Common use of The Companys Payment Obligation Clause in Contracts

The Companys Payment Obligation. The Company’s obligation to make the payments and the arrangements provided for herein shall be absolute and unconditional, and shall not be affected by any circumstances, including, without limitation, any offset, counterclaim, recoupment, defense, or other right which the Company may have against the Executive or anyone else. All amounts payable by the Company hereunder shall be paid without notice or demand. Each and every payment made hereunder by the Company shall be final, and the Company shall not seek to recover all or any part of such payment from the Executive or from whomsoever may be entitled thereto, for any reasons whatsoever. The Executive shall not be obligated to seek other employment in mitigation of the amounts payable or arrangements made under any provision of this Agreement, and the obtaining of any such other employment shall in no event effect any reduction of the Company’s obligations to make the payments and arrangements required to be made under this Agreement, except to the extent provided in Section 3.3(d) herein.

Appears in 13 contracts

Samples: Severance Agreement (Cullen/Frost Bankers, Inc.), Severance Agreement (Cullen/Frost Bankers, Inc.), Severance Agreement (Cullen/Frost Bankers, Inc.)

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The Companys Payment Obligation. The Company’s obligation to make the payments and the arrangements provided for herein shall will be absolute and unconditional, and shall will not be affected by any circumstances, including, without limitation, any offset, counterclaim, recoupment, defense, or other right which the Company may have against the Executive or anyone else. All amounts payable by the Company hereunder shall will be paid without notice or demand. Each and every payment made hereunder by the Company shall will be final, and the Company shall will not seek to recover all or any part of such payment from the Executive or from whomsoever may be entitled thereto, for any reasons whatsoever. The Executive shall will not be obligated to seek other employment in mitigation of the amounts payable or arrangements made under any provision of this Agreement, and the obtaining of any such other employment shall will in no event effect any reduction of the Company’s obligations to make the payments and arrangements required to be made under this Agreement, except to the extent provided in Section 3.3(dSections 3.3(e) and (f) herein. Notwithstanding anything in this Agreement to the contrary, if Severance Benefits are paid under this Agreement, no severance benefits under any program of the Company, other than benefits described in this Agreement, will be paid to the Executive.

Appears in 12 contracts

Samples: Severance Agreement (FMC Corp), Severance Agreement (FMC Corp), Severance Agreement (FMC Corp)

The Companys Payment Obligation. The Company’s 's obligation to make the payments and the arrangements provided for herein shall will be absolute and unconditional, and shall will not be affected by any circumstances, including, without limitation, any offset, counterclaim, recoupment, defense, or other right which the Company may have against the Executive or anyone else. All amounts payable by the Company hereunder shall will be paid without notice or demand. Each and every payment made hereunder by the Company shall will be final, and the Company shall will not seek to recover all or any part of such payment from the Executive or from whomsoever may be entitled thereto, for any reasons whatsoever. The Executive shall will not be obligated to seek other employment in mitigation of the amounts payable or arrangements made under any provision of this Agreement, and the obtaining of any such other employment shall will in no event effect any reduction of the Company’s 's obligations to make the payments and arrangements required to be made under this Agreement, except to the extent provided in Section 3.3(d3.3(e) herein. Notwithstanding anything in this Agreement to the contrary, if Severance Benefits are paid under this Agreement, no severance benefits under any program of the Company, other than benefits described in this Agreement, will be paid to the Executive.

Appears in 5 contracts

Samples: Agreement (FMC Corp), Agreement (FMC Corp), Agreement (FMC Technologies Inc)

The Companys Payment Obligation. The Company’s 's obligation to make the payments and the arrangements provided for herein shall be absolute and unconditional, and shall not be affected by any circumstances, including, without limitation, any offset, counterclaim, recoupment, defense, or other right which the Company may have against the Executive or anyone else. All amounts payable by the Company hereunder shall be paid without notice or demand. Each and every payment made hereunder by the Company shall be final, and the Company shall not seek to recover all or any part of such payment from the Executive or from whomsoever may be entitled thereto, for any reasons whatsoever. The Executive shall not be obligated to seek other employment in mitigation of the amounts payable or arrangements made under any provision of this Agreement, and the obtaining of any such other employment shall in no event effect any reduction of the Company’s 's obligations to make the payments and arrangements required to be made under this Agreement, except to the extent provided in Section 3.3(d3.3(e) herein.

Appears in 4 contracts

Samples: Executive Severance Agreement (Old Kent Financial Corp /Mi/), Executive Severance Agreement (Old Kent Financial Corp /Mi/), Executive Severance Agreement (Old Kent Financial Corp /Mi/)

The Companys Payment Obligation. The Company’s obligation to make the payments and the arrangements provided for herein shall be absolute and unconditional, and shall not be affected by any circumstances, including, without limitation, any offset, counterclaim, recoupment, defense, or other right which the Company may have against the Executive or anyone else. All amounts payable by the Company hereunder shall be paid without notice or demand. Each and every payment made hereunder by the Company shall be final, and the Company shall not seek to recover all or any part of such payment from the Executive or from whomsoever may be entitled thereto, for any reasons whatsoever. The Executive shall not be obligated to seek other employment in mitigation of the amounts payable or arrangements made under any provision of this Agreement, and the obtaining of any such other employment shall in no event effect any reduction of the Company’s obligations to make the payments and arrangements required to be made under this Agreement, except to the extent provided in Section 3.3(d) herein.

Appears in 4 contracts

Samples: Severance Agreement (Charming Shoppes Inc), Severance Agreement (Charming Shoppes Inc), Severance Agreement (Charming Shoppes Inc)

The Companys Payment Obligation. The Company’s obligation to make the payments and the arrangements provided for herein shall will be absolute and unconditional, and shall will not be affected by any circumstances, including, without limitation, any offset, counterclaim, recoupment, defense, or other right which the Company may have against the Executive or anyone else. All amounts payable by the Company hereunder shall will be paid without notice or demand. Each and every payment made hereunder by the Company shall will be final, and the Company shall will not seek to recover all or any part of such payment from the Executive or from whomsoever may be entitled thereto, for any reasons whatsoever. The Executive shall will not be obligated to seek other employment in mitigation of the amounts payable or arrangements made under any provision of this Agreement, and the obtaining of any such other employment shall will in no event effect any reduction of the Company’s obligations to make the payments and arrangements required to be made under this Agreement, except to the extent provided in Section 3.3(d3.3(e) herein. Notwithstanding anything in this Agreement to the contrary, if Severance Benefits are paid under this Agreement, no severance benefits under any program of the Company, other than benefits described in this Agreement, will be paid to the Executive.

Appears in 3 contracts

Samples: Severance Agreement (FMC Corp), Severance Agreement (FMC Technologies Inc), Severance Agreement (FMC Technologies Inc)

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The Companys Payment Obligation. The Company’s obligation to make the payments and the arrangements provided for herein shall will be absolute and unconditional, and shall will not be affected by any circumstances, including, without limitation, any offset, counterclaim, recoupment, defense, or other right which the Company may have against the Executive or anyone else. All amounts payable by the Company hereunder shall will be paid without notice or demand. Each and every payment made hereunder by the Company shall will be final, and the Company shall will not seek to recover all or any part of such payment from the Executive or from whomsoever may be entitled thereto, for any reasons whatsoever. The Executive shall will not be obligated to seek other employment in mitigation of the amounts payable or arrangements made under any provision of this Agreement, and the obtaining of any such other employment shall will in no event effect any reduction of the Company’s obligations to make the payments and arrangements required to be made under this Agreement, except to the extent provided in Section 3.3(d3.3(e) and in Section 10 herein. Notwithstanding anything in this Agreement to the contrary, if Severance Benefits are paid under this Agreement, no severance benefits under any program of the Company, other than benefits described in this Agreement, will be paid to the Executive.

Appears in 2 contracts

Samples: Severance Agreement (John Bean Technologies CORP), Severance Agreement (John Bean Technologies CORP)

The Companys Payment Obligation. The Company’s obligation to make the payments and the arrangements provided for herein shall will be absolute and unconditional, and shall will not be affected by any circumstances, including, without limitation, any offset, counterclaim, recoupment, defense, or other right which the Company may have against the Executive or anyone else. All amounts payable by the Company hereunder shall will be paid without notice or demand. Each and every payment made hereunder by the Company shall will be final, and the Company shall will not seek to recover all or any part of such payment from the Executive or from whomsoever may be entitled thereto, for any reasons whatsoever. The Executive shall will not be obligated to seek other employment in mitigation of the amounts payable or arrangements made under any provision of this Agreement, and the obtaining of any such other employment shall will in no event effect any reduction of the Company’s obligations to make the payments and arrangements required to be made under this Agreement, except to the extent provided in Section 3.3(dSections 3.3(e) and (f) herein. Notwithstanding anything in this Agreement to the contrary, if Severance Benefits are paid under this Agreement, no severance benefits under Exhibit 10.19 any program of the Company, other than benefits described in this Agreement, will be paid to the Executive.

Appears in 1 contract

Samples: Executive Severance Agreement (FMC Corp)

The Companys Payment Obligation. The Company’s 's obligation to make the payments and the arrangements provided for herein shall be absolute and unconditional, and shall not be affected by any circumstances, including, without limitation, any offset, counterclaim, recoupment, defense, or other right which the Company may have against the Executive or anyone else. All amounts payable by the Company hereunder shall be paid without notice or demand. Each and every payment made hereunder by the Company shall be final, and the Company shall not seek to recover all or any part of such payment from the Executive or from whomsoever may be entitled thereto, for any reasons whatsoever. The Executive shall not be obligated to seek other employment in mitigation of the amounts payable or arrangements made under any provision of this Agreement, and the obtaining of any such other employment shall in no event effect any reduction of the Company’s 's obligations to make the payments and arrangements required to be made under this Agreement, except to the extent provided in Section 3.3(d) herein.

Appears in 1 contract

Samples: Severance Agreement (Cullen Frost Bankers Inc)

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