Common use of No Setoff Clause in Contracts

No Setoff. The Company’s obligation to make the payments provided for in this Agreement and otherwise to perform its obligations hereunder shall not be affected by a setoff, counterclaim, recoupment, defense or other claim, right or action which the Company may have against the Executive or others. The provisions of this Section 20 do not affect or detract from the Company’s rights under Section 9(g), Section 15 or Section 24.

Appears in 12 contracts

Samples: Executive Employment Agreement (City Office REIT, Inc.), Executive Employment Agreement (City Office REIT, Inc.), Executive Employment Agreement (City Office REIT, Inc.)

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No Setoff. The Company’s obligation to make the payments provided for in this Agreement and otherwise to perform its obligations hereunder shall not be affected by a setoff, counterclaim, recoupment, defense or other claim, right or action which the Company may have against the Executive or others. In no event shall the Executive be obligated to seek other employment or take other action by way of mitigation of the amounts payable to the Executive under the provisions of this Agreement. The provisions of this Section 20 do not affect or detract from the Company’s rights under Section 9(g10(h), Section 15 or Section 2422.

Appears in 6 contracts

Samples: Employment Agreement (Summit Hotel Properties, Inc.), Employment Agreement (Summit Hotel Properties, Inc.), Employment Agreement (Summit Hotel Properties, Inc.)

No Setoff. The Company’s obligation to make the payments provided for in this Agreement and otherwise to perform its obligations hereunder shall not be affected by a setoff, counterclaim, recoupment, defense or other claim, right or action which the Company may have against the Executive or others. In no event shall the Executive be obligated to seek other employment or take other action by way of mitigation of the amounts payable to the Executive under the provisions of this Agreement. The provisions of this Section 20 do not affect or detract from the Company’s rights under Section 9(g), Section 15 or Section 2422.

Appears in 3 contracts

Samples: Employment Agreement (Priam Properties Inc.), Employment Agreement (Priam Properties Inc.), Employment Agreement (Priam Properties Inc.)

No Setoff. The Company’s obligation to make the payments provided for in this Agreement and otherwise to perform its obligations hereunder shall not be affected by a setoff, counterclaim, recoupment, defense or other claim, right or action which the Company may have against the Executive or others. In no event shall the Executive be obligated to seek other employment or take other action by way of mitigation of the amounts payable to the Executive under the provisions of this Agreement. The provisions of this Section 20 19 do not affect or detract from the Company’s rights under Section 9(g9(h), Section 15 14 or Section 2421.

Appears in 2 contracts

Samples: Employment Agreement (Summit Hotel Properties, Inc.), Employment Agreement (Summit Hotel Properties, Inc.)

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No Setoff. The Company’s obligation to make the payments provided for in this Agreement and otherwise to perform its obligations hereunder shall not be affected by a setoff, counterclaim, recoupment, defense or other claim, right or action which the Company may have against the Executive or others. In no event shall the Executive be obligated to seek other employment or take other action by way of mitigation of the amounts payable to the Executive under the provisions of this Agreement. The provisions of this Section 20 22 do not affect or detract from the Company’s rights under Section 9(g), Section 15 17 or Section 24.

Appears in 1 contract

Samples: Employment Agreement (Summit Hotel Properties, Inc.)

No Setoff. The Company’s obligation to make the payments provided for in this Agreement and otherwise to perform its obligations hereunder shall not be affected by a setoff, counterclaim, recoupment, defense or other claim, right or action which the Company may have against the Executive or others. In no event shall the Executive be obligated to seek other employment or take other action by way of mitigation of the amounts payable to the Executive under the provisions of this Agreement. The provisions of this Section 20 22 do not affect or detract from the Company’s rights under Section 9(g), Section 15 or Section 24.

Appears in 1 contract

Samples: Employment Agreement (Summit Hotel Properties, Inc.)

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