Appears in 1 contract

Samples: Employment Agreement (LGL Group Inc)

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