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

No Mitigation; No Set-Off. In the event of the termination of Employee’s employment by the Company without Cause or by the Employee for Good Reason, the Employee shall be under no obligation to seek other employment and there shall be no offset against amounts due to him on account of any remuneration or benefits provided to him by any subsequent employment he may obtain. Notwithstanding the preceding, if the Employee’s employment is terminated by the Company without Cause or by the Employee for Good Reason, the obligation of the Company to continue to provide the Employee with heath insurance under Section 6(d) (iii) (C) shall cease upon coverage by a subsequent employer.

Appears in 6 contracts

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

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No Mitigation; No Set-Off. In the event of the termination of Employee’s employment by the Company without Cause or by the Employee for Good Reason, the Employee shall be under no obligation to seek other employment and there shall be no offset against amounts due to him on account of any remuneration or benefits provided to him by any subsequent employment he may obtain. Notwithstanding the preceding, if the Employee’s employment is terminated by the Company without Cause or by the Employee for Good Reason, the obligation of the Company to continue to provide the Employee with heath insurance under Section 6(d8(d) (iii) (C) shall cease upon coverage by a subsequent employer.

Appears in 1 contract

Samples: Employment Agreement (Abovenet Inc)

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