Common use of Mitigation and Offset Clause in Contracts

Mitigation and Offset. Executive shall not be required to mitigate the amount of any payment provided for in this Agreement by seeking employment or otherwise, nor to offset the amount of any payment provided for in this Agreement by amounts earned as a result of Executive's employment or self-employment during the period he is entitled to such payment.

Appears in 24 contracts

Samples: Employment Agreement (Team Financial Inc /Ks), Employment Agreement (Team Financial Inc /Ks), Executive Employment Agreement (Online Power Supply Inc)

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Mitigation and Offset. Executive shall not be required to mitigate the amount of any payment provided for in this Agreement by seeking employment or otherwise, nor to offset the amount of any payment provided for in this Agreement by amounts earned as a result of Executive's ’s employment or self-employment during the period he is entitled to such payment.

Appears in 9 contracts

Samples: Employment Agreement (Team Financial Inc /Ks), Employment Agreement (Team Financial Inc /Ks), Employment Agreement (Team Financial Inc /Ks)

Mitigation and Offset. Executive shall not be required to mitigate the amount of any payment provided for in amounts payable under this Agreement by seeking other employment or otherwise, nor to and there shall be no offset the amount of any payment provided for in against amounts due Executive under this Agreement by amounts earned as a result on account of Executive's employment or self-employment during the period he is entitled to such paymentsubsequent employment.

Appears in 7 contracts

Samples: Employment Agreement (Global Crossing LTD), Employment Agreement (Global Crossing LTD), Employment Agreement (Global Crossing LTD)

Mitigation and Offset. Executive shall not be required to mitigate the amount of any payment provided for in Section 2 of this Agreement by seeking employment or otherwise, nor to offset the amount of any payment . Payment or benefit provided for in Section 2 of this Agreement shall not be reduced by amounts any compensation earned by the Executive as a result of Executive's employment by another employer, or self-employment during the period he is entitled to such paymentby retirement benefits.

Appears in 2 contracts

Samples: Separation Agreement (Owens Illinois Inc /De/), Separation Agreement (Ligand Pharmaceuticals Inc)

Mitigation and Offset. Executive shall not be required to mitigate the amount of any payment provided for in this Agreement by seeking employment or otherwise, nor to offset the amount of any payment provided for in this Agreement by amounts earned as a result of Executive's ’s employment or self-employment during the period he she is entitled to such payment.

Appears in 2 contracts

Samples: Employment Agreement (Team Financial Inc /Ks), Employment Agreement (Team Financial Inc /Ks)

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Mitigation and Offset. Executive shall not be required to mitigate the amount of any payment provided for in --------------------- amounts payable under this Agreement by seeking other employment or otherwise, nor to and there shall be no offset the amount of any payment provided for in against amounts due Executive under this Agreement by amounts earned as a result on account of Executive's employment or self-employment during the period he is entitled to such paymentsubsequent employment.

Appears in 1 contract

Samples: Employment Agreement (Global Crossing LTD)

Mitigation and Offset. Executive shall not be required to mitigate the amount of any payment provided for in this Agreement by seeking employment or otherwise, nor to offset the amount of any payment provided for in this Agreement by amounts earned as a result of Executive's ’s employment or self-employment during the period he is entitled to such payment, unless otherwise specified herein.

Appears in 1 contract

Samples: Employment Agreement (Team Financial Inc /Ks)

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