Common use of Mitigation or Offset Clause in Contracts

Mitigation or Offset. Executive shall not be required to seek other employment or to reduce any amount payable to her under Article 6 or 8 hereof, and no such amount shall be reduced on account of any compensation received by Executive from other employment. However, the Company's obligation to pay any amount under this Agreement shall be reduced by any amount owed by the Executive to the Company.

Appears in 2 contracts

Samples: Employment Agreement (Advanced Medical Optics Inc), Employment Agreement (Advanced Medical Optics Inc)

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Mitigation or Offset. Executive shall not be required to seek other employment or to reduce any amount payable to her him under Article 6 or 8 hereof, and no such amount shall be reduced on account of any compensation received by Executive from other employment. However, the Company's obligation to pay any amount under this Agreement shall be reduced by any amount owed by the Executive to the CompanyCompany or its affiliates.

Appears in 1 contract

Samples: Employment Agreement (Amo Holdings LLC)

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Mitigation or Offset. Executive shall not be required to seek other employment or to reduce any amount payable to her him under Article 6 or 8 hereof, and no such amount shall be reduced on account of any compensation received by Executive from other employment. However, the Company's obligation to pay any amount under this Agreement shall be reduced by any amount owed by the Executive to the Company.

Appears in 1 contract

Samples: Employment Agreement (Advanced Medical Optics Inc)

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