Common use of No Mitigation; Limited Offset Clause in Contracts

No Mitigation; Limited Offset. The Company agrees that, if the Consultant's engagement with the Company is terminated hereunder, the Consultant is not required to seek other employment or to attempt in any way to reduce any amounts payable to the Consultant by the Company pursuant to paragraph 7 hereof. Further, the amount of any payment or benefit provided for in this Agreement shall not be reduced by any compensation earned by the Consultant as the result of employment by another employer or by offset against any amount claimed to be owed by the Consultant to the Company (unless such amount is evidenced by a promissory note signed by the Consultant), or otherwise.

Appears in 4 contracts

Samples: Consulting Agreement (Global Resource CORP), Consulting Agreement (Global Resource CORP), Consulting Agreement (Global Resource CORP)

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