Common use of No Offset Clause in Contracts

No Offset. In the event of termination of his employment, the Executive shall be under no obligation to seek other employment and there shall be no offset against amounts due to him on account of any remuneration or benefits provided by any subsequent employment he may obtain. The Company’s obligation to make any payment pursuant to, and otherwise to perform its obligations under, this Agreement shall not be affected by any offset, counterclaim or other right that the Company or the Company Affiliates may have against the Executive for any reason.

Appears in 21 contracts

Samples: Employment Agreement (LSB Industries Inc), Employment Agreement (Tronox LTD), Employment Agreement (Tronox LTD)

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No Offset. In the event of termination of his the Executive’s employment, the Executive shall be under no obligation to seek other employment and there shall be no offset against amounts due to him on account of any remuneration or benefits provided by any subsequent employment he may obtain. The Company’s obligation to make any payment pursuant to, and otherwise to perform its obligations under, this Agreement shall not be affected by any offset, counterclaim or other right that the Company or the Company Affiliates may have against the Executive him for any reason.

Appears in 20 contracts

Samples: Employment Agreement (Masonite International Corp), Employment Agreement (Masonite International Corp), Employment Agreement (Masonite International Corp)

No Offset. In the event of termination of his employment, the Executive shall be under no obligation to seek other employment and there shall be no offset against amounts due to him on account of any remuneration or benefits provided by any subsequent employment he may obtain. The CompanyEmployer’s obligation to make any payment pursuant to, and otherwise to perform its obligations under, this Agreement shall not be affected by any offset, counterclaim or other right that the Company Employer or the Company Affiliates its affiliates may have against the Executive him for any reason.

Appears in 20 contracts

Samples: Employment Agreement (Sagent Pharmaceuticals, Inc.), Employment Agreement (Capitalsource Inc), Employment Agreement (Capitalsource Inc)

No Offset. In the event of termination of his employment, the Executive shall be under no obligation to seek other employment and there shall be no offset against amounts due to him on account of any remuneration or benefits provided by any subsequent employment he may obtain. The CompanyEmployer’s obligation to make any payment pursuant to, and otherwise to perform its obligations under, this Agreement shall not be affected by any offset, counterclaim or other right that the Company Employer or the Company Affiliates any Employer Affiliate may have against the Executive him for any reason.

Appears in 19 contracts

Samples: Employment Agreement (WillScot Mobile Mini Holdings Corp.), Employment Agreement (WillScot Mobile Mini Holdings Corp.), Employment Agreement (Target Hospitality Corp.)

No Offset. In the event of termination of his employment, the Executive shall be under no obligation to seek other employment and there shall be no offset against amounts due to him on account of any remuneration or benefits provided by any subsequent employment he may obtain. The Company’s obligation to make any payment pursuant to, and otherwise to perform its obligations under, this Agreement shall not be affected by any offset, counterclaim or other right that the Company or the Company Affiliates its affiliates may have against the Executive him for any reason.

Appears in 17 contracts

Samples: Employment Agreement (Masonite International Corp), Employment Agreement (Energy Future Holdings Corp /TX/), Employment Agreement (Masonite International Corp)

No Offset. In the event of termination of his the Executive’s employment, the Executive shall be under no obligation to seek other employment employment, and there shall be no offset against amounts due to him the Executive on account of any remuneration or benefits provided by any subsequent employment he the Executive may obtain. The Company’s obligation to make any payment pursuant to, and otherwise to perform its obligations under, this Agreement shall not be affected by any offset, counterclaim or other right that the Company or any other member of the Company Affiliates Group may have against the Executive for any reason.

Appears in 7 contracts

Samples: Employment Agreement (Frontier Communications Parent, Inc.), Employment Agreement (Frontier Communications Parent, Inc.), Employment Agreement (Frontier Communications Parent, Inc.)

No Offset. In the event of termination of his employment, the Executive shall be under no obligation to seek other employment and there shall be no offset against amounts due to him on account of any remuneration or benefits provided by any subsequent employment he may obtain. The CompanyEmployer’s and Company Affiliates’ obligation to make any payment pursuant to, and otherwise to perform its obligations under, this Agreement shall not be affected by any offset, counterclaim or other right that the Company Employer or the Company Affiliates its affiliates may have against the Executive him for any reason.

Appears in 7 contracts

Samples: Employment Agreement (Capitalsource Inc), Employment Agreement (Capitalsource Inc), Employment Agreement (Capitalsource Inc)

No Offset. In the event of termination of his employment, the Executive shall be under no obligation to seek other employment and there shall be no offset against amounts due to him on account of any remuneration or benefits provided by any subsequent employment he may obtain. The CompanyEmployer’s obligation to make any payment pursuant to, and otherwise to perform its obligations under, this Agreement shall not be affected by any offset, counterclaim or other right that the Company Employer or the Company Affiliates its affiliates may have against the Executive him for any reason.

Appears in 6 contracts

Samples: Employment Agreement (TUTOR PERINI Corp), Employment Agreement (Perini Corp), Employment Agreement (TUTOR PERINI Corp)

No Offset. In the event of termination of his employment, the Executive shall be under no obligation to seek other employment and or take any other action to mitigate any amounts owed to the Executive under this Agreement and, except as otherwise expressly provided herein, there shall be no offset against amounts due to him on account of any remuneration or benefits provided by any subsequent employment he may obtain. The Company’s and Company Affiliates’ obligation to make any payment pursuant to, and otherwise to perform its obligations under, this Agreement shall not be affected by any offset, counterclaim or other right that the Company or the Company Affiliates its affiliates may have against the Executive him for any reason.

Appears in 6 contracts

Samples: Employment Agreement (Ambac Financial Group Inc), Employment Agreement (Ambac Financial Group Inc), Employment Agreement (Ambac Financial Group Inc)

No Offset. In the event of termination of his employmentthe Executive’s employment for any reason, the Executive shall be under no obligation to seek other employment employment, and there shall be no offset against amounts due to him the Executive on account of any remuneration or benefits provided by any subsequent employment he the Executive may obtain. The Company’s obligation to make any payment pursuant to, and otherwise to perform its obligations under, this Agreement shall not be affected by any offset, counterclaim or other right that the Company or any other member of the Company Affiliates Group may have against the Executive for any reason.

Appears in 5 contracts

Samples: Employment Agreement (Hornbeck Offshore Services Inc /La), Employment Agreement (Hornbeck Offshore Services Inc /La), Employment Agreement (Hornbeck Offshore Services Inc /La)

No Offset. In the event of termination of his employment, the Executive shall be under no obligation to seek other employment and there shall be no offset against amounts due to him on account of any remuneration or benefits provided by any subsequent employment he may obtain, except as provided under Section 24(d) hereof. The Company’s Companies’ obligation to make any payment pursuant to, and otherwise to perform its obligations under, this Agreement shall not be affected by any offset, counterclaim or other right that the Parent, the Company or any of the Company Companies’ Affiliates may have against the Executive for any reason.

Appears in 5 contracts

Samples: Employment Agreement (Hayward Holdings, Inc.), Employment Agreement (Hayward Holdings, Inc.), Employment Agreement (Hayward Holdings, Inc.)

No Offset. In the event of termination of his the Executive’s employment, the Executive shall be under no obligation to seek other employment employment, and there shall be no offset against amounts due to him the Executive on account of any remuneration renumeration or benefits provided by any subsequent employment he the Executive may obtain. The Company’s obligation to make any payment pursuant to, and otherwise to perform its obligations under, this Agreement shall not be affected by any offset, counterclaim or other right that the Company or the Company Affiliates may have against the Executive for any reason.

Appears in 3 contracts

Samples: Employment Agreement (INVACARE HOLDINGS Corp), Employment Agreement (INVACARE HOLDINGS Corp), Employment Agreement (INVACARE HOLDINGS Corp)

No Offset. In the event of termination of his employment, the Executive shall be under no obligation to seek other employment and or take any other action to mitigate any amounts owed to the Executive under this Agreement and, except as otherwise expressly provided herein, there shall be no offset against amounts due to him on account of any remuneration or benefits provided by any subsequent employment he may obtain. The Company’s and Company Affiliates’ obligation to make any payment pursuant to, and otherwise to perform its obligations under, this Agreement shall not be affected by any offset, counterclaim or other right that the Company or the Company Affiliates may have against the Executive him for any reason.

Appears in 3 contracts

Samples: Employment Agreement (LIGHTBRIDGE Corp), Employment Agreement (LIGHTBRIDGE Corp), Employment Agreement (LIGHTBRIDGE Corp)

No Offset. In the event of termination of his employment, the Executive shall be under no obligation to seek other employment and there shall be no offset against amounts due to him on account of any remuneration or benefits provided by any subsequent employment he may obtain. The CompanyEmployer’s obligation to make any payment pursuant to, and otherwise to perform its obligations under, this Agreement shall not be affected by any offset, counterclaim or other right that the Company Employer or the Company its Affiliates may have against the Executive him for any reason.

Appears in 2 contracts

Samples: Employment Agreement (Tutor Perini Corp), Employment Agreement (Tutor Perini Corp)

No Offset. In the event of termination of his her employment, the Executive shall be under no obligation to seek other employment and there shall be no offset against amounts due to him her on account of any remuneration or benefits provided by any subsequent employment he she may obtain. The CompanyEmployer’s obligation to make any payment pursuant to, and otherwise to perform its obligations under, this Agreement shall not be affected by any offset, counterclaim or other right that the Company Employer or the Company Affiliates any Employer Affiliate may have against the Executive her for any reason.

Appears in 2 contracts

Samples: Employment Agreement (Target Hospitality Corp.), Employment Agreement (Target Hospitality Corp.)

No Offset. In the event of termination of his employment, the Executive shall be under no obligation to seek other employment and there shall be no offset against amounts due to him on account of any remuneration or benefits provided by any subsequent employment he may obtain, except as provided under Section 24(e) hereof. The Company’s Companies’ obligation to make any payment pursuant to, and otherwise to perform its obligations under, this Agreement shall not be affected by any offset, counterclaim or other right that the Parent, the Company or any of the Company Companies’ Affiliates may have against the Executive for any reason.

Appears in 2 contracts

Samples: Employment Agreement (Hayward Holdings, Inc.), Employment Agreement (Hayward Holdings, Inc.)

No Offset. In the event of termination of his employment, the Executive shall be under no obligation to seek other employment and there shall be no offset against amounts due to him on account of any remuneration or benefits provided by any subsequent employment he may obtain. The Company’s 's obligation to make any payment pursuant to, and otherwise to perform its obligations under, this Agreement shall not be affected by any offset, counterclaim or other right that the Company or the Company Affiliates its affiliates may have against the Executive him for any reason.

Appears in 2 contracts

Samples: Employment Agreement (Blyth Inc), Employment Agreement (Energy Future Holdings Corp /TX/)

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No Offset. In the event of termination of his her employment, the Executive shall be under no obligation to seek other employment and there shall be no offset against amounts due to him her on account of any remuneration or benefits provided by any subsequent employment he she may obtain, except as provided under Section 24(d) hereof. The Company’s Companies’ obligation to make any payment pursuant to, and otherwise to perform its obligations under, this Agreement shall not be affected by any offset, counterclaim or other right that the Parent, the Company or any of the Company Companies’ Affiliates may have against the Executive for any reason.

Appears in 2 contracts

Samples: Employment Agreement (Hayward Holdings, Inc.), Employment Agreement (Hayward Holdings, Inc.)

No Offset. In the event of termination of his employment, the Executive shall be under no obligation to seek other employment and there shall be no offset against amounts due to him on account of any remuneration or benefits provided by any subsequent employment he may obtain, except as provided under Section 24(f) hereof. The Company’s Companies’ obligation to make any payment pursuant to, and otherwise to perform its obligations under, this Agreement shall not be affected by any offset, counterclaim or other right that the Parent, the Company or any of the Company Companies’ Affiliates may have against the Executive for any reason.

Appears in 1 contract

Samples: Employment Agreement (Hayward Holdings, Inc.)

No Offset. In the event of termination of his employment, the Executive shall be under no obligation to seek other employment and there shall be no offset against amounts due to him on account of any remuneration or benefits provided by any subsequent employment he may obtain. The Company’s Employer's obligation to make any payment pursuant to, and otherwise to perform its obligations under, this Agreement shall not be affected by any offset, counterclaim or other right that the Company Employer or the Company Affiliates its affiliates may have against the Executive him for any reason.

Appears in 1 contract

Samples: Employment Agreement (Tutor Perini Corp)

No Offset. In the event of termination of his employment, the Executive shall be under no obligation to seek other employment and there shall be no offset against amounts due to him on account of any remuneration or benefits provided by any subsequent employment he may obtain. The Company’s Employer's obligation to make any payment pursuant to, and otherwise to perform its obligations under, this Agreement shall not be affected by any offset, counterclaim or other right that the Company Employer or the Company Affiliates any Employer Affiliate may have against the Executive him for any reason.

Appears in 1 contract

Samples: Employment Agreement (WillScot Corp)

No Offset. In the event of termination of his employment, the Executive shall be under no obligation to seek other employment and there shall be no offset against amounts due to him on account of any remuneration or benefits provided by any subsequent employment he may obtain, except as provided under Section 24(d) hereof. The Company’s Companies' obligation to make any payment pursuant to, and otherwise to perform its obligations under, this Agreement shall not be affected by any offset, counterclaim or other right that the Parent, the Company or any of the Company Companies' Affiliates may have against the Executive for any reason.

Appears in 1 contract

Samples: Employment Agreement (Hayward Holdings, Inc.)

No Offset. In the event of termination of his employment, the Executive shall be under no obligation to seek other employment and there shall be no offset against amounts due to him on account of any remuneration or benefits provided by any subsequent employment he may obtain. The Company’s obligation to make any payment pursuant to, and otherwise to perform its obligations under, this Agreement shall not be affected by any offset, counterclaim or other right that the Company or the Company Affiliates may have against the Executive for any reason.

Appears in 1 contract

Samples: Employment Agreement (LSB Industries Inc)

No Offset. In the event of termination of his the Executive’s employment, the Executive shall be under no obligation to seek other employment and there shall be no offset against amounts due to him the Executive on account of any remuneration or benefits provided by any subsequent employment he the Executive may obtain. The CompanyEmployer’s obligation to make any payment pursuant to, and otherwise to perform its obligations under, this Agreement shall not be affected by any offset, counterclaim or other right that the Company Employer or the Company Affiliates any Employer Affiliate may have against the Executive for any reason.

Appears in 1 contract

Samples: Employment Agreement (WillScot Mobile Mini Holdings Corp.)

No Offset. In the event of any termination of his employment, the Executive shall be under no obligation to seek other employment and there shall be no offset against amounts due to him under this Agreement on account of any remuneration or benefits provided by attributable to any subsequent employment that he may obtain. The Company’s obligation to make any payment pursuant to, and otherwise to perform its obligations under, this Agreement shall not be affected by any offset, counterclaim or other right that the Company or the Company Affiliates may have against the Executive for any reason.

Appears in 1 contract

Samples: Executive Employment Agreement (Metlife Inc)

No Offset. In the event of termination of his her employment, the Executive shall be under no obligation to seek other employment and there shall be no offset against amounts due to him on account of any remuneration or benefits provided by any subsequent employment he may obtain. The Company’s obligation to make any payment pursuant to, and otherwise to perform its obligations under, this Agreement shall not be affected by any offset, counterclaim or other right that the Company or the Company Affiliates may have against the Executive for any reason.

Appears in 1 contract

Samples: Employment Agreement (LSB Industries Inc)

No Offset. In the event of termination of his employment, the Executive shall be under no obligation to seek other employment and and, except as otherwise expressly provided herein, there shall be no offset against amounts due to him on account of any remuneration or benefits provided by any subsequent employment he may obtain. The Company’s and Company Affiliates’ obligation to make any payment pursuant to, and otherwise to perform its obligations under, this Agreement shall not be affected by any offset, counterclaim or other right that the Company or the Company Affiliates its affiliates may have against the Executive him for any reason.

Appears in 1 contract

Samples: Employment Agreement (Ambac Financial Group Inc)

No Offset. In the event of termination of his employment, the Executive shall be under no obligation to seek other employment and there shall be no offset against amounts due to him on account of any remuneration or benefits provided by any subsequent employment he may obtain. The Company’s obligation to make any payment pursuant to, and otherwise to perform its obligations under, this Agreement shall not be affected by any offset, counterclaim or other right that the Company or the Company Affiliates may have against the Executive for any reason.

Appears in 1 contract

Samples: Employment Agreement (Abacus Life, Inc.)

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