Set Off; No Mitigation. Executive shall not be required to mitigate the amount of any payment provided for pursuant to this Agreement by seeking other employment, and such payments shall not be reduced by any compensation or benefits received from any subsequent employer or other endeavor. Any amounts due under Section 5 of this Agreement are considered reasonable by the Company and are not in the nature of a penalty.
Appears in 19 contracts
Samples: Employment Agreement (Vivint Smart Home, Inc.), Employment Agreement (Ap Al LLC), Employment Agreement (Vivint Smart Home, Inc.)
Set Off; No Mitigation. The Company’s obligation to pay Executive the amounts provided and to make the arrangements provided hereunder shall not be subject to set-off, counterclaim or recoupment of amounts owed by Executive to the Company or its affiliates. Executive shall not be required to mitigate the amount of any payment provided for pursuant to this Agreement by seeking other employment, and such payments shall not be reduced by any compensation or benefits received from any subsequent employer or other endeavor. Any amounts due under Section 5 of this Agreement are considered reasonable by the Company and are not in the nature of a penalty.
Appears in 3 contracts
Samples: Restricted Stock Unit Agreement (Brixmor Operating Partnership LP), Restricted Stock Unit Agreement (Brixmor Operating Partnership LP), Restricted Stock Unit Agreement (Brixmor Operating Partnership LP)
Set Off; No Mitigation. Executive shall not be required to mitigate the amount of any payment provided for pursuant to this Agreement by seeking other employment, and such payments shall not be reduced by any compensation or benefits received from any subsequent employer or other endeavor. Any amounts due under Section 5 of this Agreement are considered reasonable by the Company and are not in the nature of a penalty.. (i)
Appears in 2 contracts
Samples: Employment Agreement (APX Group Holdings, Inc.), Employment Agreement (APX Group Holdings, Inc.)
