Common use of Mitigation; Offset Clause in Contracts

Mitigation; Offset. In the event of a termination of Employee’s employment prior to the end of the Term, in no event shall Employee be obligated to seek other employment or take any other action by way of mitigation of severance benefits or other compensation or benefits. If Employee obtains other employment during the Term, the amount of any severance payments to be made to Employee under Sections 1(d) or 1(g) hereof after the date such employment is secured shall be offset by the amount of compensation earned by Executive from such employment through the end of the Term. For purposes of this Section 1(e), Employee shall have an obligation to inform the Company promptly regarding Employee’s employment status following termination and during the period encompassing the Term.

Appears in 3 contracts

Samples: Employment Agreement (Tree.com, Inc.), Employment Agreement (Tree.com, Inc.), Employment Agreement (Tree.com, Inc.)

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Mitigation; Offset. In the event of a termination of Employee’s employment prior to the end of the Term, in no event shall Employee be obligated to seek other employment or take any other action by way of mitigation of severance benefits or other compensation or benefits. If Employee obtains other employment during the Term, the amount of any severance payments to be made to Employee under Sections Section 1(d) or 1(g) hereof after the date such employment is secured shall be offset by the amount of compensation earned by Executive from such employment through the end of the Term. For purposes of this Section 1(e1(f), Employee shall have an obligation to inform the Company promptly regarding Employee’s employment status following termination and during the period encompassing the Term.

Appears in 3 contracts

Samples: Settlement and Release Agreement (Ticketmaster), Settlement and Release Agreement (Ticketmaster), Settlement and Release Agreement (Ticketmaster)

Mitigation; Offset. In the event of a termination of Employee’s 's employment prior to the end of the Term, in no event shall Employee be obligated to seek other employment or take any other action by way of mitigation of severance benefits or other compensation or benefits. If Employee obtains other employment during the Term, the amount of any severance payments to be made to Employee under Sections 1(d) or 1(g) hereof after the date such employment is secured shall be offset by the amount of compensation earned by Executive from such employment through the end of the Term. For purposes of this Section 1(e), Employee shall have an obligation to inform the Company promptly regarding Employee’s 's employment status following termination and during the period encompassing the Term.

Appears in 1 contract

Samples: Employment Agreement (Iac/Interactivecorp)

Mitigation; Offset. In the event of a termination of Employee’s employment prior to the end of the Term, in no event shall Employee be obligated to seek other employment or take any other action by way of mitigation of severance benefits or other compensation or benefits. If Employee obtains other employment during the Term, the amount of any severance payments to be made to Employee under Sections Section 1(d) or 1(g) hereof after the date such employment is secured shall be offset by the amount of compensation earned by Executive from such employment through the end of the Term. For purposes of this Section 1(e), Employee shall have an obligation to inform the Company promptly regarding Employee’s employment status following termination and during the period encompassing the Term.

Appears in 1 contract

Samples: Employment Agreement (Iac/Interactivecorp)

Mitigation; Offset. In the event of a termination of Employee’s 's employment prior to the end of the Term, in no event shall Employee be obligated to seek other employment or take any other action by way of mitigation of severance benefits or other compensation or benefits. If Employee obtains other employment during the Term, the amount of any severance payments to be made to Employee under Sections Section 1(d) or 1(g) hereof after the date such employment is secured shall be offset by the amount of compensation earned by Executive Employee from such employment through the end of the Term. For purposes of this Section 1(e), Employee shall have an obligation to inform the Company promptly regarding Employee’s 's employment status following termination and during the period encompassing the Term.

Appears in 1 contract

Samples: Employment Agreement (Tree.com, Inc.)

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Mitigation; Offset. In the event of a termination of Employee’s 's employment prior to the end of the Term, in no event shall will Employee be obligated to seek other employment or take any other action by way of mitigation of severance benefits or other compensation or benefits. If Employee obtains other employment during the Term, the amount of any severance payments to be made to Employee under Sections Section 1(d) or 1(g) hereof after the date such employment is secured shall will be offset by the amount of compensation earned by Executive Employee from such employment through the end of the Term. For purposes of this Section 1(e), Employee shall will have an obligation to inform the Company promptly regarding Employee’s 's employment status following termination and during the period encompassing the Term.

Appears in 1 contract

Samples: Employment Agreement (LendingTree, Inc.)

Mitigation; Offset. In the event of a termination of Employee’s employment Termination of Employment prior to the end of the Term, in no event shall will Employee be obligated to seek other employment or take any other action by way of mitigation of severance benefits or other compensation or benefits. If Employee obtains other employment during the Term, the amount of any severance payments to be made to Employee under Sections Section 1(d) or 1(g) hereof after the date such employment is secured shall will be offset by the amount of compensation earned by Executive Employee from such employment through the end of the Term. For purposes of this Section 1(e), Employee shall will have an obligation to inform the Company promptly regarding Employee’s employment status following termination Employee’s Termination of Employment and during the period encompassing the Term.

Appears in 1 contract

Samples: Employment Agreement (LendingTree, Inc.)

Mitigation; Offset. In the event of a termination of Employee’s employment prior to the end of the Term, in no event shall Employee be obligated to seek other employment or take any other action by way of mitigation of severance benefits or other compensation or benefits. If Employee obtains other employment during the Term, the amount of any severance payments to be made to Employee under Sections Section 1(d) or 1(g) hereof after the date such employment is secured shall be offset by the amount of compensation earned by Executive Employee from such employment through the end of the Term. For purposes of this Section 1(e), Employee shall have an obligation to inform the Company promptly regarding Employee’s employment status following termination and during the period encompassing the Term.

Appears in 1 contract

Samples: Employment Agreement (Tree.com, Inc.)

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