Common use of Full Payment; No Mitigation Obligation Clause in Contracts

Full Payment; No Mitigation Obligation. The Company's -------------------------------------- obligation to make the payments provided for in this Agreement and otherwise to perform its obligations hereunder shall not be affected by any set-off, counterclaim, recoupment, defense or other claim, right or action which the Company may have against Executive or others. In no event shall Executive be obligated to seek other employment or take any other action by way of mitigation of the amounts payable to Executive under any of the provisions of this Agreement.

Appears in 5 contracts

Samples: Change in Control Agreement (Mail Well Inc), Change in Control Agreement (Mail Well Inc), Change in Control Agreement (Mail Well Inc)

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Full Payment; No Mitigation Obligation. The Company's -------------------------------------- obligation to make the payments provided for in this Agreement and otherwise to perform its obligations hereunder shall not be affected by any set-off, counterclaim, recoupment, defense or other claim, right or action which the Company may have against Executive or others. In no event shall Executive be obligated to seek other employment or take any other action by way of mitigation of the amounts payable to Executive under any of the provisions of this Agreement.

Appears in 1 contract

Samples: Change in Control Agreement (Southern Financial Bancorp Inc /Va/)

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