Common use of Payment of Obligations Absolute Clause in Contracts

Payment of Obligations Absolute. Except as provided in Section (c) of Part Two, Section (c) of Part Three, Part Four and Section 3 of Part Six, the Company’s obligation to make the payments and the arrangements provided for herein are absolute and unconditional, and will not be affected by any circumstances, including, without limitation, any offset, counterclaim, recoupment, defense, or other right which the Company may have against you or anyone else. You agree that, in the event of the termination of your employment, the applicable payments called for by this agreement (whether pursuant to Part Two, Part Three, or Section 1 of Part Six) shall constitute the exclusive and sole remedy for any termination of your employment and you covenant not to assert or pursue any other remedies, at law or in equity, with respect to any termination of employment. The Company will pay all amounts payable by the Company under this letter agreement without notice or demand. Each and every payment made hereunder by the Company will be final, and the Company will not seek to recover from you all or any part of such payment, for any reasons whatsoever, except as otherwise provided in Part Four or in Section 9 of Part Six, or in the event that the Release is revoked or otherwise rendered unenforceable by you. You will not be obligated to seek other employment in mitigation of the amounts payable or arrangements made under any provision of this letter agreement, and if you obtain any other employment it will in no event effect any reduction of the Company’s obligations to make the payments and arrangements required to be made hereunder, except to the extent provided in Section (c) of Part Two or Section (c) of Part Three.