Common use of No Mitigation or Offset Clause in Contracts

No Mitigation or Offset. Executive shall not be required to mitigate the amount of any payment provided for in Section 5 or Section 6 of this Agreement by seeking other employment or otherwise. The Company shall not be entitled to set off or reduce any severance payments owed to Executive under this Agreement by the amount of earnings or benefits received by Executive in future employment.

Appears in 14 contracts

Samples: Executive Employment Agreement (Amreit), Executive Employment Agreement (Amreit), Executive Employment Agreement (Amreit)

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No Mitigation or Offset. The Executive shall not be required to mitigate the amount of any payment provided for in this Section 5 or Section 6 of this Agreement 5.4 by seeking other employment or otherwise. The Company , nor shall not be entitled to set off or reduce any severance payments owed to Executive under this Agreement by the amount of earnings any payment provided for in this Section 5.4 be reduced by any compensation earned by the Executive as the result of employment by another employer or benefits received business or by profits earned by the Executive in future employmentfrom any other source at any time before and after the Date of Termination.

Appears in 9 contracts

Samples: Employment Agreement (Impax Laboratories Inc), Employment Agreement (Atlas Holdings, Inc.), Employment Agreement (Impax Laboratories Inc)

No Mitigation or Offset. Executive shall not be required to mitigate the amount of any payment provided for in Section 5 or this Section 6 of this Agreement by seeking other employment or otherwise. The Company shall not be entitled to set off or reduce any severance payments owed to Executive under this Agreement Section 6 by the amount of earnings or benefits received by Executive in future employment.

Appears in 5 contracts

Samples: Executive Employment Agreement (Thinkorswim Group Inc.), Executive Employment Agreement (Thinkorswim Group Inc.), Executive Employment Agreement (Investools Inc)

No Mitigation or Offset. Executive shall not be required to mitigate the amount of any payment provided for in this Section 5 or Section 6 7 of this Agreement by seeking other employment or otherwise. The Company Employer shall not be entitled to set off or reduce any severance payments owed to Executive under this Agreement Section 7 by the amount of earnings or benefits received by Executive in future employment.

Appears in 4 contracts

Samples: Executive Employment Agreement (Texas Capital Bancshares Inc/Tx), Executive Employment Agreement (Texas Capital Bancshares Inc/Tx), Executive Employment Agreement (Texas Capital Bancshares Inc/Tx)

No Mitigation or Offset. Executive shall not be required to mitigate the amount of any payment provided for in Section 5 or this Section 6 of this Agreement by seeking other employment or otherwise. The Company , and no such payment shall not be entitled to set off offset or reduce any severance payments owed to Executive under this Agreement reduced by the amount of earnings any compensation or benefits received provided to or earned or generated by Executive in future employmentor from any alternate employment or endeavors.

Appears in 2 contracts

Samples: Employment Agreement (Natures Sunshine Products Inc), Employment Agreement (Natures Sunshine Products Inc)

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No Mitigation or Offset. Except as provided in Sections 5(a)(ii) and 5(b)(ii) hereof, the Executive shall not be required to mitigate the amount of any payment provided for in Section 5 or Section 6 of this Agreement by seeking seek other employment or otherwiseto reduce any severance benefit payable under this Section 5, and, no such severance benefit shall be reduced on account of any compensation received by the Executive from other employment. The Company Company's obligation to pay severance benefits under this Agreement shall not be entitled to set off or reduce reduced by any severance payments amount owed to Executive under this Agreement by the amount of earnings or benefits received by Executive in future employmentto the Company.

Appears in 2 contracts

Samples: Employment Agreement (National Atlantic Holdings Corp), Employment Agreement (National Atlantic Holdings Corp)

No Mitigation or Offset. Executive shall not be required to mitigate the amount of any payment provided for in Section 5 or Section 6 of this Agreement by seeking other employment or otherwise. The Company shall not be entitled to set off or reduce any severance payments owed to Executive under this Agreement by the amount of earnings or benefits received by Executive in future employment.

Appears in 2 contracts

Samples: Employment Agreement (A. H. Belo Corp), Employment Agreement (A. H. Belo Corp)

No Mitigation or Offset. Executive shall not be required to mitigate the amount of any payment provided for in Section 5 seek or Section 6 of this Agreement by seeking accept other employment or otherwise. The Company otherwise to mitigate damages as a condition to the receipt of the severance benefits described in this Section 5.5, and such benefits shall not be entitled to set off reduced or reduce offset by any severance payments owed to Executive under this Agreement by the amount of earnings or benefits received by Executive from any other source except as set forth in future employmentSection 5.5(c) of this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Arctic Cat Inc)

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