Common use of No Mitigation; Offset Clause in Contracts

No Mitigation; 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.

Appears in 9 contracts

Sources: Employment Agreement (Six Flags Entertainment Corporation/New), Employment Agreement (Six Flags Entertainment Corporation/New), Employment Agreement (Six Flags Entertainment Corporation/New)

No Mitigation; 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 to Executive under this Agreement for amounts earned by Executive from a third party; provided, however, that Executive may offset under this Agreement any amounts owed by Executive to the Company at the time payment would otherwise be required under this Agreement.

Appears in 2 contracts

Sources: Employment & Human Resources (Castle a M & Co), Employment Agreement (Castle a M & Co)

No Mitigation; Offset. In the event of any termination of Executive’s employment hereunderby the Company without Cause or by the Executive for Good Reason, the Executive shall be under no obligation to seek other employment or otherwise mitigate the obligations of the Company under this Agreementemployment.

Appears in 1 contract

Sources: Employment Agreement (Micronetics Inc)

No Mitigation; Offset. In the event of any termination of Executive’s employment hereunderby the Company without Cause, the Executive shall be under no obligation to seek other employment or otherwise mitigate the obligations of the Company under this Agreementemployment.

Appears in 1 contract

Sources: Employment Agreement (Micronetics Inc)

No Mitigation; Offset. a. In the event of any termination of Executive’s employment hereunderemployment, Executive executive shall be under no obligation to seek other employment or otherwise mitigate employment. b. In the obligations event of the Company any termination of employment, amounts due Executive under this AgreementAgreement attributable to base salary, shall be offset by any base salary remuneration paid to Executive in any subsequent employment Executive may obtain.

Appears in 1 contract

Sources: Employment Agreement (Linens N Things Inc)

No Mitigation; Offset. In the no event of any termination of Executive’s employment hereunder, shall Executive shall be under no obligation obligated to seek or obtain other employment after the date of termination or otherwise mitigate the obligations take any other action by way of mitigation of the Company amounts payable to Executive under any of the provisions of this Agreement, and such amounts shall not be reduced, whether or not Executive obtains other employment.

Appears in 1 contract

Sources: Transition and Separation Agreement (Fox Corp)