Common use of LEGAL COUNSEL; OFFSETS AND REDUCTIONS Clause in Contracts

LEGAL COUNSEL; OFFSETS AND REDUCTIONS. In the event you obtain legal counsel to enforce your rights under this letter agreement, the Company will pay you reasonable legal fees if you recover any amount on such claim. Except as provided in paragraph 6, if your employment is terminated by the Company, your severance shall not be subject to any offsets or reductions for your subsequently earned income or reduction by reason of any claim by the Company.

Appears in 4 contracts

Samples: Cit Group Inc, Cit Group Holdings Inc /De/, Cit Group Inc

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LEGAL COUNSEL; OFFSETS AND REDUCTIONS. In the event you obtain legal counsel to enforce your rights under this letter agreement, the Company will pay you reasonable legal fees if you recover any amount on such claim. Except as provided in paragraph 6, if your employment is terminated by the Company, your severance shall not be subject to any offsets or reductions for your subsequently earned income or reduction by reason of any claim by the Company.your

Appears in 1 contract

Samples: Cit Group Inc

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