Common use of Mitigation and Setoff Clause in Contracts

Mitigation and Setoff. (a) Executive shall not be required to mitigate the amount of any payment or benefit provided for in Sections 5 or 6 above by seeking employment or otherwise, and FNB and Tower shall not be entitled to setoff against the amount of any payment or benefit provided for in Sections 5 or 6 above by any amounts earned by Executive in other employment.

Appears in 4 contracts

Samples: Employment Agreement, Agreement and Plan of Merger (First Chester County Corp), Agreement and Plan of Merger (First Chester County Corp)

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