Common use of Set Off; No Mitigation Clause in Contracts

Set Off; No Mitigation. The Employer’s obligation to pay Executive the amounts provided and to make the arrangements provided hereunder shall be subject to set-off, counterclaim or recoupment of amounts owed by Executive to the Employer 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 no amounts payable hereunder shall be reduced or offset due to any employment of the Executive.

Appears in 6 contracts

Samples: Employment Agreement (Evercore Partners Inc.), Employment Agreement (Evercore Partners Inc.), Employment Agreement (Evercore Partners Inc.)

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Set Off; No Mitigation. The EmployerCompany’s obligation to pay the Executive the amounts provided and to make the arrangements provided hereunder shall will be subject to set-off, counterclaim counterclaim, or recoupment of amounts owed by the Executive to the Employer Company or any of its affiliatesAffiliates. In no event will the Executive shall not be required obligated to mitigate seek other employment or take any other action by way of mitigation of the amounts payable to the Executive under any of the provisions of this Agreement, nor will the amount of any payment provided for pursuant to this Agreement by seeking other employment and no amounts payable hereunder shall be reduced or offset due to by any compensation earned by the Executive as a result of employment of the Executiveby a subsequent employer, except as provided in Section 4 hereof.

Appears in 5 contracts

Samples: Employment Agreement (Northern Oil & Gas, Inc.), Employment Agreement (Northern Oil & Gas, Inc.), Employment Agreement (Northern Oil & Gas, Inc.)

Set Off; No Mitigation. The EmployerCompany’s obligation to pay the Executive the amounts provided and to make the arrangements provided hereunder shall will be subject to set-off, counterclaim counterclaim, or recoupment of amounts owed by the Executive to the Employer Company or any of its affiliatessubsidiaries. In no event will the Executive shall not be required obligated to mitigate seek other employment or take any other action by way of mitigation of the amounts payable to the Executive under any of the provisions of this Agreement, nor will the amount of any payment provided for pursuant to this Agreement by seeking other employment and no amounts payable hereunder shall be reduced or offset due to by any compensation earned by the Executive as a result of employment of the Executiveby a subsequent employer, except as expressly provided in Section 8 hereof.

Appears in 4 contracts

Samples: Employment Agreement (Vine Energy Inc.), Employment Agreement (Vine Energy Inc.), Employment Agreement (Vine Energy Inc.)

Set Off; No Mitigation. The Employer’s 's obligation to pay Executive the amounts provided and to make the arrangements provided hereunder shall be subject to set-off, counterclaim or recoupment of amounts owed by Executive to the Employer 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 no amounts payable hereunder shall be reduced or offset due to any employment of the Executive.

Appears in 3 contracts

Samples: Employment Agreement (Evercore Partners Inc.), Employment Agreement (Evercore Partners Inc.), Employment Agreement (Evercore Partners Inc.)

Set Off; No Mitigation. The Employer’s obligation to pay Executive the amounts provided and to make the arrangements provided hereunder shall be subject to set-off, counterclaim or recoupment of amounts owed by Executive to the Employer 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 or otherwise and no amounts payable hereunder the amount of any payment provided for pursuant to this Agreement shall not be reduced by any compensation earned as a result of Executive’s other employment or offset due to any employment of the Executiveotherwise.

Appears in 3 contracts

Samples: Employment Agreement (ITC Holdings Corp.), Employment Agreement (ITC Holdings Corp.), Employment Agreement (ITC Holdings Corp.)

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Set Off; No Mitigation. The Employer’s obligation to pay Executive the amounts provided and to make the arrangements provided hereunder shall be subject to set-off, counterclaim or recoupment of amounts owed by Executive to the Employer or its affiliatesaffiliates pursuant to a written agreement or any written policy of the Employer, except to the extent such set-off is not permitted under Section 409A of the Code without the imposition of additional taxes or penalties on Executive. Executive shall not be required to mitigate the amount of any payment provided for pursuant to this Agreement by seeking other employment and no amounts payable hereunder shall be reduced or offset due to any employment of the Executive.

Appears in 1 contract

Samples: Employment Agreement (Evercore Partners Inc.)

Set Off; No Mitigation. The Employer’s obligation to pay Executive the amounts provided and to make the arrangements provided hereunder shall be subject to set-off, counterclaim or recoupment of amounts owed by Executive to the Employer 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 no amounts payable hereunder shall be reduced or offset due to any employment of the Executive.

Appears in 1 contract

Samples: Employment Agreement (Evercore Partners Inc.)

Set Off; No Mitigation. The Employer’s 's obligation to pay Executive the amounts provided and to make the arrangements provided hereunder shall be subject to set-off, counterclaim or recoupment of amounts owed by Executive to the Employer 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 or otherwise and no amounts payable hereunder the amount of any payment provided for pursuant to this Agreement shall not be reduced by any compensation earned as a result of Executive's other employment or offset due to any employment of the Executiveotherwise.

Appears in 1 contract

Samples: Executive Cash Bonus Agreement (ITC Holdings Corp.)

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