Common use of No Mitigation of Damages Clause in Contracts

No Mitigation of Damages. (i) The provisions of this Agreement are not intended to, nor shall they be construed to, require that Employee seek or accept other employment following a termination of employment and, except to the extent provided in Section 3(iii)(D) of this Agreement, amounts payable and welfare benefits provided under this Agreement to Employee shall not be reduced by Employee's acceptance of (or failure to seek or accept) employment with another person. The Company's obligations to make the payments and provide the welfare benefits required for in this Agreement and otherwise to perform its obligations hereunder shall not be affected by any set off, counterclaim, recoupment, defense or other claim, rights or action that the Company may have against the Employee or others.

Appears in 4 contracts

Samples: Key Employee Severance Agreement (U S Intec Inc), Key Employee Severance Agreement (U S Intec Inc), Key Employee Severance Agreement (U S Intec Inc)

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