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 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 Employer or any Employer Affiliate may have against him for any reason.

Appears in 21 contracts

Sources: Employment Agreement (WillScot Holdings Corp), 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. The 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 Employer or any Employer Affiliate its affiliates may have against him for any reason.

Appears in 20 contracts

Sources: Employment Agreement (Sagent Pharmaceuticals, Inc.), Employment Agreement (Sagent Pharmaceuticals, Inc.), Employment Agreement (Sagent Pharmaceuticals, 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 on account of any remuneration or benefits provided by any subsequent employment he may obtain. The EmployerCompany’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 Employer Company or any Employer Affiliate the Company Affiliates may have against him for any reason.

Appears in 20 contracts

Sources: 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 EmployerCompany’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 Employer Company or any Employer Affiliate the Company Affiliates may have against him the Executive for any reason.

Appears in 20 contracts

Sources: Employment Agreement (LSB Industries Inc), Employment Agreement (LSB Industries Inc), 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 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 EmployerCompany’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 Employer Company or any Employer Affiliate its affiliates may have against him for any reason.

Appears in 17 contracts

Sources: Employment Agreement (Penn Virginia Corp), Employment Agreement (Energy Future Holdings Corp /TX/), 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 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 EmployerCompany’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 Employer Company or any Employer Affiliate its affiliates may have against him for any reason.

Appears in 8 contracts

Sources: 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 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 EmployerCompany’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 Employer Company or any Employer Affiliate other member of the Company Group may have against him the Executive for any reason.

Appears in 7 contracts

Sources: 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 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 EmployerCompany’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 Employer Company or any Employer Affiliate other member of the Company Group may have against him the Executive for any reason.

Appears in 7 contracts

Sources: 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. The Employer’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 Employer or any Employer Affiliate its affiliates may have against him for any reason.

Appears in 7 contracts

Sources: 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 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 Employer or any Employer Affiliate its affiliates may have against him for any reason.

Appears in 6 contracts

Sources: Employment Agreement (Tutor Perini Corp), Employment Agreement (TUTOR 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 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 Employer’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 Employer Parent, the Company or any Employer Affiliate of the Companies’ Affiliates may have against him the Executive for any reason.

Appears in 5 contracts

Sources: 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 and and, except as otherwise set forth in Section 6(c)(iv) or 6(d)(iv), 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 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 Employer or any Employer Affiliate may have against him for any reason.

Appears in 4 contracts

Sources: Employment Agreement (Cumulus Media Inc), Employment Agreement (Cumulus Media Inc), Employment Agreement (Cumulus Media Inc)

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 EmployerCompany’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 Employer Company or any Employer Affiliate the Company Affiliates may have against him for any reason.

Appears in 3 contracts

Sources: Employment Agreement (LIGHTBRIDGE Corp), Employment Agreement (LIGHTBRIDGE Corp), Employment Agreement (LIGHTBRIDGE 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 renumeration or benefits provided by any subsequent employment he the Executive may obtain. The EmployerCompany’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 Employer or any Employer Affiliate Company may have against him the Executive for any reason.

Appears in 3 contracts

Sources: 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 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 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 Employer or any Employer Affiliate its Affiliates may have against him for any reason.

Appears in 2 contracts

Sources: Employment Agreement (Tutor 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 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 Employer’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 Employer Parent, the Company or any Employer Affiliate of the Companies’ Affiliates may have against him the Executive for any reason.

Appears in 2 contracts

Sources: 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 Employer’s 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 Employer Company or any Employer Affiliate its affiliates may have against him for any reason.

Appears in 2 contracts

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

No Offset. In the event of any termination of his employmentExecutive's employment under this Agreement, the Executive shall be under no obligation to seek other employment 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 he that Executive may obtain. The 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 Employer or any Employer Affiliate may have against him for any reason.

Appears in 2 contracts

Sources: Employment Agreement (Repipeline Com Inc), Employment Agreement (Repipeline Com 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 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 Employer or any Employer Affiliate may have against him the Executive for any reason.

Appears in 2 contracts

Sources: Employment Agreement (WillScot Holdings Corp), Employment Agreement (WillScot Mobile Mini Holdings 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 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 Employer or any Employer Affiliate may have against him her for any reason.

Appears in 2 contracts

Sources: 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. The EmployerCompany’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 Employer Company or any Employer Affiliate the Company Affiliates may have against him the Executive for any reason. A. M. S▇▇▇▇▇ – Employment Agreement

Appears in 1 contract

Sources: Employment Agreement (Chemtura CORP)

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 EmployerCompany’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 Employer Company or any Employer Affiliate its affiliates may have against him for any reason.

Appears in 1 contract

Sources: 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 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 Employer or any Employer Affiliate may have against him for any reason.

Appears in 1 contract

Sources: Employment Agreement (Abacus Life, 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 EmployerCompany’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 Employer Company or any Employer Affiliate the Company Affiliates may have against him the Executive for any reason.

Appears in 1 contract

Sources: Employment Agreement (LSB Industries Inc)

No Offset. In the event of any termination of his employmentemployment under Section 9 above, 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 under this Agreement on account of any remuneration or benefits provided by attributable to any subsequent employment that he may obtain. The 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 Employer or any Employer Affiliate may have against him for any reason.

Appears in 1 contract

Sources: Employment Agreement (Xl Capital LTD)

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 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 Employer or any Employer Affiliate may have against him for any reason.

Appears in 1 contract

Sources: Executive Employment Agreement (Metlife 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 or benefits provided by any subsequent employment he the Executive may obtain. The EmployerCompany’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 Employer or any Employer Affiliate Company may have against him the Executive for any reason.

Appears in 1 contract

Sources: Executive Severance Agreement (Nabors Industries LTD)

No Offset. In the event of termination of his their employment, the Executive shall be under no obligation to seek other employment and there shall be no offset against amounts due to him them on account of any remuneration or benefits provided by any subsequent employment he may obtain, except as provided under Section 24(d) hereof. The Employer’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 Employer Parent, the Company or any Employer Affiliate of the Companies’ Affiliates may have against him the Executive for any reason.

Appears in 1 contract

Sources: 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(d) hereof. The Employer’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 Employer Parent, the Company or any Employer Affiliate of the Companies' Affiliates may have against him the Executive for any reason.

Appears in 1 contract

Sources: 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 Employer’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 Employer or any Employer Affiliate may have against him for any reason.

Appears in 1 contract

Sources: 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. The 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 Employer or any Employer Affiliate may have against him for any reason.​ ​

Appears in 1 contract

Sources: 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 Employer’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 Employer or any Employer Affiliate its affiliates may have against him for any reason.

Appears in 1 contract

Sources: 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 EmployerCompany’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 Employer Company or any Employer Affiliate the Company Affiliates may have against him Executive for any reason.

Appears in 1 contract

Sources: Employment Agreement (LSB Industries Inc)

No Offset. In the event of a termination of his employmentemployment under Section 2 of this Agreement, the Executive shall be under no obligation to seek other employment employment, and there shall be no offset against amounts the Termination Benefits due to him the Executive under this Agreement on account of any remuneration or benefits provided by attributable to any subsequent employment that he may obtain. The 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 Employer or any Employer Affiliate may have against him for any reason.

Appears in 1 contract

Sources: Employment Agreement (Thermadyne Holdings Corp /De)

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 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 Employer or any Employer Affiliate its Affiliates may have against him Executive for any reason.

Appears in 1 contract

Sources: Separation Benefits 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, except as provided under Section 24(f) hereof. The Employer’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 Employer Parent, the Company or any Employer Affiliate of the Companies’ Affiliates may have against him the Executive for any reason.

Appears in 1 contract

Sources: Employment Agreement (Hayward Holdings, Inc.)