Common use of No Mitigation; No Set-Off Clause in Contracts

No Mitigation; No Set-Off. The Company agrees that if the Executive’s employment with the Company is terminated during the Employment Term for any reason whatsoever, the Executive is not required to seek other employment or to attempt in any way to reduce any amounts payable to the Executive by the Company pursuant to this Agreement. Further, the amount of any payment or benefit provided for in this Agreement shall not be reduced by any compensation earned by the Executive or benefit provided to the Executive as the result of employment by another employer or otherwise. The Company’s obligations to make the payments provided for in this Agreement and otherwise to perform its obligations hereunder shall not be affected by any circumstances, including without limitation any set-off, counterclaim, recoupment, defense or other right which the Company may have against the Executive.

Appears in 4 contracts

Samples: Employment Agreement (Bionovo Inc), Employment Agreement (Bionovo Inc), Employment Agreement (Enzo Biochem Inc)

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No Mitigation; No Set-Off. The Company agrees that if the Executive’s 's ------------------------- employment with the Company is terminated during the Employment Term for any reason whatsoever, the Executive is not required to seek other employment or to attempt in any way to reduce any amounts payable to the Executive by the Company pursuant to this Agreement. Further, the amount of any payment or benefit provided for in this Agreement shall not be reduced by any compensation earned by the Executive or benefit provided to the Executive as the result of employment by another employer or otherwise. The Company’s 's obligations to make the payments provided for in this Agreement and otherwise to perform its obligations hereunder shall not be affected by any circumstances, including without limitation limitation, any set-off, counterclaim, recoupment, defense or other right which the Company may have against the Executive.

Appears in 4 contracts

Samples: Employment Agreement (Logisticare Inc), Employment Agreement (Logisticare Inc), Employment Agreement (Logisticare Inc)

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No Mitigation; No Set-Off. The Company agrees that if the Executive’s 's employment with the Company is terminated during the Employment Term for any reason whatsoever, the Executive is not required to seek other employment or to attempt in any way to reduce any amounts payable to the Executive by the Company pursuant to this Agreement. Further, the amount of any payment or benefit provided for in this Agreement shall not be reduced by any compensation earned by the Executive or benefit provided to the Executive as the result of employment by another employer or otherwise. The Company’s 's obligations to make the payments provided for in this Agreement and otherwise to perform its obligations hereunder shall not be affected by any circumstances, including without limitation any set-off, counterclaim, recoupment, defense or other right which the Company may have against the Executive.

Appears in 1 contract

Samples: Employment Agreement (Wireless Telecom Group Inc)

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