Common use of Mitigation and Set-Off Clause in Contracts

Mitigation and Set-Off. The Employee shall not be required to mitigate the amount of any payment provided for in this Agreement by seeking other employment or otherwise. The Employer shall not be entitled to set off against the amounts payable to the Employee under this Agreement any amounts earned by the Employee in other employment after termination of employment with the Employer, or any amounts which might have been earned by the Employee in other employment had he sought such other employment.

Appears in 22 contracts

Samples: Change in Control Agreement (Citizens & Northern Corp), Change in Control Agreement (Civista Bancshares, Inc.), Change in Control Agreement (Civista Bancshares, Inc.)

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Mitigation and Set-Off. The Employee Xxxxxx shall not be required to mitigate the amount of any payment provided for in this Agreement by seeking other employment or otherwise. The Employer shall not be entitled to set off against the amounts payable to the Employee Xxxxxx under this Agreement any amounts owed to the Employer by Xxxxxx, any amounts earned by the Employee Xxxxxx in other employment after termination of his employment with the Employer, or any amounts which might have been earned by the Employee Xxxxxx in other employment had he sought such other employment.

Appears in 1 contract

Samples: Employment Agreement (Pacific Crest Capital Inc)

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Mitigation and Set-Off. The Employee shall not be required to mitigate the amount of any payment provided for in this Agreement by seeking other employment or otherwise. The Employer Company shall not be entitled to set off against the amounts payable to the Employee under this Agreement any amounts earned by the Employee in other employment after termination of the Employee’s employment with the EmployerCompany, or any amounts which might have been earned by the Employee in other employment had he the Employee sought such other employment.

Appears in 1 contract

Samples: Change in Control Agreement (Consumers Bancorp Inc /Oh/)

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