Common use of Set Off; Mitigation Clause in Contracts

Set Off; Mitigation. The obligation of the Company or the Partnership to pay or provide the Employee the amounts or benefits under this Agreement shall be subject to set-off, counterclaim or recoupment of amounts owed by the Employee to the Company or the Partnership. In addition, except as provided in Section 7 with respect to the Scaled Back Amount, if applicable, the Employee shall not be required to mitigate the amount of any payments or benefits provided to the Employee hereunder by securing other employment or otherwise, nor will such payments and/or benefits be reduced by reason of the Employee securing other employment or for any other reason.

Appears in 22 contracts

Samples: Severance and Change of Control Agreement (Regency Centers Lp), Severance and Change of Control Agreement (Regency Centers Lp), Severance and Change of Control Agreement (Innovative Industrial Properties Inc)

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Set Off; Mitigation. The Company’s obligation of the Company or the Partnership to pay or provide the Employee the amounts or benefits under hereunder this Agreement shall be subject to set-off, counterclaim or recoupment of amounts owed by the Employee to the Company or the PartnershipCompany. In addition, except as provided in Section 7 with respect to the Scaled Back Amount, if applicable, the Employee shall not be required to mitigate the amount of any payments or benefits provided to the Employee hereunder by securing other employment or otherwise, nor will such payments and/or benefits be reduced by reason of the Employee securing other employment or for any other reason.

Appears in 9 contracts

Samples: Severance and Change of Control Agreement (Regency Centers Corp), Severance and Change of Control Agreement (Regency Centers Corp), Severance and Change of Control Agreement (Regency Centers Corp)

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Set Off; Mitigation. The Company's obligation of the Company or the Partnership to pay or provide the Employee the amounts or benefits under hereunder this Agreement shall be subject to set-off, counterclaim or recoupment of amounts owed by the Employee to the Company or the PartnershipCompany. In addition, except as provided in Section 7 with respect to the Scaled Back Amount, if applicable, the Employee shall not be required to mitigate the amount of any payments or benefits provided to the Employee hereunder by securing other employment or otherwise, nor will such payments and/or benefits be reduced by reason of the Employee securing other employment or for any other reason.

Appears in 1 contract

Samples: Severance and Change of Control Agreement (Regency Centers Corp)

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